![]() This includes examining a company’s assets and liabilities in terms of industry, past and future outcomes, markets, and economic conditions. In business disputes, an economic expert also can review and testify on a company’s internal data. Secondly, an economic witness can offer valuable testimony on complex financial disputes for corporations. The economics expert witness can provide a long term picture of monetary damages and ensure a fair ruling for an injured plaintiff. In particular, for a plaintiff’s case, such issues can quadruple the proposed damage amounts. Without provable damages, trying a personal injury lawsuit would be pointless.Įconomic experts can also aid a jury’s understanding of how damages can fluctuate with productivity, inflation, taxes, expected duration of loss, life expectancy, and time value of money. For example, in a major personal involving a skilled violinist who can no longer use their hands, an economics expert can testify on lost lifetime earnings. Firstly, an economics expert can be instrumental in developing a case theory for matters involving monetary damages. The decision to hire an economics expert generally comes down to two case factors. How an Economics Expert Witness can Help Your Case From cases on identity theft and copyright infringement to employment discrimination and worker’s compensation, this guide will cover several cases in which retaining an economic expert could offer enormous value to litigators. With economic damages at the heart of many legal disputes, it’s important to understand the facets of your case theory where an economic expert can lend critical professional guidance. ![]() ![]() Economics experts can serve as key witnesses uniquely equipped to opine on damage calculations, wage disputes, business valuations, lost earnings, wage disputes, and other complex financial corporate issues, including securities and stock forecasting. From personal injury tort matters to business disputes, an economics expert can offer crucial support to an attorney’s position when dealing with financial cases. At the heart of many lawsuits is often one key factor – money. ![]()
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