Forum : Legal

04/25/2003

Effective Use of Damages Experts in Business Litigation

Business litigation today rarely progresses without the use of a variety of experts, whether as a proactive or reactive measure. Categories of experts include those who possess specialized technical knowledge and will primarily assist in establishing (or refuting) liability, as well as those with financial expertise who will serve as damages experts, provide summary testimony that ties together the testimony of technical experts, and attach a value to the claimed damages. Financial and business expert involvement becomes especially important in matters involving valuation of early-stage companies or claims for lost profits for such enterprises. Following are a number of areas in which damages experts can often be more effectively utilized in business and real estate litigation. These will
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