Economic Damages Expert Witnesses in Illinois

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Economic damages expert witnesses practice in a variety of fields, including business litigation, personal injury cases, wrongful death suits, employment disputes, and intellectual property rights. Some of the most common specialties for economic damages expert witnesses include forensic accounting, financial analysis, economic loss calculation, valuation, and market analysis. They can opine on the effects of lost wages, diminished earning capacity, business interruption losses, cost of replacement services, and future medical expenses.

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Average Economic Damages Expert Witnesses Court Fees

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Economic Damages Experts in Illinois

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Review Fee $460/hr
Deposition Fee $460/hr
Court Fee $460/hr

This expert focuses on accounting, forensic accounting, financial analysis, financial forensics, economic damages, business valuation and investigations. He has experience in lost profits/earnings, business interruption claims, analysis of financial transactions and balances, Court-ordered accounting, bankruptcy, fraud examinations, investigations and the reconstruction of incomplete, misstated and/or falsified financial information. This expert provides consulting and litigation support services to trial lawyers, trustees, examiners, receivers, business owners and managers and units of federal, state and local government. Many engagements combine financial analysis, economic damages determination, valuation issues, tracing procedures and/or other applications of financial forensics to assist in resolving complex commercial litigation and business disputes. He has more than 35 years of experience in accounting, financial analysis, financial forensics, business economics, fraud examinations and investigations in diverse engagements and numerous industries, including more than 15 years of experience in economic damages and business valuations. He has participated in public hearings and alternative dispute resolutions, submitted expert reports in several jurisdictions and testified in arbitration, regulatory proceedings and State, Federal and Bankruptcy Courts.

Managing Member, A private accounting firm in Midwest

Bachelor of Arts (BA), Witwatersrand University

Chicago,

Illinois

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Review Fee $650/hr
Deposition Fee $750/hr
Court Fee $750/hr

This highly qualified expert has provided valuation and corporate finance consulting services since 1987. He is a Chartered Financial Analyst (CFA) and he is a member of several prestigious associations including the Healthcare Financial Management Association and the American Society of Appraisers. He previously worked as the Senior Managing Director of American Appraisal Associates Inc where he was the Chair of Healthcare Industry Practice. Currently, this expert works as Managing Director in a global consulting firm in Illinois. He specializes in the valuation of a wide variety of businesses and business interests, fairness and solvency opinions, consulting with corporations with respect to corporate finance issues, and estimating economic damages. He has provided opinions of value, fairness, and solvency for many purposes such as acquisitions, divestitures, business and strategic plan reviews, business unit performance measurement, SEC filings, US GAAP and other financial reporting requirements, US federal, state, and non-US tax reporting requirements, regulatory compliance, various dispute resolution and litigation procedures and general advisory purposes. This expert has worked with clients across a wide variety of industries such as business and consumer services, construction, engineering and real estate development, construction materials, banking, financial institutions and insurance, healthcare services and managed care.

Managing Director, A Valuation Services Firm

Master of Business Administration (MBA), DePaul University

Chicago,

Illinois

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FAQs for Economic Damages Expert Witnesses

What is the role of an economic damages expert witness?

An economic damages expert witness provides objective analysis and testimony on financial losses or damages in a legal dispute, such as lost profits, diminished business value, or personal injury costs.

In what types of cases can an economic damages expert witness be beneficial?

These experts are crucial in various cases including commercial litigation, personal injury claims, wrongful death suits, employment disputes, and intellectual property infringement cases.

Can an economic damages expert witness handle both individual and corporate cases?

Yes, these experts can analyze and quantify economic loss or damage for both individuals and businesses depending on the case specifics.

Are there subspecialties within the field of economic damages?

Yes, some experts may specialize in areas like forensic accounting, business valuation, labor economics, or health economics, each providing unique insights into specific types of economic damage.

How does an economic damages expert calculate lost earnings in a personal injury case?

They consider factors like the plaintiff's age, occupation, earning history, life expectancy, and the severity of the injury to estimate potential future income loss.

How does Expert Institute select its Economic Damages expert witnesses?

Expert Institute offers a personalized approach to help you find the highest quality experts. We source actively-practicing professionals who match all your requirements for specialty areas, work experience, litigation history, fee range, certifications, location, and more.

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