Forensic Economics Expert Witnesses in Illinois

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Forensic economics expert witnesses practice in a variety of fields, including personal injury cases, wrongful death suits, employment discrimination claims, business valuation disputes, and commercial damages litigation. Some of the most common forensic economics expert witness specialties also include wage loss analysis, life care plan valuation, economic damage calculations, lost profit assessment, and earning capacity evaluation. They can opine on the effects of economic losses due to personal injuries, the financial impact of wrongful termination, the value of lost business opportunities, the cost of medical care over a lifetime for injured individuals, and the economic implications of discriminatory practices.

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David S. Gibson, MBA, MRCView profile

ID: 374383

Mr. David S. Gibson, MBA, MRC

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Illinois

Mr. David S. Gibson has over 40 years of experience in the field of Vocational Economics. He earned his BS in Accounting from the University of Illinois Urbana, his MBA in Finance from the University of Chicago, and his Masters of Rehabilitation Counseling from the University of Kentucky. Formerly, this expert served as President and Chief Operating Officer at Vocational Economics, Inc....

Forensic Economics Expert WitnessView profile

E-136560

Forensic Economics Expert Witness

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Illinois

This expert has over 25 years of experience in forensic accounting, focusing on the measurement of economic damages and litigation support. He received a BS in Business Administration and Accounting at Roosevelt University and is an active, certified Public Accountant, Global Management Accountant, Financial Forensic Specialist, and Fraud Examiner. This expert has experience across numerous...

Forensic Economics Expert Witness FAQs

A forensic economics expert witness is a professional who applies economic theories and methods to legal issues, often providing testimony in court cases involving economic damages.

Forensic economics experts are often used in personal injury, wrongful death, employment discrimination, and business loss cases where economic damages need to be calculated.

They use various methodologies including present value calculations, statistical analysis, and labor market surveys to estimate the financial impact of an event or action.

Yes, some forensic economists specialize in specific areas such as labor economics, health economics, or industrial organization which may be relevant depending on the case specifics.

Absolutely. They can provide valuable insights into the calculation of reasonable royalties and lost profits due to patent infringement.

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