A business valuation should answer the simple question: How much is a business worth? The answer is less simple:
Recently, I was in a deposition herein the deposing attorney suddenly announced that she would request all the reports I had authored in current cases. "You can redact the names of the cases," she said cheerily. I protested ferventlythis would undoubtedly ruffle the feathers of my clients and some cases were pe'nding settlement.
Economics, "the dismal science," tends to baffle a good many otherwise intelligent people - including attorneys. Frequently, attorneys will confess to me that they took one economics course, obtained a "C," and abandoned the study forever.
Compliance with environmental regulations often entails significant capital investment in pollution control equipment, which in turn leads to ongoing operation and maintenance expenses.
Setting aside the one case in 100,000 that makes headlines, are juries generally capricious and liberal? Are verdicts frequently unreasonable?
The increased use of economic experts in commercial damage cases, as well as in personal injury and wrongful death cases, has resulted in the emergence of a group of experts who offer economic services but are unqualified and ill-trained in economics.
In most courts, the value of a human being is not recognized. According to the laws of many states, your life isn't worth a "plugged nickel" if you no longer work.
The economist's major task in connection with personal injury, wrongful death, medical malpractice or wrongful termination cases is, in general, to put a dollar value on the plaintiff's earnings losses. We may have additional estimation tasks in any given case: for example, estimating lost employment benefits, particularly retirement benefits, or estimating losses in home production.
The Vermont Supreme Court’s decision in Agency of Natural Resources v. Deso11 does not, so to speak, throw the baby out with the bathwater, but rather sets forward what can be seen as constituting part of a helpful framework for distinguishing between the two. Nor does the decision contain any self-contradictory implications
