Members of WithumSmith+Brown’s Forensic and Valuation Services Team have the experience and expertise to calculate damage claims. Damage claims arise when one party believes that either the actions of another or a fortuitous act have caused them economic harm. For example, critical newspaper articles, explosions, defective products, terrorist activities, fires and hurricanes can cause, or be alleged to have caused, economic harm. Often, these cases involve the calculation of lost profits or the diminution of business value.
To calculate the appropriate damages, our accountants and valuation experts assess the facts, analyze financial information and apply the appropriate financial, economic and valuation theories. Attorneys, corporations and insurance companies have used our services relative to alleged lost profits, contract disputes, product liability, losses from breach of warranties, covenants not to compete and breach of contracts.