Economic Damage Analysis

Both economists and forensic accountants traditionally undertake economic damage calculations.  Forensic accountants are particularly effective at economic loss calculations because, unlike economists, they can interpret and assess lost revenue and determine the associated fixed and variable expenses.

Economic Damages  

Intellectual Property Infringement

Intellectual property disputes arise largely from infringement of one of the four types of intellectual property. Our professionals here at McKenzie, have substantial experience dealing with intellectual property disputes. We develop sound economic opinions and comprehensive financial views, concerning the infringement of intellectual property, by applying critical and analytical thinking to the specific issue at hand. Our team is able to simplify complex financial data, and present it in an effective and persuasive manner to both judges and juries. 

Our professionals at McKenzie Forensic Accounting are experts in performing an economic damage calculation for intellectual property infringement cases. We also assist our clients in non-dispute settings to value intellectual property assets.

Personal Injury and Wrongful Death

While there may not be any one particular “correct” way to estimate the lost earnings suffered by an injured individual, our experiences at McKenzie Forensic Accounting have led us to observe that there are a large number of “incorrect” ways to perform such calculations. If experts that the time to learn, understand, and comprehend the factors involved in the “But-for” model, we believe the issues contested at trial can be significantly reduced to testimony regarding the variables and assumptions used by the individual experts, which in our opinion is much more productive than arguing the merits of two disparate economic damage calculations, particularly when both may be inadequate. 

At McKenzie Forensic Accounting, we have the expertise and experience to assist these cases. 

Wrongful Termination

An employee cannot be fired on the basis of his/her race, gender, ethnic background, religion, or disability. It is also illegal to fire an employee for filing a legal complaint against the company, such as bringing the wrongdoing to light as a whistle-blower. 

At McKenzie Forensic Accounting our professionals are experts at calculating the economic damages associated with wrongful termination. 

Unjust Enrichment

Unjust enrichment occurs when one party illegally benefits from another party. It is based on quasi-contract, which is an obligation of one party to another imposed by law independently of an agreement between the parties. A claim for an unjust enrichment is based on legal fiction, meaning that the assertion is accepted as true. In other words, although the parties never indicated by word or deed that an agreement existed between them, the injured party may recover under quasi-contract.   

Our professionals at McKenzie Forensic Accounting are experts in performing an economic damage calculation for unjust enrichment cases.

Construction Defects & Delays

Our professionals combine years of forensic accounting and business valuation expertise and experience when calculating lost economic potential due to the occurrence of allegedly harmful events. These calculations are based on three core components: the causal link between a specific event and alleged lost profits (financial causation), the profits that would have been achieved but for the specific event (but-for profits), and the profits that were actually achieved because of the specific event (actual profits). We have a thorough understanding of these components and can therefore provide insightful, objective feedback regarding the merits of a claim for economic damages. Our expertise in forensic accounting and business valuation means that our assessment of the economic damage components will be thoroughly analyzed and well supported. 

States

East Cost Locations

FL

110 East Broward Blvd, Suite 1700, Fort Lauderdale

NY

140 Broadway, New York, NY 1005

NC

1011 S. Hamilton Rd, Captell Hill

SC

1320 Main Street, Columbia 29201

NJ

100 Horizon Center Blvd, Hamilton

CT

1224 Mill Street, Berlin 06023

GA

100 Bull Street, Suite 200, Savannah 31401

RI

10 Drrance Street, Suite 700 Providence

VA

4870 Sadier Rd, Suite 300, Glen Allen 23060

MA

100 Cambridge Street, Boston 02114

ME

2828 Boulevard Laurier, Suite 700

DE

200 Continental Drive, Suite 400, Newark 19713

MD

1997 Annapolis Exchange Parkway, Annapolis 21401

States

Mid Western States

IL

4620 E. 53rd Street, Suite 200 Davenport 52807

NY

10475 Crosspoint Blvd, Suite 250, Indianapolis 46256

NC

699 Walnut Street, 4th Floor Des Moines

KS

107 W. 9th Street, 2nd Floor, Kansas City

MI

250 Monroe NW, Suite 400 Grand Rapids 49503

MN

3523 45TH Street South, Suite 100, Fargo 58104

MS

303 N. Stadium Blvd, Columbia 65203

NE

10 Drrance Street, Suite 700 Providence

ND

4870 Sadier Rd, Suite 300, Glen Allen 23060

OH

470 Olde Worthington Rd, Suite 200, Westerville 43082

WI

4321 W. College Avenue Suite 200, Appleton 54914

States

West Coast States

CA

4900 California Ave, Tower B, Bakersfield 93309

AZ

1533 North Pima Rd, Suite 30, Scott Dale 85260

CO

200 Union Blvd, Suite 200 Lakewood 80228

ID

950 Bannock Street, Suite 100 Boise 83702

MT

5 West Mendenhall Street, Suite 202 Bozeman 59715

NV

5470 Kietzke Lane, Suite 300, Reno 89511

NM

6565 Americas Parkway NE Suite 200 Albugerque 87110

OR

10121 SE Sunnyside Rd, Suite 300 Clackamas 97015

UT

180 N. University Ave, Suite 270, Provo 84601

WA

2018 156TH Ave, N.E. Blvd, Suite 100 Bellevue 98007

WY

242 Liden Street, 1st and 2nd Floor, Fort Collins 80524