Materials alone do not qualify for CLE credit.
Materials from live program held on 10/25/2017
Overcoming Challenges in Determining Economic Damages
Patrick Fitzgerald, PH. D., ED. D. J.D
PATRICK W. FITZGERALD IS THE PRESIDENT OF FITZGERALD ECONOMIC AND BUSINESS CONSULTING, LLC AND IS ALSO A PROFESSOR AND ATTORNEY. HE IS A RETIRED FULL PROFESSOR OF FINANCE AND ECONOMICS WITH OKLAHOMA CITY UNIVERSITY AND IS CURRENTLY TEACHING FOR SEVERAL UNIVERSITIES IN OKLAHOMA, TEXAS AND COLORADO. HE HAS PERFORMED LOST EARNINGS, LOST PROFITS AND BUSINESS VALUATIONS FOR BOTH PLAINTIFFS AND DEFENDANTS FOR OVER THIRTY YEARS IN CASES INCLUDING DOMESTIC RELATIONS, COMMERCIAL AND PERSONAL DAMAGES AS WELL AS LIFETIME COST OF CARE AND LOST EARNINGS DUE TO WRONGFUL TERMINATION.
Quantifying Economic Damages • Determining economic damages in employment and personal injury cases • Critiquing and Calculating Economic Damages • Risk and uncertainty in breach of contract, employment and personal injury cases • Simplifying and alternative assumptions
The Role of Market Forces when Considering but-for Scenarios • Challenges facing an economist in breach of contract, wrongful termination, and personal injury cases • How different assumptions can mitigate or exacerbate economic losses
Assessing Economic Damages in Employment Cases • Net earnings in past and future years • Different approaches to calculate economic damages • Key assumptions when performing calculations for work life expectancy, pre- and post-termination earnings, and growth and discount rates
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