Overcoming Challenges in Determining Economic Damages
NOTE: In order to obtain credit for this webcast it MUST be viewed on 10/25/2017 starting at 12 (noon) CST, because this program is being broadcast at that date and time, the credit is considered unlimited (live) credit by OBA/MCLE.
CLE CREDIT: This course has been approved by the Oklahoma Bar Association Mandatory Continuing Legal Education Commission for 1 hour of mandatory CLE credit, including 0 hours of ethics.
TUITION: Registration for the live webcast is $50.
NOTE: This program is NOT approved for Texas credit. The Texas Bar will not permit members to submit online programs for Texas credit.
CHECKPOINTS: This program will contain random checkpoints. In order to submit credit for this program, you must confirm your presence at the checkpoints. If you do not meet the checkpoint requirement you may not receive credit for the live program. The checkpoint submission is entirely dependent on your successful completion of the system check.
NOTE: At the end of the program click on the “Credit Submission Tab” to go to your credit profile and begin the credit submission process. Please remember to submit credit on the day of the event.
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