Members of Anchin, Block & Anchin’s Litigation, Forensic and Valuation Services Group are often called upon to serve as expert witnesses to testify in regards to damages resulting from a liability that caused the damage. Without the causation being proved, damages would not be awarded to the plaintiff.
The Litigation, Forensic and Valuation Services Group of Anchin, Block & Anchin is often retained by counsel to help compute or refute damages allegedly caused by a negligent act or breach of duty. However, in order for there to be damages, the plaintiff must demonstrate that there was a proximate cause between the alleged negligence and the alleged damages.
Raymond Dragon MBA, MS, CPVA, ASA presented at the American Society of Appraiser’s Northern New Jersey Business Valuation Conference: “The provisions of the Tax Cuts and Jobs Act affect the valuation of every company in America. The new law impacts valuation differently by industry; many companies will see increases in value, but certain industries will see declines. Choosing between a C-Corp, S-Corp or LLC has become more complex.”
Members of Anchin Block & Anchin’s Litigation, Forensic and Valuation Services Group often serve as arbitrators in commercial disputes. Sometimes, the claimant in a case will ask for pre-award and/or post-judgment interest in addition to the principal amount of its claim. The arbitrator has to determine if such interest should be awarded and, if so, at what interest rate.
Why do internal controls fail? AnthonyBracco, Partner and Practice Leader ofAnchin'sLitigation, Forensic and Valuation Services Group, discusses recommendations for identifying and correcting weaknesses in organizations.
AnthonyBracco, Partner and Practice Leader ofAnchin'sLitigation, Forensic and Valuation Services Group, offers the top 5 things to think about when developing acybersecuritystrategy to protect a business' assets.
For many attorneys, telling their clients to retain a business valuation (“BV”) expert is an everyday type of event. Estate and gift tax attorneys need credible valuations for gift tax filings, setting up trusts, and other estate planning strategies. For other attorneys, retaining a business valuation expert is only common in certain cases, such as the marital law attorney involved in the divorce of a business owner.
Lost profits (or lost earnings) are economic damages suffered by a plaintiff as the result of a defendant’s harmful act. Economic damages are measured as the earnings the plaintiff would have received had the harmful event not occurred less the earnings the plaintiff actually received or will receive after the harmful act.
The following guidance is intended to provide some clarity in evaluating an expert’s credentials and how they may fit in with a particular area of expertise an attorney requires for a particular matter.