• Financial Forensics - QuickPress

    How to Calculate Damages that Can Withstand a Challenge—Fraud Files

    How Can You Defend “Reasonable Certainty”?  Here are Some Tips One of the common issues raised when an expert calculates damages is “reasonable certainty.”  It is not uncommon for opposing counsel to suggest that the expert’s calculated damages are speculative, explain the editors at the Fraud Files blog.   The calculation of damages necessarily requires estimates and assumptions.  Something has happened, and a company or individual is claiming that there are lost profits because of it.  We can never know with complete certainty what revenue or profits would have been if that incident or action had not taken place.  Mathematical precision…