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Economic Damages

Helping You Handle Economic Damages in Los Angeles

woman getting economic damage assistance in los angelesWhether you're an individual, business owner, or representative for a government agency, we diligently protect you from financial fraud and economic damages. Our team of Certified Public Accountants and Certified Fraud Examiners have the skillset and experience to provide assessments, consultations, and expert witness testimony regarding Los Angeles economic damages in the public and private sectors.

We understand how stressful it can be to manage an unexpected financial challenge and are in your corner to provide the services, support, and resources you need to recover. Since 2013, we've served the Los Angeles community with precision, care, and discretion. Whether you need an accurate valuation of a family business or you suspect you're a victim of financial fraud, our team is here to help. Our range of capabilities allows us to exceed your expectations as we preserve your financial health.

We look forward to exploring your unique case in greater detail, so get in touch with Forensic Accountants & Consultants today to schedule your free initial consultation!

Call: (213) 294-2750 Book a Consultation

What Are Economic Damages?

Economic damages are objectively verifiable, measurable losses that you or your business have suffered. This type of damage serves to reimburse a plaintiff for demonstrable losses caused by injury, fraud, or negligence. The method of calculation to determine the amount of economic damages suffered varies on a case-by-case basis.

For example, if you suffer an injury during a car accident, our team can calculate your expenses from medications, hospital care, doctor visits, lost work wages, and post-treatment checkups. This creates a defensible, accurate depiction of the losses you acquired as a direct result of the accident. Our process would look quite different for assessing the economic damages your business suffers due to a supply chain interruption. In that case, we would calculate what your company's anticipated profits would have been over the impacted period using prior financial statements and detailed projections.

You can trust that our team performs thorough research into the circumstances of your case so that we can take the most effective approach. Our driving goal is to create an accurate assessment of your economic damages, so you can be fairly compensated for the circumstances outside of your control.

Assessing Commercial Economic Damages

economic damage expert in los angeles helping a clientA number of situations may arise that lead to commercial economic damages for your Los Angeles business. Our forensic accountants craft and implement a damages analysis that explores the facts of the situation. Using our investigative techniques and advanced accounting technologies, we're able to carefully carry out a comprehensive evaluation. We painstakingly document our findings and are prepared to present our conclusions in public court or through private arbitration. Our team can assist you with economic damages associated with:

  • Business Interruptions
  • Breaches of contract
  • Management Negligence
  • Unfair Competition
  • Deceptive Trade Practices
  • Infringement of Intellectual Property (IP)
  • Employment Discrimination
  • Buy/Sell Agreements

Evaluating Economic Damages in Shareholder Disputes

Shareholder disputes may arise unexpectedly due to differences in opinion over a business' operations, management, objectives, or finances. Disputes may occur amongst shareholders or between the company's executives and a group of shareholders. Since the shareholders have already invested a portion of their own money into the business, a shareholder dispute may quickly escalate. We dive into the data to uncover the financial facts of the situation and work towards an effective resolution.

Depending on the nature of the specific case and allegations, we may be called upon to perform a business valuation, review a company's entity selection, analyze the equity balance recorded in financial statements, or check received distributions. By bringing in our forensic accountants, it's often possible to reach a fair settlement before the dispute goes to court.

Reviewing the Impact of a Prolonged or Contentious Divorce

los angeles economic damages expert and client signing documentsWe understand how emotionally draining and stressful it can be to navigate the divorce process. Our team is prepared to provide fair, unbiased financial capabilities to help both parties achieve their goals. Whether you choose to pursue a traditional divorce or a collaborative divorce, we're ready to help. We have extensive experience in asset tracing, business valuations, lifestyle analysis, and forensic investigations. You can trust that we put in the time and resources to understand the dynamics of your situation and adjust our approach accordingly.

Addressing Economic Damages in Government Contracting

Even a well-prepared government contract can lead to unexpected losses over time. Our team is prepared to help your government agency in Los Angeles with accumulated economic damages. We can evaluate and provide expert witness testimony for economic damages caused by:

  • Scope Creep: This situation arises when a customer gradually begins to request work not specified in the original task order, contract, or subsequent modifications. This can lead to a loss of profits due to additional materials required, time allocated, and additional direct costs. We analyze your financial data to determine the amount of money lost through unapproved changes to the team's workload and provide expert witness testimony on our findings.
  • Subcontractor Disputes With Their Prime Contractor: This form of dispute may arise when a subcontractor feels they have not been given the amount of work promised in the contract performance phase. Our team calculates lost profits based on the work promised but not granted.
  • Delays: A substantial delay caused by prime contractors, subcontractors, or other government entities can result in lost profits. Even though the project may not be running, costs continue to accumulate in the form of benefits, payroll, and operating expenses. We evaluate the impact of these economic damages on your Los Angeles agency to help you reimburse your losses.

Efficiently Quantifying Los Angeles Economic Damages

We understand how challenging it is to balance your day-to-day affairs and finances. If you find yourself struggling with economic damages, ourLos Angeles  team of forensic accountants is prepared to quantify your losses and help you reclaim them. Call Forensic Accountants & Consultants today to set up your free initial consultation!

Call: (213) 294-2750 Book a Consultation

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