The only book that explains the methodology for measuring lost profits in litigation, fully updated and revised.
Measuring Business Interruption Losses and Other Commercial Damages has been the go-to resource for economists, accountants, and attorneys involved in lawsuits or serving as expert witnesses for nearly two decades. This new edition remains the definitive book in the field, demystifying the complex process of measuring lost profits and damages in litigation. Author Patrick A. Gaughan, a respected economic and financial consultant who specializes in litigated matters, offers authoritative guidance on measuring damages in business interruption and breach of contract cases as well as intellectual property, securities and antitrust lawsuits. Providing a step-by-step framework for determining damages in a range of real-world scenarios, this comprehensive volume covers areas such as equity risk premium analysis, lost revenue projections, cost and profitability analysis, and the economics of punitive damages. A wealth of exhibits, tables, graphs, case studies, and references ensures that readers thoroughly understand each essential topic. Now in its third edition, this market-leading text features new and revised content in every chapter that reflects recent developments in the fields of economics and finance and changes in relevant case law.
Computing damages in business interruption cases requires thorough knowledge of the research and practices in diverse areas of expertise, such as general and forensic accounting, litigation economics, and business law. The third edition of Measuring Business Interruption Losses and Other Commercial Damages provides a detailed methodological framework for measuring lost profits for the purpose of determining damages in business interruption lawsuits and related types of commercial damages. Written by a leading expert in applying economics and finance to litigation, this authoritative volume examines every critical aspect of commercial damages analysis.
Designed for practical use, this volume enables you to quickly find information on a specific topic without needing to read the entire volume—nor does it require that you complete preceding chapters to understand your selected reading. Divided into two parts, the book first provides deep coverage of business interruption damage analysis, including the lost-profits estimation process and time-value of money considerations. Part Two examines intellectual property, securities-related damages, antitrust damages, and various other types of common commercial damages.
Correctly measuring commercial damages involves a broad range of interdisciplinary knowledge. Accountants, for example, will find the book’s economic topics highly useful. Acknowledging that few readers are experts in every discipline, the author provides accessible overviews of specialized topics throughout the text. This book emphasized the important role that economics plays in damages calculations. Experts are given a thorough demonstration of the key roles that macroeconomics, microeconomics and finance plays in commercial damages analysis. This knowledge is invaluable for experts who testify in commercial lawsuits.
Measuring Business Interruption Losses and Other Commercial Damages: An Economic Approach, 3rd Edition is an indispensable resource for anyone working in the field of commercial damages, offering invaluable guidance on the vital economics issues that are relevant to so many different types of cases.