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Lost Profits, Business Cycles, and the Reasonable Certainty Standard

 Courts standards require that  damages analysis results be within  “reasonable certainty”, and objective  rather than speculative, terms more  of art than of science.  Given these  standards, it is of vital importance to  analyze all relevant factors to the  extent permitted by the best data  available. And it is the responsibilityof the damages expert to present an analysis that is both reasonably certain and objective by making every effort to request and/or research the best data available. The expert who is unable to isolate the wrongdoing from exogenous factors may be challenged on the basis that analysis is speculative.

This article, “Lost Profits, Business Cycles, and the Reasonable Certainty Standard”, appeared in the March 18, 2015 issue of QuickRead.

 
 

NYLJ 2014 Logo

For the fifth year in a row, Marks Paneth LLP has been ranked among the top three forensic accounting providers serving the New York metropolitan area in the New York Law Journal (NYLJ) Annual Reader Rankings Survey.  We are the only major regional firm to be voted among the top three firms in this category in all five years of the survey.

Marks Paneth Press Release

2014 NYLJ Reader Rankings Flyer

 
 
 

Who We Are

We're Marks Paneth, an accounting firm committed to our clients' success. Our priority is to help them make smart decisions at every turn.

As a growing firm – now one of the largest in the New York region – our focus is on giving clients access to the best and most experienced professionals in our industry, regardless of the discipline. Even as we grow, we stick to our culture of personal attention and customized services.

We aim to provide value to our clients throughout the life of the relationship and to maintaining an open dialogue. We expect and encourage ongoing communication about the changing business, tax and financial landscape.

Please click here if you would like contact information for specific Marks Paneth services and industries.