Fully Using the Deposition Process Can Enchance Reliability of Economic Damages Analysis

September 23, 2013

Fully Using the Deposition Process Can Enhance Reliability of Economic Damages Analysis

Critical Information Can Be Gathered During the Deposition to Ensure an Accurate Economic Analysis, According to Marks Paneth Video

NEW YORK, NY--(Marketwired - Sep 23, 2013) - The calculation of damages requires inputs from several sources. Defendants and plaintiffs alike can gain clarity on the individual's economic picture: taking better advantage of the deposition process.

In a video from Marks Paneth , Josefina V. Tranfa-Abboud, Ph.D., Principal in the Litigation and Corporate Financial Advisory Services, explains how both plaintiffs and defendants can use the deposition to...

  • Learn about reasons for fluctuations in income prior to the incident;
  • Gain insight on work-related expenses;
  • Find out about key aspects affecting other categories of damages.

By engaging an economist early in a case and involving her in the preparation for deposition, the discovery process may be enhanced which, in turn, enhances the reliability of the economic damages analysis.

The video can be viewed here: http://www.markspaneth.com/publications/the-deposition-advantage-in-compensating-for-lost-wages.

For more information or to speak with Josefina Tranfa-Abboud, please contact Frank Lentini of Sommerfield Communications, Inc. at (212)2558386 or lentini@sommerfield.com.

About Marks Paneth LLP

Marks Paneth LLP is an accounting firm with over 500 people, of whom nearly 65 are partners and principals. The firm provides public and private businesses with a full range of auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services, and energy clients. The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in Morison International, a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth LLP, whose origins date back to 1907, is the 32nd largest accounting firm in the nation and the 16th largest in the New York area. In addition, readers of the New York Law Journal rank Marks Paneth as one of the area's top forensic accounting firms for the third year in a row.

Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit www.markspaneth.com.

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