Performing Credible Lost Profits Analyses

Performing Credible Lost Profits Analyses

The fifth edition of The Comprehensive Guide to Economic Damages was recently released, featuring a chapter co-authored by MPI’s Jim O’Brien (CPA, CFF) on Performing Credible Lost Profits Analyses.

With 30 years of expertise in forensic and financial consulting and accounting services, Jim specializes in investigative services that are generally related to the reconstruction of financial activity involving fraudulent financial transactions. He uses financial statements, tax returns, general ledgers and original books of entry, relevant contracts and agreements as well as industry data to carry out thorough financial and forensic analyses.

The Comprehensive Guide to Economic Damages, Fifth Edition bridges the gap between the economics in damages cases and what the courts say about the calculations and evidentiary requirements. Written from the perspectives of financial experts and attorneys, the guide blends the financial expert’s mastery of accepted methods and procedures with the attorney’s expertise in legal issues, while providing in-depth analysis and interpretation of the continually expanding body of case law.

With 43 chapters and over 300 court case digests, the guide provides the most comprehensive analysis of any damages text available. 

Highlights of the new edition include:

  • A knowledge base that allows for a better working relationship between a financial expert and the attorney–Experts are most beneficial to attorneys when they’re well-informed about damage remedies and the context in which they are calculated. When an expert is more knowledgeable, he or she can be more valuable to the attorney in terms of the various options for remedies, given a particular context
  • Comprehensive materials on a variety of damages measures including:
    • Measurements on lost profits or value
    • Unjust enrichment
    • Intellectual property damages
    • Other commercial damages
    • Expanded content on personal injury and wrongful termination
  • In-depth analysis—This guide includes expanded analysis of motions to exclude experts and a review of the concept of reasonable certainty, based on significant research on the topic
  • A comprehensive reference to case law – Interprets what the courts have accepted as evidence for damages claims and what the courts have rejected and why.

To read an excerpt from the book, click here.

To order a copy, click here.

About MPI

MPI, a prestigious national consulting firm founded in 1939, specializes in business valuation, forensic accounting, litigation support and corporate advisory work. MPI provides fairness opinions, sell-side and buy-side advisory services through its investment banking affiliate MPI Securities, Inc. MPI conducts every project as if it is going to face the highest level of scrutiny, and its senior professionals have extensive experience presenting and defending work product in front of financial statement auditors, management teams, corporate boards and fiduciaries, the IRS, other government agencies, and in various courts.