Forensic Economics

As defined by National Association of Forensic Economics Board of Directors, Forensic Economics is the scientific discipline that applies economic theories and methods to the issue of pecuniary damages as specified by case law and legislative codes. Topics within forensic economics include:

• the analysis of claims involving persons, workers, firms, or markets for evidence concerning damage liability;
• the calculation of damages in personal and commercial litigation; and,
• the development and use of generally accepted forensic economic methodologies and principles.

Commercial Litigation

Economatrix Research Associates, Inc. evaluates losses of corporations in litigation matters. These include lost profits in cases such as business interruption and intellectual property matters. Our firm and Dr. Gaughan, our president, pride themselves that our publications have formed an important part of the basis for the methodologies n the field of commercial damages.

Personal Injury & Wrongful Death Litigation

Dr. Gaughan has extensively studied an analyzed the economics of punitive damages as it relates to corporations. He is capable of understanding the various effects, such as adverse spillover effect, that such damages can have. His approach is to provide important background information from the fields of economics and finance that judges and juries may find helpful in forming a more complete understanding of the ramifications of a punitive verdict.

Industry Analysis & Punitive Damages

Dr. Gaughan and, Economatrix Research Associates, Inc. has done extensive analysis of many industries including the

• Tobacco Industry
• Pharmaceutical Industry
• Insurance Industry

Each of these industries has its own unique economic and regulatory issues which affect the economic effect of punitive damages different. Dr. Gaughan can explain these effects so that judges and juries have a more complete picture of the economics of the industry prior to rendering a punitive verdict.

Intellectual Property Litigation

Economatrix Research Associates, Inc. evaluates losses in patent, copyright and trade secret litigation. Our firm provides relevant measures of damages including lost profits or reasonable royalties depending on the facts and circumstances of the case. We have developed peer-reviewed methodologies for certain types of trade secrets matters including those which result in a loss of customers such as trade secret cases.

Business Valuations

Economatrix Research Associates, Inc. values businesses for a variety of purposes including sale of a business, shareholder disputes, matrimonial and employee stock ownership plan valuations. Our valuation work is applied to both public and closely held companies.

Critical Examination of Opposing Expert Reports

Our firm provides detailed critiques of opposing damages expert reports. We analyze such reports to determine the areas where damages may be measured inaccurately or arrived at using an inappropriate methodology. We can formulate detailed lines of cross-examination designed to expose the speculate methodologies or inaccurate loss measures.