Calculating Lost Profit Damages: Best Strategies in 2020
Lost profits are one of the most important factors of a plaintiff's claim. It is also among the most challenging types of damages to prove and is often vulnerable to attacks. As complex changes on the regulatory landscape occur, calculating and proving lost profits have become necessities that business owners must understand.
However, choosing the best strategy depends upon the facts and circumstances of each emerging case. Thus, it is imperative to have a deep repertoire of strategies in order to have the upper hand in these types of cases.
Join financial experts Krishnan Ramadas (Berkeley Research Group) and Ilan Guedj (Bates White) as they provide the audience with an in-depth analysis of lost profit damages. They will also discuss the best strategies in calculating and proving lost profits considering notable cases and recent updates.
Key Topics Include:
- Lost Profit Damages – What You Need To Know
- Recent Trends and Notable Cases
- Helpful Strategies in Calculating Lost Profits
- Risks and Challenges
Berkeley Research Group, LLC
- Overview of lost profits damages
- Elements of and calculation of lost profits
- Challenges in measuring lost profits
- Lost Profits in Patent Infringement – Seminal Cases
- Recent noteworthy case decisions
Who Should Attend:
- Litigation Attorneys
- Damage Experts
- General Counsel
- Forensic Accountants
- Business Executives
Krishnan Ramadas is a Certified Management Accountant (CMA) with over 14 years of experience in the areas of financial/economic analyses and damages assessment in complex business disputes. He has significant expertise in evaluating lost profits, reasonable royalties, unjust enrichment, and price erosion, among other forms of damages, in a litigation setting. Mr. Ramadas has also assisted clients with pre-litigation licensing strategy and with the monetary aspect of settlement discussions. His primary focus areas include intellectual property matters (such as patent, copyright, and trademark infringement as well as misappropriation of trade secrets lawsuits) and commercial damages matters (such as breach of contract cases).
Mr. Ramadas has experience working in a diverse range of industries, with a strong focus on consumer electronics products (such as smartphones, televisions, and computers) as well as pharmaceutical products and medical devices. He has extensive knowledge of apportionment issues involved in calculating damages on multi-feature products. He is familiar with the dynamics created when evaluating damages in the context of fair, reasonable, and nondiscriminatory (FRAND) licensing, patent pools, and standard-setting organizations. His additional industry experience includes aerospace, automotive, biometrics, semiconductors, software, and telecommunications.
Krishnan Ramadas is a Certified Management Accountant (CMA) with over 14 years of experience in the areas of financial/economic analyses …
Ilan Guedj is a Principal at Bates White, a leading provider of economic, financial, and statistical analyses that inform the advice and expert testimony it offers clients. Dr. Guedj has testified on matters relating to various financial instruments and investments, as well as on the risk level of those instruments. In his role as an economics and finance expert, Dr. Guedj conducts quantitative analyses such as sampling and extrapolation, causation and liability, and damages estimation. He focuses on litigation in the financial industry, including stock drops, ERISA matters, and commercial disputes. Dr. Guedj has also served as a consulting expert on antitrust litigations involving financial products and institutions, such as the LIBOR litigation. Prior to Bates White, he was involved in damages and liability estimation in mass tort cases such as the PB oil spill.
Dr. Guedj was an Assistant Professor of Finance at the University of Texas in Austin and received his PhD in Financial Economics from the Massachusetts Institute of Technology.
Ilan Guedj is a Principal at Bates White, a leading provider of economic, financial, and statistical analyses that inform the …
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Method of Presentation:
On-demand Webcast; Group-Internet Based
General knowledge of commercial litigation
NASBA Field of Study:
Accounting - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Berkeley Research Group, LLC
Berkeley Research Group, LLC (BRG) is a global consulting firm that helps leading organizations advance in three key areas: disputes and investigations, corporate finance, and strategy and operations. Headquartered in California with offices around the world, we are an integrated group of experts, industry leaders, academics, data scientists, and professionals working beyond borders and disciplines. We harness our collective expertise to deliver the inspired insights and practical strategies our clients need to stay ahead of what’s next.
About Bates White
Bates White is an economic consulting firm that provides advanced, empirically-based economic, financial, and econometric analysis to law firms, corporations, and government agencies. We advise clients on litigation, case development and strategy, assessing and analyzing the relative strengths of economic arguments, and determining optimal strategies for discovery, motions, trial preparations, and settlement.