Recording Date: October 20, 2010
Duration: 129 minutes
Self Study/Alternate Format CLE: Self-study credit may be available in your state(s) of license for watching a video or listening to an audio recording. Refer to your state bar’s MCLE guidelines for the number of reportable credits permissible via these formats.
Audio Package $199
Agenda and Speakers
I. The Losses and How to Analyze Them
•The overall methodology and how one goes about measuring lost profits
•Proving prior unreported income – Individual and businesses
•How to assess expenses in relationship to the projection of revenues
•Separating these economic damages from general recessionary income decreases
•Expert interaction: how economists and CPA work together to analyze these losses
•Commercial claims analysis: fishing industries, other product chain participants, etc.
•Special concerns for local retail, service sectors, & rental property businesses
•Reputational damage for local BP business and other oil industry impacts arising out of the spill
•Other potential claimants and analyzing their losses: Government losses (taxes), private property owners and workers
Edward Wolpert, Ph.D., Raffa Consulting Economists, Inc., Orlando
Joe Epps, CPA/CFF/ABV, CFE, CVA, President, EPPS CONSULTING PLLC, Scottsdale
Patrick Gaughan, Ph.D., President, Economatrix Research Associates, Inc., New York
II. Legal Presentation of Business Loss and Working with Experts on Oil Related Claims
•What kind of documents do you need to gather from your clients?
•Case selection: Which cases do you want to keep and why?
•Unique issues for effected industries that have poor paper trails-venue preferences, if any
•What kind of questions do you want to ask your experts and when do you ask them?
•Which evidence is the most compelling to present in these cases?
•Compelling ways to simplify the more complicated evidence
•What documents do you provide in discovery? Present at trial or at settlement? Does it vary?
Kenneth Smith, Esq., Sheller P.C., Philadelphia
Neil Overholtz, Esq., Aylstock, Witkin, Kreis & Overholtz, P.L.C., Pensacola, FL