Expert’s ‘Judgment’ in Selecting Growth Rate Needs Proof of Guiding Principles

Business Valuation UpdateVol. 17 No. 8
Legal and Court Case Update
August 2011
6300 Insurance carriers
524126 Direct Property and Casualty Insurance Carriers
economic damages & lost profits
calculating damages, expert testimony, economic damages & lost profits, forensic accounting, rule 702, growth rate, business interruption loss

Manpower, Inc. v. Insurance Co. of Pennsylvania (II)
2011 U.S. Dist. LEXIS 39285; 2011 WL 1356945
April 11, 2011
US
Federal Court
Wisconsin
United States District Court
Eric Sullivan
Adelman

Summary

Court declines to reconsider Daubert ruling, finding the expert failed to support his selection of the growth rate in lost profits calculations with reliable, guiding principles.

See Also

Manpower, Inc. v. Insurance Co. of Pennsylvania (II)

Court declines to reconsider Daubert ruling, finding the expert failed to support his selection of the growth rate in lost profits calculations with reliable, guiding principles.