Failure to Test Causation Narrative Clouds Analysis of Lost Profits
Court strikes parts of lost profits opinion, finding expert adopted plaintiff’s causation theory, “pinning the company’s overall financial performance” on defendants’ allegedly defective crane without offering supporting data or methodology to test theory ...
Am. Aerial Servs. v. Terex United States
Court strikes parts of lost profits opinion, finding expert adopted plaintiff’s causation theory, “pinning the company’s overall financial performance” on defendants’ allegedly defective crane without offering supporting data or methodology to test theory ...
Seatrax, Inc. v. Sonabeck International, Inc.
The Fifth Circuit affirmed the district court's decision excluding Seatrax's damages expert under Daubert and Kumho Tire. It concluded this expert, an industry expert without any formal accounting training, could not testify regarding profit margins in m ...
Formal Accounting Training Required for Testimony Regarding Profits
The Fifth Circuit affirmed the district court's decision excluding Seatrax's damages expert under Daubert and Kumho Tire. It concluded this expert, an industry expert without any formal accounting training, could not testify regarding profit margins in m ...