PLAY RECORDING

Broadcast Date: Tuesday, November 12, 2024
from 12:00 pm to 1:00 pm (ET)

Overview:

Accurate calculation and effective recovery of lost profit damages are crucial for businesses to mitigate financial losses resulting from project delays or disruptions.

Join Gregory Smith of Berkeley Research Group, LLC and Jack Roberts of Charles River Associates as they provide a comprehensive guide to mastering the art of demonstrating and recouping lost profit damages, offering practical insights and strategies to enhance accuracy and effectiveness in calculating and recovering lost profits.

Key Topics to be Discussed:

  • Best Practices in Calculating Lost Profits
  • Risks and Challenges
  • Lost Profit Damages
  • Notable Court Cases

Learning Objectives:

  • Identify best practices in calculating lost profit damages to enhance accuracy and reliability.
  • Understand the risks and challenges associated with lost profit calculations and how to mitigate them.
  • Analyze the various types of lost profit damages and their implications for businesses facing project delays.
  • Examine notable court cases related to lost profit damages to gain insights into effective legal strategies and outcomes

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast

 

NASBA Field of Study:

Accounting – Technical

 

Prerequisite:

General knowledge of lost profit damages

 

Course Code:

1411030

 

Total Credit:

 

CPE Credit:

1.0 CPE (Not eligible for QAS (On-demand) CPE credit)

 

CLE Credit:

CA CLE 1.00 General - Approved Until: 11/12/2026

PA CLE 1.00 General - Approved Until: 11/12/2026

VT CLE 1:00 General - Approved Until: 12/31/2025

NJ CLE 1:00 General - Credits through Reciprocity

NY CLE 1:00 Areas of Professional Practice - Credits through Reciprocity

AR CLE 1:00 General - Credits through Reciprocity

CT CLE 1:00 General - Credits through Reciprocity

NH CLE 1.00 General – Meets the requirements of NH Supreme Court Rule 53

MO CLE 1.00 General - Approved Until: 11/12/2024

TN CLE 1.00 General - Approved Until: 11/12/2025

WI CLE 1.00 General - Approved Until: 12/31/2025

 

Pending CLE Application:

MS, GA

 

Self-Apply:

AL, CO, DE, FL, ID, IN, IO, KS, KY, LA, NC, ME, MN, MT, NE, NV, NM, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY

 

If you’d like us to apply for CLE, you may opt to pay the CLE processing fee here.

 

No MCLE Requirements:

DC, MD, MA, MI, SD

 

Not Eligible for CLE:

AK, AZ, HA, IL

Speaker Panel:

Gregory Smith , Managing Director
Berkeley Research Group, LLC 

Greg Smith has more than 30 years of experience assisting clients by providing rigorous financial and economic analyses relating to quantifying damages in commercial disputes. Mr. Smith has performed such studies in over 200 matters covering technologies from a wide range of industries, including computer equipment and software, telecommunications, healthcare, automotive, financial services, and retail and consumer products. In the litigation context, Mr. Smith has testified in federal and state courts and in arbitration. He has testified on lost profits, reasonable royalties, infringer’s profits, the valuation of businesses and/or business assets, and the forensic analysis of business records and operations.

Mr. Smith holds a Master of Business Administration degree from the University of Maryland and a Bachelor of Arts degree in economics from the University of Virginia. He has published articles, been a frequent speaker in seminars before professional groups, and is the co-author of a leading treatise on intellectual property damages. Mr. Smith is a Certified Public Accountant, a Master Analyst in Financial Forensics, and a Chartered Global Management Accountant.

Jack Roberts, Associate Principal
Charles River Associates

Jack Roberts is an Associate Principal in the Intellectual Property Practice at Charles River Associates. Mr. Roberts specializes in the analysis of damages and valuation issues in complex commercial litigation with an emphasis on matters involving intellectual property rights.  His experience includes a broad range of disputes, including patent and trademark infringement, trade secret misappropriation, copyright infringement, unfair competition, breach of contract and other types of disputes.

Agenda:

Gregory Smith, Managing Director

Berkeley Research Group, LLC

and

Jack Roberts, Associate Principal

Charles River Associates

  • Compensatory damages framework
  • Types of cases in which lost profits may be an available remedy
  • Entitlement to lost profits damages (contractual and economic considerations)
  • “Reasonable Certainty” standard
  • 3 methods for determining lost revenue
  • Calculating damages from lost profits (focusing on incremental costs)
  • Future lost profits
  • Risk factors
  • Sources of evidence/relevant financial discovery

Date & Time:

Tuesday, November 12, 2024

12:00 pm to 1:00 pm (ET)

Who Should Attend:

  • Commercial Litigation Lawyers
  • Corporate Lawyers
  • General/In-house Counsel
  • Forensic Accountants
  • Internal Auditors
  • Chief Executive Officers
  • Chief Financial Officers
  • Business Valuation Professionals
  • Consultants

SPEAKERS

Gregory Smith 
Gregory Smith Managing Director
Berkeley Research Group, LLC 
Jack Roberts
Jack RobertsAssociate Principal
Charles River Associates

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