Forensic Economics Blog

Life expectancy is a critical factor in forensic economics that guides damage calculations in various legal disputes. From personal injury to lost business profits, understanding how long an individual might reasonably be expected to live directly informs the scope of...

Determining the value of a misdiagnosis lawsuit is complex, with settlements ranging widely based on factors like medical costs, lost income, and the long-term impact on quality of life. While some cases settle for modest amounts, others have resulted in...

Forensic economists play an important role in legal cases involving complex financial disputes. They clarify economic issues influencing the case's outcome using their expertise in economic damage calculation and explaining financial evidence in ways that judges and...

Economic damages play a critical role in many legal cases, serving as a quantifiable way to compensate plaintiffs for financial losses incurred due to another party's wrongdoing. These damages focus on measurable losses, such as lost wages, medical expenses, and...

Hospital lawsuits are a significant aspect of medical negligence cases, often filed when errors in care lead to long-term injuries or death. These lawsuits typically involve complex financial issues, as plaintiffs and their families seek compensation for the economic...

Harassment can arise in various environments, including workplaces, educational institutions, and online platforms, affecting individuals across different sectors and roles. Forensic economists play a critical role in calculating economic damages in harassment...

Earning potential, also known as earning capacity, is a concept that impacts both individuals and businesses. At The Knowles Group, we specialize in providing expert forensic economic analysis to accurately determine earning potential in various forms. Our economic...

Accurate damage calculations are essential for ensuring fair compensation in negligence cases, which require a thorough analysis of the impact on the plaintiff’s financial situation. Forensic economists play a vital role in this process, utilizing their expertise to...

Understanding dental malpractice claims is important for legal professionals, clients, and healthcare providers. These claims can significantly affect the quality of life for both plaintiffs and defendants, highlighting the importance of resolving malpractice claims...

Understanding the nuances of damages is crucial for all parties involved in civil litigation, such as personal injury cases and medical malpractice cases, whether attorneys crafting legal arguments, plaintiffs seeking compensation, or defendants defending against...

Assault and battery cases, initially criminal, can evolve into civil personal injury settlements. Plaintiffs of assault and battery often endure damages that can be as severe as physical and mental impairments for which they can seek compensation.  The complexities of...

The question of how much the average American earns over a lifetime is not just a matter of curiosity but an essential task required in various legal cases, including wrongful death lawsuits, accident settlements, medical malpractice claims, and more. An individual's...

When a child suffers a birth injury due to medical malpractice or negligence, the parents may have grounds to file a birth injury medical malpractice lawsuit. Forensic economics plays a crucial role in birth injury litigation. As expert forensic economists, The...

The COVID-19 pandemic has brought about unprecedented challenges for the global workforce, leading to a rise in employment discrimination and wrongful termination examples across the country. Given the unusual nature of the COVID pandemic, these cases present unique...

One of the primary damages pursued in business litigation cases is lost profits damages. To recover these damages, the plaintiff must demonstrate how the defendant's actions directly caused those losses. Then, with causation proven, those damages must be quantified...

Lost wages are vital in determining the value of any lawsuit causing lost compensation, such as a personal injury case. Expert forensics must consider a range of variables when calculating lost wages. These variables create complex situations, often requiring the help...

When businesses suffer a disaster such as a fire, flood, or storm, the damages caused can significantly reduce their value. In these unfortunate circumstances, a business owner may need to complete a comprehensive business valuation to determine their company’s...

Many lawsuits, particularly personal injury cases, where the plaintiff suffers severe or permanent injuries, involve lost earning capacity and/or future medical expense damages. When seeking these damages, the plaintiff's legal representation must reduce the amount of...

When an employer hires an employee, salary or hourly wages are often only a portion of the employee’s total compensation package. The rest of the compensation package usually includes additional forms of compensation known as fringe benefits or employee benefits....

As an attorney, having accurate work-life expectancy estimates is crucial for litigation and settlement purposes. It is one of the central figures required to calculate lifetime earnings, earning capacity, and damage totals in many legal cases. This article aims to...

Asbestos is a naturally occurring mineral fiber used for insulation and fireproofing across various industries until the late 1980s. When a person inhales airborne asbestos fibers, they can become lodged in the lungs, which can lead to a variety of health problems....

Household services loss calculations are essential to any personal injury case or wrongful death claim. When an injured or deceased party can no longer contribute to regular household production, they or their family have the right to seek compensation for the cost of...

When a person is subject to unwanted sexual contact or behavior without explicit consent, they may have grounds for a sexual assault claim. While a district attorney can bring criminal charges against the defendant, sexual assault survivors often pursued their claim...

When a doctor diagnoses a medical condition, illness, or injury late and it worsens the condition or causes death, the patient or their family may file a delayed diagnosis medical malpractice claim. However, a diagnostic error in and of itself is not sufficient ground...

Car accidents are the most common cause of personal injury claims in the United States by a significant margin. Nationwide, there are an average of six million car accidents, causing around three million injuries, two million resulting in permanent injuries, and more...

When an employer punishes an employee for asserting their rights against employment discrimination by participating in protected activities defined by the Equal Employment Opportunity Commission (EEOC), the employee may have grounds for a retaliation complaint. If the...

When an employee claims to be the victim of workplace discrimination, they may seek economic, non-economic, and punitive damages to compensate them for the financial losses and emotional distress they claim to have suffered due to discrimination. Calculating these...

When an employee is subject to unwanted sexual advances, comments, actions, or remarks about their gender or sexual orientation at work, they may have a claim for sexual harassment. The subjective nature of sexual harassment claims often makes them unique and...

A premises liability case, or slip and fall case, is a common type of personal injury claim in which an individual falls and sustains injuries on someone else’s property. Damages incurred from slip and fall accidents can range from minor to severe, depending on the...

When an employee experiences a workplace injury or illness, they are entitled to file an injury claim with their employer’s workers’ compensation insurance provider. However, when the employee is unsatisfied with the settlement offered or chooses to forgo a workers’...