FLVS Case Study - Privately Held Real Estate Company

Case Study:

Citrin Cooperman assisted the owner of a university housing complex to quantify economic damages and provide expert witness testimony in a breach of contract dispute with its insurance company. Our work quantified a multi-million-dollar loss related to a fire on the property’s premises by analyzing the accounting and financial documentation to ascertain the business income loss and extra expenses as contemplated in the insurance policy. The work performed, including providing expert testimony, led to a jury verdict in favor of the client on the breach of contract claim allowing the client to recover the business income loss, the replacement cost claim, and consequential damages. After the Court’s initial decision, the case was appealed and ruled on by the United States Court of Appeals.

Client:

Privately Held Real Estate Company

Service Provided:

Financial analyses, economic loss model, expert testimony

How We Help

Citrin Cooperman's Economic Damage Analysis experts work closely with litigation teams to quantify economic damages as a result of wrongful acts. Whether we’re engaged to perform an economic damage calculation or a valuation, our Forensic and Litigation Services team will produce the answers you need, so you can focus on what counts.