à-kyə-mən: Our name is derived from the Latin word for 'sharpness, point'. The modern definition is synonymous with discernment and describes a quickness, accuracy, and keenness of judgment or insight, especially in practical matters.

n. Quickness, accuracy, and keenness of judgment or insight.

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FINANCIAL & ECONOMIC DAMAGES

 

Accumyn's financial & economic damages computations are grounded in independent, objective and discerning expert services to businesses, governmental agencies, individuals, and legal counsel. Experts and professional staff are comprised of highly credentialed specialists in financial forensics, economics, statistics, valuation, financial reporting, corporate finance, and engineering disciplines with executive management and operations experience. Our extensive knowledge and experience allows us to develop a logical and defensible determination of damages. Penetrating analysis and in-depth conclusions on assigned matters often involves specialists in areas that cross-cut the issues to develop a complete understanding of the links among damages, causation and liability, ensuring the most comprehensive deliverables.
Case Studies
Analysis of Financial and Economic Damages to Shopping Center Developer

Accumyn determines damages incurred by a shopping center developer resulting from a commercial real estate venture and the anchor tenant's alleged misrepresentation of its intent not to lease.

Analysis of Federal Employee’s Pecuniary Damages from Auto Pedestrian Accident

Accumyn performed a detailed damages analysis related to a personal injury and figured an amount necessary to pay future income taxes on the interest earned from the anticipated damage award.

Sample Engagements

Provided expert report, deposition and trial testimony related to a dispute between a developer of large-scale Class-A residential apartment projects and a subcontractor regarding a construction delay claim and breach of contract for the development of a major 600 unit apartment project. Work performed included quantification of critical path delays, valuation analysis based on the income approach, lost profits analysis based on a delay of apartment rentals and different absorption rates, material and labor cost escalations, unabsorbed home office overhead, and remediation expenses.

Quantified business interruption losses, repair and replacement costs on behalf of a publicly traded REIT stemming from a major fire occurring during the development and construction of a major apartment complex in Ybor City, Florida. Work included quantifying property damage and remediation costs as well as lost rents, additional expenses and out-of-pocket costs during the delay in reconstruction.

Prepared expert report and expert testimony in connection with a claim for lost profits in a dispute between a redeveloper of a large-scale downtown commercial office building and a major international financial institution regarding an alleged breach of an oral agreement to provide additional financing. Work performed included valuation analysis under various rent rate, tenant improvement allowance, and absorption assumptions, an analysis of funding needs for tenant improvement allowances, leasing commission costs, overall central business district demand for office space, and the review and critique of retrospective appraisals under different scenarios.

Provided insurance claims consulting services to a financial institution that suffered extensive property damage at over 50 branch locations, business interruption, and extra expenses as a result of one of the worst hurricanes on record. Services included the documentation and presentation of all claim components to the financial institution's insurance carrier, identification of additional losses, determination of lost income, preparation of advance requests and interim claims, and consultation regarding financial disclosures and proper accounting under Generally Accepted Accounting Principles (GAAP).

Provided expert testimony in connection with damages resulting from the alleged fraud, misrepresentations, and breach of contract from the failure of a software vendor to properly integrate a customer relationship management (CRM) system for a $2.5 billion revenue provider of integrated enterprise communication services. Valuation analysis included projected sales revenue and related costs savings lost from the failure to complete the implementation. Also determined other additional hardware and software license fees and out-of-pocket costs associated with the failed implementation.

Provided expert report and valuation analysis in connection with an alleged breach of fiduciary duty claim involving multi-million dollar losses from hedging oil and gas production with collar and swap derivatives. The claim also involved a shareholder dispute involving the alleged failure to disclose subsequent gains realized in oil and gas holdings by the remaining officers/shareholders after induced liquidations of shareholder convertible and redeemable preferred stock of non-officer/shareholders. Work performed included quantification of post-liquidation gains realized by the officers, valuation of losses resulting from the use of collar and swap energy derivative instruments as compared to using long put options, analysis of exposure to price and volume risk, review of market premiums and extensive Black-Sholes option modeling.

Provided expert report and deposition testimony in connection with a dispute involving alleged defamation, tortuous interference with contract, and business disparagement between two competing solid waste management operations in Texas. Analyzed profitability and incremental costs associated with waste management activities.

Provided expert testimony in connection with a breach of a preferred stock subscription agreement related to a series of large scale corporate mergers and acquisitions contemplated by several public companies in the waste and water industries. Damages analysis included quantification of additional expenditures, lost profits and effect of dilution on stock prices.

Provided expert report, deposition, and trial testimony in connection with the determination of damages including investments, expenditures, commitments, and lost profits that resulted from the termination of an exclusive agreement to distribute medical diagnostic products in Spain and Portugal.

Engaged as the testifying expert and provided expert analysis of financial information related to a dispute between an on-line financial services company and an investment banker regarding equity and debt financing contractual provisions.

Engaged as the testifying expert and prepared analysis of financial information related to a dispute between a publicly traded international agricultural products company and a former CEO regarding the ownership of a foreign subsidiary.

Reviewed the damage claims of an offshore work boat company related to allegations of improper tax accounting advice. Analysis included the financial and historical performance of the company, along with various economic and industry factors affecting its performance. The analysis also included a review of the financial impact resulting from the tax advisory services at issue and a sensitivity analysis of the hypothetical impact of various other tax positions.

Analyzed the alleged lost profits related to the cancellation of a contract to lease two hundred automobiles to a federal agency.

 

OUR SERVICES

Specific financial & economic damage services by Accumyn specialists include:

  • Business interruption/product liability, and complex claims quantification
  • Casualty insurance claims analysis
  • Forecasting and pro-forma financial analysis
  • Dimunition of value analysis
  • Taxation issues and policies
  • Tort damage claims analysis
  • Breach of contract damage claims analysis
  • Forensic analysis of complex financial transactions
  • Losses resulting from fraud and self-dealing
  • Expert reports and testimony