Economic Damages form Medical Malpractices.
Posted on:12/21/2005
Website: http://www.napil.com
| Economic damages in civil litigation are computed as the financial loss suffered by a person due to the wrongful actions of another person. |
The wrongful action may be either accidental, such as an auto accident, or deliberate, such as wrongful termination or harassment in employment situations. In a court of law, it is often useful for the lawyers for both the plaintiff and the defendant to employ economists to compute the value of the loss. The economists will not evaluate whether the action was wrongful, only how much money is required to return the plaintiff to the fiscal position he or she was in prior to the loss. In such a case, it is incumbent on both economists to fully disclose their methodology and how they reached their conclusions. The finder of fact will choose the result which is most in accord with the preponderance of the evidence, including any testimony given by the economist(s).
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