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Damages - Early Case Assessment

Level: Advanced
Runtime: 60 minutes
Recorded Date: September 13, 2017
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3:30 pm - 4:30 pm
  • Definition of “Damages”
  • Common Causes of Action that Result in “Damages”
  • Step 1: Understand the Legal Standard
  • Economic Framework
  • Step 2: Identify the Proper Approach
  • Lost Profits v. Lost Value
  • Step 3: Review Key Documents
Runtime: 1 hour
Recorded: September 13, 2017
For NY - Difficulty Level: Experienced attorneys only (non-transitional)


Measuring economic damages requires different approaches depending on the facts and circumstances of each case. Identifying the proper approach in the early stages of case assessment is critical to developing effective case strategy. The panel of experts will provide insight on economic damages and ways to assess the case to determine lost profits/value.

This program was recorded on September 13th, 2017.

Provided By

New York Law Journal
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Timothy Vazquez

Senior Technical Claims Specialist
QBE Insurance Group

Tim has over 20 years experience in the legal and insurance industry.

Prior to joining QBE, Tim was an Assistant Vice President at another major insurance company where he specialized in handling Directors and Officers and Financial Institutions claims. Tim had also previously worked as claims counsel for two other major insurance companies, In addition, Tim was previously in private practice where he negotiated settlements of class action insurance claims. While working in the insurance industry, Tim has managed the defense and resolution of complex litigation involving public and private companies, including securities class actions, shareholder derivative litigation, regulatory investigations, and ERISA class actions.

Tim is a graduate of Yale University and Fordham University School of Law.

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Maureen Egan

EisnerAmper, LLP.

Maureen Egan is a Director in the New York Forensic, Litigation and Valuation Services Group. Maureen specializes in complex commercial litigation and forensic investigations.

With more than 20 years of experience, Maureen works closely with clients and their counsel to understand and develop strategies to address complex financial, accounting and economic issues throughout the dispute resolution process. Over the course of her career, Maureen has served as the lead project manager on federal district, bankruptcy, Delaware Chancery and state court matters involving damage claims in the tens and hundreds of millions of dollars, with an emphasis on lost profits, lost value, post-closing purchase price adjustments, insolvency and forensic reconstruction.

Maureen has worked on commercial disputes across a range of industries, including real estate, manufacturing, retail and wholesale product distribution, financial services, construction, law firms and electric utilities. Her experience also includes providing audit and tax services to small and midsized privately held companies in the real estate, manufacturing, distribution and service industries.

Maureen currently serves as a committee member of the New York Chapter of the Women of EisnerAmper.

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Elliott Lee

EisnerAmper, LLP.

Elliott Lee is a Partner in the Forensic, Litigation and Valuation Services Group. He provides litigation consulting and forensic investigative accounting services for civil and criminal cases dealing directly with law firms, insurance companies and in-house counsel.

Elliott has provided legal support services for cases involving individuals as well as small and large companies. His engagements cover a variety of areas, including damage and lost profit analysis, fraud investigations and, most recently, internal control compliance monitoring. Elliott’s past experience spans both public and private accounting, including auditing, merger and acquisition due diligence consulting, and corporate controllership in a large multinational corporation.

After beginning his career with Deloitte & Touche, Elliott went on to serve as a Senior Consultant in the Litigation Department of RSM McGladrey, Inc. and then became a Manager in the Corporate Controllership Department of American Express.

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