Fishman Haygood attorneys Lance McCardle and Lara K. Richards presented at the 2021 Forensic Litigation and Business Valuation Conference in Baton Rouge on October 21, 2021. The annual event was hosted by the Society of Louisiana Certified Public Accountants (“LCPA”).
McCardle and Richards discussed “Calculating Damages in Investment Loss Cases.” Their presentation discussed different types of investment loss cases, including simple negligence cases to outright fraud such as that seen in Ponzi schemes.
The attorneys then detailed four calculations methodologies often utilized in these cases: (1) Benefit of the Bargain; (2) Well-Managed Portfolio, or Market Adjusted Damages; (3) Recession; and (4) Net-out-of-Pocket (“NOP”) Damages. McCardle and Richards highlighted the key strengths/weaknesses of each damages approach, including that defendants almost always argue NOP damages because these are often the lowest measure of damages.
McCardle and Richards regularly represent investors (both individuals and institutions) in claims against their brokers, investment advisors, and/or investment banks in court or in arbitration proceedings administered by the Financial Industry Regulatory Authority (“FINRA”).
Fishman Haygood’s team of investment fraud lawyers represent investors who have suffered investment losses in claims against their brokers or financial advisors and the firms employing/supervising them. If you believe that you may have suffered financial losses due to the misconduct of a financial professional, we may be able to help. Please contact us to discuss your potential claim.