Tag Archives: lost profits
Accounting Expert Testifies Re: Lost Profits

Accounting Expert Testifies Re: Lost Profits

In Brand Marketing Group, LLC v. Intertek Testing Services, N.A., Inc., the jury found Intertek liable to Brand for negligent misrepresentation and awarded Brand more than $6 million in total damages—$1,045,000 in compensatory and $5 million in punitive damages. Brand relied on an accounting expert witness who testified regarding future lost profits. He testified that the amount that Brand had lost due to Intertek’s misrepresentations was somewhere between $439,000 and $1 million over the next decade. Brand used Intertek in testing its vent free heaters to ensure they met U.S. safety standards. However, sales in the US were halted permanently after Ace Hardware Corp. reported that the Thermablasters did not meet ANSI standard Z.21.11.2b.

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