Economic damages are the compensatory losses or gains that experts measure through a comparison of the earnings that occurred after or during the incident or occurrence and the past generated earnings before the incident(s).
Simply put, the purpose for economic damages in litigation is to compensate the harmed party (plaintiff) and the other party would then provide the optimal compensation award to make the harmed party whole from the financial perspective. Majority of economic damage claims involve individual plaintiff claims, and they can arise from employment and non-employment incidents. Examples of individual plaintiff claims include wrongful termination, denial of promotion, personal injury, or wrongful death.
We can help to calculate the economic damages that you may have to pay or be paid.