Natural events which results to widespread human and economic loss
Answers
I’m Edward Foster, a forensic economics consultant specializing in loss analysis in civil litigation. I advise both plaintiff and defense attorneys on cases involving personal injury / wrongful death, employment disputes and lost business profits cases.
While the majority of my clients are based in the Midwest, I do work with clients across the country. I have over 40 years of experience testifying on cases involving economic damages. My knowledge of current data, arguments and theories contribute to my effectiveness in discovery depositions.
I’ve assembled a sampling of past cases to give attorneys an idea of the scope and nature of cases I’ve worked on in my career as a forensic economics expert.
Economic Damages Analysis
Providing economic and statistical analysis of damages for plaintiffs and defendants in:
Personal injury / wrongful death
Employment discrimination, wages and hours
Loss of business profits
My Expertise
40 years of forensic economics experience
Past Chair, Department of Economics, University of Minnesota
Ph.D., Economics, from MIT
Publications on economic theory and public policy
Litigation Support
Personal injury
Loss of past earnings and fringe benefits
Present value of loss of future earning capacity and fringe benefits
Present value of lost retirement pensions
Loss of household services, past and future
Present value of future cost for life care plans
Loss of future earning capacity for children and students
Experienced in analysis of losses under union contracts including construction workers, FELA and related maritime cases, nurses, police, postal workers, teachers, truckers
Experienced in analysis of loss of stock options, insurance agents’ earnings, farm earnings, earnings of business owners
Wrongful death
Past and present value of future loss of earnings and fringes, retirement pensions, household services, for circumstances listed above under personal injury
Deduction for decedent’s personal consumption or maintenance
Loss to estate
Employment discrimination, wages and hours
Statistical analysis of employment discrimination claims
Loss of back pay and front pay, including fringe benefits
Loss of present value of future earning capacity
Calculations relevant to punitive damages
Analysis regarding class actions as well as individual plaintiffs
Loss of business profits
Projection of “but for” profits that would have occurred but for claimed tort
Where warranted, adjustment of past profits to account for true economic depreciation of business assets
Past loss and present value of future loss
Calculations relevant to punitive damages
My Services
Depending upon the nature of the case, my clients receive any number of the following services:
preliminary estimates of economic damages
reports for use in negotiation and trial
expert testimony
suggested questions for testimony, if requested
evaluation of adverse economic reports
help in constructing interrogatories and cross examination of opposing experts
I do not delegate analysis to assistants, so every client has my full attention and commitment. I also belong to a national network of experts that I can draw upon for consultation, if needed.
Tornadoes and Severe Storms.
Hurricanes and Tropical Storms.
Floods.
Wildfires.
Earthquakes.
Drought.