Economics

Show Me The Records!

Plaintiff had claimed economic losses due to an exposure to carbon monoxide during a stay at defendant’s hotel. Plaintiff, a foreign national resident in the UK, was involved in business ventures in many different countries and industries. Plaintiff claimed damages were related to lost profit from various contracts entered into by plaintiff and the inability to pursue similar contracts due to health issues experienced after the exposure to carbon monoxide.

After a review of records including contracts, testimony, legal filings and affidavits from certain parties to contracts which Plaintiff was a party to, it was determined that:

  • The estimates prepared by Plaintiff were not supported by tax returns or any contemporaneously prepared records;
  • The plaintiff’s expert economic report was based entirely on unsupported amounts provided by plaintiff and statistics;
  • No bank records, checks, accounting records or financial statements were provided to support Plaintiff’s claims;
  • No support was provided for any expenses incurred for any contracts;
  • No evidence was provided indicating amount actually received from any contracts before or after exposure.

Any claim must be supported by business records. If the claims cannot be corroborated by actual records, the claims correlated by actual records – the claims of the Plaintiff – are speculative. Based on records provided, no damage could be calculated to a reasonable degree of certainty.

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