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High quality and Comprehensible calculation of Economic Losses
Delta Economics LLC offers high quality and comprehensible calculation of economic losses for litigation attorneys within Connecticut, New Jersey, New York, and Pennsylvania. Through the work of out Expert Forensic Economists, our firm seeks to provide substantial value to plaintiff’s attorneys by putting a number to real economic losses beyond those traditionally recovered for medical costs and simple calculations of lost wages. These include professional reports and testimony as to Medical Cost Projections, Life Care Plans, complex calculations of lost past and future earnings, benefits and pension, loss of household services and companionship. In addition, Our firm can promptly deliver expert analysis and calculation of economic damages, reports and testimony in personal injury, wrongful death, wrongful termination and commercial litigation.
The importance of Forensic Economics in New Jersey
In New Jersey, forensic economics is an especially important field because of the state's unique legal system. New Jersey has a "comparative negligence" system, which means that both parties in an accident can be found at fault. This can make it difficult for lawyers to determine how much damages their clients are entitled to. Forensic economists can help lawyers by providing them with expert analysis of the economic damages that their clients have suffered. Forensic economists can use a variety of methods to calculate damages, including lost wages, medical expenses, and pain and suffering.
Economics calculation in case of Wrongful Death
Wrongful death is the death of a person caused by the wrongful act or omission of another person. In New Jersey, wrongful death damages are governed by the Wrongful Death Act, N.J.S.A. 2A:31-1 et seq.
The Wrongful Death Act provides for two types of damages: economic damages and non-economic damages. Economic damages are damages that are designed to compensate the surviving family members for the financial losses that they incurred as a result of the wrongful death. Non-economic damages are damages that are designed to compensate the surviving family members for the pain and suffering that they endured as a result of the wrongful death.