Fifth Edition

Litigation Services Handbook: The Role of the Financial Expert

Get up to speed quickly on the latest insights by our Fraud Investigation & Dispute Services (FIDS) practice.

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The complexity and global nature of business disputes continue to expand.

As a result, an effective litigation services team is increasingly important for companies and represents a growth opportunity for financial experts.

The Litigation Services Handbook: The Role of the Financial Expert, is the essential guide for any financial expert wanting to prosper in this area and for the litigants who benefit from their efforts.

The book will help you get up to speed quickly on the latest insights by our Fraud Investigation & Dispute Services (FIDS) practice and other industry leaders on:

  • The dispute resolution process
  • Damages theories and models
  • Effective expert reports
  • Data tricks and traps
  • Successful trial preparation and testimony presentation
  • And much more

Litigation Services Handbook: The Role of the Financial Expert, Fifth Edition
Pages: 1152
Publication: August 2012
ISBN: 978-1-1181-1639-5

The handbook is available from and is priced at US$225.

Reflecting the most recent case and statutory law impacting expert witnesses
This fifth edition of the Litigation Services Handbook includes several new chapters, incorporates a fresh look at several chapters by new authors, and continues some of the original chapters, refreshed by the original authors, to reflect current information.

Each of the 39 chapters was authored by accountants, economists and academics who are leaders in their fields and by the litigators who regularly retain them. Together, these chapters explain the financial theory supporting the practical application of accepted methods to litigated issues, and clarify the relevant case law and statutes.

Developing damages theories and models (Chapter 4): This new chapter addresses theories behind damages calculations and how to implement the theories to build a model. It fills a hole in the book, and makes it a more complete work.

Use of statistical sampling in litigation (Chapter 6): This chapter discusses a technique that many courts have begun to recognize as a way to control costs that quickly become prohibitive in large litigations (e.g., product liability, medical billing disputes and commercial damages cases).

Expert analysis of class certification issues (Chapter 13): Recent court decisions related to class actions have emphasized the importance of class certification requirements. This chapter examines how financial experts help to establish or invalidate class certification in cases unrelated to securities class actions.

Economic analysis in securities class certification (Chapter 25): Securities litigation introduces specific analyses regarding class certification, particularly with the question of intraclass conflict. This chapter examines the analyses and Supreme Court decisions related to this issue.

Executive compensation in the litigation setting (Chapter 31): This issue can be the primary focus of litigation or an ancillary question flowing from a larger context of corporate conduct and wrongdoing. This chapter considers the elements of compensation, regulations related to compensation and the challenges that experts face in such matters.

Wage and hour litigation (Chapter 33): The rate of class action claims related to wage and hour disputes has steadily increased over recent years. This chapter discusses misclassification cases, hourly cases and class action certification.

Financial accounting experts in directors’ and officers’ litigation (Chapter 34): Recent high profile cases have provided the catalyst for legislation, regulation and litigation. This chapter discusses the legal standards for corporate governance and the issues that financial experts face in such matters.

Bank failures: regulatory actions and litigation (Chapter 35):  This chapter provides an overview of the 2007-2008 financial crisis that originated in the subprime mortgage market. It also reviews similar litigation that emanated from the savings and loan meltdown of the 1980s.

A dispute resolution primer (Chapter 1) and Serving as a financial expert in litigation (Chapter 2): These two chapters present an overview of the litigation and arbitration environment and the expert’s role in it. They were reorganized for a more logical fit.

Ex Ante versus Ex Post damages calculations (Chapter 5): This chapter has been reorganized with a new section on case law.

Statistical estimation of incremental cost from accounting data (Chapter 7): In addition to heavy revisions of the previous version, the authors have added a lengthy discussion of basic regression analysis.

Business interruption insurance claims (Chapter 11): This chapter received a complete rewrite to include more discussion on the claim development process and litigation related considerations in business interruption. 

Lost earnings of persons (Chapter 12): This chapter was reorganized into a more logical flow. 

Data management (Chapter 14): This chapter has been completely rewritten to reflect the rapid changes in technology for use in litigation. 

Patent infringement damages (Chapter 19): This chapter combines two previous chapters to discuss both older established case law and the refinements introduced by recent court decisions.   

Merger and acquisition transaction disputes (Chapter 21): This chapter has been completely rewritten and includes an extended discussion of the dispute resolution process and the accountant’s role in the various phases. 

The troubled business and bankruptcy (Chapter 22): This chapter rewrite retains the essence of the overview of relevant law while enhancing the focus of the content on bankruptcy work done by financial experts specific to litigation.   

Antitrust (Chapter 26): This chapter rewrite explores the role of financial experts and includes an extended discussion of relevant statutory and case law.

Real estate litigation (Chapter 29): revisions to this chapter include an extensive discussion of the unique issues in damages analysis brought to light in the 2007/2008 economic downturn in the real estate market. 

Financial statement investigations (Chapter 37): This chapter rewrite discusses the elements of fraud, the sources and triggers of investigations, the life cycle of an investigation and recent trends in regulation. 

International investigations (Chapter 38): This chapter rewrite examines logistical planning, the workspace and environment, special concerns related to gathering electronic evidence, how to conduct interviews and how to report the findings for international investigations.

Family law services (Chapter 39): This chapter rewrite presents an overview of the legal process in family law; child and spousal support; character of property; commingling, tracing, and apportionment of property; and business valuation.

Causation issues and expert testimony (Chapter 3)

Econometric analysis (Chapter 8)

Estimating the cost of capital (Chapter 9)

Business valuation (Chapter 10)

Prejudgment interest (Chapter 15)

Punitive damages (Chapter 16)

Tax treatment of damages awards (Chapter 17)

Economic analysis of nonpatent intellectual property rights and damages measures (Chapter 18)

Royalty examinations (Chapter 20)

Merger and acquisition transaction disputes (Chapter 21)

Alter ego (Chapter 23)

Federal securities acts and areas of expert analysis (Chapter 24)

Federal contract disputes (Chapter 27)

Construction claims (Chapter 28)

Accountant liability (Chapter 30)

Employment litigation (Chapter 32)

Tax fraud (Chapter 36)

For more than 20 years, The Litigation Services Handbook, through four previous editions, has offered a comprehensive guide for economists, accountants and litigators involved with the analytic and damages issues in commercial litigation. It has enjoyed critical success as its revised editions served to guide readers and practitioners in the litigation services industry.

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