A Review of the U.S. Supreme Court’s Pfeifer Decision for Calculating Personal Damages

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

Program Description
The field of litigation support provides a wide range of options for accounting and financial experts to work. Opportunities abound in the fields of commercial damages, business bankruptcy, and divorce. The one area that provides the greatest opportunity for work is the area of personal damages, which includes calculations for lost earnings, lost earning capacity, lost economic support, lost household services, and the present value of future medical and care costs. For those interested in working in the personal damages area, a review of the U.S. Supreme Courts’ Pfeifer decision provides a great outline as to what the courts expect from an expert’s work. This session will review the Pfeifer decision and a 5th Circuit decision that lays the framework for calculating personal injury and wrongful death losses.

How You Will Benefit
After completing this course, attendees will be able to:

• Analyze the U.S. Supreme Courts' position on calculating lost earning capacity or lost economic support in personal damages cases
• Assemble the Court's opinions into an analysis
• Identify information as to what is understood by the courts regarding these types of calculations
• Construct a report based on the understanding of these decisions
• Calculate the present value of future losses based on one of the three methods discussed in these decisions
• Apply, by a written report or testimony, the methodology and approaches applied when following these decisions

Take Aways
The Pfeifer decision provides the foundational standards for the work performed by a financial or economic expert in personal damages cases. This decision explains the nation's highest Courts' position on calculating damages in personal injury and wrongful death cases. It also discusses the methods to be used in discounting future losses to present value. This session will provide a general overview of important sections of the decision with emphasis on the three discounting methods.

Who Should Attend

Delivery Method Group Internet-Based Program Level Basic Advanced Preparation None Prerequisites Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.   Finance 1 Total CPE Hours   1

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