Today, technological advances are made seemingly daily and institutions large and small from governments and Fortune 500 Companies to mom and pop shops are becoming increasingly reliant on technology and in turn increasingly vulnerable. The biggest appeal of technology is that it can make business far more efficient and reduce costs. However, as economists, we […]
Tax ruling confirms protocol on job-related judgments The California Court of Appeal recently confirmed that employment-related settlements or judgments are wages from which employers must withhold payroll taxes. In Cifuentes v. Costco Wholesale Corp., Cifuentes challenged former employer Costco’s withholding of payroll taxes from a wrongful termination judgment. The court ruled in favor of Costco, […]
In many cases, pain and suffering, which is considered non-economic damages, is a significant portion of the total damages. For example, the case of Russell Sheaffer vs. NuCO2* was one where the Plaintiff suffered personal injuries as a result of a motor vehicle incident. In June of 2015, the Plaintiff was awarded over $17 million in damages. […]
There are lawyers that often do not utilize the services of an expert economist, especially when the earnings portion of the case appears cut and dry. Instead, they choose to calculate the damages in-house in the interest of cutting costs. We are going to discuss a hypothetical personal injury case which seems to have a […]
According the US Department of Labor – Wage and Hour Division, in FY 2015, over $246 million in back wages for over 240,000 workers was collected. View full statistics here: https://www.dol.gov/whd/statistics/statstables.htm With the number of Wage & Hour claims increasing, hirings an expert economist to calculate the damages can be a great asset to have in court.