Know the perils of financial testimony by owners and employees

Description

Abstract: Owners, executives and other key employees sometimes testify in litigation involving lost profits or valuation issues. This article explains how to determine when layperson testimony crosses over into expert witness territory, putting it at risk of being excluded from evidence. It also touches on two cases that illustrate when a company leader’s testimony might be allowed vs. excluded. United States ex rel. Technica, LLC v. Carolina Cas. Ins. Co., No. 08-CV-01673-H (KSC), S.D. Cal., April 11, 2012 Ruhr v. Immtech International, Inc., 570 F.3d 858, 7th Cir., June 30, 2009