MERLE F. DIMBATH, Ph.D.
| P.O. Box 2910 | Phone:(772) 463-4682 |
| Stuart, Florida 34995 | Fax: (772) 463-1557 |
| dimbathm@bellsouth.net |
Analysis of Lost Earning Capacity
Personal injury cases require a detailed examination of the subject's pre-accident
employment and the economic factors that would likely influence the income during future
years. Post accident prospects must also be carefully considered. Collaboration with a
vocational or rehabilitation expert is often involved. In death cases, the personal
consumption requirement and savings of the subject are important considerations in
estimating the value of the lost support to the survivors. The value of lost fringe
benefits are often important matters in both injury and death cases. We can help by
analyzing the numerous items of personal information, tax returns, vocational reports, and
industry and government data to develop objective estimates of lost earnings or support
reduced to present value.
Net Accumulation to the
Estate
This is an economic loss that arises in most wrongful death cases. In situations where
there are no survivors, this may be the only element of economic loss. Future income
growth, personal consumption, savings rates, and returns on investments are all factor-s
that must be considered. We can help whether your subject was young with limited income or
a highly paid corporate executive.
Medical and
Rehabilitation Expenses
Lost earnings usually end upon assumed retirement. But medical expenses may continue to
the end of life expectancy. These expenses include medicine, physician services, special
equipment, pain clinic, various therapies, and sometimes custodial care. We are
experienced in all aspects of medical care expense projections including the prescriptions
and programs set forth in detailed life care plans prepared by the rehabilitation expert.
We can help by preparing the present value e, mates for the medical care portion of your
case.
Analysis of Lost Business
Profits
A business may suffer losses as a result of the death or injury of a key person. Or the
loss may arise from the breach of contract or illegal act by another. Whatever the
situation, analysis of lost profits is a special case that requires careful analysis of
company, market and industry factors. Our research library and data base compiled over
many years plus of experience in analyzing a wide variety of businesses enables us to help
you in that difficult business loss case.
Analysis of Opposition's Claim
An important part of our work, particularly for defense attorneys, is the critical review
and analysis of the economic loss claim of the opposition. Differences in income base,
growth rate and discount rate can significantly influence the final present value figures.
An assessment of the reasonableness of the opposition's claim may also help in pre-trial
settlement negotiations. We are some- times retained, without being listed as a witness,
to pro- vide forensic economic consulting services: in preparation for trial. We can help
before your case goes to court.
The Value of Household
Services
The services provided by individuals for themselves and their households add greatly to
their economic well being. The loss of the household services provided by a family member
could cause significant economic loss. The valuation of household services requires the
conversion of income 'in kind' to its market equivalent 'in cash.' We can help by
developing economic values for lost house- hold services.
Expert Witness
The ultimate test of the forensic economist is courtroom testimony. Dr. Dimbath has years
of experience as a university professor, television and radio personality, and expert
witness in state and federal courts. Testimony regarding economic
damages is presented by a confident, credible and persuasive witness. Each courtroom
testimony is supported by clear and interesting visual aids. His extensive litigation
experience means that he has probably worked on cases similar to yours in the past.