A new study from AEG’s Patrick L. Anderson shows AI and machine learning negligence pose serious economic risks. Problems can be identified and mitigated by implementing adequate “AI Audit” protocols. Few businesses are prepared for significant damages due to management complicity with bad AI applications AI Audit methodology proposed to safeguard organizations and individuals, limit […]
A small law firm in Toledo, Ohio retained AEG to calculate economic damages, after a chiropractor invented an orthopedic pillow. The pillow was designed to be placed between a person’s knees while sleeping to reduce back pain. In 2000, n was sued by Banyan Licensing on a claim that they had superior rights to the design through an existing patent.
The suit at hand was a legal malpractice suit where Anderson Economic Group calculated the chiropractor’s lost ability to collect royalty payments from the sale of the orthopedic pillow in the United States.
We prepared an expert report. Patrick Anderson provided deposition testimony about the report. Mr. Anderson also testified in the Court in Toledo. In addition, we provided an analysis of the opposing expert’s report, and questions to be posed to the opposing expert.
After the trial, AEG’s client got a favorable settlement offer.
Anderson, Geckil, Bolema
In this article, the authors use their practical experience in industries in which antitrust issues commonly arise, and their experience in estimating commercial damages in breach-of-contract cases, to examine the issue of properly identifying and estimating antitrust injury.
Patrick L. Anderson
This book is a collection of original articles on recent developments in the rapidly growing field of litigation economics. AEG Principal Patrick L. Anderson contributed “New developments in business valuation.”
Valuations and damages for franchised businesses, disputes between franchisees and franchisors.
This working paper summarizes the economic effects of the 2003 blackout on residents of the United States.