Skip to main content

An investment advisor was terminated by their employer (a bank) following identification of certain compliance issues and sued for damages, including for the loss of the value of their book of business. NERA provided an expert report for trial explaining why the plaintiff’s claim for damages was not supported by the required analyses in that it was not based on any appropriate valuation methodology, failed to establish what part, if any, of the claimed diminution in the value of the book of business would have been retained absent the alleged wrongful conduct, and otherwise lacked the required factual support. The case settled on the eve of trial.