Subscribe(Text for those without flash or javascript) Fulcrum's professionals are experienced CPAs, MBAs, ASAs, CFAs, affiliated professors and industry specialists Our expertise encompasses damages analysis, lost profit studies, business and intangible asset valuations, appraisals, fraud investigations, statistics, forensic economic analysis, royalty audits, strategic and market assessments, computer forensics, electronic discovery and analysis of computer data.
Firm Overview Environmental Claims
Environmental claims involve complex damage measures that often include (i) the delay or alteration of real estate development, (ii) appraisal, and (ii) assessment of the possibility of long-term stigma. We also investigate remediation cost claims, which often involve cost auditing, complex cost allocations, and/or assessments of the reasonableness of purchasing decisions.
Representative Projects
On multiple occasions, reviewed the cost reimbursement claims of environmental remediation. Addressed issues such as:
- Where the moneys were actually spent on the clean-up at issue?
- Did the claimant use prudent purchasing practices?
- Were related parties used in the clean-up efforts? Were the costs associated with the related parties equivalent to what could have occurred with unrelated parties?
- What reimbursements are appropriate, if any, for use of internal resources that were devoted from other claimant’s efforts?
On multiple occasions, addressed stigma damages associated with prior environmental clean-up activities. This generally involved gathering market evidence of comparable transactions that were not affected by the prior environmental challenges.
On multiple occasions, calculated damages resulting from delayed real estate development occurring because of the need to first clean-up the underlying land. This necessarily involves reviewing changed market conditions that occurred at the time of the planned and eventual development.
Addressed cost allocation issues between PRPs in a large clean-up allocation. This involved building a large data base of the costs involved, and running alternative algorithms based on (i) date, (ii) location within the larger clean-up zone, and (iii) materials being cleaned-up.
On multiple occasions, calculated damages associated with land subsidence involving allegedly substandard retaining walls, and/or grading and infill in an improper/unsafe manner. This work involves assessing the market value of the real estate at multiple points in time.
Calculated natural resource damage claims associated with a toxic spill.