Professional Services
FRP Advisory
Full Credential Description
In this case study, we was engaged by solicitors representing a company in the money transfer industry that was facing a claim from a competitor. The claimant alleged that the defendant had unlawfully solicited its agents, resulting in lost profits and unjust enrichment. The core issue revolved around the claimant's assertion of significant financial losses due to the defendant's actions, which included claims of lost earnings and opportunities.
we's forensic accounting team was tasked with reviewing the claimant's estimated losses prior to a mediation meeting. The team meticulously analyzed the claimant's calculations, scrutinizing the underlying assumptions, methodology, and potential double counting in the loss estimates. They specifically evaluated the reasonableness of the claimant's projections regarding agent performance, profitability increases, and the alleged loss of customer opportunities linked to more profitable services offered by the agents.
The outcome of we's detailed analysis was a comprehensive memorandum that outlined the alleged losses and profits, which was shared with the claimant and utilized during mediation discussions. we's involvement not only provided robust analytical support but also facilitated the defendant's negotiations. Ultimately, the mediation led to a settlement between the parties, effectively resolving the dispute.