Meeting notes from yesterday's call with Danny Christensen re: expert testimony strategy. Key points:
1. Christensen will testify on signage valuation methodology. Need to prepare him for cross on the willing-buyer framework.
2. Sanli's 18% discount rate is the weakest point in their damages case. Focus MIL on this.
I am a Professor of Economics at the University of Southern California and have served as a consulting and testifying expert in over 60 matters involving economic damages, valuation, and financial analysis. My curriculum vitae is attached as Exhibit 1.
I was retained by counsel for the City of Los Angeles to analyze and evaluate the economic damages claimed by Plaintiff Paramount Contractors & Developers, Inc. in connection with the alleged impairment of signage permit rights.
Based on my analysis, it is my opinion that Plaintiff's claimed damages of $4.2 million are speculative and overstated. Applying standard economic valuation methodologies, I calculate the reasonable economic loss to be approximately $380,000.
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Plaintiff Paramount Contractors & Developers, Inc. respectfully moves this Court for an order excluding the expert testimony and report of Dr. Mehmet Sanli on the grounds that his opinions are unreliable and based on flawed methodology.
Dr. Sanli's methodology suffers from three fundamental defects: (1) he improperly applies a "willing buyer-willing seller" valuation framework; (2) he fails to account for the City's own valuation of the permits; and (3) his discount rate of 18% is unsupported by comparable transaction data.
| Category | Paramount | Sanli |
|---|---|---|
| {cat} | {p} | {s} |
| Total | $4,200,000 | $380,000 |
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