In finance, several unforeseen issues may arise and lead to lawsuits. Due to its volatility, finance leads to a variety of mishaps such as theft and fraud. Whether you own a bank or other major institution, you may be facing litigation. In cases like these, a financial expert witness can be of great help. Finance expert witnesses can testify on your behalf and argue your litigation case.
Many financial expert witnesses have backgrounds as Certified Public Accountants (CPAs). This experience shows their expertise in providing financial services and thus, qualifies them as suitable to testify as an expert witness in financial litigation cases. In addition to specializing in banking, financial expert witnesses also specialize in real estate.
Financial expert witnesses have deep knowledge and understanding of financial issues. As a result, they’re able to educate attorneys and the court on the financial aspects of a case. This is key during evidence gathering, trial preparations, mediation and in court at trial. The expert will not only understand certain financial issues, but he or she will be able to communicate them clearly and in language that’s easy for laymen to understand.
When it comes to bringing cases to court, not all of them will win. There will be many factors that can affect your case. Your financial expert witness should be able to explain and identify potential weaknesses in the case, questions they may face on the stand and liability and damage theories. Your expert witness will ensure that you clearly understand the basis of their conclusion before trial. This is essential for preventing mishaps or surprises when you bring your case before the court.
Financial expert witnesses cover a wide range of financial areas. This versatility is what makes them so useful in financial litigation cases.