The Supreme Court of the State of New York Cites GEC's Expert Research and Methodology As Basis for Ruling on Economic Claim
The Supreme Court of the State of New York - New York County ruled that The GEC Group's economic analysis was correctly founded on industry data in line with and specific to plaintiff's claim that an injury caused him to lose employment and earnings as a cement and concrete laborer. The court noted that The GEC Group appropriately considered "data published by Local 18A and the District Council of Cement and Concrete Workers in New York City" to measure future earnings. The court further noted that plaintiff's claim is at odds with the industry data presented by GEC, and in particular that the works hours and earnings claimed by plaintiff are "rare and fail to take into account the downtime during an employee's work life."
In contrast, the court ruled that plaintiff's claim, as presented by plaintiff's economist, was speculative and unsupported by industry data that was presented by The GEC Group.
The court awarded the economic damages calculated by GEC.
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