Tag: Fair Market Value
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Insurance Expert Not Allowed to Opine on the Actual Cash Value of the Home
On November 10, 2022, Kenneth and Phyllis Zerr perished in a house fire. Plaintiffs—the Zerrs’ children and Kenneth Zerr’s estate—alleged that the fire was caused by a defective dehumidifier produced by Gree. Defendants sought to call an insurance adjuster, Steven Weitz, to testify as to the value of the home, and its contents, before and…
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Appraisal Expert Allowed to Opine on Just Compensation
This case concerns an alleged taking of nearly eighteen acres of real property within the bounds of the Lafitte Area Independent Levee District (“LAILD”) in Jefferson Parish, Louisiana. CMP owns property within the boundaries of the LAILD in Jefferson Parish. As part of the Rosethorne Basin Lafitte Tidal Protection Levee Project, LAILD entered CMP’s property…
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Business Valuation Expert’s Testimony on Physicians’ Compensation Admitted
Plaintiff State of Washington alleged that Novo Nordisk Inc. (“NNI”) caused physicians to prescribe its drug, NovoSeven®, to Washington hemophilia patients by: (1) promoting it “off-label” for prophylaxis and “high dose” use; (2) paying kickbacks to physicians; and (3) paying bribes to patients, all of which rendered claims to Medicare and Washington Medicaid false. The…
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Real Estate Appraisal Expert Witness’ Fair Market Value Testimony Admitted
Around 6:00 AM on April 16, 2022, a fire largely destroyed a two-story, wood frame house at 408 Oak St. in Saginaw, Michigan (the “Oak Street House”). Plaintiff Raphael Arnett owned the house, and Defendant Allstate Vehicle and Property Insurance Co. insured it. Two days after the fire, Plaintiff filed a claim with Defendant, seeking…
