Litigative Economics

RRC has extensive experience in assisting attorneys in relating complex legal matters to economic, financial, and statistical evidence. RRC has been successful in the analysis of issues such as contract violations, product liability and warranty, theft of trade secrets, discrimination, monopolization, price-fixing, monopsony purchasing, boycotts, licensing restrictions, and damage theories. Often economic evidence suggests a line of argument, supported by sound economic theory, which narrows
the scope of a case and offers an efficient, effective avenue for successful litigation. 

Product Liability and Warranty

The sale of goods or services can carry an express and implied warranty, a contractual promise, regarding the nature of the product. In a product liability suit based on breach of warranty claims, the plaintiff is asserting that the product failed to live up to the seller's promise. Plaintiffs in implied warranty cases may be asked to show that the product was not merchantable at the time of the sale, that the failure of the product was the proximate cause of the injury, and that notice of the product failure was given to the seller within a reasonable time after discovery of the breach. Defendants are protected by a statute of limitations and the possible defenses of product misuse, assumption of risk, and contributory negligence. Evidence in warranty liability cases is most often gathered through the discovery process and through fact witness depositions.