Overview
Economic damages calculations are a critical part of almost every litigation. Because businesses come in all different shapes, sizes, structures, and industries, a damages expert in business litigation must be able to learn quickly about new products, markets, competitors, and financial dynamics. Further, because the alleged wrongdoing may involve many different types of claims, an expert must be able to identify and apply appropriate damages methodologies in a flexible and case-specific fashion. Success in commercial litigation requires that damages be quantified using reliable and rigorous methods, and that they be presented and articulated in clear and convincing fashion for clients, judges, and juries.

Our Capabilities
Cirque Analytics helps clients who are, or may become, involved in any type of litigation. Our services span all phases of litigation, including strategic consulting before litigation commences, assisting with discovery and document review, affirmative and rebuttal damages analysis and quantification, affirmative and rebuttal expert testimony in deposition and trial, and conducting post-trial analysis of interest and special damages.
Our experts are routinely retained by both plaintiffs and defendants to consult on matters in scores of industries and product markets. Using economic, statistical, and financial tools and methods, we provide sophisticated and reliable damages analyses that meet the scientific and legal standards required to hold up to intense scrutiny in court, while also being custom tailored to the unique facts of each case. The Cirque team of experts includes current and former academics that appreciate and thrive in presenting complex analysis and opinions in a clear and concise manner.
Cirque Analytics by the Numbers
Testimonies in deposition or trial.
With deposition and trial testimony experience.
Petabytes of data used for litigation and insights.
Collective years experience consulting.
Areas of Expertise & Focus
Damages Analysis
Cirque Analytics’ experts bring precision, credibility, and a deep understanding of the financial and economic principles that can make or break your damages case. Proving financial harm—whether from a breached contract, antitrust violation, misappropriated intellectual property, or unfair competition—requires analysis that meets both professional economic and legal standards to turn messy real-world disputes into defensible numbers that hold up in court and withstand scrutiny from opposing experts.
We work closely with our clients to understand the facts of the case, the products or services at issue, and the competitive marketplace in which the alleged wrongdoing took place. Using a combination of economic research, case-specific evidence, and decades of experience, Cirque Analytics then develops reliable models that quantify damages in a way judges and jurors can understand at trial.
Class Actions & Mass Torts
Cirque Analytics has extensive experience in quantifying damages for large group litigation, such as class actions and mass torts, especially in the areas of antitrust, labor, personal injury, data privcacy, and consumer fraud.
A class action is a case in which similar claims are bundled together into a single case. Conducting damages analysis in class actions requires economists to estimate the collective harm suffered by a group—such as consumers overcharged by a cartel, or workers underpaid by a monopsonistic employer. Damages analysis in a class action necessarily involves proving that a defendant’s actions had “common impact” on the class as a whole. To demonstrate common impact, a damages expert must successfully navigate the unique challenges of scale and legal scrutiny.
Mass torts typically involve many individual lawsuits related to a defendant’s alleged bad acts, such as toxic spills or drug side effects, where the severity of varies significantly across those impacted. Cirque Analytics has provided analysis and testimony related to individual claimant’s damages in numerous mass torts, including in “bellwether” trials.
Due to the scale and nature of these cases, mass torts and class actions often involve large and varied databases, lengthy timelines, and complex damages theories. Cirque Analytics possesses the eocnomic and technical expertise, as well as the data processing capabilities, required to provide efficient, timely, and critical damages analysis in these cases.
Unfair Competition
Unfair competition includes any of a variety of business practices that are deceptive, unethical, or otherwise harmful to competition or consumers in ways that violate legal or economic standards. Unfair competition can take many forms in a variety of legal areas, including *Trademark infringement: Using a competitor’s brand or logo to confuse consumers.
- False advertising: Misrepresenting products or services to gain an edge.
- Price fixing or predatory pricing: Colluding with others to set prices or undercutting competitors with unsustainably low prices to drive them out of the market.
- Trade secret theft: Stealing proprietary information to gain an advantage.
Assessing damages related to unfair competition depend on the jurisdiction, as different federal and state laws that may be applicable in a given case. However, most unfair competition claims will necessarily involve comparing financial and competitive outcomes in the actual world with those that would have taken place but-for the alleged wrongdoing. Damages in these cases typically take the form of either lost profits or disgorgement of ill-gotten gains (i.e., the profits a defendant earned through its unfair practices). Cirque Analytics routinely employs the best tools and techniques for quantifying damages in these matters, including financial data analysis, econometric modeling, and benchmarking. Cirque Analytics is also often asked to evaluate claims of mitigation, cost avoidance, and corrective advertising in connection with unfairm competition.
Breach of Contract
In lawsuits involving alleged breach of contract—meaning one party is accused of failing to fulfill its obligations—economists are often called upon to quantify the financial harm suffered by the non-breaching party. The economist’s role and responsibility is to provide a rigorous, evidence-based estimate of damages, which they may later present as expert testimony in court. Many of the cases Cirque Analytics’ experts are retained on involve claims of breached contracts. To assess damages appropriately, we work closely with our clients to understand the contractual terms at issue, the products or services involved, the competitive marketplace in which the parties operate, and the relevant financial outcomes–revenues, costs, and profits. Where necessary, we assist the client in preparing and producing the information necessary to conduct our analysis. With the appropriate information, we investigate the outcomes of the actual world and construct a model of the “but-for world”–the world that would have existed without the alleged wrongdoing. By comparing these two worlds, we can quantify the financial impact, or damages, associated with the alleged wrongdoing.
The difficulty in estimating damages from a breach of contract depends greatly on a number of factors, especially the availability of reliable information and data. Cirque Analytics is frequently asked to consult on matters where financial outcomes are far from certain, such as in the case of startup firms, new ventures for existing firms, or even just the development of a new line of products or services. Businesses involved in such litigation can save considerable time and expense by retaining an economist early in the process to help identify the information that is available and necessary to conduct a reliable damages analysis.
Intellectual Property
Commercial litigation frequently relates to intellectual property (IP)—patents, trademarks, copyrights, and trade secrets—and involve complex financial and market dynamics that require specialized economic expertise to evaluate damages. Retaining an economist in such cases is critical because they bring analytical rigor, economic theory, and data-driven methods to quantify the harm caused by IP infringement or misappropriation. While economic and financial expertise is critical, an expert must also know how to appropriately apply such tools and methods within the legal arena, where caselaw, acceptable methods, and available remedies vary across jurisdictions and types of alleged wrongdoing.
The experts at Cirque Analytics have consulted on scores of matters at the intersection of intellectual property and unfair competition, and bring a wealth of experience, economic expertise, and court-approved testimony to the table.
False Advertising
In false advertising lawsuits, economic damages aim to compensate a plaintiff—typically a competitor or consumer—for financial harm caused by a defendant’s deceptive, misleading, or unfair marketing claims. These cases often arise under the federal Lanham Act, but may also fall under different state consumer protection statutes. Notably, false advertising cases may involve a single plaintiff–such as a competitor who lost sales or market share due to false claims–or many individuals, such as a class of consumers who were misled by inaccurate labels or broader advertising campaigns. Businesses utilize a variety of advertising forms, such as online ads, search engine keywords, billboards, print media, television commercials, and more. Because different marketing mechanisms have different reaches and influence, a reliable analysis of damages in false advertising cases also requires an understanding of the nature of the marketplace, the products or services at issue, and most importantly, how the audience receives the false messages.
At Cirque Analytics, we are experienced in both developing sound theories and models of economic damages, and also in rebutting poorly-constructed and one-size-fits-all methodologies from opposing experts. We routinely evaluate false advertising damages in the form of lost profits, unjust enrichment, corrective advertising, and cost avoidance. We have given expert testimony in scores of cases in federal and state courts, and in a broad range of product and service markets.
Confidential Consulting
While most of Cirque’s clients are actively engaged in litigation, we are also frequently retained to perform confidential consulting outside of litigation. Retaining an economist or data consultant outside of litigation can provide significant strategic and financial benefits for businesses, individuals, or other organizations. In many cases, Cirque is retained to help evaluate practices and assess risk in anticipation of potential litigation. For example, firms in certain industries often face allegations that late fees (for unpaid rent, bills, etc…) are excessive. Anticipating such a possibility, firms have retained Cirque to conduct analysis of their late fee policies, including the size of the fees, analysis of fees in comparable industries, and the collection costs the fees are meant to cover. Similarly, in a labor context, Cirque Analytics is frequently retained to conduct rigorous statistical analysis of a firm’s hiring, firing, promotion, and compensation decisions to help firms understand thir own practices, reduce risk, and avoid costly ligitation. Cirque Analytics possesses not only the financial and statistical tools for conducting such an investigation, it also has the litigation-driven expertise to understand and quantify a client’s potential damages should litigation become a reality.
Meet Our Commercial Disputes Experts
Russell W. Mangum III, Ph.D.
Dr. Mangum has over 30 years of experience in economic analysis, research, and teaching. His consulting practice centers on…
Chen Song, Ph.D., CFA
Dr. Song is an economist, CFA charter holder, and expert witness. Dr. Song holds a Ph.D. in economics from the…
D. Scott Bosworth, M.S., CFA
Scott Bosworth has 17 years of experience as both a testifying expert and a consulting expert in a broad…
Eric Matolo, Ph.D.
Dr. Matolo specializes in economic analysis of complex business matters. He is a consulting and testifying expert and conducts…
Peter Rybolt, M.B.A.
Mr. Rybolt has nearly 20 years’ experience in economic research and analysis. He specializes in loss modeling and damages…
Suzanne Heinemann, CPA
Ms. Heinemann has 30 years of experience in the field of economic damages, forensic accounting and business valuation. She…
Eric T. Steinmann, M.S.
Eric Steinmann has worked as a consultant conducting economic and statistical analysis on many prominent litigations and business engagements.…
Maggie Herrington, M.A.
Maggie Herrington has over ten years of experience working with testifying experts to analyze markets and assess damages in…
Ram Tamara, Ph.D.
I am an applied economist with 25 years of international consulting experience in litigation and dispute resolution, policy research,…
Kevin Flannery, B.S.E., M.B.A.
Kevin has over a decade of experience analyzing data and has a background in business and engineering. He has…
Eric Goldstein, B.S.
Eric Goldstein has ten years of experience providing economic and data analysis in support of litigation. He has worked…
Erick Delgado, M.S.
Erick Delgado has over a decade of experience providing economic and statistical analysis in support of litigation. Erick has…
Josh Brown, M.S.
Josh Brown has over ten years of experience in economic consulting. He is currently a Manager at Cirque Analytics.…
Cris de Brey, M.A.
Cris de Brey has over ten years of experience conducting economic and statistical analysis in support of prominent litigations…
Robert Macdonald, Ph.D.
Dr. MacDonald earned his Ph.D. in Economics from the University of California, Irvine. He has extensive experience in a…
Priyanka Singh, M.B.A
Priyanka Singh has experience in pricing strategy and economic consulting, with a background spanning the payments industry and complex litigation…

















