647 claims totaling more than $250 million
Veritas analyzed more than 600 business income loss claims from all types of businesses alleged to have been directly impacted by Gulf-area pollution. Veritas utilized industry-specific economic research from markets around the globe and dug deep into accounting records to refine issues, supply fair and reasonable values, and segregate poor economic performance from other adverse economic factors.
Some claims were reasonable; others were not. Veritas Associates helped ask the relevant key questions along the way, focusing on key economic factors and bringing into focus the fair and reasonable losses connected with the liability issues.