KW Economics prepares economic damages analyses for wrongful termination cases venued in Illinois: the components the loss claim consists of, the records that drive them, and a present value built to Illinois's damages rules and venues. Plaintiff and defense.
A wrongful termination economic claim measures what the employee lost when the employment ended, as back pay, front pay, and lost benefits, and how much of that loss has been or should be replaced by other work. Read the full wrongful termination analysis guide.
Illinois courts ask whether the methodology behind an expert opinion is generally accepted in the relevant professional community, and separately whether the economist is qualified by training and experience and applied the method to the facts of the case. Forensic economic methods for lost earnings, worklife, and present value are published and long used, so the examination usually turns on the inputs and their support in the record.
Highest court: Illinois Supreme Court. Federal venues: N.D. Ill., C.D. Ill., S.D. Ill. Court system: illinoiscourts.gov.
Illinois reduces a negligence-based award by the plaintiff's share of fault and bars recovery once that share exceeds half. Prejudgment interest on a personal injury or wrongful death award runs from the filing of the action, and interest on a written instrument or a liquidated contract sum runs at the statutory rate from the date it was due. Economic damages are not subject to a general statutory limit, so the report states each loss as of a fixed date and separates past from future amounts so the interest computation can follow.
The same four steps apply to a wrongful termination case venued in Illinois; the damages framework above decides which components enter the total.
Wrongful Termination cases venued in Illinois are heard in the Circuit Court (General jurisdiction; 25 judicial circuits across the state, including the Circuit Court of Cook County). Final appeals run to the Illinois Supreme Court. Matters within federal jurisdiction proceed in the United States District Courts for the Northern District of Illinois, Central District of Illinois, and Southern District of Illinois.
Illinois reduces a negligence-based award by the plaintiff's share of fault and bars recovery once that share exceeds half. Prejudgment interest on a personal injury or wrongful death award runs from the filing of the action, and interest on a written instrument or a liquidated contract sum runs at the statutory rate from the date it was due. Economic damages are not subject to a general statutory limit, so the report states each loss as of a fixed date and separates past from future amounts so the interest computation can follow. Illinois courts ask whether the methodology behind an expert opinion is generally accepted in the relevant professional community, and separately whether the economist is qualified by training and experience and applied the method to the facts of the case. Forensic economic methods for lost earnings, worklife, and present value are published and long used, so the examination usually turns on the inputs and their support in the record.
Request a consultation on wrongful termination cases in Illinois or call (201) 343-0700. Plaintiff and defense counsel.