News, Events and Insights

RICHARD BERO of The BERO Group,
contributing author to:

Comprehensive Guide to Economic Damages

New Release!
The 7th Edition of the Comprehensive Guide to Economic Damages

Featuring brand new chapters addressing commercial success, economic damages in cryptocurrency, and lost profits analysis in cannabis establishments.

The Comprehensive Guide to Economic Damages, 7th Edition combines the economic expert’s knowledge of damages calculations and methods with legal and case analysis, providing a rich resource for financial experts and attorneys seeking guidance in damages calculations.

The fifty chapters in this new edition offer guidance in financial evidence: how to gather it, interpret it, and tell its story in a lawsuit or litigation setting.

Three new chapters address commercial success, economic damages in cryptocurrency, and lost profits analysis in cannabis establishments.

Beginning with the seventh edition, purchasers will be able to access damages-related case digests sourced from BVR’s extensive digest collection digitally, allowing readers to filter by case type, jurisdiction, and court.

For more information regarding The Comprehensive Guide to Economic Damages, please feel free to contact us.

Ammar Susnerwala Joins The BERO Group

Ammar Susnerwala

July 18, 2022 | NEWS

The BERO Group is excited to welcome Ammar Susnerwala as the newest member of our team. Ammar Susnerwala is a financial analyst at The BERO Group. He received an undergraduate degree in Engineering from the University of Mumbai and a master's degree in Finance from the University of Illinois – Chicago.

Community Support

The 2022 Edition
of the ACFE
Report to the Nations

BVR Damages Guide Insights

Occupational fraud is very likely the most costly and most common form of financial crime in the world. The term occupational fraud refers to frauds that are committed by individuals against the organizations that employ them.

This particular study is unique in that it explores frauds that were investigated during a global pandemic. As such, anti-fraud professionals were challenged to find new and innovative ways to conduct their work. The ACFE study represents the most comprehensive examination available of the costs, methods, victims, and perpetrators of occupational fraud.

In addition, the ACFE report addresses the evolving use of cryptocurrency as a tool used in frauds involving bribery, kickback payments and the conversion of misappropriated assets.


Community Support

The Bero Group is a proud sponsor of the
Milwaukee Young Lawyers Association

The Milwaukee Young Lawyers Association

Community Support

The Bero Group is a proud sponsor of the

Milwaukee Justice Center
12th Annual
Run for Justice

The Milwaukee Justice Center

Wednesday, June 14th, 2023 6:00 p.m.
Veteran's Park, Milwaukee Lakefront
1010 N. Lincoln Memorial Drive, Milwaukee, WI

Join us for the best Run for Justice yet!

This year the Run for Justice is going to be bigger and better than EVER. The best route yet, followed by live music, games, food trucks, desserts and beer.

Milwaukee Justice CenterThe Milwaukee Justice Center (MJC) is a collaborative project between the Milwaukee Bar Association, Milwaukee County, and Marquette University Law School. The underlying philosophy of the project is that self-represented litigants have a fundamental right to access the justice system even if they cannot afford an attorney or do not qualify for legal aid.

The Milwaukee Justice Center utilizes volunteers to address the unmet legal needs of Milwaukee County's low-income unrepresented litigants through court-based programs and legal resources.

Milwaukee Justice Center History

Community Support

The Bero Group is a proud sponsor of
The Eastern District of Wisconsin Bar Association

The Eastern District of Wisconsin Bar Association

The Eastern District of Wisconsin Bar Association (EDWBA) is dedicated to improving the practice of attorneys appearing before the Eastern District, by providing legal education seminars, e-newsletters, and networking opportunities with peers and members of the bench.


The Bero Group is a proud sponsor of the
Milwaukee Bar Association

Milwaukee Bar Association

Established in 1858, the mission of the Milwaukee Bar Association is to be an inclusive, equitable, and diverse organization that serves the interests of the lawyers, judges, and the people of Milwaukee County

Now in Print!

The Litigator's
Damages Blueprint
The Pragmatic Solution

Not a how-to-calculate-damages book, but a process that The BERO Group calls "The Pragmatic Solution" which can help you manage your damages case.

Rick Bero Shares The BERO Group Approach to Litigation

Litigator's Damages BlueprintFrom start to finish, learn to work effectively and efficiently with your damages litigation team. This book will guide you through the steps to achieve success, offering a structure to engage fully with your damages analysis as you move from early preparation up to and through trial.

The Pragmatic Solution method will guide you through your work with your damages expert and help you develop a well-reasoned analysis that aligns with your liability case.

 The Damages Report

Economic Damages

Hire Your Damages Expert Early
(and the Federal Circuit agrees?)

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
January 2022

Just like hiring an architect before you build your new home, hiring a damages expert before you build your case makes sense. It may just provide you and your clients with damages related insights early on that can help guide portions of your case. A recent ruling by the U.S. Court of Appeals for the Federal Circuit (the “Federal Circuit”) may also highlight the importance of doing so.

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Ice Cream

Economic Damages, CPAs and a Bowl of Ice Cream

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
May 2021

The majority of economic damages experts I am aware of are either CPAs or academics.
Why are economic damages experts often CPAs?

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Lost Wages

Why Are Lost Wages Certain?
They Aren’t.

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
April 2021

I remember years ago my first wrongful death, lost wage (w-2 employee wage) claim. The economist quantified lost wages through the Social Security Administration’s retirement age and “discounted” them back to the present using the total offset method.

I understood the concept of the total offset method. What bothered me, however, was the idea that wages, through retirement age, were as certain (riskless) as a U.S. Government Bond.

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Proximate Cause

Proximate Cause, Foundation and Alignment

By Ronald A. Bero, Jr.,
CPA/ABV, CVA, CFF

March 2021

While damage experts are usually aware of connecting damages with proximate cause, I am sometimes surprised by how misguided some experts' understanding of it is. Damage experts and attorneys should know that any claimed damages must be proximately caused by the alleged wrongdoing(s). The concept of proximate cause dates back to at least 1858.

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COVID-19 Sunk Costs

Sunk Costs, Capital Obsolescence and COVID-19

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
January 2021

In the Capitolism Newsletter, I learned that Josh Hawley berated Walmart in a Twitter Tweet: “… for the pathetic wages you pay your workers as you drive mom and pop stores out of business.”

Mr. Hawley is ignoring the concept of sunk costs and perhaps knows most of us forget the concept often… I can’t sell my house – I have too much sunk into it … The “mom and pop stores” are the sunk costs of the populist right. Mom and pop stores equal Capital Obsolescence as spotlighted and amplified by the COVID crisis, the rule of sunk costs dictates, we ignore them and move on.

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COVID-19 damages

COVID-19 Impacts Discount Rates, Which Impacts Some Damage Calculations

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
August 2020

I had a discussion with an attorney recently wherein the topic of COVID-19 and foreseeability arose. In the hypothetical being discussed, the claimed wrongdoing occurred mid-2019 and its economic impact continues today. In mid-2019, COVID-19 was not reasonably foreseeable, so my initial thoughts included the consideration of minimizing or correcting for the COVID-19 economic impact. COVID-19 is novel (you caught the pun there, reader, didn’t you? )

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COVID-19 mask

COVID-19 Impacts Damage Calculations — as may any major macroeconomic factor

By Ronald A. Bero, Jr., CPA/ABV, CVA, CFF
August 2020

I had a discussion with an attorney recently wherein the topic of COVID-19 and foreseeability arose. In the hypothetical being discussed, the claimed wrongdoing occurred mid-2019 and its economic impact continues today. In mid-2019, COVID-19 was not reasonably foreseeable, so my initial thoughts included the consideration of minimizing or correcting for the COVID-19 economic impact. COVID-19 is novel (you caught the pun there, reader, didn’t you? )

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50fish photo

MLC Intellectual Property, LLC v. Micron Technology, Inc.

On June 11, 2020, Jim McGovern, a Senior Director of The BERO Group, along with David Long of Essential Patent LLC, gave a presentation to the IPO Damages Committee. Jim and David discussed damages issues addressed in MLC Intellectual Property, LLC v. Micron Technology, Inc., No. 3:14-cv-03657 (N.D. Cal.), No. 2020-1413 (Fed. Cir.). In 2014, MLC Intellectual Property, LLC (“MLC”) sued Micron Technology Inc. (“Micron”) for patent infringement of U.S. Patent No. 5,764,571 (the “ ‘571 patent”). The ‘571 patent generally related to non-volatile memory devices. MLC alleged that certain Micron flash memory products, that could be used in consumer products including tablet computers, personal music players, smart phones and other wireless devices, infringed the ‘571 patent.

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