Up North Marina is and has been the only marina on Lake Woodward for the last 20 years. There have been numerous efforts to open other marinas during this time period. Each attempt, however, was unsuccessful. A recent lawsuit was successful in proving liability on the part of Up North Marina management is keeping many of those other marina operations off the lake. The court is now addressing the liability issue in this case.
a. You are the forensic accountant for the plaintiffs in the case. What documents and other information will you seek to compute damages? What will be the basis for you damage estimate? What is your theory of damages, and what are the components of your damage model?
b. You are the forensic accountant for the defendant in the case. What documents and other information will you seek to compute damages? What will be the basis for your damage estimate? What is your theory of damages, and what are the components of your damage model? What are your plans to counter the plaintiffs' damage calculations?