FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`PLAINTIFF'S
`EXCHANGE
`TO C.P.L.R.3101(d)
`
`EXPERT
`PURSUANT
`
`Index
`
`No.:
`
`150366/2011
`
`OF THE STATE
`COURT
`SUPREME
`OF NEW YORK
`COUNTY
`---------------------------------------------------X
`YVETTE
`
`MAHON,
`
`OF NEW YORK
`
`Plaintiff(s),
`
`-against-
`
`DAVID
`
`ELLIS
`
`REAL
`
`ESTATE,
`
`L.P.,
`
`Defendant(s).
`
`-----------------------------------------------------X
`
`DAVID
`
`ELLIS
`
`REAL
`
`ESTATE,
`
`L.P.,
`
`Third-Party
`
`Plaintiff,
`
`-against-
`
`BLUE WATER
`
`BLUE WATER
`
`GRILL,
`
`GRILL,
`
`B R GUEST,
`
`INC.,
`
`d/b/a
`
`SPH RESTAURANT
`
`ENTERPRISES,
`AND HEARTLAND
`
`INC.,
`
`d/b/a
`
`BLUE WATER
`
`GRILL
`
`BREWERY,
`
`INC.
`
`Third-Party
`
`Defendant.
`
`DAVID
`
`ELLIS
`
`REAL
`
`ESTATE,
`
`L.P.
`
`Second
`
`Third-Party
`
`Plaintiff,
`
`-against-
`
`B.R.
`
`GUEST,
`
`LLC,
`
`SPH ENTERPRISES
`
`UNION
`
`SQUARE
`
`WEST,
`
`LLC d/b/a
`
`31
`
`INC.,
`BLUE WATER
`
`GRILL
`
`AND UNION
`
`SQUARE
`
`CAFÉ
`
`CORP.,
`
`1 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Second
`
`Third-Party
`
`Defendants
`
`USC OPERATING
`
`COMPANY,
`
`LLC d/b/a UNION
`
`SQUARE
`
`CAFÉ,
`
`Third-Third
`
`Party
`
`Plaintiff,
`
`-against-
`
`HEARTLAND
`
`BREWERY,
`
`INC.
`
`Third
`
`Third-Party
`
`Defendant.
`
`Plaintiff(s),
`
`by his
`
`attorneys,
`
`GOLDSTEIN
`
`& HANDWERKER,
`
`L.L.P.,
`
`as and
`
`for
`
`their
`
`response
`
`to Defendant's
`
`demand
`
`for
`
`expert
`
`witness
`
`information,
`
`state(s)
`
`as follows:
`
`1.
`
`Plaintiff(s)
`
`intend(s)
`
`to call
`
`THOMAS
`
`RONEY.,
`
`whose
`
`address
`
`is, 3333
`
`Lee
`
`Parkway,
`
`Suite
`
`Dallas,
`
`TX 75219,
`
`as an expert
`
`witness
`
`at
`
`the
`
`time
`
`of
`
`trial.
`
`600,
`
`Mr.
`
`Roney
`
`will
`
`testify
`
`as an Economic
`
`Expert
`
`in this matter.
`
`The
`
`report
`
`of Plaintiffs
`
`expert
`
`witness
`
`THOMAS
`
`RONEY
`
`is dated
`
`November
`
`12,
`
`2.
`
`3.
`
`2018.
`
`4.
`
`Plaintiff's
`
`expert
`
`will
`
`testify
`
`consistent
`
`with
`
`his
`
`attached
`
`report
`
`that
`
`due
`
`to the
`
`accident
`
`Plaintiff
`
`suffered
`
`economic
`
`losses
`
`of $1,168,995.00,
`
`which
`
`is the
`
`value
`
`of
`
`the past
`
`and
`
`future
`
`loss
`
`of earnings
`
`and
`
`benefits.
`
`5.
`
`The
`
`expert's
`
`Cirriculum
`
`Vitae
`
`is attached.
`
`2
`
`2 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Dated:
`
`NEW YORK, NEW YORK
`November
`13, 2018
`
`Yours
`
`et
`
`,
`
`GOLDSTEIN
`STEVEN
`& HANDWERKER,
`GOLDSTEIN
`for Plaintiff(s)
`Attorneys
`280 Madison
`Avenue,
`New York,
`New York
`679-1330
`(212)
`
`Suite
`10016
`
`1202
`
`To: EUSTACE
`TO:
`For BR GUEST,
`Attys.
`SQWARE WESTLLC
`28th
`55 Water
`Street,
`New York,
`New York
`
`LLC,
`d/b/a
`Floor
`10041
`
`MARQUEZ
`EPSTEIN
`SPH RESTAURANT
`BLUE WATER
`GRILL
`
`& YAPCHANYK
`PREZIOSO
`ENTERPRISESINC.
`And
`
`L.L.P.
`
`31 UNION
`
`GERARD
`PEISNER
`for DAVID
`Attys.
`225
`Broadway,
`New York,
`
`GIRSH,
`REAL
`ELLIS
`Suite
`New York
`
`2199
`10007
`
`LLP
`
`ESTATE,
`
`L.P.
`
`MILLER
`PILLINGER
`TARALLO,
`SQUARE
`for UNION
`CAFÉ
`Attys.
`Taxter
`Road
`N.Y.
`
`555
`
`Elmsford,
`
`10523
`
`LLP
`
`CORP.,
`
`TURPIN
`CARTAFALSA,
`SLATTERY,
`BREWERY
`for HEARTLAND
`Attys.
`28th
`165 Broadway,
`New York,
`
`New York
`
`10006
`
`FlOOr
`
`& LENOFF
`
`3
`
`3 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Thomas
`Economic
`
`Roney
`Consulting
`
`LLC
`
`3333 Lee Parkway, Suite 600 Dallas, Texas 75219 Dallas: 214 665-9458 Houston 713 513-7113
`
`Assessment
`
`of Economic
`
`Loss
`
`in the Matter
`
`of
`
`Yvette
`
`Mahon
`
`November
`
`12, 2018
`
`for
`is intended
`This report
`of
`this report
`is prohibited
`
`the use of counsel
`without
`the written
`
`in the instant matter. Any other
`transmission,
`consent of Thomas Roney LLC.
`
`copy, or utilization
`
`I, Thomas Roney, am a consulting
`I have included
`of Thomas Roney LLC.
`I am president
`a copy
`economist.
`resume and list of recent
`of my current
`with this report.
`the economic
`testimonies
`I was retained to determine
`damages suffered
`by Yvette Mahon.
`
`appropriate
`and undertake
`perform calculations,
`certain
`I was asked to analyze
`as I
`research,
`documents,
`I performed
`in connection
`to form opinions
`with this matter. The work
`and the opinions
`deemed necessary
`I
`have formed
`are based on my training
`and experience
`as a forensic
`economist.
`
`fee of $1,000. Any future work on this case including
`is for a flat
`on this report
`Billing
`is not contingent
`is at the rate of $360 per hour. Payment
`for my services
`testimony
`results ofthis matter.
`
`a deposition
`and court
`upon my findings
`or the
`
`as well as the basis for my opinions,
`or supplement my opinions,
`to modify
`I reserve the right
`based on the
`of
`that either party or its
`data, proof and other evidence
`or testimony
`nature and content
`the documentation,
`experts may present, or based on additional
`information
`or other
`to me in this matter.
`provided
`I
`discovery
`reserve the right
`to supplernent
`and revise this report
`upon presentation
`of, but not
`limited
`to, additional,
`relevant
`expert witness
`and information.
`reports, exhibits
`depositions,
`
`I have prepared this report summarizing
`at this time. A list of
`my opinions
`in forming my opinions
`is attached to this report or included
`by reference
`
`the documents
`in the report.
`
`that
`
`I have reviewed
`
`Prepared
`
`and submitted
`
`by:
`
`Thomas M. Roney
`President
`Thomas Roney, LLC
`
`4 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`Introduction
`
`and
`
`Backfround
`
`report
`
`This
`March
`31,
`Commercial
`was
`born
`
`assesses
`201 l.
`Credit
`on January
`
`loss
`the economic
`of
`of
`date
`As
`the
`Officer
`and Business
`1, 1963.
`
`to Yvette
`the
`injury,
`Banker
`
`Mahon
`Ms.
`
`and arising
`Mahon
`
`by Citigroup
`
`from her
`injury
`was
`employed
`in New York,
`
`NY.
`
`on
`a
`as
`She
`
`According
`of
`the injury.
`and health
`
`to Ms. Mahon's
`She has some
`license.
`insurance
`
`2011
`college
`She
`
`tax
`
`return,
`experience
`is single
`
`in New York, NY as of
`she resided
`the date
`6, 63 and
`a FINRA
`Series
`holds
`life
`and
`and has no minor
`children.
`
`economic
`loss
`The
`employer-sponsored
`and
`Plan
`Care
`prepared
`Life
`LAC of
`the Deutsch,
`for
`a homemaker.
`in this
`services
`
`Tremp
`For
`this
`report.
`
`and
`of past
`the
`considers
`calculation
`loss
`report
`a separate
`I prepared
`benefits.
`for Ms. Mahon
`P. Tremp,
`by Robert
`& Tremp,
`LLC on August
`30, 2018,
`I do
`not
`include
`a calculation
`reason,
`
`future
`
`earning
`capacity
`the value
`of a
`
`CRC,
`CLCP,
`a cost
`includes
`lost
`household
`
`assessing
`Jr., MA,
`which
`of
`
`based my opinions
`I have
`information
`become
`available,
`economic
`loss
`of earning
`(loss
`
`this
`at
`information
`on the
`time.
`available
`I reserve
`the right
`to update my report.
`and
`totals
`$1,168,995.
`benefits)
`
`capacity
`
`Should
`The
`
`additional
`value
`of
`
`the
`
`Life
`
`Expectancy
`
`life
`statistical
`from her age at
`function
`life
`Life
`the
`is
`
`Ms. Mahon's
`calculated
`her
`full
`
`Healthy
`source
`Reports.
`
`expectancy
`2014
`Expectancy,
`United
`States
`Life
`
`Tables,
`Tables,
`
`expectancy
`of
`the date
`injury
`is to age
`
`life
`on the
`based
`expectancy
`of 48.2
`is to age 83.2,
`in August
`2042,
`according
`2017.
`Kansas,
`Mission,
`from
`the National
`Vital
`
`79.7,
`Shawnee
`
`2014,
`
`of a female
`in March
`
`and
`and
`2046,
`in
`to data
`The
`data
`Statistics
`
`2
`
`5 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`Life Expectancy for plaintiff
`Table 3: Life table for females: United States
`Expectancy Data Healthy Life Expectancy: 2014 Tables. Shawnee Mission, Kansas, 2017.
`
`Life Expectancy,
`
`48
`48.24
`49
`
`35.19
`34.97
`34.29
`
`Full
`
`Expectancy*,
`FFLE
`31.6
`31.41
`30.82
`
`Date of Injury
`(from 'Basic
`info')
`Actual
`3/31/2011
`
`LE
`
`FFLE
`
`Actual
`3/19/2046
`83.2
`
`Actual
`8/27/2042
`79.7
`
`Work
`
`Life
`
`status
`active
`
`in the
`in the
`female
`with
`Markov
`
`a
`
`Skoog,
`by Gary
`Vol.
`22, No.
`2,
`continuous
`work,
`June
`of 2025.
`At
`that
`date,
`Mahon'
`to Ms.
`
`Shape,
`Tendency,
`and
`James
`Ciecka,
`pp.
`165-229
`2011,
`one would
`expect
`she would
`work
`life
`
`education
`is determined
`life
`Work
`level,
`activity
`by
`(WLE)
`expectancy
`the damages
`at
`age 48.24
`was
`age and sex. Ms. Mahon
`labor market,
`date;
`The WLE of a 48.24-year-old
`and
`some
`labor market;
`had
`experience.
`college
`with
`level
`in the
`labor
`is 14.19
`this
`education
`active
`years,
`market)
`(initially
`6.32
`information
`is
`derived
`from
`"The
`standard
`deviation
`of
`This
`years.
`Model
`of Labor
`Force
`Extended
`Tables
`of Central
`Process
`Activity:
`Errors"
`Percentile
`and Bootstrap
`Standard
`Points,
`Kurt
`of
`Journal
`Forensic
`Krueger,
`Economics,
`in 2011).
`these
`(published
`and assuming
`data
`Using
`until
`Ms. Mahon
`to be active
`in the
`labor market
`62.43.
`be age
`calculated
`I have
`of earning
`loss
`the
`at age 62.43.
`
`capacity
`
`expectancy
`
`3
`
`6 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`Table
`
`23.
`
`Initially
`
`Active Women
`
`with
`
`Some College,
`
`No Degree
`
`Age (At DOI)
`48
`
`48.24
`49
`
`Injury
`
`Worklife
`
`Expectancy
`14.37
`
`14.19
`
`13. 65
`
`Worklife
`
`Expectancy
`Ends
`
`SD
`
`6.35
`
`6.32
`
`6.21
`
`Estimated
`
`62.37
`
`62.44
`
`62.65
`
`25%
`
`9.5
`
`9.5
`
`9.5
`
`75%
`
`18.5
`
`18.3
`
`17.5
`
`Lower
`
`Bound
`
`Upper
`
`Bo u n d
`
`3/31/2011
`
`6/7/2025
`
`50% range
`
`around
`
`57.7
`
`66.5_
`
`At age
`
`62.43
`
`WLE
`
`Note
`years
`
`her more
`that
`or between
`
`likely
`and
`57.7
`
`than
`66.5
`
`not work
`years
`
`life
`of age.
`
`expectancy
`
`falls
`
`between
`
`9.5 and
`
`18.3
`
`Growth
`
`of Earnings
`
`(see
`research
`and
`Data
`1979
`between
`Wages
`4-year
`without
`(those
`show that
`or higher),
`degree
`are increasing
`
`for
`and
`college
`over
`the
`at about
`
`of
`
`in the Distribution
`"Changes
`example,
`2009"
`for
`growth
`for wage
`by the CBO),
`and
`skilled
`workers
`(those
`degrees)
`long-term
`female
`for workers
`earnings
`in Consumer
`the rate
`inflation
`(growth
`
`of Workers'
`less skilled
`with
`a 4-year
`without
`Price
`
`Hourly
`workers
`degree
`a college
`Index).
`
`1.5% in 2013,
`2.1% in 2012,
`increased
`Price
`The Consumer
`Index
`by
`(CPI)
`and 2.1% in 2017.
`to increase
`It
`is projected
`1.3% in 2016
`2014.
`0.1% in 2015,
`and by 2.4% in 2023-2028
`in 2018,
`by 2.2% in 2019,
`by 2.5% in 2020-2022,
`Table
`The
`Year-by-Year
`Forecast
`and
`Update
`to
`7, An
`Projections,
`The Congress
`Economic
`Outlook:
`Years
`2018
`to 2028,
`August
`2018,
`Congressional
`Budget
`Ofñce.
`
`1.6% in
`by 2.5%
`per CBO's
`Budget
`and
`the United
`
`of
`
`States,
`
`the Social
`of
`ofthe
`The Office
`Actuary
`in
`covered
`expected
`of
`forecast
`wages
`of
`of Trustees
`Report
`the Board
`Annuai
`and
`Federal
`Insurance
`forecast
`CPI
`is
`likely)
`intermediate
`forecast
`are projected
`by 3.80%
`
`the
`
`Disability
`for
`(most
`likely)
`to increase
`
`(OASDI)
`to
`projected
`for
`average
`in 2026-2091.
`
`Administration
`Security
`the
`employment
`in
`ofthe
`Federal
`Old Age
`Trust
`Funds".
`increase
`annual
`
`publishes
`
`a long-range
`titled
`"2017
`Insurance
`(most
`The
`
`economy,
`and Survivors
`The
`intermediate
`in
`2.6%
`2026-2091.
`in covered
`employment
`
`by
`wages
`
`Data
`
`City
`
`from the Bureau
`- White
`
`Plains,
`
`of Labor
`NY-NJ
`
`Statistics
`Metropolitan
`
`for median
`Division
`
`earnings
`labor
`
`in the New York-
`market
`show
`
`that
`
`Jersey
`Loan
`
`4
`
`7 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Officers'
`
`2017.
`
`median
`
`wages
`
`have
`
`increased
`
`by an average
`
`of 0.3% per
`
`year
`
`from
`
`2013
`
`to
`
`Yvette
`
`Mahon
`
`and Wage Estimates
`
`OES Data
`Statistics
`Bureau of Labor Statistics, Occupational
`Employment
`Employment
`Occupational
`and Nonmetropolitan
`May Metropolitan
`New York -Jersey City -White
`Division
`Plains, NY-NJ Metropolitan
`National Employment
`Statistics
`9220
`Employment
`Loan Officers
`Occupation Code:
`http://www,bls.gov/oes/
`
`13-2072
`
`(2017)
`
`Year
`
`2013
`2014
`2015
`2016
`2017
`
`_Median
`
`% Change
`
`$46.38
`$44.90
`$42.77
`$42.83
`$46.60
`
`-3.2%
`-4.7%
`0.1%
`8.8%
`
`Average Annual
`
`Increase 2012-2017:
`
`0.3%
`
`earnings
`
`provided
`
`also
`I was
`Administration's
`(SSA)
`Please
`the
`table
`below.
`earnings
`are provided
`that
`for
`taxable
`year
`2009
`and
`Service
`Transcript
`Account
`lists
`$40,478
`as Ms. Mahon's
`Transcript
`earnings
`suggests
`earnings.
`To maintain
`consistency,
`throughout
`the calculations.
`
`Mahon's
`with
`the
`from
`Mr.
`history
`the SSA
`of
`web
`earnings
`The
`site.
`summary
`are
`there
`note
`inconsistencies
`some
`that
`Revenue
`to me and the Internal
`Service
`provided
`to me. As
`the
`2010
`$60,973
`as the total
`lists
`total
`earnings
`for
`this
`of $69,971
`while
`the SSA
`I use SSA
`earnings
`
`sources)
`
`Social
`Security
`are presented
`in
`between
`the
`SSA
`Account
`Transcripts
`Internal
`2009
`Revenue
`while
`the SSA
`printout
`the
`2010
`IRS
`$74,860
`as 2010
`the
`two
`
`such,
`earnings,
`year.
`printout
`(the
`lower
`
`Similarly,
`lists
`of
`
`SSA
`of
`
`Ms.
`
`According
`growth
`
`volatility
`dropped
`by
`be attributed
`sector
`was
`among
`earnings
`injury
`in the damages
`
`an
`has
`Mahon
`average
`experienced
`earnings
`the
`to
`printout,
`a significant
`that
`Please
`period.
`in the
`of earnings
`note
`11.29%
`pre-injury
`in the
`of
`As
`period.
`earnings
`have
`the
`is present
`earnings
`such,
`pre-injury
`such
`in 2010. While
`doubled
`then
`50% in 2009
`can
`and
`over
`nearly
`drop
`were
`the time
`thatthe
`U.S.
`to a financial
`in at
`and the world
`crises
`(banking
`pre-
`include
`those most
`by the
`I
`all of Ms. Mahon's
`effected
`crisis),
`that were made
`available
`to me
`in the calculation
`base
`of
`the
`calculations
`in the
`section
`report.
`discussed
`subsequent
`this
`
`pay
`
`used
`
`of
`
`5
`
`8 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`Earnings
`
`History-Per
`
`Social
`
`Security
`
`Admin.
`
`Baseline
`
`Earnings
`in 2011$
`$84,228
`
`$81,895
`
`$88,801
`
`$42,441
`
`$77,223
`
`$55,635
`
`Year
`
`2006
`
`2007
`
`2008
`
`2009
`
`2010
`2011*
`
`2012
`
`2013
`
`2014
`
`2015
`
`Earnings
`
`Per
`
`Tax Returns
`$75,489
`
`$75,488
`
`$84,997
`
`$40,478
`
`$74,860
`
`$55,635
`
`$71,430
`
`$25,679
`
`$3,500
`
`$0
`
`$0
`
`Earnings
`
`growth
`
`CPI
`
`0.00%
`
`12.60%
`
`-52.38%
`
`84.94%
`
`201.6
`
`207.3
`
`215.3
`
`214.5
`
`218.1
`
`224.9
`
`229.6
`
`233.0
`
`236.7
`
`237.0
`
`240.0
`
`2016
`
`*Year
`
`of
`
`Injury
`
`3/31/2011
`
`Pre-injury
`Average
`
`earnings
`
`Earnnings
`
`growth
`
`(avg)
`2006-2010
`
`11.29%
`
`$74,918
`
`2011$
`
`Based
`Mahon's
`the average
`
`and
`on the
`data
`above
`by the actual
`earnings
`the CBO projections
`of
`
`the
`CPI
`
`presented
`information
`for
`the period
`preceding
`for
`the CPI
`from year
`
`increased
`
`I have
`
`to me,
`2018
`(2012-2017)
`to year
`2025.
`2018
`
`Ms.
`
`and
`
`by
`
`Computed
`
`Economic
`
`Loss
`
`of Earnin
`
`g Capacity.
`
`to Ms.
`loss
`earnings
`
`calculated
`her
`pre-injury
`by her
`(2006-2010)
`pre-injury
`that
`SSA
`earnings.
`Note
`1-20016)
`but was
`asked
`by Mr. Robert
`Mahon,
`Rehabilitation
`Counselor
`of Deutsch,
`of earning
`a complete
`loss
`for
`period
`beyond
`earnings.
`
`I have
`between
`evidenced
`(201
`
`the
`
`economic
`expected
`
`assuming
`Mahon.
`without
`
`Thus,
`applying
`
`the
`
`any mitigating
`
`Mahon
`the
`and
`Social
`I was
`not
`P. Tremp,
`Tremp
`capacity
`2016,
`
`calculating
`by
`actual
`post-injury
`and
`earnings
`a vocational
`
`Security
`provided
`
`CRC,
`Jr., MA,
`& Tremp
`to
`until
`the work
`I compute
`the
`
`LAC,
`the
`
`CLCP,
`compute
`life
`loss
`
`expectancy
`of
`earning
`
`the
`
`difference
`earnings
`post
`the
`report
`
`as
`
`injury
`for Ms.
`Certified
`damages
`of Ms.
`
`capacity
`
`I used
`earnings
`The
`calculations
`in my
`that
`base
`of 2006-2010.
`for
`the period
`of Ms. Mahon
`earnings
`of
`this
`report.
`previous
`section
`table
`displayed
`in the
`in 2009 may most
`be attributed
`to the
`earnings
`likely
`are included
`the
`industry.
`The
`2009
`earnings
`
`average
`the
`are
`calculation
`The
`the
`Note
`that
`of
`the
`effect
`in the calculation
`
`banking
`
`6
`
`9 of 17
`
`inflation
`is provided
`significant
`financial
`of
`
`adjusted
`in the
`in
`on
`
`drop
`crisis
`the average.
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`baseline
`the
`Thus,
`pre-injury
`earnings
`are increase
`These
`used
`earnings
`The
`offset
`her
`generated
`following
`earnings
`offset
`are assumed
`
`used
`earnings
`into
`the future
`at
`calculations
`in the
`(2011-2014).
`year
`2016.
`
`injury
`past
`
`in the
`the rate
`are the
`per
`As
`
`calculation
`discussed
`actual
`the
`
`in 201 l$.
`$74,918
`are
`in the previous
`section.
`that Ms. Mahon
`earnings
`request
`discussed
`
`above,
`
`no
`
`The
`the
`
`of earnings
`loss
`earnings
`profile
`
`adjusted
`also
`was
`for Ms. Mahon's
`Full-time
`Earnings
`Data,
`Expectancy
`from
`estimated
`experience
`were
`in the Credit
`Counselor
`employed
`in the above
`levels
`(see table
`577
`
`future
`
`for
`
`in the
`occupation
`using
`in the U.S.
`(2018).
`median
`earnings
`Loan
`and
`Officer
`referenced
`publication).
`
`age/experience
`the
`data
`U.S.
`Census
`Annual
`increases
`age
`categories
`by
`with
`Occupation
`
`in
`changes
`contained
`in
`for
`age and
`for
`women
`education
`
`all
`
`Yvette
`
`Mahon
`
`Age
`
`Earnings
`
`Profile
`
`Table
`
`577. credit
`
`counselors
`
`and loan
`
`officers,
`
`All education
`
`levels, Women,
`
`18 to 24
`
`25 to 29
`
`30 to 34
`
`35 to 39
`
`40to
`
`44
`
`45 to 49
`
`50to
`
`54
`
`55 to 59
`
`60to
`
`62
`
`63 & over
`
`2016$
`Median
`
`Earnings
`$27,603
`
`$37,374
`
`$42,938
`
`$47,521
`
`$52,802
`
`$53,162
`
`$54,914
`
`$54,751
`
`$51,387
`
`$55,765
`
`Source:
`
`Full Time Earnings
`
`Published
`
`by Expectancy
`
`in the United
`
`States,
`Data of Shawnee
`
`2016 Edition
`
`Mission,
`
`Kansas,
`
`2018.
`
`The
`
`value
`
`of
`the
`earnings
`pre-injury
`and
`the assumed
`
`past
`and
`of
`date
`
`lost
`
`by Ms. Mahon
`earnings
`earnings
`her actual
`in the
`trial
`of December
`
`(difference
`period
`between
`is $478,476.
`
`between
`date
`the
`
`her
`of
`
`projected
`the
`
`injury
`
`1, 2018)
`
`The
`
`value
`
`of
`
`future
`
`earnings
`
`lost
`
`by Ms. Mahon
`
`is $591,838.
`
`7
`
`10 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`the total
`
`value
`
`of
`
`the
`
`earnings
`
`lost
`
`by Ms. Mahon
`
`is $478,476
`
`+ 591,838
`
`=
`
`Therefore,
`$1,070,314.
`
`Benefits
`
`claimant's
`forms W-2
`to Ms. Mahon's
`application
`provided
`According
`to a 401k
`employer
`to me. Ms. Mahon's
`provided
`account
`contributed
`a full-time
`Mahon.
`Note
`of Ms.
`of
`per
`the
`worker
`Bureau
`Statistics,
`that,
`to receive
`in the
`private
`employed
`employer
`than
`not
`would
`be more
`likely
`industry
`health
`retirement
`workers
`For
`benefits.
`and
`retirement
`paid
`benefits
`private
`industry
`employee
`per
`health
`average
`2.8%
`of
`per
`year
`$5,366
`benefits
`and
`average
`pay
`for Employee
`(Employer
`private
`Costs
`Compensation-March
`Table
`2018,
`workers,
`with
`average
`5). Thus, Ms. Mahon's
`consistent
`are very
`retirement
`benefits
`retirement
`3% of
`her
`actual
`benefits
`of
`private
`employees.
`I assume
`retirement
`pay
`industry
`benefits
`to her work
`life
`application
`expectancy.
`to the claimant's
`provided
`According
`employer
`to me,
`the
`also
`provided
`health
`insurance.
`Ms. Mahon
`with
`the
`cost
`national
`average
`of health
`to an employer,
`insurance
`benefits
`a
`loss of health
`at $5,366
`benefits
`continued
`per year.
`Since Ms. Mahon
`201I
`and
`I do
`for
`not
`compute
`loss
`of
`health
`benefits
`these
`2012,
`advised
`that Ms. Mahon's
`last
`at work
`2013.
`This
`was
`day
`January
`be inconsistent
`with
`the dates
`on the paystubs
`provided
`The most
`provided
`I was
`a 2014
`that
`with
`is dated
`June
`15, 2013
`(not
`including
`I compute
`dispersed
`Ms. Mahon's
`unused
`vacation
`to her).
`Thus,
`pay
`insurance
`benefits
`for
`of 2013
`the period
`when
`she was
`not
`employed
`only
`Both
`the loss of
`15, 2013).
`the retirement
`and the health
`insurance
`benefits
`to the work
`life
`of Ms. Mahon.
`
`the
`to me and
`3% of her
`
`pay
`
`Labor
`
`for
`
`23,
`to me.
`
`expectancy
`
`Thus,
`I have
`
`using
`estimated
`through
`working
`two
`I was
`years.
`date
`appears
`to
`recent
`paystub
`paystub
`which
`loss of health
`(from
`June
`is computed
`
`the
`
`Table
`
`5:
`
`Private
`
`Employer
`
`Costs
`
`by major
`industry,
`per hours worked
`
`industry
`
`group.
`
`(2018dollars)
`
`Occupational
`
`Group:
`
`All Workers
`
`Wages
`
`and
`
`Health
`
`Benefits
`
`Defined
`
`Contribution
`
`Benefits:
`
`$2.58
`
`$0.78
`
`Salaries,
`leave
`
`and
`
`supplemental
`
`pay
`
`$27.48
`
`Retirement
`
`& Savings
`as a % of
`
`Pay
`
`2.8%
`
`of Health
`
`Benefits
`
`$5,366
`
`paid
`
`Annual
`
`Cost
`
`Source:
`
`Bureau
`
`of Labor Statistics:
`
`Employer Costs
`
`for Employee
`
`Compensation-March
`
`2018.
`
`The
`future
`
`benefits
`past
`benefits
`
`loss
`of benefits
`(net
`is $56,228.
`
`lost
`
`received)
`
`amounts
`
`to $42,453.
`
`The
`
`value
`
`of
`
`the
`
`Therefore,
`$98,681.
`
`the
`
`total
`
`value
`
`of
`
`the
`
`benefits
`
`lost
`
`by Ms. Mahon
`
`is $42,453
`
`+ 56,228
`
`=
`
`8
`
`11 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Summary
`
`The
`
`value
`
`of
`
`the
`
`past
`
`and future
`
`loss
`
`of earnings
`
`and
`
`benefits
`
`totals
`
`$1,168,995.
`
`I reserve
`
`the right
`
`to update my report
`
`should
`
`additional
`
`information
`
`become
`
`available.
`
`9
`
`12 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`DOCUMENTS
`
`REVIEWED
`
`Expectancy
`2017.
`Table
`
`Data Healthy
`3. United
`Sates,
`
`Life
`
`Expectancy:
`2014.
`
`2014
`
`Tables.
`
`Shawnee
`
`Mission,
`
`Kansas
`
`"The Markov
`
`Process
`Model
`Percentile
`Shape,
`Points,
`Tendency,
`and Kurt
`James
`Krueger.
`Ciecka,
`201 1, pp.
`165-229
`(published
`
`of Labor
`
`Force
`Activity:
`and Bootstrap
`Journal
`of Forensic
`in 201 1). Table
`6.
`
`Extended
`Standard
`
`Tables
`
`of Central
`
`Errors",
`Economics,
`
`Skoog,
`Gary
`22, No.
`2,
`
`Vol.
`
`2017
`The
`Survivors
`Principal
`
`Annual
`Insurance
`Economic
`
`the Board
`of
`Report
`and Federal
`Assumptions.
`
`of Trustees
`Insurance
`
`of
`
`the Federal
`Trust
`Funds.
`
`Old Age
`Table
`
`and
`V.Bl.-
`
`Disability
`
`Year-by-Year
`CBO's
`and Economic
`Outlook:
`Congressional
`States,
`http://www.cbo.cov/
`
`Forecast
`Years
`Budget
`
`and Projections,
`2018
`to 2028,
`Office.
`
`Table
`April
`
`to The Budget
`7, An Update
`of
`The Congress
`the United
`2018,
`
`in the Distribution
`Changes
`of
`the United
`Congress
`http://www.cho.gov/
`
`of Worker's
`Congressional
`
`States,
`
`Hourly
`
`Wages
`Budget
`
`Between
`Office.
`
`1979
`
`and 2009,
`
`The
`
`of Labor
`Bureau
`and Nonmetropolitan
`NY (2013-2017).
`
`Occupational
`Statistics
`Occupational
`Occupation
`Code:
`
`Employment
`Employment
`13-2072.
`
`Statistics:
`May Metropolitan
`for New York,
`Estimates
`and Wage
`
`Edition.
`
`All
`
`Data,
`Expectancy
`Kansas,
`Mission,
`levels, Women,
`
`Full-Time
`2018.
`Table
`2016$.
`
`Earnings
`577 Credit
`
`in the United
`counselors
`
`States:
`and
`
`2016
`loan
`
`officers,
`
`Shawnee
`education
`
`Bureau
`U.S.
`U) U.S.
`
`city
`
`of Labor
`average.
`
`Statistics
`Series
`
`ID:
`
`Price
`Consumer
`Index,
`CUUR0000SA0,CUUS0000SA0.
`
`All
`
`Urban
`
`Consumers
`http://data.bls.gov/
`
`(CPI-
`
`Employer
`Statistics
`
`Compensation:
`for Employee
`Cost
`https://www.bis.gov/news.release/pdf/ecec.pdf.
`
`March
`
`2018,
`
`Table
`
`5, Bureau
`
`of Labor
`
`Employee
`Labor
`
`Statistics,
`
`Benefits
`
`- March
`in the United
`USDL-16-1493.
`States
`2018.
`2018
`https://www.bls.aov/news.release/pdf/ebs2.pdf.
`
`March,
`
`Bureau
`
`of
`
`Yvette
`
`Mahon
`
`form
`
`1040 U.S.
`
`Individual
`
`Tax Returns
`
`for 2010,
`
`201 1.
`
`Mahon
`Certified
`
`Care Plan
`Life
`Rehabilitation
`
`prepared
`Counselor
`
`by Robert
`of Deutsch,
`
`P. Tremp,
`Tremp
`
`Jr., MA,
`& Tremp
`
`CLCP,
`CRC,
`on August
`
`30,
`
`Yvette
`
`LAC,
`2018.
`
`10
`
`13 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`forms W-2
`
`for
`
`2008-2013
`
`Yvette
`
`omitted)
`
`Mahon
`dated
`
`Application
`Claimant
`June
`10, 2018.
`
`to
`
`an
`
`unknown
`
`insurance
`
`carrier
`
`(title
`
`page
`
`Yvette
`
`Mahon
`
`paystubs
`
`201 1 through
`
`2013
`
`Retirement
`
`plan withdraw
`
`documents
`
`for
`
`several
`
`years.
`
`I 1
`
`14 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Calculations
`
`Personal
`
`Injury
`
`Economic
`
`Damages
`
`Report
`
`Plaintiff:
`
`Yvette Mahon
`
`Case information
`
`Trial Date: 12/1/2018
`
`Date of Injury: 3/31/2011
`Discount Rate: Laddered
`
`Present Value of Future DamagesCalculatedAnnually at Midyear
`Present Value Computed UsingCompound Interest
`
`Plaintiff
`
`Sex: Female
`Birth Date: 1/1/1963
`Work Ufe Expectancy: 6/7/2025
`Life Expectancy: 3/19/2046
`Full-Function Life Expectancy: 8/27/2042
`
`Current Education Level: HSDiploma
`Age at DamagesDate: 48.24
`Retirement Age at WLE:62,44
`ExpectedAge at LE:83.21
`ExpectedAge at FFLE:79,65
`
`Damages Summary
`
`Values
`
`Type of Damage
`Lost Earning Capacity:
`Loss of Health & Retirement
`Benefits:
`Total
`Grand Total Damages:
`
`Past Loss
`$478,476
`$42,453
`$520,929
`
`$1,168,995
`
`Loss
`Future
`$591,838
`$56,228
`$648,066
`
`12
`
`15 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette Mahon
`Past Lost Earning Capacity
`DateofInjury: 3/31/2011
`DamagesDateFraction:
`0.75
`LossofEarningCapacity:
`$74,9182011$
`Dateoutofwork: 6/15/2013
`TrialDate: 12/1/2018
`Trial-YearFraction:
`0.91
`RetirementBenefits:
`3.00%
`HealthBenefits:
`$5,3662018$
`
`DateFrom
`
`DateTo
`
`Fraction
`
`I.ossof Earning
`Capacity
`Lost
`
`Age-
`Lost
`Earnings Eamings
`Growth* Earnmgs
`
`Mitigation Earnings
`
`Lost
`
`Mitigation
`Earnings
`
`Mitigation
`
`Earnings Benefits
`Difference Difference
`
`Cummulative
`Loss
`
`3.16% $74,918 $2248
`1/1/2011 12/31/2011
`$578
`$55,635 $1669
`$19,283
`$0
`2.07% $76,916 $2,307
`$165
`1/1/2012
`12/31/2012
`$5,486
`$71,430 $2,143
`$0
`1.46% $78,335 $2,350
`$4,291
`$52,656
`$25,679
`$2,711
`1/1/2013
`12/31/2013
`$770
`1.62% $80,120 $2,404
`$7,355
`1/1/2014
`12/31/2014
`$76,620
`$3,500
`$5,056
`$105
`012% $80,731 $2,422
`$7,484
`$0
`1/1/2015
`12/31/2015
`$80,731
`$0
`$5,062
`1.26% $81,925 $2,458
`$7,584
`$81,925
`$0
`$5,126
`1/1/2016
`12/31/2016
`$0
`2.13% $33,391 $2,502
`$7,737
`$83,391
`$0
`$5,236
`1/1/2017 12/31/2017
`$0
`250% $78,385 $2,352
`1/1/2018
`12/1/2018
`$7,259
`$0
`$4,907
`$78.385
`$0
`Totals
`$634,720 $19,042 $28,099 $156,244 $4,687 $478,476 $42.453
`'2011-2028:ActualCPlortheCPlGrowthfromCBOtheBudgetandEctnomicDutlook:2018toD28,August-018.
`
`1.00
`1.00
`100
`1.00
`1.00
`1.0D
`1.OD
`0.91
`
`1.00
`101
`101
`1.02
`103
`1.03
`LO2
`102
`
`$19,861
`$5,651
`$56,947
`$83,975
`$88,215
`$89,509
`$91,128
`$85.643
`$520.929
`
`$19,861
`$25,511
`$82,458
`$166,434
`$254,648
`$344,157
`$435,286
`$520,929
`
`13
`
`16 of 17
`
`

`

`FILED: NEW YORK COUNTY CLERK 11/13/2018 06:05 PM
`NYSCEF DOC. NO. 213
`
`INDEX NO. 150366/2011
`
`RECEIVED NYSCEF: 11/13/2018
`
`Yvette
`
`Mahon
`
`Future
`
`Lost Earning
`
`Capacity
`
`Loss of Earning Capacity, RN:
`Work-Life Expectancy Date:
`Work-Life Expectancy Fraction:
`Retirement Benefits:
`Helath Benefits:
`
`$74,918 2011$
`6/7/2025
`0.44
`3.00%
`$5,366 2018$
`
`Years in the
`Future
`
`ea
`
`n ng
`
`Earnings
`Growth*
`
`Date
`Fraction
`
`arnings
`Adj.
`
`Loss of
`Earnings
`
`ost
`ene
`(ret)
`
`s
`
`Lost
`enems
`(health)
`
`Total Loss
`
`Cumulative
`Loss
`
`Loss of Earning
`Capacity
`
`1
`2
`3
`4
`5
`6
`7
`8
`
`2.50%
`2.20%
`2.50%
`2.50%
`2.50%
`2.40%
`2.40%
`2.40%
`
`0.09
`1.00
`1.00
`1.00
`1.00
`1.00
`1.00
`0.44
`
`$8,252
`$459
`$7,334
`12/31/2018
`$529,182
`$459
`12/31/2019
`$95,663
`$5,484
`$2,627
`$87,552
`$624,845
`$2,691
`12/31/2020
`$98,000
`$5,622
`$89,688
`$722,845
`12/31/2021
`$98,995
`$5,762
`$2,716
`$821,840
`$90,518
`12/31/2022
`$99,980 | $921,820
`$2,740
`$91,333
`$5,906
`$100,852 $1,022,672
`$2,761
`12/31/2023
`$6,048
`$92,043
`12/31/2024
`$2,782
`$101,710 $1,124,382
`$6,193
`$92,735
`$44,613 .$1,168,995
`12/31/2025
`$2,759
`$1,219
`$40,635
`$648,066 $1,168,995
`$38,233
`$17,994
`$591,838
`Totals
`*2011-2028: Actual CPI or the CPI Growth from CBOThe Budget and Economic Outlook: 2018 to 2028, August 2018.
`
`1.02
`1.02
`1.02
`1.01
`0.99
`0.98
`0.96
`0.94
`
`14
`
`17 of 17
`
`