Court awards Wye Oak over $89 Million in damages for breach of contract.

Judge Royce Lamberth of the US District Court for the District of Columbia awarded Wye Oak Technologies, a military contractor operating in Iraq in 2004, over $89 million in damages in addition to interest and costs from the Republic of Iraq for breach of contract.  Economists Incorporated Vice President John M. Gale provided expert testimony for Wye Oak.  The Court relied upon Dr. Gale’s lost profits analysis and found Dr. Gale’s determination of the discount rate and reliance on public and third-party evidence was well supported.  Wye Oak was represented by Whiteford Taylor & Preston, LLP, Pavich Law Group and Quinn, Racusin & Gazzola Chartered.