News | May 27, 2025
Secretariat Announces Newest Managing Directors
Congratulations to our recently promoted Managing Directors: Deven Bowles, Erica Greulich, Greg Johnson, Zack Kilgore, Gareth McDermott, Tony Nedinsky, Michael Pogue, and Ivy Tse.
Loss of overheads contribution and profits in a construction dispute in the hospitality sector where a contractor claimed that a delay to a construction project caused them a loss of contribution to head office overheads and profits.
Secretariat professionals were appointed to provide expert services in an adjudication claim in respect of loss of overheads contribution and profits and to opine of the reasonableness of the application of the Hudson formula, the Emden formula and the Eichleay formula.
Secretariat damages professionals, working alongside a quantity surveyor colleague, evaluated the Claimant’s calculation prepared using the three Hudson, Emden and Eichleay formulae widely used in construction delay claims and compared them to a reasonable assessment derived from our own knowledge of overhead and profit assessments. The work involved a detailed review of the Claimant’s financial statements to determine returns which the Claimant would have achieved during the delay period and a re-calculation of the loss of overheads contribution and profits using a more appropriate methodology.
Secretariat Announces Newest Managing Directors
Congratulations to our recently promoted Managing Directors: Deven Bowles, Erica Greulich, Greg Johnson, Zack Kilgore, Gareth McDermott, Tony Nedinsky, Michael Pogue, and Ivy Tse.
Guardians of Finance Integrity
The Federal Reserve Bank of New York (FRBNY) has cemented its role as a global financial watchdog, using its influence to safeguard the integrity of the U.S. dollar and the broader international financial system. Recent regulatory actions related to Iraq and Libya demonstrate a proactive approach to combating illicit financial flows, setting a precedent for oversight in other high-risk jurisdictions, including Syria, Lebanon, Gaza, and Ukraine, which are likely to undergo major post-conflict reconstruction.
Jury Trial Victory for Marathon Oil Co. in Landmark $123.7M Force Majeure Case
Managing Director Bob Broxson provided expert reports, deposition, and trial testimony on behalf of Marathon Oil Co. in a high-stakes, precedent-setting contract dispute arising from a natural gas delivery impeded in 2021 by Winter Storm Uri.