Seattle, WA (PRWEB) February 18, 2015
Dr. John Kilpatrick of Greenfield Advisors was the key expert witness in a recent federal class action lawsuit in which plaintiffs scored a $79 million verdict. The case focused on how a Missouri power company improperly used electric utility easements to run telecommunications fiber optic cable on private property.
Previous trials in the U.S. District Court for the Western District of Missouri Central Division had certified the class action status and concluded that the power company and its subsidiaries owed money to the property owners. Greenfield Advisors was hired by the law firm Price Waicukauski & Riley, LLC, and its co-counsel, representing the property owners to determine the annual rent owed to the plaintiffs for telecommunications use of the easement in Chase Barfield, et al. v. Sho-Me Power Electric Cooperative, et al., 2:11-CV-4321.
Dr. Kilpatrick provided the legal team with data supporting an annual market rent for the corridor easement in question as of 2013. Based on his testimony, on February 6, the jury awarded $79 million to the class of about 3,500 property owners, who will each receive a share of the damages. The damages cover a 10-year period.
About Greenfield Advisors
Founded in 1976, Greenfield Advisors is a consulting firm specializing in complex real estate issues. Best known for its work in high-profile litigation and trophy property valuation, Greenfield Advisors addresses a broad range of issues in its projects, including feasibility studies, market research, valuation, business plans, and economic modeling. Greenfield’s analysts provide clients across the country and all over the world with the information and experience to make informed decisions.
For additional information, contact Joe Schulman, joe(at)greenfieldadvisors(dot)com, or call (206) 623-2935, or visit http://www.greenfieldadvisors.com