Healthcare provider Kelsey-Seybold, a StoneTurn client, recently won a verdict totaling more than $10 million in economic damages, statutory damages (penalties and interest), attorneys’ fees and pre-judgment interest in a long running dispute that eventually went to trial.
Kelsey claimed it was underpaid for patient health insurance reimbursements by insurer, Great West (now Cigna), for services provided by Kelsey to Great West’s insureds. The parties disputed the reimbursement amounts due. Under Texas law, underpayments are subject to statutory damages (substantial penalties and interest) if not paid timely and, potentially, an award of attorney’s fees. The jury awarded the exact amount of economic and statutory damages Adam Gordon, StoneTurn’s expert witness, testified to under one of the two date scenarios presented in court.
Adam was supported by various StoneTurners throughout the dispute, including Kris Buchan, Tiffany Lewis and Katie Waddle.
Adam Gordon, a Managing Director with StoneTurn, has more than 11 years of experience consulting with clients and counsel on commercial disputes, intellectual property infringement and intangible asset valuation for […]
Kristofer Buchan, a Partner with StoneTurn, is an expert in applying empirical economic and statistical models to sophisticated issues raised in antitrust, class action and intellectual property matters. With more […]
Tiffany Lewis, a Managing Director with StoneTurn, serves as a testifying and consulting expert on financial and economic issues in intellectual property matters and commercial disputes. She has assisted clients […]
Katie Waddle has more than nine years of experience in financial and economic consulting related to intellectual property matters, complex business litigation and data analytics. She has assisted clients on […]