Court Awards $39 Million Damages Calculated by Hoffman Clark
A St. Louis County Circuit Court entered Final Judgement in a class-action lawsuit for money damages totaling $39,048,386, the sum calculated by Hoffman Clark on behalf of Class Members consisting of over 100 Missouri municipalities and St. Louis County. The judgement was issued by the Court after finding that the defendants underpaid business license taxes since 2005.
The damages calculated by Hoffman Clark included underpaid gross receipts taxes in the amount of $29,539,643 plus prejudgment interest in the amount of $9,508,743, totaling $39,048,386. Hoffman Clark partner, Ryan J. Clark, provided the expert witness testimony in the courtroom.
The case, Collector of Winchester, Missouri, et al. vs. Charter Communications, Inc., et al., consolidated with St. Louis County, Missouri vs. Charter Communications, Inc., et al., was tried in 2019 and Final Judgement was entered in 2021. The judgment was issued by Senior Circuit Judge Michael Jamison.
Hoffman Clark is an integrated Certified Public Accounting firm that provides specialized consulting services to businesses and their legal counsel in solving complex business problems and disputes. The Firm specializes in damages expert, forensic accounting, valuation and trust services. Hoffman Clark’s office is located in St. Louis (Clayton), Missouri.