Two Paths Revenue Shortfall Clients Calculator Legal Basis Timeline
Damages Analysis — Confidential Work Product

Damages Analysis

Three-tier damages framework under NY Civil Rights Law § 51: $6.1M (conservative) / $29.1M (moderate) / $78.4M (aggressive). $32.4M total billed with $8.9M AR outstanding and $1.58M WIP unbilled = $10.5M total pipeline. Litman 20% future entitlement: ~$2.1M. $16.2M accounting gap ($32.7M trust vs. $16.5M workup). Trust activity continued post-lawsuit: $1.33M Oct, $501K Nov, $70K Dec 2025.

$32,708,669
Total Trust Receipts — $24.5M Post-6/15/2020
Section I

The Two Paths to Recovery

Three-tier damages framework: Conservative ($6.1M), Moderate ($29.1M), Aggressive ($78.4M). $32.4M total billed (2017-2025). $8.9M AR outstanding. $10.5M total pipeline (AR + WIP). $2.1M Litman 20% future entitlement. 95 JBG-directed trust transactions. 631 of 1,107 clients; 7,127 of 14,103 case files. 453 open RL matters with $1.29M WIP.

Path A

Per-Patent Linkage

If specific revenue can be traced to each of the 905 patents bearing Litman's name, damages equal the sum of per-patent fees multiplied by the applicable royalty rate. This requires forensic accounting to link client payments to individual patent matters.

905 patents × avg. fee per patent
= Linked revenue × royalty rate
Requires discovery of per-patent billing
Per-Patent Total: TBD at Discovery
Path B — Fallback

Entire Relationship Revenue

If per-patent revenue cannot be linked, then all money received from the client is the damages base. This is potentially the larger recovery: the total collected fees across all client relationships where Litman's name was used.

Total Trust Receipts: $32,708,669
Post-SOL Receipts: $24,509,250
$16.2M Accounting Gap (trust vs. workup)
× royalty / disgorgement rate
$32,708,669
Fallback — Potentially Larger Recovery
Section II

Revenue Breakdown by Year

Year-over-year financial data from NGM showing funds received, collected fees, amounts owed to Litman, and actual payments made.

Year Total Funds Received Collected Fees 20% Owed Paid Shortfall
2020 (from 6/15) $2,325,950 $1,653,523 $330,705 $255,000 $75,705
2021 $2,567,833 $1,821,985 $364,397 $120,000 $244,397
2022 $3,508,416 $2,642,940 $528,588 $120,000 $408,588
2023 $7,390,354 $5,512,123 $1,102,424 $1,166,395 -$63,970
2024 $6,002,737 $4,401,419 $880,284 $880,284 $0
2025 (Jan–Dec) $1,464,572 $1,464,572 $292,914 $46,286 $246,628
TOTAL $32,708,669 $24,509,250 $4,901,850 $3,397,395 $1,504,455
Section III

The Payment Shortfall & Accounting Gap

Under the Combination Agreement, Litman was owed 20% of collected fees. $246,628 owed to Litman as of Dec 2025. Payments stopped after May 2025. Additionally, a $16.2M accounting gap exists: $32.7M trust receipts vs. $16.5M Litman Summary workup. $8.9M in outstanding AR plus $1.58M WIP unbilled = $10.5M total pipeline of continuing revenue from Litman-originated matters.

$32,448,690
Total Billed (2017-2025)
$8,918,591
AR Outstanding
$10,497,848
Total Pipeline (AR + WIP)
$1,579,257
WIP Unbilled
~$2,099,570
Litman 20% Entitlement
$246,628
Q4 2025 Unpaid
TRUST RECEIPTS vs. WORKUP
$16.5M Workup (50.4%)
$0 $16.2M Accounting Gap (49.6%) $32.7M Trust
Three-Tier Damages Framework
Conservative: $6.1M — 20% royalty on verified fees, 1x multiplier
Moderate: $29.1M — Full relationship revenue with punitive multiplier
Aggressive: $78.4M — Total trust receipts with treble damages + interest

$990,089 outstanding in 2025 alone. $1,464,572 billed in 2025. Payments to Litman stopped after May 2025. Trust activity continued post-lawsuit: $1.33M Oct, $501K Nov, $70K Dec 2025.

Trust Account Forensics: KFU account 36372 went into overdraft ($415,426 deficit, Nov 20, 2024). 133 smoking gun invoices. $8.6M in lump-sum transfers. Same-day sweeps of client funds. See full forensic analysis →

Migration defense destroyed — PCLaw records from 2018 show same lump-sum pattern (1,699 entries). System changed, pattern didn't.
$370K+ fee adjustment shortfall on KFU alone (20% discount across 182 entries + $314K penalties).
$3.01M outstanding across 11 Middle East clients (Feb 2025 statements, 1,228 invoices, 1.5% collected).
$16.2M Accounting Gap
Total trust receipts: $32,708,669.08
Litman Summary workup: ~$16.5M
Gap: ~$16.2M — This gap represents money flowing through trust accounts that was never accounted for in Litman's compensation workup.
Section IV

Client Revenue Analysis

Patent counts and revenue share per client. KFU figure verified from NGM trust ledger; other clients estimated proportionally. Under Path B, the entire revenue from each client relationship is at issue.

Client Patents Revenue Share % of Total Path B Implication
King Faisal University (KFU) VERIFIED 467 $13,839,510 42.3% $13.9M recovery opportunity; $834K still in trust
King Saud University (KSU) 112 $6,870,000 21.0% $6.87M receipts; $733K outstanding in 2025
Kuwait Inst. for Scientific Research (KISR) 58 $1,189,000 6.4% All KISR revenue = damages base
United Arab Emirates University (UAEU) 43 $881,000 4.8% All UAEU revenue = damages base
Kuwait University 35 $717,000 3.9% All KU revenue = damages base
Dasman Diabetes Institute 22 $451,000 2.4% All DDI revenue = damages base
Sabah Al Ahmad Center 18 $369,000 2.0% All SAAC revenue = damages base
Kuwait National Petroleum Co. (KNPC) 3 $61,000 0.3% Transition evidence (Goldberg on L74)
Other Clients (combined) 147 $2,997,460 16.2% All revenue = damages base
Verified

Verified Trust Account Data FROM FIRM RECORDS

KFU revenue confirmed from NGM's own trust ledger — not estimated, not proportional, but the actual dollar amount from their books.

KFU — $13.9M Recovery Opportunity

Total Billed (KFU)
$13,839,510
Total Collected (KFU)
$12,339,029
Still in Trust (KFU)
$834,000
Outstanding AR (KFU)
$1,022,739
2,807 unique dockets • 277 dockets with outstanding balance • 95 JBG-directed trust transactions
Trust activity post-lawsuit: $1.33M Oct, $501K Nov, $70K Dec 2025
Source: NGM Trust Ledger + KFU Receivables CSV (6/11/2025) + Invoice Summary (2017-2025)

Full Practice Scope — Updated

RL Case Files
7,127 / 14,103 total
RL Clients
631 / 1,107 total
Open RL Matters
453
WIP on Open Matters
$1.29M
$32.7M total trust receipts. $16.2M accounting gap between trust flows and Litman Summary workup. KSU alone: $6.87M receipts, $733K outstanding in 2025. $1,464,572 billed in 2025; $990,089 outstanding.
Source: NGM file list, trust ledgers, Invoice Summary (2017-2025), Receivables CSV.
Section V

Interactive Damages Scenarios

Adjust the parameters below to model different damages outcomes. Toggle between Path A and Path B, then set the royalty rate, punitive multiplier, and statutory interest.

20%
2.0x
Calculated Damages
Damages Base (Entire Relationship) $18,526,460
Royalty / Disgorgement Amount $3,705,292
Punitive Damages $7,410,584
Statutory Interest (9% p.a.) $1,500,143
Total Estimated Damages $12,616,019
Range Summary
Conservative (10%, 1x, no int.)
$1,852,646
Aggressive (30%, 5x, + int.)
$35,551,603
Section VII

Revenue Timeline with Key Dates

Revenue trajectory mapped against critical case milestones. Note the dramatic revenue increase following the arbitration, during the period of heaviest name misappropriation.

June 15, 2020
SOL Cutoff — Name use after this date is actionable
Nov 11, 2020
Litman disability onset — could not consent to continued use
June 14, 2023
Arbitration Decision — Revenue surged afterward
Jan 14–21, 2025
Name Switchover — Goldberg replaces Litman on Line 74 (consciousness of wrongdoing)