Opinion ID: 4291042
Heading Depth: 5
Heading Rank: 2

Heading: The Testimony of Jerry DeNigris

Text: Jerry DeNigris testified on behalf of Resource Recovery and was qualified as an expert in calculating and determining investment losses. He stated that he was hired to “view the activity, the securities purchased specifically, in these various trust accounts to determine first what they had actually made or lost; and to see - - really to compare them to investment policies to see whether or not the activity in the account was consistent with or complied with those investment policies.” He testified that there were “securities that were out of compliance” with the investment policies of Resource Recovery. He stated that his analysis spanned from July 1, 2006 until January of 2008. It was his testimony that the “damages” resulting from those “nonconforming securities” amounted to $2,551,052.