Stout was engaged to provide consulting expertise and potential expert testimony on behalf of a Latvian bank that had been harmed by a false report that connected the bank to a network of international arms traders. As part of the engagement, we evaluated a number of factors negatively impacting profits including increased capital requirements, correspondent banking fees, and other operational costs. We also considered coincident macroeconomic and industry-related changes that may have impacted the bank’s profitability. We worked with the bank’s internal finance team to identify the necessary information to construct a damages model and recommended a conservative but strongly supportable approach. We assisted with the finance team’s preparation for settlement discussions and the client secured a favorable settlement.