Even Ibbotson can be challenged by aggressive defense counsel
The related Metro Tech cases show how far opposing counsel will go to discredit the testimony of a financial expert. In this case, the plaintiff, a Puerto Rico corporation that specializes in laboratory calibration and preventive maintenance services, contracted with the defendant to conduct the necessary assessments to certify the plaintiff as ISO 17025 compliant. [...]
GT on differences between business valuation and lost profits
In Grant Thornton’s recent Focus on Forensics newsletter, Neil Beaton and Michael Fahlman provide a foundation for understanding the differences between business valuation and lost profits damages calculation methods. “If a lost profits analysis is performed, can a business valuation analysis also be performed to measure the total damages owed?” ask the authors. “It can,” [...]
A sampling of new cases added to BVLaw
These new abstracts, and related court documents, are among those added to the Business Valuation Law database in the last weeks. Go to BVLaw for to access these key decisions. Brighton Collectibles, Inc. v. Coldwater Creek, Inc., 2010 WL 3718859 (S.D. Cal.)(Sept. 20, 2010) Good use of marketing and financial expert defeats summary judgment and [...]
Next installment of the Advanced Webinar Series on Lost Profits Damages is tomorrow!
Join us this Friday (January 7th) for the first of our four-part Advanced Webinar Series on Lost Profits Damages. “Discounting Lost Profits: Case Law & Methods – A Legal Perspective.” In this two-hour presentation, BVR welcomes Robert Lloyd (University of Tennessee College of Law) and Michael Crain (The Financial Valuation Group), both contributing authors to The [...]
Advanced Webinar Series on Lost Profits Damages continues…
BVR’s training calendar will turn its attention to lost profits damages in January 2011, as the Lost Profits Damages Webinar Series continues with a course of four advanced topics. Starting January 7 and running each Friday of the month, expert contributors to The Comprehensive Guide to Lost Profits Damages, 2010 Edition, will provide comprehensive training [...]
Lost profits analyses also get more scrutiny from the courts
In Monday’s BVR teleconference “Use of Forensic Evidence in Lost Profits Cases,” attorney Jeffrey Diamond told the audience “over the years I’ve gotten smart. I know what I don’t know. That’s why I hire good experts and them get in the driver’s seat with me to find all of the issues important in the case…your role [...]
Oral agreements only make breach of contract valuations more difficult
As appraisers know only too well, the fact pattern in Kia v. Imaging Sciences Internat’l, 2010 WL 3516850 (E.D. Pa.)(Sept. 2, 2010)) plays out in countless startup companies—especially in the biotech sector—trying to recruit key personnel. During an employment interview in 2003, the plaintiff, a Ph.D. and one of the “world’s leading engineers” in digital imaging, [...]
Get more business doing damages and lost profit valuations
Next Friday, October 8, BVR’s Webinar Series on Damages Essentials kicks off with “Lost Profits Calculations: Methods & Procedures” featuring Robert Gray and James O’Brien (ParenteBeard, LLC). Gray and O’Brien will discuss what every appraiser needs to know when engaging in a lost profits case: from calculations methods and related supporting – and admissible – evidence [...]
New four-part webinar series on damages and lost profits valuations
The 2010 edition of The Comprehensive Guide to Lost Profits Damages comes to life in BVR’s newWebinar Series on Economy Damages, curated by Guide editor Nancy Fannon (Fannon Valuation Group). Throughout October, BVR will host eight of the top minds in economic damages and lost profits cases for a four-part webinar series. The series includes: “Lost Profits Calculations: Methods and [...]
Industry experience carries the day in front of Tax Court
Contributed by Sherrye Henry, Jr., Esq. Legal Editor for Business Valuation Resources, LLC. Ringgold Telephone Co. v. Commissioner., T.C. Memo. 2010-103, 2010 WL 1850426 (U.S. Tax Ct.)(May 10, 2010) BVR customers should take note of a series of decisions in the last few months which show a trend for an expert’s industry experience to trump [...]
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