Business valuation expert witness candidates typically have extensive experience in forensic accounting, corporate finance, investment banking, and/or appraisal methodologies. Business valuation experts may be accredited as a certified public accountant (CPA), Chartered Financial Analyst (CFA), Certified Fraud Examiner (CFE), Master Analyst in Financial Forensics (MAFF), Certified Valuation Analyst (CVA), or Certified in Financial Forensics (CFF). In a high-profile case, or litigation involving a significant financial stake, an attorney may request a economic damages specialist with prior expert witness testimony experience. The chosen expert may be a member of an industry organization such as the American Society of Appraisers (ASA), the National Association of Certified Valuators and Analysts (NACVA), or the International Institute of Business Valuers (IIBV). A business valuation expert witness needs to not only have expertise, but must also be prepared to explain the evidence to a judge and jury, as well as withstand the scrutiny of a cross examination.
What is a business valuation?
The three main business valuation standards are:
Valuation methodologies vary depending on the situation. All valuation models have limitations; a valuation requires assumptions and acumen. Therefore, outcomes will vary depending on the assumptions used. When selecting a business valuation expert witness it is important to inquire about past valuation issues and ask what models and assumptions were used. Forensic accounting is a specialty practice area of accounting, and requires accounting, auditing, quantitative methods, knowledge of certain areas of the law, and investigative skills.
Examples of legal matters that would require valuation services include intellectual property valuation, family law (personal property and real estate valuation), mergers and acquisitions, bankruptcy, and fraud. Litigation support consulting services by a professional business appraiser could include a financial analysis, financial forensics, dispute resolution/arbitration, expert opinion, depositions, and expert testimony in court.
Whether the case involves:
Cahn Litigation Services has the skills and experience needed to identify the ideal business valuation analyst, CPA, or forensic accounting expert suited for the case. The firm has an earned reputation for presenting litigation support candidates with the perfect balance of expertise and testimony experience.
Please Note: All Cahn Litigation expert witness searches are customized to attorneys' precise specifications and preferences. Attorneys are encouraged to discuss search parameters with a Cahn search specialist.
The below expert witness bios represent a small fraction of those Business Valuation experts known by Cahn Litigation Services. These bios are provided to give attorneys a sense of the Business Valuation landscape.
This expert is a founding principal of an intellectual property consulting firm specializing in developing IP strategies, IP valuation and monetization of IP as well as providing expert testimony related to IP damages and licensing customs and practices. This expert is a certified licensing professional (CLP) and has worked on dozens of celebrity related projects ranging from litigation to valuation for brand extensions. Half of this expert’s business is expert witness related and the other half is brand valuation and monetization. This expert specializes in analyses and valuation and monetization strategies for publicity rights, marketing strategy analyses, brands, royalty rate determinations, defamation, social media and Internet infringement, copyright, trade dress, trade secrets and trademark infringement and other intangible assets. This expert has been the named expert in over 75 cases, deposed 20 times and has provided trial testimony 5 times.
This expert is a Member of a consulting firm offering financial and business expertise. The expert’s particular focus is in licensing and royalty rates, as well as damages calculations and related litigation support. This expert has served as an expert witness in three apparel matters (for three different clients) including copyright infringement (damages) of dress designs, value of dress designs and products in business interruption matter, and analysis of business and determination of reasonable royalty for dress designs and products involved in business acquisition. This expert was a patent examiner at the USPTO and served at the US Treasury and responsibilities including technology licensing, business valuation and transfer pricing, and corporate fraud. This expert’s testimony experience includes evaluating reasonable royalty rates including developing RAND royalty rates considering such issues as scope of the royalty base, lump sum and running royalties, royalty stacking, license comparability, university licensing agreements, exclusive licensing, and apportionment of profits to non-infringing components.