Commercial appraiser expert witness candidates typically have appraisal experience, and a background in forensic accounting, real estate appraisal, business valuation, and/or equipment appraisal. In a high-profile case, or a matter involving a large financial stake, a law firm may request a commercial appraisal professional with prior expert witness testimony experience.
An appraisal determines the present economic value, or fair market value, of an asset. Assets can be tangible (real estate, art, product inventory, equipment), or intangible (patents, brand). There are many reasons for a commercial appraisal assignment, including for tax purposes, mergers/acquisitions, or litigation. Appraisal methodologies vary depending on the situation, and all appraisal models have limitations; a valuation requires assumptions and acumen. Therefore, outcomes will vary depending on the assumptions used. When selecting a commercial appraisal expert witness it is important to inquire about past appraisals and ask what models and assumptions were used.
The reasons for an appraisal of a commercial asset (or assets) are countless. Examples of appraisal matters that would require expertise and expert witness work include intellectual property matters, eminent domain cases, family law (asset valuation), breach of contract, business valuation (mergers and acquisitions, shareholder disputes, bankruptcy), and fraud. Litigation support by a professional commercial appraiser could include commercial real estate evaluation, an appraisal report, appraisal review, expert opinion, deposition testimony, and expert testimony in court. In a high-profile case, or litigation involving a significant financial stake, an attorney may request a testifying expert with prior experience. In addition, a legal team may request a commercial appraiser for pre-litigation consulting work.
Cahn Litigation Services is skilled and experienced at identifying the ideal expert to provide expert witness services for appraisal matters, and is frequently called upon by law firm clients to find a specialized appraisal expert.
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 Commercial Appraiser experts known by Cahn Litigation Services. These bios are provided to give attorneys a sense of the Commercial Appraiser landscape.
This expert serves as Managing Director of industrial and inventory valuations for a large, internationally recognized consultancy and has direct experience regarding the appraisal of fasteners. Prior to this role, this expert headed a large commercial appraiser's Inventory Valuation practice, where this expert's team produced reports used primarily for financing and financial reporting. With many years of experience, this expert has directed inventory appraisals across a wide range of industries, including aerospace, apparel, chemicals, food processing, building products, beverage, giftware, furniture, healthcare, home furnishings, industrial machinery, lumber, machine tools, medical devices, metals, paper, pharmaceuticals, plastics, retail, technology, textiles and transportation.
While most of this expert's direct experience with fasteners has been as part of industrial appraisals, this expert has also worked on multiple liquidations where fasteners were sold; in these liquidations, the fasteners were ancillary assets and not the primary focus of the sales. Most prominently, this expert has appraised the inventory of a fastener company for a secured lender prior to its bankruptcy and its eventually sale through a bankruptcy process. In this case, this expert conducted appraisal work (multiple times) and provided consulting services to the secured lender during the bankruptcy process. This expert has also completed multiple appraisals of other companies that manufactured and distributed fasteners.
As an expert witness, this expert has experience testifying before federal bankruptcy court as well as supporting litigation through depositions, affidavits of value, and consulting experience. This expert also has experience with machinery and equipment appraisals, marine assets, fishery permits and has managed many inventory auctions and liquidations. This expert is a member of the Association for Corporate Growth and the Turnaround Management Association. This expert frequently speaks on valuation topics and has published several articles related to the appraisal process. This expert is a Candidate of the American Society of Appraisers, and has completed the Uniform Standards of Professional Appraisal Practice (USPAP) coursework.
This expert is a banking executive with many years of experience in underwriting, mortgages, and loans. This expert is a Certified Residential Appraiser, and is also certified in credit risk. This expert has extensive testifying experience at deposition and trial in both state and federal cases (including class actions). Expert witness engagements have involved residential mortgages, underwriting, predatory lending, commercial loans, fraud, truth in lending, lender liability, loan servicing, and USPAP compliance.