Valuation mistakes in family law cases are often the same, no matter the venue
Last Sunday at the AICPA National BV Conference, Nicholas San Filippo (Lowenstein Sandler PC) informed the audience that the legal standards in oppression cases and valuation cases not only vary across states but are different within each state for the type of entity involved. “The distinctions are important, so when you interface with counsel you [...]
How does US Tax Court Judge David Gustafson feel about attacking opposing valuation experts?
“There may be situations where it’s fair to say the opposing witness is a liar and a cheat,” joked Judge Gustafson in the keynote panel at today’s Tax and Valuation Conference at Georgetown School of Law. ”But, those situations are rare.” As a result, he doesn’t see a lot of value in Daubert challenges or [...]
Four factors when connecting causation with liability in lost profit cases
James O’Brien and Robert Gray (Parente Beard) list four important factors when connecting causation and the burden of proof with the liability of the damages: Credible lost profits include economic damages that are natural, proximate, probable, or a direct consequence of an act, excluding remote consequences Courts generally rule that Plaintiffs must establish lost profits damages [...]
Has the other side’s expert tax-affected? Here’s how to tear their testimony apart
Mark Harrison (Meyers Harrison & Pia) asks you to consider some statistics that undermine the “29.4% benefit” that seems to often appear when financial experts “tax-affect” the values of S-corporations post-Bernier and Delaware MRI. Few private companies pay the maximum 40% C corporation rate every year–or any year. The model used in the Delaware MRI [...]
The tax court bench and BV practitioners converge to resolve tax & legal issues
Join the experts on November 10 for the Advanced Summit on Business Valuation: Resolving Tax & Legal Issues, presented by Business Valuation Resources and Georgetown School of Law. It’s a perfect advanced tax valuation add-on to the AICPA National BV Conference the two days before in Washington. Among the sessions are these two important panel [...]
Analysis of new cases suggests reexamination of patent values
Drew Voth (Grant Thornton) and David Binney (K&L Gates) present historic and current court rulings relating to the methods for companies to use when analyzing apportionment issues and the value of their patents in the most recent issue of Grant Thornton’s Business Valuation Monitor. “An important part of the value of a patent is how [...]
The Supreme Court’s first (and only) ruling on the rights of publicity
Mark Roesler, Esq. (CMG Worldwide) told the audience Monday at the BVR Divorce Summit Monday that the first case that allowed for individuals to maintain their “right of publicity” was the “Human Cannonball” Zacchini case (Zacchini v. Scripps-Howard Broadcasting Co. 1977). This involved local news coverage of a man who, while performing at the [...]
September Business Valuation Summits Offer Ohio Practitioners Robust CLE Opportunity
Good news, Ohio friends. Our upcoming Chicago Summits covering Valuation of Intellectual Property and Business Valuation in Divorce, have been approved for 11 Ohio CLE credits. Event details are below. We look forward to seeing you in Chicago next month! BVR/Morningstar Summit on Best Practices in Business Valuation in Divorce September 13-14, 2010 – The Auditorium [...]
Y/S Advisory Services: Industry knowledge is king in business valuation
BVR’s Blake Lyman recently sat down to discuss the state of the business valuation market with Kevin Yeanoplos and Ron Seigneur of Y/S Advisory Services, a consulting firm that provides industry-specific valuation information and advice. As Yeanoplos and Seigneur pointed out, industry knowledge is king in business valuation. Here’s a recap of their discussion. Yeanoplos: In [...]
Y/S Advisory Services discuss the state of the business valuation market
BVR’s Blake Lyman recently sat down to discuss the state of the business valuation industry with Kevin Yeanoplos and Ron Seigneur. With over two decades of experience each, Yeanoplos and Seigneur recently joined forces to form Y/S Advisory Services, a premier consulting service designed to help professionals in the business valuation space develop and grow [...]
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