Valuing damages for breach of oral contract poses problems
Kia v. Imaging Sciences Internat’l, 2010 WL 3516850 (E.D. Pa.)(Sept. 2, 2010) This scene could have played 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, rejected an initial salary offer [...]
Excess Earnings Method “out of tune” for most valuation engagements, leading expert Bob Duffy says
One of the “Dirty Little Valuation Secrets” Bob Duffy (Grant Thornton) shared with AICPA/AAML Las Vegas attendees earlier this month was his concern about the excess earnings method. “This method is like a guitar,” Duffy described. “A guitar has six strings, the excess earnings method basically has six inputs and you can get it to [...]
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