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 [...]
Ten ways lawyers kill their own experts
Financial experts can make or break a case for economic damages, lost profits, taxable fair market values, dispositions in divorce, shareholder dissolutions—and more, but many lawyers “inadvertently destroy their experts’ credibility,” says a recent report by the American Bar Association. The most common “bad attorney habits” include Ø Finding experts at the last minute [...]
The quality of valuations for financial reporting is improving…but so is litigation
That’s the summary of comments from the panel of “Big 4” auditors at the ASA Fair Value Summit, held November 13th in the San Francisco offices of KMPG. The valuation environment is becoming more competitive and the days of “rogue/cowboy” valuations are over, says Josh Cashman (Arcstone Partners <http://www.arcstonepartners.com/> ), who provided a special report [...]
What do lawyers expect from the financial experts they hire?
“I want someone who will present well in court, obviously,” said Allen Mayefsky (Sharesky Aronson Mayefsky & Sloan LLP, New York City). “But most financial experts do the same thing in report after report. I want someone who can apply the concepts in a legitimate and justifiable way—but that also may be out of [...]
Rise in distressed company valuation…and litigation
As the American Home Mortgage case shows, an unprecedented wave of impaired and distressed business valuations is about to flood the legal and economic landscape. Says Jim Alerding, “I’ve been in this business since 1980 and we’ve never really had a situation where there are so many businesses that are distressed or impaired at a [...]
Are there other methods to support your expert's financial judgment that you haven't been told about?
If there was the major theme at some of the major BV meetings where lawyers and their financial expert witnesses met recently—Boston (ASA), San Diego (USD Tax Conference), and Chicago (NACVA CTI meetings and BVR Divorce Summit), it was this: BV best practices now require that your expert witnesses don’t ignore a tool that’s available [...]
New study shows business litigation about to swell
Another source forecasts the much-predicted spike in securities and corporate litigation around business valuation. The latest results from Fulbright & Jaworski LLP’s sixth annual Litigation Trends Survey have arrived—and 42% of corporate counsel polled say they expect litigation to swell in the coming year. This represents a significant leap over last year’s survey, when only [...]
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