Mock trial highlights ASA’s Advanced BV Conference
All six valuation disciplines were put on the "stand" and cross-examined by an attorney. It demonstrated that even the best valuation report can get skewered in court.
Expert report proves best defense against Daubert offense
In litigation, attacks on expert opinions are par for the course, but a sound expert report can ward off a Daubert challenge and clear the way to admission at trial, as a recent fraud case illustrates.
Proposed method to deal with confusion over discounts
A number of leading valuation experts have called for the profession to speak with one voice and eliminate the confusion over the use of discounts. One valuation expert offers up some nomenclature and—more importantly—a framework that he hopes will help with this thorny issue.
NACVA's star-studded silver anniversary conference
Shannon Pratt, Roger Grabowski, Jim Hitchner, Nancy Fannon, and the Honorable Judge David Laro of the Tax Court are just a few of valuation thought leaders dubbed by NACVA as “industry titans” who gave presentations at the organization’s 25th anniversary conference in San Diego
Expert Fee Dispute Devolves Into Malpractice Claim
In fee dispute, appeals court affirms trial court’s rejection of disgruntled client’s attempt to defend against accounting firm’s suit with allegations of malpractice; client failed to offer expert testimony to support attack on appraiser’s valuation.
Cohen & Company v. Breen
In fee dispute, appeals court affirms trial court’s rejection of disgruntled client’s attempt to defend against accounting firm’s suit with allegations of malpractice; client failed to offer expert testimony to support attack on appraiser’s valuation.
Identifying and Excluding Faulty Valuation Report Content and Testimony
George B. Hawkins Fair Value , Summer 2001, Volume X, Number 2 This article discusses challenging the admissibility of valuation expert reports and testimonies. The author lays the groundwo ...
Valuation Report Contents in Jointly-Retained Valuation Assignments, Hawkins, George B., and Michael A. Paschall
Fair Value , Winter 2001, Volume X, Number 1 This article summarizes the key elements of a clear, well-written valuation report in the jointly-retained valuation context. It addresses the bus ...
Judge Laro's views on discounts & valuation reports
Valuation is a fascinating subject because, like beauty, value is in the perception of the beholder. As early as 42 B.C., Publilius Syrus said "Everything is worth what its purchaser will pay for it ...
Surviving a divorce engagement
This article offers a highly condensed primer for divorce engagements. It will be useful both to those approaching such engagements for the first time and also as a review for experienced practitioner ...
MoneySoft. Corporate Valuation.
MoneySoft . Corporate Valuation . One East Camelback Road, Suite 550, Phoenix, AZ 85012, (800) 966-7797, fax (602) 266-7713, website: www.moneysoft.com. Price: $495 through 1998. List Price ...
Mercer set record straight re Estate of Welch case
Last month (p.3) we reported the U.S. Tax Court case of Welch v. Commissioner , in which the sole issue was a discount for built-in capital gains taxes on real estate owned by operating com ...