This panel will draw on decades of experience from three trial attorneys that have put on and cross examined countless expert witnesses, especially accountants. This discussion will focus on the things that experts do while on the stand to build rapport with the trier of fact and deliver the best expert testimony possible.
-Discussion on the places we most often see unreported income
-How we identify unreport income
-The different types of unreported income
Hitchner will address the key issues and solutions in valuing, buying, and selling small businesses (less than $2 million in value, $2 million to $5 million in value, and $5 million to $10 million in value).
Prejudgment interest may be available to plaintiffs and claimants, depending on the type of claim, venue, and other factors. This session will describe factors commonly relevant to whether prejudgment interest is or may be available, what options are typically possible and what facts guide the expert's analysis, and how to perform and present prejudgment interest calculations.
This session will focus on unique challenges faced by practitioners in the valuation of equity securities, private warrants, forfeiture shares, earnout shares, forward purchase agreements, founders shares, and other financial instruments of privately held companies on a SPAC exit path. We will discuss the salient features of these instruments and the appropriate methodologies to value these instruments. We will also focus on the unique aspects of the common stock valuation preceding the SPAC exit.
This session will leverage the experience of a seasoned attorney and testifying expert with over 45 years of combined experience to explore what to expect in providing testimony, including the differences between deposition, trial and arbitration testimony, along with the differences between a bench versus jury trial setting. The session's first half will be instruction based and the second half will include live mock testimony with breaks to explain the good, the bad and the ugly!
In this session we will explore how to properly use and interpret market multiples when performing valuations. We will cover the sources of market multiples and what observed multiples tell you about how the market is assessing the cash flow, growth, and risk attributes of the corresponding businesses. The session will conclude by illustrating how to adjust and apply observed market multiples in your valuations.
Secondaries investment has doubled to over $65 billion annually. The asset class is the hottest area of private equity capital in the last seven years. The surge since 2014-2015 has forced private equity sponsors, faced with record amounts of dry powder and arguable over-valuation in private markets, to seek later-stage LP interests ("traditional secondaries") or direct investments such as co-investments.
Fund valuation expert Justin Kuczmarski CPA/ABV/CEIV/CFF breaks down the market outlook and the opportunity for valuators to navigate secondary interest assignments and add-value to these fractional interest valuation engagements.
Estimating Avoided Costs in Lost Profits Damage Claim Advanced Tools in Fixed v. Variable Cost Analysis - line item review - contracts affecting costs - regression - interviews - case law on this issue