Valuation and Litigation Insights (curated by Grobstein Teeple, LLP)

Hello

Welcome to the fourth issue of Valuation and Litigation Insights. We strive to bring hand-picked content intended to make your life a little easier and to help you help your clients make better decisions and get the results they deserve.

If you read the last issue, welcome back. If you are new, welcome aboard!

News and Trends

In Covid Bankruptcy Valuation Brawls, the Best Spreadsheet Wins

The subjectivity involved when valuing a business impacted by COVID-19 means a battle of the experts may be the rule rather than the exception. This article illustrates how such situations are being observed in bankruptcy court.

Out of the COVID Frying Pan: Valuing Business Interruption Claims from Wildfires in a Pandemic — Policyholder Pulse — October 12, 2020

A key challenge in valuing damages during the COVID-19 pandemic is causation - i.e., computing the economic damages attributable to the event in question as opposed to some factor (such as the pandemic). This article discusses the complications of valuing a business interruption claim from wildfires during the pandemic.

Things to Know

Ten Reasons for Hiring a Damages Expert Before Mediation - DHLLC

It is common to retain an economic damages expert once attempts at settlement have failed and both sides are off to litigation. But when does it make sense to hire an economic damages expert prior to mediation? This article provides 10 reasons for doing so.

Lost Profits, Modern New Business Rule | QuickRead | News for the Financial Consulting ProfessionalQuickRead | News for the Financial Consulting Professional

Lost profit estimates for start-up businesses are held to a higher reasonable certainty standard than calculations for lost profits in cases with established businesses. As such , it is particularly important to understand the challenges in successfully making a lost profits claim for new business ventures. This article discusses strategies currently employed by defense lawyers in disproving lost profits for unestablished businesses.

Tools and Tips

Navigating Remote Depositions: A Practitioners' Guide | Baker Donelson

Virtual depositions are not for everyone, but they seem to be here to stay. It can be particularly challenging in a document-intensive matter such as when taking the deposition of a business valuation or damages expert. This article provides some tips to maximize the effectiveness of this process.

Book Review | QuickRead | News for the Financial Consulting ProfessionalQuickRead | News for the Financial Consulting Professional

Business Valuation Resources (www.bvresources.com) recently released a guide for attorneys working with accountants and financial experts. The book provides an overview of such topics as accounting principles, financial analysis, time value of money, valuation, damages, and evidence/expert testimony.

See the attached review for more details.

In Closing

That's it for now. If you found this issue of Valuation and Litigation Insights useful, please forward it to a friend or colleague.

Talk to you soon!

Will Thomsen Director of Valuation and Litigation Services Grobstein Teeple, LLP

Connect with me on Linkedin Call me at 818-502-4950 Email me at wthomsen@gtllp.com