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 Expert  724803

Expert in Economic and Financial Analysis, Business Valuation, Economic Damages


Available for your Consulting and Expert Witness Needs

California (CA)
USA
Education Work History Career AccomplishmentsPublicationsConsulting Services Expert Witness Market Research

Summary of Expertise: Listed with other top experts in: 
Ph.D. and M.B.A. in finance University of Chicago Graduate School of Business. Developed financial models and wrote valuation opinions for businesses in wide variety of industries using income based and market based approaches. Retained in hundreds of cases in federal and state courts involving breach of contract, business torts and bankruptcy. Testimony benefited clients more than $100 million.
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business valuation

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valuation

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economic value

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Business Valuation Standards

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economic appraisal

Ph.D. and M.B.A. in finance and business economics University of Chicago Graduate School of Business. Developed financial models of lost profits, lost goodwill and lost business value for businesses in wide variety of industries in breach of contract, business tort and bankruptcy cases. Intellectual property damages in patent, trademark and copyright cases. Created economic models of lost earnings of individuals in personal injury, wrongful termination and wrongful death cases. Retained in over 500 cases. Expert testimony in federal and state courts and arbitrations in over 65 trials. Testimony benefited clients more than $100 million.
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economic loss analysis

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expert witness

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forensics

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spreadsheet software

Ph.D. and M.B.A. in finance, business economics and management science from University of Chicago Graduate School of Business. Doctoral research advanced work of three economics Nobel Laureates. Taught corporate finance in leading graduate business schools. Manager of economic analysis for largest Federal Contract Research Center. Evaluated financial and economic feasibility of multi-billion-dollar energy production, development and transportation projects for U.S. government departments of energy, interior and transportation. Manager of industry economics for money-center bank. Analyzed lending risks based on industry economic dynamics in over forty industries. Developed financial models of lost profits, lost goodwill and lost business value for businesses in wide variety of industries in breach of contract, business tort and bankruptcy cases. Intellectual property damages in patent, trademark and copyright cases. Created economic models of lost earnings of individuals in personal injury, wrongful termination and wrongful death cases. Retained in over 500 cases. Expert testimony in federal and state courts and arbitrations in over 65 trials. Testimony benefited clients more than $100 million.
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economics

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finance

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financial modeling

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financial planning

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earnings analysis

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financial analysis

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loan valuation

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business economics

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financial forecasting

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financial advisory

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economic feasibility

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financial market

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lost profit


Show Secondary and Basic Areas of Expertise
Localities:
Expert may consult nationally and internationally, and is also local to the following cities: Los Angeles, California;  Long Beach, California;  Santa Ana, California;  Anaheim, California;  Riverside, California;  Bakersfield, California;  Glendale, California;  Huntington Beach, California;  San Bernardino, California;  and Oxnard, California.

Often requested
with this expert:

Economics, Intellectual Property and Damage Estimation
Forensic Economic Consulting, Economic Damages; W/ D,...
Economic Damages and Lost Profits Calculations
Economic and Lost Profit Damages, Expert Witness, Forensic...

Education:
Year   Degree   Subject   Institution  
1973   Ph.D.   Finance, Economics, Management Science   U. of Chicago Graduate School of Business  
1970   M.B.A.   Finance, Economics, Management Science   U. of Chicago Graduate School of Business  
1967   M.A.   Economics   University of Toronto  
1965   B.A.Sc.   Engineering Physics (Electrical)   University of Toronto  

Work History:
Years   Employer   Department   Title   Responsibilities

1991 to

 

(Undisclosed)

 


 

President

 

He provides expert testimony in business and personal litigation: evaluations of lost profits, goodwill, business value, earnings; antitrust and securities issues; intellectual property; forensic accounting; econometric and statistical analysis; corporate financial advisory services and business valuation.

1987 to 1991

 

QED Research, Inc.

 

Los Angeles Office

 

Director

 

He provided expert testimony in business and personal litigation: evaluations of lost profits, goodwill, business value, earnings; antitrust and securities issues; intellectual property; forensic accounting; econometric and statistical analysis; corporate financial advisory services and business valuation.

1983 to 1987

 

First Interstate Bancorp

 

Economics

 

Vice President/Manager Industry Economics

 

He advised the Credit Policy Committee about industry economic risk factors to guide policy for allocating credit among industries in a $30 billion commercial loan portfolio. He researched and evaluated the business environment in over 40 industries considering both domestic and international economic factors.

1978 to 1983

 

The Aerospace Corporation

 

Government Support Operations/Economic Evaluation Directorate

 

Manager, Economic Analysis

 

He evaluated financial and economic feasibility of commercialization of alternative energy technologies based on regulated-utility financial analysis and national benefit-cost analysis. He quantified private and social net benefits including externalities. He evaluated national economic benefits and costs of U.S. government policy options for energy and resource development and management. He developed economic and financial models for solar energy technologies, National Petroleum Reserve in Alaska, Strategic Petroleum Reserve, proposed West-to-East oil pipeline to deliver Alaska oil to U.S. midwest.

1975 to 1977

 

Dart Industries, Inc.

 

Corporate Financial Planning

 

Senior Financial Analyst

 

He evaluated group five-year financial plans and capital-budget requests for $2 billion 125-division multinational consumer-products conglomerate. He forecasted operating results. He analyzed deviations from plan and advised senior management of situations and control measures. He advised senior management of industry conditions to support acquisition decisions.


Career Accomplishments:
Associations/Societies

National Association of Forensic Economics


Publications:
Publications and Patents Summary

"Valuation of Mary Carter Agreements," Los Angeles Trial Lawyers Association Advocate, April 1988 and Journal of Forensic Economics, December 1988. "Forecasting Systematic Risk...," with Prof. Lawrence Fisher, Journal of Financial and Quantitative Analysis, June 1985. "Financing Solar Repowering and the Quantification of External Benefits," The Energy Journal, April 1982. "Optimal Portfolio Revision with a Proportional Transaction Cost," Management Science, July 1975

Selected Publications and Publishers  
 - Journal of Forensic Economics  
 - Journal of Financial and Quantitative Analysis  
 - The Energy Journal  
 - Management Science  

Government Experience:
Years   Agency   Role   Description
1978 to 1980   U.S. Dept. of Energy   Economic Consultant   Expert conducted numerous studies of the financial and economic feasibility of large-scale energy systems in the fields of solar-energy generation and oil-and-gas production, distribution and storage.
1980 to 1983   U.S.Air Force Space Division   Systems Consultant   Cost and systems analysis for the space shuttle.

Consulting Services:
Selected Consulting Examples:
  • Lost profits/plaintiff: A verdict of $8.4 million was awarded in Superior Court to a closely held consumer-products company that was victimized by diversion of its products into the “gray” market.
  • Lost profits/counter-claimant: Expert helped to win a verdict of $5.5 million in federal court in favor of a marginally profitable newly established cosmetics business. This verdict was sustained on appeal to the 9th Circuit.
  • Trade secret misappropriation/defense: Expert determined that plaintiff's lost profits claim, which was over $30 million, assumed an above-market sales price that could have been obtained only through an illegal tying arrangement. The case settled shortly after Expert's deposition, with no out-of-pocket cost to the defendant, a large manufacturer.
  • Wrongful termination/defense: A defense verdict was returned relative to plaintiff's demand of $1.3 million based on Expert's testimony showing how plaintiff, a marketing director, made $1 million on a real-estate development.
  • Trademark infringement/plaintiff: Expert's sophisticated econometric analysis helped to achieve a verdict of $2.3 million in federal court for a company listed on the New York Stock Exchange.
Click the green button above to contact Expert for a free initial screening call regarding your expert consulting needs.  Expert is available for consulting to corporate, legal and government clients.  Remember, your initial screening call to speak with Expert is free.

Expert Witness:
Expert Witness Experience Summary:
He has been retained in over 500 cases involving measurement of economic damages to businesses and individuals for both plaintiffs and defendants. He has testified as an expert forensic economist over 80 times in trials and arbitrations. His testimony has benefited his clients in excess of $100 million.
Recent Litigation Client Requests:
  • Expert in damage calculations for consulting on economic damages calculation.
  • Expert witness on spreadsheet software and Visual Basic for the PC.
  • Autistic child wrongful death & negligent supervision case.
  • FINRA misrepresentation and suitability expert witness for FINRA arbitration.
  • Expert inasessing punitive damages for litigation case.
  • Expert in cost of living comparison between Bridgewater, MA and Milan, Italy.
  • Expert witness in SEC independence rules for consulting on SEC auditor independence rules.
Click the green button above to contact Expert for a free initial screening call regarding expert testimony, litigation consulting and support, forensic services, or any related expert witness services.  A few litigation needs include product liability, personal injury, economic loss, intellectual property (patent, trademark, trade secret, copyright), and insurance matters.  Remember, your initial screening call to speak with Expert is free.

Market Research:
He has conducted studies of over 40 U.S. industries, examining conditions of supply, demand, pricing, technology and regulatory environment in each industry. He has performed industry analyses on: aerospace, agriculture, communications, energy, financial institutions, health care, high technology, insurance, real estate, transportation and utilities at the 2-digit SIC level and many sub-industries at the 3- and 4-digit SIC level.

Click the green button above to contact Expert for a free initial screening call regarding your marketing research, industry research, and company research needs.  For research needs involving multiple experts or secondary research, a Research Director can be assigned to coordinate the work into a custom report for you as a potentially quicker and more cost effective alternative to doing this work yourself or hiring a boutique consultancy.  Remember, your initial screening call to speak with Expert is free.

Additional Skills and Services:
Training/Seminars

Power Point presentation to attorneys explaining methods and processes for calculating economic damages in civil litigation.


 

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