Local business owners are becoming concerned about the current coronavirus disease and the possible impacts on their businesses. Large events are being canceled, shiploads of tourists being quarantined, entire cities, beaches, restaurants and entertainment venues are being forced to limit hours and customer counts. Pretty scary....
Peter Gampel, Managing Director of Gampel Forensic and Valuation - A forensic accountant or a business valuator is often presented with management’s forecast. What degree of reliability can that person place on the forecast for either a valuation of a business or for a determination of lost profit for business damages? That depends. Take for example the case of Cargotec Corporation v. Logan Industries, Fourteenth Court of Appeals No. 14-17-00213-CV. Cargotec and Logan had entered into a letter of intent (LOI) whereby Cargotec would acquire Logan’s assets.
South Florida narrowly escaped the wrath of Hurricane Dorian, but hurricane season isn’t over.
Stock ownership in a private company is often a risky venture risky from the perspective of being unable to readily cash out of one's investment. Without a properly drafted shareholders' agreement that spells out the buyout mechanism or exit provision, shareholders who do not control the business....
There have been several high profile cases involving patent damages in recent years. At issue is the determination of lost profits or that of a reasonable royalty rate to be used for the damages valuation. The more difficult analysis pertains to the determination of the royalty rate...
Choosing an expert to assist in a contentious litigation case in determining lost profit or lost business value is not an easy proposition
Hindsight gained from events after a valuation date does not provide an appropriate starting point to determine value, but thorough analysis of subsequent events strengthens defense against valuation challenges.
