Customary and Not-So-Customary Services in the Litigation Arena
We have worked with many attorneys over the last 25+ years on a broad range of projects for purposes ranging from gift and estate tax to financial reporting to employee stock ownership plans (ESOPs) to fair value determinations. In addition, a growing number of assignments have been related to litigation support. As such, this article relates our experience in the litigation support arena and highlights not only those services well known to attorneys, but other services that business valuation professionals can provide with which some attorneys may not be as familiar.
CUSTOMARY SERVICES
Customary services a business valuation professional can provide in a litigated situation are summarized below:
- Consultants in litigated matters
- "Fair value" determinations in dissenting minority shareholder situations in numerous states
- Estimates of damages and lost profits
- Valuation in marital dissolutions
- Valuation in corporate dissolutions
- Buy-sell agreement litigation
- Bankruptcy matters
- Valuation in U.S. Tax Court
- Formal appraisal review under Standards Rule 3 of Uniform Standards of Professional Appraisal
Practice - Determining value in condemnation situations
- Securities fraud
- Corporate tax matters
- Analysis of complex business issues from a valuation perspective
- Numerous other matters