BV510-WEB - Business Valuation Litigation Basics

Registration

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Webinar Course Description

This webinar will provide a detailed overview of the process and steps in the world of business valuation litigation for those practitioners who are new to this area. It will provide them a framework to use as they build out their litigation practice. The speakers, who have have a combined 45 years of experience will explain common pitfalls and how to approach litigation, which can be materially different than non-litigation valuation. The webinar will begin with the engagement letter and then work our way through including trial prep and testimony. We will review report writing techniques and how to prepare for and address deposition questions. Finally, we will review proven marketing concepts that can be used to build your practice.

Course Audience

Business valuation appraisers

NASBA and Continuing Professional Education (CPE) Credit

The American Society of Appraisers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org.

CPE Credit: (2) Hours in Specialized Knowledge
Program Level: Fundamental
Delivery Method: Group-internet based courses are approved for CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy

Instructor Information

R. Christopher Rosenthal , ASA | Vallit Advisors, LLC

As a managing member at Vallit Advisors, Chris Rosenthal has over 30 years of dispute consulting, forensic accounting and valuation experience. Chris’s practice is focused on dispute consulting and expert witness testimony in a wide variety of complex litigation matters. His clients include law firms, corporate counsel, government agencies, public and private entities and individuals. Chris has been qualified and testified in court as an expert witness in over 75 bench and jury trials as well as arbitrations involving civil fraud, commercial business damages, intellectual property and patent damages, business valuations and bankruptcy matters, as well as a variety of other disputes. He has given deposition testimony in over 150 cases. In addition, he has served as a court-appointed expert and an arbitrator.

Brian Broxterman, ASA | Vallit Advisors, LLC

As Director of Vallit’s Denver, Colorado office, Brian G. Broxterman leads dispute, valuation and forensicaccounting engagements. Mr. Broxterman is a CFA® charterholder and an Accredited Senior Appraiser (ASA). Mr. Broxterman has more than 15 years of experience providing dispute, valuation and forensic accounting services for various purposes including estate and gift tax planning, owner disputes, marital property divisions, damage calculations and financial reporting valuations conforming to ASC 360, ASC 718, ASC 805, and ASC 820.

Agenda

The following topics are covered in this course:

1. Overview of Business Valuation Litigation
2. Steps in the Litigation process
    a. Your role in the Litigation
    b. Initial call from Counsel
        i. Conflict Check
        ii. Deadlines
        iii. Engagement letter
    c. Document production/Discovery
        i. Fact witness depositions
        ii. How to keep track of documents
        iii. Use of other experts
        iv. How to assist Counsel
    d. Analysis and Report preparation
        i. Dealing with drafts
        ii. Language differences – use of Litigation exception
        iii. Standard of value
        iv. Structure of the report
        v. Workpapers
        vi. Footnotes in report
    e. Deposition
       i. Purpose for the deposition
       ii. Preparation
       iii. How to be deposed
       iv. Preparing for and attending opposing expert deposition
    f. Trial
       i. Preparation
       ii. Does your report get admitted?
       iii. Demonstrative exhibits
       iv. Bench v. Jury
       v. You are not an advocate
       vi. Testimony Tips
       vii. Teach

Learning Outcomes

Upon completion of this course,students will be able to:

• Provide an overview of the ligitation process as it specifically applies to Business Valuation expert testimony;
• Identify the steps/components of the Litigation process;
• Utilize writing and report preparation techniques that minimize your exposure in deposition and cross examination;
• Describe common pitfalls for Business Valuation experts; and
• Introduce marketing concepts that can be used to build your practice.