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Expert in Economic and Financial Analysis, Business Valuation, Economic Damages
Available for your Consulting and Expert Witness Needs
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Summary of Expertise:
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Listed with other top experts in: |
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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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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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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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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.
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Degree |
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Subject |
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Institution |
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1973
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Ph.D.
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Finance, Economics, Management Science
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U. of Chicago Graduate School of Business
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1970
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M.B.A.
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Finance, Economics, Management Science
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U. of Chicago Graduate School of Business
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1967
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M.A.
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Economics
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University of Toronto
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1965
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B.A.Sc.
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Engineering Physics (Electrical)
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University of Toronto
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| Years |
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Employer |
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Department |
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Title |
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Responsibilities |
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1991 to
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(Undisclosed)
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President
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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.
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1987 to 1991
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QED Research, Inc.
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Los Angeles Office
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Director
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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.
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1983 to 1987
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First Interstate Bancorp
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Economics
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Vice President/Manager Industry Economics
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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.
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1978 to 1983
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The Aerospace Corporation
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Government Support Operations/Economic Evaluation Directorate
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Manager, Economic Analysis
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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.
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1975 to 1977
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Dart Industries, Inc.
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Corporate Financial Planning
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Senior Financial Analyst
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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.
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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
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| Selected Consulting Examples: |
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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.
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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.
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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.
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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.
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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.
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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.
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Expert Witness Experience Summary:
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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 60 times in trials and arbitrations. His testimony has benefited his clients in excess of $100 million.
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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.
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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.
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| Additional Skills and Services: |
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Training/Seminars
Power Point presentation to attorneys explaining methods and processes for calculating economic damages in civil litigation.
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