In this episode Director of Forensic and Advisory Services Joel Glick, CPA/CFF, CFE, CGMA, explains the concepts behind piercing the corporate veil and how in partnership disputes and damages claims.
In this episode, Associate Director of Forensic and Advisory Services Richard Fechter shares details about Florida’s new financial reporting regulations for condo associations and HOAs.
Real estate litigation involving disputes over financial mismanagement, theft and fraud require detailed analysis of financial records using various techniques, tools, and computer software to uncover the facts and assist in a resolution. These reports and the expert testimony of forensic accountants are critical to helping attorneys build their cases. Financial malfeasance and fraud can […]
On July 1, 2024, the State of Florida added Fla. Sta. §61.075(6)(a)1.f, which specifies how trial courts value a marital interest in closely held businesses for the purposes of equitable distribution in divorce proceedings. Significantly, the new law, also referred to as House Bill 521 (HB521), addresses the valuation of marital interests in closely held […]
In this episode Associate Director of Forensic and Advisory Services Richard Fechter, JD, CAMS, CFE, shares the types of fraud that can be uncovered in a forensic investigation.
It is well established that a legal entity created for the purpose of carrying on a trade or business is considered a separate and distinct legal entity from its owner(s) or shareholder(s). However, there are circumstances in commercial litigation when a plaintiff may pierce this corporate veil and hold the owners personally liable for the […]
In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits.
When my colleagues and I delivered a presentation to the Business Law Section of the Florida Bar about proving and defending claims of lost profits in commercial litigation matters, a Florida Judge asked a thought-provoking question: How many years of financial documents should a Plaintiff seeking economic damages be able to get (2 years, 3 […]
Victims of crimes, law enforcement and other interested parties often retain forensic accountants to investigate financial crimes. These professionals have specialized multidisciplinary skills necessary to identify financial crimes, analyze the financial transactions constituting the overt acts of these crimes, and provide expert testimony on the methodologies criminals use and the damages victims incur. The critical […]
A Pennsylvania judge recently vacated a plaintiff’s $25 million damages award based on the plaintiff’s expert failure to provide at trial “a sufficient factual basis” for the numbers he relied on for calculating lost profits. Although the judge in Paramount Financial: Civil Action Communications, et al. v. Broadridge investor: Communications Solutions agreed with the jury’s […]