Posted on November 26, 2024
by
Sandi Perez
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 […]
Posted on November 07, 2024
by
Richard Fechter
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.
Posted on October 30, 2024
by
Joel Glick
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 […]
Posted on April 04, 2024
by
Daniel Hughes
In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits.
Posted on November 10, 2023
by
Daniel Hughes
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 […]
Posted on November 10, 2023
by
Richard Fechter
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 […]
Posted on September 19, 2023
by
Joel Glick
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 […]
Posted on July 05, 2023
by
Sandi Perez
On June 30, 2023, Florida Governor Ron DeSantis signed into law Senate Bill 1416, which brings significant changes to the state’s alimony laws, including eliminating permanent alimony from the statutes. The new law, which went into effect on July 1, 2023, applies to petitions for dissolution of marriage filed or pending on that date or […]
The $787.5 million settlement recently reached between Dominion Voting Systems and Fox News is historic for many reasons, including both parties’ ability to agree upon a payout amount just minutes before the trial was set to begin. In its initial suit, Dominion sought damages totaling $1.6 billion for Fox News’s false and defamatory statements that […]
Posted on December 12, 2022
by
Richard Pollack
It likely will take years for the courts and regulators to unravel all the details that led to the recent bankruptcy filings of FTX, one of the world’s largest cryptocurrency exchanges, and its affiliated companies. While the exact cause and accounting of the once $32 billion company’s collapse remains to be seen, it has come […]
