Litigation Services Handbook The Role of the Financial Expert

The Litigation Services Handbook is the definitive guide for financial experts engaged in litigation services. Attorneys require financial experts now more than ever, and this book provides the guidance you need to provide a high level of service as witness and consultant. Enhance your litigation skills as you delve into the fine points of trial preparation, deposition, and testimony; project authority under examination, and hold up to tough questions under cross-examination. Fraud investigations are a major component of litigation support services, and this book delves deep into Sarbanes-Oxley compliance and other relevant topics to give you a foundational understanding of how these cases are prosecuted, and your role as the financial services expert. This updated sixth edition includes new coverage of technology's role in the financial expert's practice, and the focus on investigations provides practical insight from leading experts in the field. From the process itself to proving damages, this indispensable reference covers all aspects of litigation services.

Providing litigation support requires more than just your financial expertise; you also need a working knowledge of relevant case law, and a deep understanding of both the litigation process and the finer points of courtroom appearances. This book provides the insight and perspective you need to provide superior service to attorneys and their clients.

• Understand your role in trial preparation and testimony presentation
• Provide authoritative responses to direct and cross examination
• Examine and analyze Sarbanes-Oxley rulings
• Lend financial expertise to fraud investigations

The growing demand for financial expert litigation services has created a niche market for CPAs, creating a lucrative opportunity for qualified accountants who also possess the specialized knowledge the role requires. The Litigation Services Handbook is THE essential guide for anyone involved in financial litigation.

Roman L. Weil (Chicago, IL), PhD, CPA, CMA is V. Duane Rath Professor of Accounting at the University of Chicago.?Weil is director of the Chicago/Stanford/Tuck Directors' Consortium, which he co-founded. Weil has also designed and implemented continuing education programs for partners at the accounting firms of Andersen and PricewaterhouseCoopers as well as for employees at Goldman Sachs, Montgomery Wards, Merck, and William Blair and for business executives in Great Britain, Singapore, and Hong Kong. He also has been a visiting professor at Harvard Law School, Princeton Economics Department, and NYU Stern School.

Daniel G. Lentz (Washington, DC) is Partner and National Leader of Ernst & Young's Dispute Services team within E&Y Fraud Investigation and Dispute Services practice. He is co author of The Business Interruption Book: Coverage, Claims and Recovery. Lentz has worked with numerous companies in developing their business interruption claims related to the 9/11 terrorist attacks in New York, as well as losses sustained in natural disasters. His experience, across all industries, encompasses business interruption and lost profits claims, product liability, merger and acquisition disputes, reinsurance disputes, fraud investigations, class action lawsuits.

Preface xi

PART I: THE LITIGATION ENVIRONMENT

1. A Dispute Resolution Primer 1.1
Elizabeth A. Evans, Daniel G. Lentz, Roman L. Weil

2. Serving as a Financial Expert in Litigation 2.1
Elizabeth A. Evans, Roman L. Weil

3. Testimony Considerations 3.1

Part A: Daubert Criteria
Douglas E. Branch, Saleema K. Damji

Part B: The Art of Testimony
Daniel G. Lentz

PART II: DEVELOPING A DAMAGES ANALYSIS

4. Damages Theories and Causation Issues 4.1
Elizabeth A. Evans, Phil J. Innes, Daniel G. Lentz

5. Ex Ante versus Ex Post Damages Calculations 5.1
Elizabeth A. Evans, Roman L. Weil

6. Use of Statistical Sampling in Litigation 6.1
Mark A. Gustafson, Peter P. Simon

7. Survey Research in Litigation 7.1
Paul J. Lavrakas, Jeffery A. Stec

8. Statistical Estimation of Incremental Cost from Accounting Data 8.1
M. Laurentius Marais, William E. Wecker, Roman L. Weil

9. Econometric Analysis 9.1
Anna C. King, Mohan P. Rao, Christian D. Tregillis

10. Estimating the Cost of Capital 10.1
R. Jeffrey Malinak, Justin McLean

11. Business Valuation 11.1
Joseph J. Galanti

12. Business Interruption Insurance Claims 12.1
Daniel G. Lentz, Robert M. Reeves

13. Lost Earnings of Persons 13.1
Daniel G. Lentz, Elizabeth B. Sandza

14. Expert Analysis of Class Certifi cation Issues 14.1
Christopher Chorba, Mark A. Gustafson, D. Lee Heavner, Peter P. Simon

PART III: LITIGATION TOOLS AND TECHNIQUES

15. Data Management 15.1
Karen M. Cheek, Erik W. Gibson, Cathy Hasenzahl, Matthew P. Jennings, Russell L. Miller, Vincent M. Walden

PART IV: ANCILLARY ISSUES IN DAMAGES MATTERS

16. Prejudgment Interest 16.1
Jeffrey M. Colón, Michael S. Knoll

17. Punitive Damages 17.1
Peter A. Bicks, Rachel M. McKenzie, Shasha Y. Zou

18. Tax Treatment of Damages Awards 18.1
Jill Kennedy, Tim Sherman

PART V: CIVIL LITIGATION

Intellectual Property

19. Economic Analysis of Nonpatent Intellectual Property Rights and Damages Measures 19.1
Elizabeth A. Evans, Peter P. Simon

20. Patent Infringement Damages 20.1
Landan J. Ansell, John W. Holzwarth, Vincent E. O’Brien, William B. Scally

21. Role of Financial Experts in ITC Section 337 Investigations 21.1
Ryan N. Herrington, Brendan P. Rogers

22. Calculating Infringer’s Profi ts in Trademark, Copyright, and Design Patent Cases 22.1
Christopher P. Gerardi, Dawn R. Hall, Juli Saitz

23. Royalty Audits and Contract Compliance Investigations 23.1
Ben W. Sheppard

Ownership and Business Failure

24. Merger and Acquisition Transaction Disputes 24.1
Elizabeth K. Gulapalli, Christen L. Morand, Gregory E. Wolski

25. The Troubled Business and Bankruptcy 25.1
Daniel G. Lentz, Grant W. Newton, Lynda H. Schwartz

26. Alter Ego 26.1
Elizabeth A. Evans, Daniel G. Lentz

Regulatory Litigation

27. Federal Securities Acts and Areas of Expert Analysis 27.1
Kevin L. Gold, Eric Korman, Ahmer Nabi

28. Economic Analysis in Securities Class Certification 28.1
Michal A. Malkiewicz, Cathy M. Niden, Mohan Rao

29. Monitorships and Deferred Prosecution Agreements: History, Process, and Recent Trends 29.1
Norman J. Harrison

30. Securities Finance Disputes 30.1
Edmon W. Blount, Eric B. Poer, Tiko V. Shah

31. Antitrust 31.1
Amy W. Ray, Christopher D. Wall

32. Federal Contract Disputes 32.1
Andrew G. Artz, Sajeev D. Malaveetil

Construction and Real Property Disputes

33. Construction Claims 33.1
Bilge Astarlioglu, Stephen P. Lechner

34. Real Estate Litigation 34.1
Mariano S. Borges, Steven A. Klett, Mark R. Molepske, Michael E. Straneva

Other Civil Litigation

35. Accountant Liability 35.1
Mark A. Carlson, Thomas H. L. Selby

36. Executive Compensation in the Litigation Setting 36.1
Eli Bartov, Lynda H. Schwartz

37. Covenants Not to Compete (“Noncompete Agreements”or “NCAs”) 37.1
Elizabeth A. Evans, Kevin F. Rasmussen, Roman L. Weil

38. Employment Litigation 38.1
Christopher Haan, Elaine Reardon, Ali Saad

39. Fair Lending Litigation 39.1
Joshua Garcia, Valerie L. Hletko, H Joshua Kotin, Benjamin P. Saul

PART VI: CRIMINAL MATTERS AND INVESTIGATIONS

40. Tax Fraud: Criminal Cases 40.1
Edward M. Robbins Jr.

41. Financial Statement Investigations 41.1
Dean C. Bunch, Karen M. Cheek, Desi Ivanova

42. Health Care Fraud and False Claims Act Damages 42.1
Frank E. Correll Jr., Thomas A. Gregory, Gregory M. Luce, Karen A. Makara

43. International Investigations: Successful Planning and Execution 43.1
Sergio P. Negreira

PART VII: FAMILY LAW

44. Family Law Services 44.1
Donald A. Glenn, Charles A. Burak

About the Editors

About the Contributors

Index

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