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Business Valuation Expert Witnesses

Shareholders, business owners, and acquiring companies face litigation whenever the value of a closely held business, an equity interest, or a company’s assets is genuinely contested. These disputes commonly involve shareholder oppression and dissenting shareholder actions requiring a fair value determination, merger and acquisition disputes over purchase price adjustments and earnout calculations, and business damages claims requiring valuation of lost business value or lost profits. Because business valuation depends on the methodology applied and the assumptions built into a financial model, the central issue in these cases is typically whether the valuation approach used produces a defensible and well-supported estimate of value. Competing valuations often reflect different methodological choices rather than different underlying facts, which makes methodology the focus of litigation.

A business valuation expert applies recognized valuation methodologies, such as the income, market, and asset-based approaches, to develop a supportable opinion of a company’s or interest’s value as of the relevant valuation date. That analysis directly supports damages calculations in shareholder and business tort disputes, and it clarifies whether an opposing expert’s assumptions, discount rates, or market comparables are consistent with accepted valuation standards. In merger and acquisition disputes, the expert’s valuation opinion often determines the outcome of purchase price adjustment or earnout disputes by quantifying the value at the center of the disagreement. Because valuation conclusions can vary significantly based on methodology, the expert’s report and testimony give counsel the technical foundation needed to challenge an opposing valuation and support settlement or trial strategy.

Because valuation opinions can differ substantially depending on the methodology and professional judgment applied, selecting a business valuation expert with directly relevant credentials and industry experience is essential to a defensible case. The experts we can provide include Certified Valuation Analysts, Accredited Senior Appraisers, and CPAs with decades of experience valuing businesses across industries ranging from manufacturing to biotechnology to professional practices. Round Table Group has completed more than 75,000 expert searches for litigators, and we apply that experience to match counsel with business valuation experts whose specific industry background fits the case. Let us help you find the right business valuation expert for your case by calling us at (202) 908-4500.

Kinds of Cases We Work On

Round Table Group helps our clients find a wide variety of Business Valuation expert witnesses for cases like:

01

Shareholder Appraisal Rights Dispute

After a going-private merger valued a mid-sized manufacturer at a substantial sum, a group of institutional shareholders exercised appraisal rights, arguing the merger price undervalued the company by more than 25 percent. We identified experts with experience in discounted cash flow valuation, guideline public company analysis, and merger and acquisition fairness standards. The expert's independent DCF model, built on the company's own management projections, supported a fair value well above the deal price, anchoring the court's appraisal award.
02

M&A Purchase Price Adjustment Dispute

A buyer and seller disputed a post-closing working capital true-up after the buyer's calculation meaningfully reduced the purchase price of a distribution business, which the seller argued misapplied the deal's accounting conventions. We identified experts with experience in purchase price adjustment mechanics, working capital analysis, and GAAP accounting interpretation. The expert's recalculation under the purchase agreement's specified accounting methodology supported most of the seller's position, narrowing the adjustment significantly.
03

Earnout Valuation Methodology Dispute

A seller sued an acquirer after post-closing changes to a subsidiary's product mix and cost allocations reduced an earnout payment tied to EBITDA targets from a substantial expected sum to nearly zero. We identified experts with experience in earnout and contingent consideration valuation, EBITDA normalization, and post-acquisition accounting practices. The expert's reconstruction of EBITDA using pre-acquisition accounting conventions found the earnout target had in fact been met, supporting the seller's breach of contract claim.
04

JV Dissolution Buyout Valuation Dispute

Two joint venture partners in a specialty manufacturing business disagreed over the buyout valuation triggered by dissolution, with competing appraisals differing substantially. We identified experts with experience in business valuation for closely held companies, industry-specific market multiple analysis, and minority and control premium adjustments. The expert's reconciliation of the competing valuations identified an unsupported control premium in the departing partner's appraisal, narrowing the buyout price toward the remaining partner's position.
05

Fairness Opinion Negligence Claim

A company's board sued its financial advisor after a fairness opinion supporting a merger was later challenged in shareholder litigation, alleging the advisor's valuation analysis relied on stale comparable transactions that overstated the deal's fairness. We identified experts with experience in fairness opinion standards, comparable transaction analysis, and investment banking valuation practices. The expert's review of the advisor's transaction comparables found several were no longer representative of current market conditions, supporting the board's professional negligence claim.
06

ESOP Valuation Dispute

An ESOP trustee sued the selling shareholders of a family-owned distribution company, alleging the stock purchase price paid by the ESOP substantially exceeded fair market value based on an overly optimistic growth forecast. We identified experts with experience in ESOP fiduciary valuation standards, discounted cash flow analysis, and closely held company valuation. The expert's independent valuation using more conservative, historically supported growth assumptions found the ESOP had overpaid, supporting the trustee's breach of fiduciary duty claim.
07

Buy-Sell Agreement Valuation Dispute

Two shareholder holding entities in a professional services firm disputed the valuation used to trigger a buy-sell agreement after one entity sought to exit, with the departing entity's appraisal meaningfully exceeding the remaining owners'. We identified experts with experience in professional services firm valuation, buy-sell agreement interpretation, and capitalization of earnings methodology. The expert's application of the agreement's specified valuation formula to the firm's actual historical earnings supported the remaining owners' lower valuation, resolving the dispute in arbitration.
08

Minority Shareholder Oppression Buyout Dispute

A minority investment entity sued a closely held manufacturing company after being frozen out of distributions, seeking a court-ordered buyout at a valuation the company argued should reflect a substantial minority discount. We identified experts with experience in minority shareholder valuation standards, discount for lack of control and marketability analysis, and closely held business appraisal. The expert's opinion that oppression findings typically preclude minority discounts under the jurisdiction's case law supported a buyout price without the disputed discount.
09

Solvency Opinion Litigation

A creditors' committee sued the firm that issued a solvency opinion supporting a leveraged dividend recapitalization, alleging the opinion substantially overstated the company's enterprise value and enabled a fraudulent transfer. We identified experts with experience in solvency analysis, enterprise valuation for leveraged transactions, and insolvency accounting standards. The expert's contemporaneous reconstruction of the company's enterprise value using the same methodology found it insufficient to support solvency at the time of the dividend, supporting the committee's fraudulent transfer claim.
10

Goodwill Impairment Indemnification Dispute

An acquirer sought indemnification from a seller after goodwill from a recent acquisition was substantially impaired within a year of closing, alleging the seller's pre-closing projections used to justify the purchase price were unsupportable. We identified experts with experience in intangible asset and goodwill valuation, purchase price allocation analysis, and business projection reasonableness review. The expert's comparison of the seller's projections against the target's actual historical performance found the growth assumptions lacked a reasonable basis, supporting the acquirer's indemnification claim.

Here are a few of our favorite Business Valuation Expert Witnesses:

Texas Business Valuation Expert #925

I have 30 years of experience, and specialize in the field of business valuation and economic damage analysis with specific knowledge in the areas of medical practices and professional service organizations, wholesale distribution, and manufacturing and construction companies. I have published on such topics as business valuation and federal income tax. I have testified 40 times on topics such as business valuation, economic damages and lost profits, and federal tax law.

 

California Business Valuation Expert #3206

I have 31 years of experience and specialize in the field of financial economics with specific knowledge in the areas of business valuation, economic damages and statistics. I have published on such topics as business valuation, economic damages and government regulation of business. I have testified 90 times on topics such as valuation, damages, statistics, employment discrimination and intellectual property cases.

 

Illinois Business Valuation Expert #5862

I have 11 years of experience in the field of business valuation with specific knowledge in the areas of cost of capital, risk premia, and discounting cash flows. I have published on such topics as cost of capital, size premia and industry premia. I have testified on cost of capital, risk premia and cash flow analysis.

 

Missouri Business Valuation Expert #9434

I have 10 years of experience and specialize in the field of litigation support with specific knowledge in the areas of business valuation, loss calculations and asset tracing. I have testified 25 times on topics such as business valuation, loss calculations and asset tracing.

 

Kentucky Business Valuation, Diversity Expert #11539

I have 29 years of experience, and specialize in the field of finance with specific knowledge in the areas of business valuation, portfolio performance analysis and financial analysis. I have published on such topics as securities regulation, portfolio performance, and personal finance.

 

Your Case Deserves The Best Business Valuation Expert Witnesses

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Ohio Business Valuation, Economic Expert #12047

I have 20 years of experience, and specialize in the field of business valuation with specific knowledge in the areas of divorce litigation, owner disputes and gift and estate tax purposes. I have published on such topics as valuation, succession planning and forensic accounting. I have testified on valuation, lost profits and accounting investigations.

 

Florida Business Valuation Expert #12070

I have 20 years of experience, and specialize in the field of valuation with specific knowledge in the areas of business valuation, family law and real estate.

 

California Business Valuation Expert #14657

I have 35 years of experience in the fields of accounting and economics, with specific knowledge of business valuation, loss calculations and accounting standards. I have published on such topics as business valuation, fraud, and ethics.

 

Florida Business Valuation Expert #14765

I have 17 years of experience in the field of business valuation, with specific knowledge in the areas of medical and auto insurance. I have published on such topics as advance business valuation theory, computation of business damages, and option pricing theory.

 

Florida Business Valuation, Construction Expert #17242

I have 20 years of experience in the field of economics, with specific knowledge of real estate, construction and valuation. I have published on such topics as valuation issues, real estate and condemnation. I have testified 25 times on topics such as damages, standards of care and valuation.

 

Utah Lost Profits, Business Valuation Expert #19602

I have 20 years of experience and specialize in the field of forensic economics, with specific knowledge of commercial damages, business valuation and agricultural cases. I have published on such topics as lost profits, business valuation and damages in injury cases.

 

California Business Valuation Expert #22328

I have 25 years of experience and specialize in the fields of real estate and business, with specific knowledge of real estate appraisal, feasibility analysis and business valuation. I have published on such topics as real estate valuation and political risk analysis for businesses. I have testified on real estate valuation.

 

Illinois Business Valuation, Estate Expert #22447

I have 54 years of experience and specialize in the field of accounting with specific knowledge in the areas of business valuation, tax and consulting. I have published on such topics as valuation of businesses, financial statements and financial planning for divorce. I have testified 75 times on topics such as business valuation, damages and accountant malpractice.

 

Maryland Business Valuation Expert #24622

I have 46 years of experience, and specialize in the field of public accounting with specific knowledge in the areas of business valuation, merger and acquisitions, and forensics. I have published on such topics as the validity of regression as it applies to direct market transaction data, how a business valuator and financial forensic professional can support an attorney, and valuations in litigation. I have testified 8 times on topics such as business valuations, personal goodwill and miniority interest value.

 

Oregon Business Valuation, Appraisal Expert #25512

I have 11 years of experience, and specialize in the field of business valuation with specific knowledge in the areas of business valuation, damages and valuation discounts. I have testified on business valuation, lost business value and valuation discounts.

 

Georgia Intellectual Property Valuation Expert #26177

This sample expert is a financial professional with extensive experience in business valuation, litigation consulting and litigation support, intellectual property valuation and analysis, forensic accounting and records reconstruction, fraud investigation and analysis, and management strategy and risk assessment.

 

California Business Valuation Expert #27264

I have 25 years of experience in the field of economics, with specific knowledge of wage loss, employment class actions and business valuations. I have published on such topics as forecasting interest rates, forecasting wage growth and pension valuations. I have testified 99 times on topics such as wage loss, employment class actions and business valuations.

 

Florida Commercial, Business Valuation Expert #27780

I have 25 years of experience and specialize in the field of real estate appraising, with specific knowledge of real estate, financial and economic real estate feasibility and litigation appraising. I have testified 50 times on topics such as real estate valuation, zoning and related issues.

 

New Jersey Business Valuation Expert #30252

I have 12 years of experience, and specialize in the field of litigation support and forensic accounting with specific knowledge in the areas of business evaluation, matrimonial matters and forensic accounting. I have published on such topics as locating concealed income in matrimonial matters. I have testified 10 times on topics such as business valuation, compensatory damages and concealed income.

 

Connecticut Business Valuation Expert #32387

I have 16 years of experience in the field of accounting, with specific knowledge of business valuation, lost profit calculations and forensic accounting. I have published on such topics as the pitfalls of buy-sell agreements. I have testified on business valuation, lost profits and forensic accounting.

 

Illinois Business Valuation Expert #34187

I have 30 years of experience in the field of accounting, with specific knowledge of business valuations, auditing, and fraud examination. I have published on such topics as international accounting, accounting disclosure, and auditing. I have testified on business valuation, income verification, and fraud examination.

 

Illinois Business Valuation, Divorce Expert #34751

I have 6 years of experience, and specialize in the field of tax, valuation, and valuation with specific knowledge in the areas of business valuation, shareholder disputes and divorce.

 

Pennsylvania Valuation, Business Valuation Expert #35171

I have 40 years of experience, and specialize in the field of accounting with specific knowledge in the areas of business valuation, taxation and financial analysis. I have published on such topics as business valuation, Daubert and motions in Limne and trial techniques. I have testified 45 times on topics such as business valuation, lost profits and lost earning capacity.

 

New Jersey Business Valuation Expert #36765

I have 30 years of experience in the field of finance with specific knowledge in the areas of business valuation, damage valuation and divorce settlements. I have published on such topics as small business management, banking and application of finance theory. I have testified on damage valuation and business valuation.

 

Virginia Business Valuation Expert #36838

I have 23 years of experience and specialize in the field of corporate finance with specific knowledge in the areas of accounting, finance and valuation. I have published on such topics as solvency, valuation, and merger and acquisitions. I have testified 9 times on topics such as merger synergies, lost profits, and valuation and solvency.

 

Indiana Business Valuation, Damages Expert #42546

I have 41 years of experience and specialize in the field of business valuation and litigation support with specific knowledge in the areas of business valuations and financial forensics, damages and bankruptcy. I have published on such topics as business valuation, litigation support and damages.

 

Arizona Business Valuation, Retail Expert #42963

I have 20 years of experience, and specialize in the field of business valuation with specific knowledge in the areas of beverage, snack and retail. I have published on such topics as business valuation, litigation support and expert witness work and networking. I have testified 50 times on topics such as business valuation, financial damages and unjust enrichment.

 

Texas Business Valuation Expert #44832

I have 37 years of experience and specialize in the field of business appraisal with specific knowledge in the areas of goodwill, machinery and equipment. I have published on such topics as business appraisal, machinery and equipment appraisal. I have testified 27 times on topics such as goodwill, business appraisal, and machinery and equipment appraisal.

 

South Carolina Business Valuation Expert #48998

I have 15 years of experience and specialize in the field of investments with specific knowledge in the areas of business valuation, discount rates and economic damages. I have published on such topics as investments, real estate and neural network forecasting. I have testified on economic damages.

 

Put Our Business Valuation Expert Network to Work for You

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If you’re a litigator or general counsel, we want to put this network to work for you and your clients. Let us know how we can help by calling us at (202) 908-4500 or filling out the form on this page. We’re so confident you’ll love what we do that unless you retain an expert we present there’s no charge!

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Questions Attorneys Ask About Business Valuation Expert Witnesses:

A business valuation expert is typically needed when a shareholder oppression or dissenting shareholder action requires a fair value determination, when a merger or acquisition dispute turns on a purchase price adjustment or earnout calculation, or when a business tort claim requires quantifying lost business value or lost profits. Counsel often retains the expert early to develop an independent valuation before opposing counsel’s valuation is finalized.
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