Held at Toledo Bar Association
In Part I, the participants will consider the criteria for selecting the right expert to provide the court with business valuation or economic damage opinions. We will discuss qualifications, professional standards, and experience requirements for expert testimony. We will consider qualifying an expert using Frye, Federal Rule of Evidence 702, and the Daubert Trilogy. We will discuss the different standards of value, premise of value and methodologies generally accepted by the profession. We will identify the treaties generally accepted by the profession and the empirical studies available to the expert. Topics: • Purpose for business valuation and economic damage opinions • Credentials in business valuation, economic damage opinions, forensic analysis, fraud investigations, real estate, equipment, intellectual property, etc. • Professional standards • Experience requirements • Frye • Federal Rule of Evidence 702 • Daubert Challenge • Standards of Value and Premise of Value • Approaches and Methodologies • Treaties, Studies, and Empirical Evidence • Experience, Industry, Type of Asset, • Voir Dire; Motion in Limine • Multiple Experts • Evaluate the Expert Before Engaging the Expert.