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Case In Point

The 3 R’s of Being a Defense Expert – Readin’, Ritin’ and Rebuttin’

August 16th, 2017 by Rebekah Smith

In June, the National Association of Certified Valuators and Consultants (“NACVA”) held their annual conference in Chicago.  I was invited to speak on a topic of my choice and chose one of my favorite presentations – “The 3 R’s of Being a Defense Expert – Readin’, Ritin’ and Rebuttin’”.  I started the presentation by discussing […]

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Are Your Buy-Sell Agreements Addressing Issues Now or Causing Distress Later?

November 30th, 2016 by Keith Hock

Owning a successful business can provide a steady income, a growing net worth and security for families and future generations. Achieving these objectives can also be challenging – especially when there are multiple shareholders in a privately-held company with no market for its stock. In an effort to provide a mechanism for shareholders to sell […]

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Introduction to the Interns

August 4th, 2016 by mmohler

Hello! My name is MaKayla Tieu and I am a Forensic and Dispute Advisory Services (FDAS) intern at GBQ. I recently graduated from Otterbein University in May with my Bachelor’s in Accounting, with a Fraud Concentration, and a Business Administration Minor. I started working with the FDAS team in August of 2015 and it has […]

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In Case You Hadn’t Heard…To Dip or Double Dip, That Is The Question

July 11th, 2016 by mmohler

The Tenth District Court of Appeals recently upheld a trial court’s decision that found that double dipping was not inequitable under the facts and circumstances. This case, Gallo v. Gallo, 10th Dist. No. 15AP-442, 2016-Ohio-3530 (“Gallo II”), had been previously appealed based on the argument that the trial court improperly “double dipped” in awarding spousal […]

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GBQ Teaches at the National Judicial College

June 13th, 2016 by Rebekah Smith

I have been fortunate to be a facility member of the National Judicial College for the past several years, teaching economic damages and business valuation in their Complex Commercial Litigation and new judge training series. One session, called “A View from the Witness Stand,” is supposed to provide an expert’s perspective about how judges can […]

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In Case You Hadn’t Heard… New Case on Officers’ Excessive Compensation

May 9th, 2016 by mmohler

This case was initially brought by Lynn Edelman (“Mr. Edelman”), individually as a minority shareholder and on behalf of EDCO Tool and Supply, Inc. (“EDCO”), as a minority shareholder in EDCO. Mr. Edelman brought this proceeding against the majority shareholders and officers of EDCO alleging that the defendants did not allow minority shareholders access to […]

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Business Valuation and Double Dipping

February 19th, 2016 by Rebekah Smith

I spoke at Colorado’s 33rd National CLE Conference in Vail, Colorado on January 9th. My presentation covered advanced topics in business valuation as it relates to family law including “double dipping” (the use of income for both valuation and support) and personal goodwill issues. The key take aways from the presentation are discussed below. Double Dipping Counsel should […]

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Fraud Risk Assessments: An Ounce of Prevention…

February 15th, 2016 by Keith Hock

Benjamin Franklin famously stated that, “an ounce of prevention is worth a pound of cure.” This is definitely true when it comes to financial frauds – a fraud risk assessment (the prevention) is definitely better than fixing an internal control deficiency after a fraud (the cure). Let’s look at some numbers, according to the Association […]

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In Case You Hadn’t Heard…What Happens When Fantasy Sports and Fraud Coverage?

October 12th, 2015 by Keith Hock

As a boy, I loved playing baseball and basketball simulation games. Each turn of the game card was filtered through a player card based on actual statistics to create a hit or an out, a basket or a rebound. I would then compile the stats accumulated by my fictional teams (yes, I was a number-cruncher […]

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Saying Goodbye is Such Sweet Sorrow

August 7th, 2015 by Rebekah Smith

As we say goodbye this week to our summer intern, Shivani Bhatt, we asked her to tell you what it’s been like to work in the Forensic and Dispute Advisory Group (“FDAS”) here at GBQ.  Shivani has been a fantastic asset for our team these last few months and we are sad to see her […]

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In Case You Hadn’t Heard – Milestone Damages in Apple Case Revisited

July 23rd, 2015 by Associate

Apple, Inc.’s successful “i” products and services (iPhone, iPad, iTunes, etc.) have made it both the US’s most valuable company and likely one of its most sued companies. As my colleague Keith Hock detailed in his February blog post, patent litigation is a popular area of contention in today’s economy. In 2014 alone, Apple was […]

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A Day in the Life of a Forensic and Dispute Advisor

May 27th, 2015 by Associate

Often times when discussing my career with friends and family, I am asked, “What exactly do you do every day?” Many expect me to talk about a recurring month-end closing process or the rigors of tax season and are surprised to hear that my job duties are far from cyclical. I like to joke that […]

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In Case You Hadn’t Heard…The Queen City is Going to be Busy this Summer

May 18th, 2015 by Keith Hock

It seems like just yesterday that I was complaining about the wintertime cold and snow. Now, however (and quickly), it is summer; hot, humid and stormy (wiping out a weekend’s worth of baseball for my son’s team). Cincinnati seems to be particularly “hot” this summer – and I don’t mean the temperature. Here are just […]

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In Case You Hadn’t Heard…Can Nike “Just Do It” in the World of Intellectual Property?

April 15th, 2015 by Keith Hock

As a sports fan (I am very glad that baseball is back!) and an accountant, I am always interested when the sports and business worlds overlap. Registrations for sports related trademarks and the value of professional baseball teams indicate that sports are not just entertainment, they are big business. One of the giants in the […]

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In Case You Haven’t Heard…The NCAA Tournament Tips-Off in Columbus

March 19th, 2015 by Associate

In January, I wrote about how Columbus, Ohio is turning into a premier city for hosting large events. At that time, Columbus was in the midst of hosting the city’s first NHL All-Star game (which was a huge success!). Columbus also recently played host to the wildly-successful Arnold Schwarzenegger Sports Festival, which has grown so […]

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In Case You Hadn’t Heard…PGA Tour Caddie Bibs Are Quite Valuable

March 4th, 2015 by Associate

There’s an old adage in the golf world known as the “three ups” for caddies – show up, keep up, and shut up. Well, that final one is being put to the test.   A month ago, more than 80 professional caddies filed a multi-million dollar federal lawsuit against the PGA Tour. The issue at the […]

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In Case You Hadn’t Heard…Someone Should Patent Filing Patent Cases

February 20th, 2015 by Keith Hock

I am pretty sure that filing a patent case is not novel and, therefore, is not patentable. That is too bad because the volume of new cases in 2014 suggests that such a patent would have been very profitable (I’m always a day late…). A new study from Docket Navigator includes some interesting statistics about […]

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In Case You Hadn’t Heard…It’s Warm in Miami! 

February 11th, 2015 by Rebekah Smith

I taught at the National Judicial College in sunny Miami, Florida two weeks ago and the weather was so gorgeous that I almost did not come back to Central Ohio.  An attorney I work with said to me (disgustedly) you never tell me you are teaching somewhere like Des Moines (no disrespect to Des Moines […]

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In Case You Haven’t Heard…Rebekah Smith Named Partner

January 26th, 2015 by Sara Robertson

Earlier this month, GBQ announced that Rebekah Smith, CPA, CFF, CVA, MAFF, Director of Forensic and Dispute Advisory Services, is now a Partner in the Firm. Rebekah joined the firm in 2003 and has over 18 years of experience focusing on the areas of litigation consulting, forensic accounting, economic damages, and business valuations. You can […]

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In Case You Haven’t Heard… Columbus, Ohio Is THE Town For Hosting Events!

January 21st, 2015 by Associate

You may have already noticed the buzz around town and the new structures in the Arena District. Columbus is hosting several big events this weekend, sure to bring more than just traffic to the city. Nationwide Arena and the surrounding area will be the site of all 2015 NHL All-Star game festivities, marking the first […]

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In Case You Haven’t (But of Course You Have) Heard… About all the Sports Scandals?

February 5th, 2013 by Rebekah Smith

Perhaps my brain just works a little differently than other people… or perhaps I just have work so constantly on the brain that whenever I hear sensational news stories, my mind always tries to make a connection to economic damage calculations. For example, two notable scandal stories lately had my brain whirling, contemplating what, if […]

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GBQ to Host Fraud Prevention, Cyber Crime and Embezzlement Seminar with Huntington

August 30th, 2012 by Rebekah Smith

We at GBQ are exceptionally excited to partner with Huntington Bank on September 10th for a Fraud Seminar at the Creekside Conference & Event Center in Gahanna.  The featured speaker will be Mr. Greg Litster, President of SafeChecks.    Topics to be covered will include: How to Detect & Prevent Embezzlement Cyber Crime & Online […]

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In Case You Hadn’t Heard… Daubert Challenges Were Down in 2011

May 24th, 2012 by Rebekah Smith

PwC just issued their annual Daubert Challenges to Financial Experts: A yearly study of trends and outcomes.  Always an interesting study to read, here are a few excerpts from the report, which you can download for free if you follow the link above: Of all the expert testimony challenged during 2000-2011, 45% was excluded in whole […]

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In Case You Hadn’t Heard…GBQ expands South!

April 30th, 2012 by Rebekah Smith

The Reds, Skyline Chili, The Flying Pig Marathon, The Bengals, WKRP, and now, GBQ!!!   What do all of those things have in common?  As of last week, you can find them all in Cincinnati, Ohio! All of us here at GBQ are very excited to announce that last week we expanded to the Cincinnati market […]

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Case Update…The red-soled shoe saga continues (this also in, I still love shoes!)

January 14th, 2012 by Rebekah Smith

While nothing has changed about my love for shoes since my last post (although I have added a couple of pairs of great boots to weather the Ohio winter in style) there has been a new, and interesting development in the Yves Saint Laurent (YSL) and Christian Louboutin lawsuit.  If you’ll recall the lawsuit is […]

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A case of the “I told you so’s” (you were right Mom!)

August 17th, 2011 by Rebekah Smith

In June, I attended NACVA’s National Conference, where on Saturday, NACVA ran its Litigation Bootcamp for Financial Experts program which culminates in a live Jury Trial. The participants are afforded the opportunity to watch both the expert testimony and then the jury’s live deliberation. Interestingly the observations I take away from these mock trials are […]

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In Case You Hadn’t Heard…Altman Weil Law Firm Survey Indicates Law Firms are Confident!

June 29th, 2011 by Rebekah Smith

As financial experts, consultants, and valuation professionals, the outlook and performance of law firms has a direct impact on our practices.  If companies are working on estate planning with attorneys then there tends to be a related decline in estate valuations.  If merger and acquisition activity is down for a law firm, so is the […]

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Case Update: Tax Court uses Rule 702 and Daubert standard to exclude expert

June 2nd, 2011 by Rebekah Smith

Rule 702 of the Federal Rules of Evidence and the Daubert standard has been long used in the courts for excluding or including an expert’s testimony in civil cases but rarely, if ever, has been used in a tax court case. However, with a newly published case, Boltar LLC v Commissioner (2011 WL 1314445 (U.S. […]

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In case you haven’t heard…NACVA/IBA 2011 Annual Consultants’ Conference

March 31st, 2011 by Rebekah Smith

The National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA) are holding their 2011 Annual Consultants’ Conference in San Diego this year (June 8 – June 11, 2011).  I always look forward to this conference because of the quality speakers and the great networking with other valuation, litigation support, fraud and M&A […]

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Case Update: The Use of a Financial Expert

March 24th, 2011 by Rebekah Smith

The Defense in a lost profits/economic damages case usually has a difficult decision to make: whether or not to hire a financial expert. This decision can be an integral part of the overall strategy. On one hand, the Defense generally disagrees with the Plaintiff’s damage calculation and wants it to be adjusted. On the other […]

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In case you haven’t heard…NACVA and IBA Unified Business Valuation Standards

February 15th, 2011 by Rebekah Smith

The memberships of the National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA) overwhelmingly voted to ratify a joint set of principals developed jointly by a team of representatives from each organization.  Over the past several years, the business valuation organizations have tried but have failed to unify all the […]

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Case Procedure Changes: Import Changes to the 2010 Federal Rules of Civil Procedure

December 1st, 2010 by Rebekah Smith

Starting December 1, 2010, experts subject to Rule 26 of the Federal Rules of Civil Procedure will see some changes.  Rule 26 has been updated by several important amendments that impact the expert-attorney interaction. The goal behind the changes is to enhance the expert’s ability to collaborate with counsel and assist in developing and refining […]

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