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Fairfield Forensic and Valuation Services, LLC
Business Valuation, Forensic Accounting
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Clients and Representative Engagements
Engagement Type
Litigated Business Divorce
Litigated Business Divorce
Mediated Business Divorce
Economic Damages
Economic Damages
M&A Due Diligence
Fraud Investigation
Fraud Investigation
Business Valuation for Tax Compliance
Business Valuation for Financial Statements
Bankruptcy Services
Client Profile
Holders of a 28% collective interest in a private, real estate holding company
Holder of a 6.4% interest in a private, proprietary software company
50% owner in $30MM private company
50% partner in start-up of “fund of funds”
Flavored bottled water company
$100MM private investment company
Major health insurance company
Prominent sports figure
Large holder of NYC commercial property
Brazilian corporate purchaser of U.S. food additive manufacturer
Chapter 11 Debtors and Chapter 7 Trustees
Services Provided
Determination of the “fair value” of the minority shareholders’ collective interest. Landmark decision obtained regarding treatment of the built-in capital gains tax (“BIG”) liability for valuation purposes.
Determination of damages, including reduction in “fair value”, resulting from the actions taken to suppress our client’s rights as a minority shareholder. Highly favorable settlement was reached within ten days of the issuance of our expert report.
Forensic accounting to determine prior disproportionate benefits realized by controlling member, valued 50% interest, assistance to counsel in negotiation of buy-out terms, monitoring compliance with earn-out kicker provisions.
Calculation of breach of fiduciary duty damages in shareholder freeze-out and theft of corporate opportunity matter. Provided expert testimony; favorable judgment obtained.
Calculation of breach of contract damages related to vendor’s failure to provide flavor additives and process technology.
Post-acquisition investigation of diverted production and fraudulent financial statements. Success resulted in subsequent pre-acquisition due diligence assignment from same client.
Investigation of $10 MM kick-back scheme related to computer purchases. Provided grand jury and criminal trial testimony; convictions obtained.
Investigation of improprieties by financial manager. Arbitration testimony provided; favorable judgment obtained.
Determined the fair market value for compensation purposes of a 2.5% membership interest in a single property entity with a complex, multi-tier debt and ownership structure.
Allocation of purchase price, including valuation of intangible assets, including customer relationships, developed process & product technology and in-process R&D.
Analysis and preparation of expert reports related to solvency and the recoverability of alleged fraudulent transfers and preferential payments.
