Jan 21
Happy Tax is a smaller, lesser known competitor to H&R Block, one of the leaders in the tax preparation industry. Happy Tax alleges that H&R Block misleads the public by advertising its upfront and transparent pricing plan is available “only from H&R Block.” Happy Tax contends this pricing strategy was Happy Tax’ innovation, and that it …
Permanent link to this article: https://betweenthenumbers.net/2019/01/happy-tax-alleges-false-advertising-claim-against-hr-block/
Jan 19
Economic damages should return a plaintiff to the position they would have been in “but for” the underlying improper act[s] by the defendant. They should not provide a windfall to plaintiff. In a similar vein, whether such damages are taxable is generally related to how the proceeds would have been treated if obtained in the …
Permanent link to this article: https://betweenthenumbers.net/2019/01/when-litigation-proceeds-are-taxable/
Oct 31
There has been a flurry of activity in the emerging legalized cannabis industry, as regulations and restrictions continue to decrease. Given that the U.S. cannabis market is estimated to be approximately $60 billion, with still plenty of room to grow, it is not surprising that many investors are looking at this industry. However, prudent investors …
Permanent link to this article: https://betweenthenumbers.net/2018/10/cannabis-company-valuations-present-unique-challenges/
Oct 10
American seniors, holding trillions in wealth, are increasingly targeted by fraudulent schemes to separate them from their hard earned savings. This epidemic of elder financial abuse takes on many forms, including: Predatory Lending, often using reverse mortgage loans Pyramid or Ponzi schemes with promises of unreasonably high returns Internet/Email phishing to obtain access to bank …
Permanent link to this article: https://betweenthenumbers.net/2018/10/the-many-forms-of-elder-financial-abuse/
Dec 30
General Cable Corporation announced that it has entered into a joint settlement with the Securities and Exchange Commission (“SEC”) and Department of Justice (“DOJ”) for a total payment of $82.3 million to address investigations into violations of the U.S. Foreign Corrupt Practices Act (“FCPA”) and separate allegations regarding financial restatements. In 2014, General Cable voluntarily …
Permanent link to this article: https://betweenthenumbers.net/2016/12/general-cable-settles-with-sec-and-doj-for-82-3-million/
Sep 02
A recent article available at www.digitaltrends.com describes how virtual reality may soon allow jurors to explore crime scenes as they actually appeared. In the article, Dr. Mehzeb Chowdhury, a researcher in forensic science and criminal investigations at Durham University in the U.K.m describes his MABMAT robotic imaging system as capable of capturing every detail of an …
Permanent link to this article: https://betweenthenumbers.net/2016/09/virtual-reality-will-change-the-way-juries-view-evidence/
Aug 21
After the last Olympics, Ryan Lochte enjoyed a nice run of endorsements deals, reportedly enjoying over $2 million from a host of well known brands. However, after the highly publicized recent Olympic debacle in which he allegedly destroyed property and then claimed to have been robbed, it is likely that he will not enjoy a …
Permanent link to this article: https://betweenthenumbers.net/2016/08/lochte-likely-loses-much-more-than-his-wallet-in-olympics-debacle/
Apr 04
The American Institute of Certified Public Accountants (“AIPCA”) recently released the findings of its most recent Survey on International Trends in Forensic and Valuation Services (“Survey”). The Survey polled 443 professionals, including 55% who worked in public accounting and/or consulting firms. The remainder were professionals working in business and industry, education, law enforcement, and government. …
Permanent link to this article: https://betweenthenumbers.net/2015/04/the-results-are-in-for-the-2014-aicpa-trends-in-forensic-and-valuation-services-survey/
Permanent link to this article: https://betweenthenumbers.net/2015/02/new-standard-of-value-for-appraisal-under-louisiana-law/
Dec 19
Forty “rising stars” in the field of business valuation and forensic accounting were recently honored by The National Association of Certified Valuators and Analysts (“NACVA”). Following a nationwide examination of practitioners in the field, the NACVA named its “Forty Under 40” list of top, up-and-coming valuation experts. The honorees exemplified the founding principles of the NACVA, …
Permanent link to this article: https://betweenthenumbers.net/2014/12/forty-under-40-honored-by-the-national-association-of-certified-valuators-and-analysts/
Feb 19
New Standard of Value for Appraisal under Louisiana Law
February 19, 2015
Louisiana has changed the applicable standard of value in its new Louisiana Business Corporations Act. Under the law, shareholders have a right to avoid the effects of certain corporate actions by selling the shareholder’s shares to the corporation, paid in cash. Under certain circumstances more fully described in the bill, shareholders have such rights in …
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