Bailes & Co., P.C. offers a full range of consulting and litigation support services for complex financial litigation. The list below shows some of the areas of litigation where we have experience in providing support.
· Divorce
· Asset Tracing
· General Business Litigation
· Insurance Consultants/ Claims
· Oil & Gas Royalty Disputes
· Business Interruption or Loss
· Fraud Investigation & Forensic Accounting
· Lost Earnings/Profits/ Value
· Mediation Assistance
· Antitrust
· Class Action Disputes
· Economic Damages
· Wrongful Termination, Discrimination
· Breach of Contract
· Personal Injury/Wrongful Death
· Professional Malpractice
· Bankruptcy
· Trust & Estate Disputes
· Intellectual Property Infringement/Damages
· Product Liability
· Lender Liability
Expert Witness
A CPA often serves as either an expert witness or as a consultant. Expert witnesses and CPA consultants are often used in situations such as the following:
· Divorce
· Dissolution of business
· Economic loss
· Breach of contract
· Partner disputes
· Dissenting shareholders
· Bankruptcy
Things to check before hiring an expert witness or consultant include:
· Does the expert witness have expert witness experience?
· What professional designations does the expert witness hold?
· Has the expert witness received continuing education particularly in the area needed such as litigation requiring · Business Valuation?
· How long has the valuation analyst been performing business valuations, i.e., how much valuation experience does the expert witness have?
· Are good references readily available for the valuation analyst?
A business appraiser also may work as a consultant to assist with such things as:
· Reviewing the valuation clause in a buy-sell agreement.
· Review of other expert's work.
· Interpreting a company's financial statements and other information.
· Exploring the strengths and weaknesses of both sides of the case.
· Determining which discovery documents may be useful or necessary for analysis.
Developing questions to ask opposing expert or principals regarding valuation facts and issues. As a consultant, a CPA acts as an adviser for the attorney. In a business appraiser and expert witness role, the appraiser must not be an advocate for either side.
Intellectual Property Disputes
Intellectual Property Disputes arise frequently as new technologies are created and evolve. Often these disputes are of great importance to the parties involved. Our team has experience in dealing these types of disputes and the related economic damage claims. Our professionals have provided litigation support services on disputes such as patent infringement, trade secret misappropriation and copyright infringement. Our professionals have performed damage analysis involving reasonable royalties, lost profits, unjust enrichment and lost value claims, among others across a wide range of industries and technologies.
Business Litigation Support
Bailes & Co., P.C. uses forensic accounting and business consulting to resolve controversies relating to the financial consequences of an event that has occurred. Our professional team members have the experience, expertise, and credibility to effectively communicate their findings to clients, courts, arbitrators, and mediators in cases involving:
· Shareholder disputes
· Commercial and contractual disputes
· Fraud and embezzlement
· Business interruption claims
· Damage analysis
We help our attorney clients understand our role and how to best use us as a resource of knowledge regarding business issues.
CPA/ABV
A CPA who is Accredited in Business Valuation (CPA/ABV) can help you by providing a thorough understanding for financial statement analysis, taxation, economics and business management across a wide range of industries. A clear and comprehensive knowledge of these issues can make a huge difference as you prepare your legal strategy. The Certified Public Accountants of Bailes & Co., P.C. have the training, education, experience and sound judgment needed in any business valuation. We have the resources to perform those valuations quickly and competently. And we have the highly concentrated focus which you and your clients deserve. Bailes & Co., P.C. has two ABVs on staff, Robert Bailes and Dorothy Peterson, Certified Public Accountants accredited in business valuation by the American Institute of CPAs.
