| Valuation and Forensic Issues in Corporate Divorce Actions
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Update
Prerequisites: Participants need a background in the subject area and desire to keep current.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
This webinar will focus on common and unique attributes that arise in shareholder disputes for non-public companies, including the difficulties in obtaining discovery when representing minority owners, the damaging impact of negative inferences, valuation issues and limitations under state statues or case law, and myriad issues and allegations faced in the complaint and counter claims process. This session will also spotlight business valuations and shareholder true-up calculations.
After completing this webinar, attendees will be able to:
- Identify real-life issues encountered and how to respond to them in a corporate divorce action
- Recognize the effect of the jurisdictional impact for issues such as the standard of value to be employed and discounts allowable in a corporate divorce action
- Demonstrate knowledge in investigating claims and identify relevancy or impact to the case
- Demonstrate skills to effectively ask information-seeking questions and use in a valuation or forensic report
Who Should Attend
Hubert Klein, CPA/ABV, CVA, CFE, CFF
Mr. Hubert Klein is a Partner in the Litigation Services Group. With nearly 27 years of experience, Mr. Klein is frequently called upon as a technical resource in various litigation actions. He has consulted and provided services in matters including complex damages, business valuations, due diligence analysis, fraud investigations, matrimonial proceedings, lost profit calculations, shareholder disputes, insurance claims analysis, succession planning, and estate and gift planning.
In addition, Mr. Klein has served as an agreed upon neutral expert and as an expert witness appointed by judges in the above types of matters and to issue reports for the courts on these cases. He has also been appointed by various courts to serve as a Receiver, Provisional Director, Special Fiscal Agent and Court’s Independent Forensic Auditor in various civil litigation matters. Mr. Klein has experience in providing traditional accounting services such as financial statement and tax return preparation, financial analysis, and consulting services for closely-held businesses.
As a strong proponent of professional development, Mr. Klein frequently speaks to both business and civic groups on topics such as business valuation, forensic accounting, commercial damages and fraud. He has presented to both regional and national organizations.
Mr. Klein received his B.S. in Accounting, magna cum laude, from Johnson & Wales University, and has an A.S. in Computer Systems Management.
He is a member of the American Institute of Certified Public Accountants (AICPA), serving on the Forensic and Litigation Service Committee and Fraud Task Force. As an active member of the New Jersey Society of Certified Public Accountants (NJSCPA) Valuation and Litigation Support Resource Group, Mr. Klein serves on their Litigation and Valuation Services Group and Forensic Services Interest Group. He is a member of the National Association of Certified Valuation Analysts (NACVA) State Chapter Committee and was a former NACVA New Jersey State Chapter President. He is also a member of the Association of Certified Fraud Examiners (ACFE). In addition, Mr. Klein has been appointed to the Meadowlands 2040 Council, an economic development “Think Tank” for the Meadowlands and surrounding area, and is a member of the 200 Club of Bergen County.