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Patent Damages Part II - NACVA/CTI Webinar

Posted on May 7, 2014 at 6:05 PM Comments comments (0)

Here is the summary of the Patent Damages, Part 2.  Is this a course that would benefit WA NACVA members? Other WA NACVA Professionals?

 

Webinars

 

Patent Damages, Part 2

Thursday, May 8, 2014

 

2:30 p.m. Central time (CT) and 3:30 p.m. Eastern time (ET)

 

These Business and Intellectual Property Damages Webinars, together with the Legal Theory and Case Law Webinar, Forensic Accounting/Investigative Methodologies Webinar, and the Litigation Bootcamp for Financial Experts live training, are required for individuals seeking the Master Analyst in Financial Forensics (MAFF) credential. Applicants must also meet prerequisite requirements and pass the MAFF proctored exam.

 

Program Content

 

These Business and Intellectual Property Damages Webinars focus on the legal foundations, methodology, best practices, and current trends in business damages and infringement of patents, trademarks, copyrights, and

other intellectual property. The Webinars are based on Nancy Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with contributing author Rebekah Smith, the preeminent book in the industry.

business damages, which is included in the cost of registration (a retail value of over $300). Through case analysis, attendees will have the opportunity to identify and apply the most appropriate methodology in the analysis and

formulation of damages opinions from the perspectives of both plaintiff and defendant. Attendees will learn how to build their damages analysis in a manner that will withstand the most rigorous challenges.

 

During the Webinars, the attendee will refresh themselves on basic economic damages concepts and then delve deeper into more advanced topics such as the differences between lost profits and loss of business value as well as

understanding when it is appropriate to apply one or both methods. The Webinars will also explore how legal theories, code sections, and case law govern business damages. Advanced concepts, such as how to conduct qualitative and quantitative analyses that will survive the court’s scrutiny; how revenue and profit projections can be impacted by risk; how business interruption insurance and damage claims collide; how to discount damage calculations, including the court’s view on discounting; how to prove new business damages; and how to identify other industry-specific issues that impact the damage calculation, will be covered. Other topics and techniques will be discussed such as how motions can impact the financial expert and ways to protect oneself from Daubert challenges as well as other motions in limine. A case study will be used to identify and analyze the topics discussed clarifying subjects in question.

 

The Webinars will also present an overview of intellectual property and forms of intellectual property damages based on portions of Nancy J. Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with

contributing authors Richard Hoffman and Richard F. Bero. A portion of the time will be used to discuss topical Federal Circuit decisions, key legal cases, and factors based on the fundamental Panduit and Georgia-Pacific cases, as well as recent cases addressing current issues such as the entire market value rule (EMVR) and comparable license agreements, among others. Other topics will include patent damage concepts and how valuation concepts and patented technology have an influence on determining the appropriate form of patent damages. A variety of case studies will be used to expand these concepts as well as trademark and copyright damages issues.

 

Learning Objectives

 

  • After completing this session, attendees will be able to:
  • Apply quantitative methodologies in the measurement of damages
  • Apply damages methods and models appropriate to the facts and circumstances (and the governing law)
  • Apply advanced damages concepts in preparing a damage calculation that will withstand scrutiny
  • Evaluate business interruption insurance and damage claims
  • Discuss forms of intellectual property damages
  • Explain the similarities and differences in utility patent, design patent, trademark, copyright, and trade secrets damages
  • List relevant cases addressing intellectual property damages
  • Apply valuation concepts to intellectual property damages
  • Identify the basic components to address in an intellectual property damages expert report
  • Describe and understand the recent history of the entire market value rule (EMVR)
  • Recognize the relevant considerations in whether or not license agreements are sufficiently comparable

 

Who Should Attend

 

CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.

 

The Business and Intellectual Property Damages are required training to obtain the Master Analyst in Financial Forensics (MAFF) credential.

 

Presenters

 

Richard F. Bero, CPA, CVA, ABV

 

Rebekah Smith, CPA, CVA, MAFF, CFF

 

Howard Zandman, CPA, CFF, MAFF


Patent Damages, Part I - NACVA Webinar on May 7 2014

Posted on May 7, 2014 at 5:50 PM Comments comments (0)

I am listening to a webinar on Patent Damages that Rick Bero and another atty (Wisconsin), it is a good presentation.  Is this someting that shold be offered to WSBA members? on NACVA WA State members? What are your thoughts?


Here is a summary of what is covered:

 

Patent Damages, Part 1

Wednesday, May 7, 2014

 

2:30 p.m. Central time (CT) and 3:30 p.m. Eastern time (ET)

 

These Business and Intellectual Property Damages Webinars, together with the Legal Theory and Case Law Webinar, Forensic Accounting/Investigative Methodologies Webinar, and the Litigation Bootcamp for Financial Experts live training, are required for individuals seeking the Master Analyst in Financial Forensics (MAFF) credential. Applicants must also meet prerequisite requirements and pass the MAFF proctored exam.

 

Program Content

 

These Business and Intellectual Property Damages Webinars focus on the legal foundations, methodology, best practices, and current trends in business damages and infringement of patents, trademarks, copyrights, and

other intellectual property. The Webinars are based on Nancy Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with contributing author Rebekah Smith, the preeminent book in the industry on

business damages, which is included in the cost of registration (a retail value of over $300). Through case analysis, attendees will have the opportunity to identify and apply the most appropriate methodology in the analysis and

formulation of damages opinions from the perspectives of both plaintiff and defendant. Attendees will learn how to build their damages analysis in a manner that will withstand the most rigorous challenges.

 

During the Webinars, the attendee will refresh themselves on basic economic damages concepts and then delve deeper into more advanced topics such as the differences between lost profits and loss of business value as well as

understanding when it is appropriate to apply one or both methods. The Webinars will also explore how legal theories, code sections, and case law govern business damages. Advanced concepts, such as how to conduct qualitative and quantitative analyses that will survive the court’s scrutiny; how revenue and profit projections can be impacted by risk; how business interruption insurance and damage claims collide; how to discount damage calculations, including the court’s view on discounting; how to prove new business damages; and how to identify other industry-specific issues that impact the damage calculation, will be covered. Other topics and techniques will be discussed such as how motions can impact the financial expert and ways to protect oneself from Daubert challenges as well as other motions in limine. A case study will be used to identify and analyze the topics discussed clarifying subjects in question.

 

The Webinars will also present an overview of intellectual property and forms of intellectual property damages based on portions of Nancy J. Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with

contributing authors Richard Hoffman and Richard F. Bero. A portion of the time will be used to discuss topical Federal Circuit decisions, key legal cases, and factors based on the fundamental Panduit and Georgia-Pacific cases, as well as recent cases addressing current issues such as the entire market value rule (EMVR) and comparable license agreements, among others. Other topics will include patent damage concepts and how valuation concepts and patented technology have an influence on determining the appropriate form of patent damages. A variety of case studies will be used to expand these concepts as well as trademark and copyright damages issues.

 

Learning Objectives

 

  • After completing this session, attendees will be able to:
  • Apply quantitative methodologies in the measurement of damages
  • Apply damages methods and models appropriate to the facts and circumstances (and the governing law)
  • Apply advanced damages concepts in preparing a damage calculation that will withstand scrutiny
  • Evaluate business interruption insurance and damage claims
  • Discuss forms of intellectual property damages
  • Explain the similarities and differences in utility patent, design patent, trademark, copyright, and trade secrets damages
  • List relevant cases addressing intellectual property damages
  • Apply valuation concepts to intellectual property damages
  • Identify the basic components to address in an intellectual property damages expert report
  • Describe and understand the recent history of the entire market value rule (EMVR)
  • Recognize the relevant considerations in whether or not license agreements are sufficiently comparable

 

Who Should Attend

 

CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.

 

The Business and Intellectual Property Damages Webinars are required training to obtain the Master Analyst in Financial Forensics (MAFF) credential.

 

Presenters

 

Richard F. Bero, CPA, CVA, ABV

The above seems pretty relevant ... but are they relevant to Chelan Cty BV professionals?  Seattle valuation  professonals?  Lrt me know your thoughts!

IP Damages Calculation Webinar. Offer this to NACVA WA Chapter? Open to others that are not NACVA members? both WA NACVA and non-members, such as WSBA Attorneys too?

Posted on May 6, 2014 at 12:15 AM Comments comments (0)

As with the earlier post today, here is another good webinar that may be of interest to WA NACVA members and possibly attorneys.  This is material that could be of help to experienced and new attorneys and I am struggling with whether to approach the WSBA to bless this for credit and split the nominal fee paid.  Again, this is not material that the WSBA or the sections offer .... but should offer!

 

These Business and Intellectual Property Damages Webinars, together with the Legal Theory and Case Law Webinar, Forensic Accounting/Investigative Methodologies Webinar, and the Litigation Bootcamp for Financial Experts live training are required for individuals seeking the Master Analyst in Financial Forensics (MAFF) credential. Applicants must also meet prerequisite requirements and pass the MAFF proctored exam.

 

Program Content

 

These Business and Intellectual Property Damages Webinars focus on the legal foundations, methodology, best practices, and current trends in business damages and infringement of patents, trademarks, copyrights, and other intellectual property. The Webinars are based on Nancy Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with contributing author Rebekah Smith, the preeminent book in the industry on business damages, which is included in the cost of registration (a retail value of over $300). Through case analysis, attendees will have the opportunity to identify and apply the most appropriate methodology in the analysis and formulation of damages opinions from the perspectives of both plaintiff and defendant. Attendees will learn how to build their damages analysis in a manner that will withstand the most rigorous challenges.

 

During the Webinars, the attendee will refresh themselves on basic economic damages concepts and then delve deeper into more advanced topics such as the differences between lost profits and loss of business value as well as

understanding when it is appropriate to apply one or both methods. The Webinars will also explore how legal theories, code sections, and case law govern business damages. Advanced concepts, such as how to conduct qualitative and quantitative analyses that will survive the court’s scrutiny; how revenue and profit projections can be impacted by risk; how business interruption insurance and damage claims collide; how to discount damage calculations, including the court’s view on discounting; how to prove new business damages; and how to identify other industry-specific issues that impact the damage calculation, will be covered. Other topics and techniques will be discussed, such as how motions can impact the financial expert and ways to protect oneself from Daubert challenges as well as other motions in limine. A case study will be used to identify and analyze the topics discussed clarifying subjects in question.

 

The Webinars will also present an overview of intellectual property and forms of intellectual property damages based on portions of Nancy J. Fannon’s The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, with

contributing authors Richard Hoffman and Richard F. Bero. A portion of the time will be used to discuss topical Federal Circuit decisions, key legal cases, and factors based on the fundamental Panduit and Georgia-Pacific cases, as well as recent cases addressing current issues such as the entire market value rule (EMVR) and comparable license agreements, among others. Other topics will include patent damage concepts and how valuation concepts and patented technology have an influence on determining the appropriate form of patent damages. A variety of case studies will be used to expand these concepts as well as trademark and copyright damages issues.

 

Learning Objectives

 

 

  • After completing this session, attendees will be able to:
  • Apply quantitative methodologies in the measurement of damages
  • Apply damages methods and models appropriate to the facts and circumstances (and the governing law)
  • Apply advanced damages concepts in preparing a damage calculation that will withstand scrutiny
  • Evaluate business interruption insurance and damage claims
  • Discuss forms of intellectual property damages
  • Explain the similarities and differences in utility patent, design patent, trademark, copyright, and trade secrets damages
  • List relevant cases addressing intellectual property damages
  • Apply valuation concepts to intellectual property damages
  • Identify the basic components to address in an intellectual property damages expert report
  • Describe and understand the recent history of the entire market value rule (EMVR)
  • Recognize the relevant considerations in whether or not license agreements are sufficiently comparable

 

 

Who Should Attend

 

CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.

 

The Business and Intellectual Property Damages Webinars are required training to obtain the Master Analyst in Financial Forensics (MAFF) credential.

 

Presenters

 

Richard F. Bero, CPA, CVA, ABV

 

Rebekah Smith, CPA, CVA, MAFF, CFF

 

Howard Zandman, CPA, CFF, MAFF


What is taught at a Commercial Damages Calculation Workshop? See here

Posted on May 6, 2014 at 12:05 AM Comments comments (0)

As NACVA's WA Chapter President, one of the issues that chapter presidents are asked to consider involves continuing education.  The other issue is whether to offer it to the base membership or expand the same to other professionals.  Do I offer the training to Washington State Bar attorneys and if I do, do I seek to qualify the training for continuing education?  I am unsure about the latter since that entails WSBA asking for a fee sharing agreement and being told that XYZ must be changed in order to offer CLE credit.  On the other hand, I know that this type of training is not being offered by the WSBA and this type of training would benefit attorneys.  What to do?


Here is a summary of one webinar I am listening in today (taught by colleagues of mine ... and very experienced lit support professionals too!). Let me know your thoughts about keeping it open or closed? Bite the "bullet" and seek to offer CLE credit in WA?

 

hese Commercial Damages and Lost Profits Webinars, together with the Legal Theory and Case Law Webinar, Forensic Accounting/Investigative Methodologies Webinar, and the Litigation Bootcamp for Financial Experts live training, are required for individuals seeking the Master Analyst in Financial Forensics (MAFF) credential. Applicants must also meet prerequisite requirements and pass the MAFF proctored exam.

 

Program Content

 

Financial forensics experts are often typically called upon in these matters to review and analyze the underlying foundational evidence and measure the lost profits and other related damages. For an expert’s analysis and conclusions to survive the rigors of the litigation environment, the expert’s work must be within the realm of conventional damages theory and be based upon generally accepted approaches and methods of damages measurement. In addition, the calculation of lost profits and other recoverable business damages are typically governed by federal, state, or other jurisdictional code sections and case law.

 

These Commercial Damages and Lost Profits Webinars of the MAFF curriculum focus upon the foundations and fundamentals of economic damages measurement, including alternative approaches and methodologies, notable code sections and case law, foundational evidence and research sources, reporting guidelines, and strategies embraced by the most effective economic damages experts. Financial experts are retained, among other areas, to perform, review, or opine on damage calculations. Different legal theories allow for different measures of damages. This specialty module will explore the accepted approaches used for the various types of economic damages as well as the accepted methodologies of damages calculations.

 

Focus of the curriculum will be on lost profit calculations, lost business value versus lost profits, and accounting for different industry and loss scenarios. The instructors will examine models and cases used in the measurement and presentation of economic damages, including economic and industry data. They will also provide an understanding of the integration of statistical and economic concepts into the formation of damages models.

 

Learning Objectives

 

After completing this session, attendees will be able to:

 

  • Apply the traditional methodologies used for economic damages
  • Explore and evaluate alternative approaches in the measurement of damages
  • Apply models used in the measurement and presentation of economic damages
  • Identify sources of information, including economic and industry data
  • Integrate the use of statistical and economic concepts into damages models
  • Discuss case law that impacts damages measurement

Who Should Attend

 

CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.

 

The Commercial Damages and Lost Profits Webinars are required training to obtain the Master Analyst in Financial Forensics (MAFF) credential.

 

Presenters

 

Michael Kaplan, CPA, ABV, CVA, MAFF

 

Rebekah Smith, CPA, CVA, MAFF, CFF

 

Howard Zandman, CPA, CFF, MAFF


Apple v Samsung ... Part II. The Expert Witnesses

Posted on May 4, 2014 at 11:30 AM Comments comments (0)

In the most recent round of litigation involviing Samsung and Apple, the jury awarded damages to Apple and Samsung. The award was far lower than what was sought.  Way lower.  The jury is expeced to return to court on Monday (tomorrow) to tweak the damages award.  There will be more headlines but really. little change.


CNET provides a good overview of the phones and tablets in question and who claimed what was infringed. See http://www.cnet.com/news/apple-v-samsung-2014-infringed-devices-scorecard/.    The comments made by third party obervers/readers is interesting since one question raised over the years is "what about Google"? Shouldn't Google be a party to the suit?  Well, that question is for another day.


My purpose in wrting this short Blog is to highight a lit support aspect in the case that is in the news.  One not so surprising event inthe news involving this case involves the expert witnesses and their willingness to change their testimony to fit the theory advanced by counsel. See http://www.a2lc.com/blog/bid/71016/walking-the-line-dont-coach-your-experts-re-apple-v-samsung?utm_content=5133578&utm_medium=social&utm_source=linkedin.  How could that have happened?  This all speculation, but was there a misalignment in terms of the engagement between the attorney/law firm and expert before trial? when the tral started?  The bottom line is that the expert got caught testifying as to matters that were notincluded in his report and the judge caught on to that.  This is a big no-no!   Was the expert influenced by counsel?  What s impressive is that the judge caught this change!  This is something that judges need to look for,,, the change of theory or sprinkling of facts to back into a new and unstated theory that somehow fits what counsel is advancing.


For unbiased litigation support services, contact Central Washington Appraisal, Economic & Forensics, LLC at (509) 679-3668.

Testing Emotionally Intelligent, Are You Ready for the Test?

Posted on May 2, 2014 at 6:55 PM Comments comments (0)

So, I got this e-mail from MindTools the other day with a poll re emotional intelligence .... Should I take this? not?  I think that with age I am maturing emotionally, but then again, who knows!:)  The survey is found at:

http://www.mindtools.com/pages/article/ei-quiz.htm?utm_source=nl&utm_medium=email&utm_campaign=29Apr14#np


The questions asked are insightful. I thought my score too was realistic. My impression is that ... perhaps with age, I am slightly wiser given the many ups and downs.  But then, I am also accutely aware that I also am left unsatisfied hearing platitudes and have little patience for those that are (in my opinion) full of themselves and emotionally needy or in need of contant recognition. It is in those instances when I wonder if I am actively listening and asking myself whether I am being too opinionated/ unfair? It is also in those instances when I wonder whether even more patience is needed, rather than deliberate action.  


Emotional intellegence is something that I think we all develop through life.  Taking a few minutes to answer was easy.  Answering these questions provided me a measure of benchmarking my E.I. and hopefully a way of objectively reassessing my strengths and weaknesses.   Take the test and try answering objectively.


Perhaps the next time that meet, we will be more productive and objective.  The "noise" will not distract us or shape who we are or shold be to make a positive impact.


So, What exactly is discussed in a Business Valuation and Litigation Support Conference? Look here!

Posted on May 2, 2014 at 10:35 AM Comments comments (0)

I will be attending NACVA's Conference in Las Vegas in June 2014.  This post is for the WA and OR attorneys I am beginning to network with; most do not know what is discussed and how it relates to them; as a  side note, NACVA just exhibited at the ABA Conference to market the body of knowledge and market the membership base to M & A, litigation, estate and gift, and business attorneys.  The word is that this was news to many of them.  That is a little alarming since law firms should be using accredited and qualified professionals to assist their clients in the various engagements.  Anyway, enough pontificating.


Here is the link to see what is covered in a Litigaton and BV Conference (it includes succession planning and M & A too):


http://www.nacva.com/conference.asp and http://www.nacva.com/pdf/2014ConfBrochure.pd


If you have any questions, e-mail me at [email protected] to inquire about appraisal services, lit support, RE financial modeling, or economics and forensic services.

Sponsor and Sale to an ESOP or ... Pursue the Outright Sale? Current Thoughts

Posted on May 2, 2014 at 12:20 AM Comments comments (0)

In the spirit of full disclosure ... I am a business broker with Murphy Business & Financial Corporation, Pacific Northwest Region covering Central Washington.  The office just opened and the strategy is to use my prior transactional, valuation and legal experience in the assessment and transactional process.  If I am handling a transaction, I am the business broker and not the seller or buyer's attorney.  That said, let's talk briefly about ESOPs as an alternative to an outright sale and discuss the current thought regarding what company is appropriate for an ESOP. 


First, an ESOP is tax-qualified retirement plan that is funded through employer contributions and not staff salary deferrals.  It is intended to invest primarily in the sponsoring employer's stock. Sorry, it does not work for LLC's; I recently presented on this issue at a NACVA/IBA webinar in April 2014 and talked about a recent U.S. Tax Court case called K.H. Company, LLC v Commissioner, T.C. Memo. 2014-31. If you want to read more about ESOPs and how tricky these are to administer, there is another new case worth reading.  This ESOP case involves the disqualification and nonallocation year problems that can arise ad help explain, in part, why it costs $$ to keep the plan updated and in compliance. Read Law Office of John Eggertsen, P.C. v Commissioner, 142 T.C. No. 4 (2014) (excise tax imposed on law firm).


There is no question that there are some significant tax incentives and benefits for companies that adopt ESOPs and C- and S-corp owners.  A significant benefit of the ESOP is that the ESOP can borrow money for the purchase of the stock and the firm can pay back the borrowed funds with tax-deductible contributions to the plan.  C-corp owners that sell 30 percent or more to the ESOP can defer the capital gains if the money is reinvested in qualified securities. (Beware, on January 1, 2014 the QSB percentage changed to 50%!!)  S corp shareholders also benefit.  While there are some real tax benefits, as the cases cited above go to show, there are some compliance costs and risks.  Most small business will not be able to afford these expenses and as a result the tax benefits (realistically speaking) are not available to them.  In short, a tax will be paid and the purchase price allocation and terms will determine how these are reported. (Another plug for my firm, we can assisit with the Purchase Price Allocation; we are one of the few Certified Machinery & Equipment Appraisers in Central Washington ... which also means we can assist with estate and gift tax returns since a qualified appraiser is needed as well as a report showing the qualification; the tax basis does not work in the later instances!)


Are all companies good candidates for an ESOP? NO!  As mentioned, where there are some significant tax benefits and incentives there are risks and costs that realistically small companies cannot afford to take and as a result the owners cannot benefit.  Larger companies are better candidates (but not all large firms are good ESOP candidates).  If the company is worth, say $2M to $3M, is that a good candidate? According to Howard Levine, a partner at Drinker Biddle, based in Chicago, the answer is NO!.  Mr. Levine in a recently published article in Entrepreneur, "Is Your Company a Good Fit for an Employee Stock Ownership Plan?",  observes that "for a leveraged ESOP transaction, the costs typically run from $125,000 to $250,000, depending on the size of the transaction and type of financing.  Keep in mind, however, that an outright sale of a company would also entail comparable costs."  In actuality, the transaction costs for a small company are in the range of 10 to 15 percent, with some floors. The range cited by Mr. Levine is more appropriate for companies sold for $1,100,000 to 2,000,000.  Investment banks that serve the middle market will charge a minimal fee--over $500,00--to cover the army of analysts and partners/managers that handle the process.  These are high, but the returns on investment cover the expense.  That said, the middle market investment bank is not chasing businesses worth less than $10M or offering their services (except in unusual circumstances) to raise less than $10M in capital.


So, is an ESOP a reealistic choice for small businesses (valued under $10M)?  I do not think so. Is an ESOP a good tool for companies worth over $10M, yes, but then you have to decide amongst other options.  The market is segmented and so are the options.


If you are considering selling your company, give us a call at 509-679-3668. To learn more about business brokerage services, visit www.murphybusiness.com/centralwashington.


Thank you!

May 19 2014 Presentation - NACVA/IBA Focus on Two New Cases - Matrimonial and Bankruptcy plus Mistakes BV Professionals Make

Posted on May 1, 2014 at 11:15 PM Comments comments (0)

On May 19 2014 I will co-present at the monthly NACVA/IBA webinar.  My presentation will focus on 2 fairly new cases that should be of interest to valuation and litigation support professionals, one case involves matrimonial law. in that case the husband was ... difficult and obstructionist.  It also features Bob Ranallo, a NACVA CPA and atty from OH, who I know.  The other case  is relatively new bankruptcy case from FL involving an engineering and surveying firm that got involved in the real estate market and ... the latter did not do well.  In fact the engineers filed for Ch 11 relief.


I will also  rielfy discuss a recent article from Jim Hitchner that appeared in Financial Valuation and Litigation Expert's April/May 2014 issue.  The article in question focuses on business valuation mistakes, particularly improper uses of the capitalized cash flow and weightings.  It should be a good and instructive presentation!  If you join the webinar, let me know if you have any questions on the subject matter I am covering.


For valuation and litigation support services ... in Central Washington, contact Central Washington Appraisal, Economic & Forensics, LLC!  Better yet, either e-mail me at [email protected] or 509-679-3668 for timely unbiased consulting expert services, turnaround or BV inquiries.

Greybull Stewardhip and Murphy Business Tie the Knot!

Posted on May 1, 2014 at 4:25 PM Comments comments (0)

Greybull Stewardship, LP and Murphy Business announced today that they have (my words) "tied the knot".  It is an Evergreen investment, which means this is a long term deal and that PE is interested in the deal flow (SASS, software, IT services companies coming through the Murphy pipeline are potential big winners). Wow!  I am happy for Roger Murphy and the original founders, they stay on and get additional resources to remain at #1.


It was interesting to hear Greybull remark that hands down, in his opinion, Murphy offers the top-rate business brokerage services in the industry and that the willingnesss to co-broker, provide additional education to brokers, and HQ support were reasons for the investment.  It is a two-way street and the benefits will flow to clients and to Greybull Stewardship, which has a long-term view and investment.  Bravo!


If you are a small company in the software or IT industry, I think that Murphy is the place to go to!  To learn more, contact [email protected] or call 509-679-3668 to learn more about this development and have us evaluate the company.


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