Business and Securities Valuation

Contact: Dr. Robert Trout --robert@litecon.com

Lit.Econ LLP consultants have valued businesses for tax cases, litigation purposes, mergers, buyouts, partnership purchases and for various other situations. Our consultants have also published books and journal articles on various aspects of business valuation, including the valuation of options and various financial assets.

            
Hospitality Marketing Consultants v. Case (Orange County) Valued minority holding of common stock in a company that provides travelers with hotel coupons.

Southeast Wireless v. U. S. Telemetry Corp (New Orleans, LA) Valued certain FCC licenses to be used for business-to-business commercial communications

Credit Foundation of America v. CMPC (Orange County) Valued a portfolio of debt management contracts to determine market value for a transaction between a non-profit entity and a for-profit business.

Strategix v. I-FOX (Orange County) Valued a consulting business and testified in an arbitration regarding my findings in this case.

National Hockey League (Federal District Court, Phoenix, AZ)  In conjunction with Barrett Sports Group, LLC, valued a current NHL franchise and its potential value operating in another city for a bankruptcy hearing.

National Football League Franchise   In conjunction with Barrett Sports Group, LLC, valued a current NFL franchise for the ownership group.

Major League Soccer Franchise  In conjunction with Barrett Sports Group, LLC, valued a current MLS franchise for the ownership group.

Aarsvold v. IFOX  (Orange County) For an arbitration, valued a consulting business under a rescission theory in a lawsuit between the parties

Rothenburg v. MLS (New York, NY) Valued a minority interest in MLS owned by an original founder, for an arbitration hearing.  Arbitrator generally agreed with our finding as to the economic value of the minority ownership position.

United States v. Adams (Federal District Court, Washington DC) Prepared a valuation of a Colorado-based energy and resource holding company for purposes of determining an estate tax.

Centurion Investment Company  (Federal District Court, Washington DC) Valued a Colorado energy-based holding company for the United States Dept. Of Justice in a tax-related case.

Mayer-Johnson Company (San Diego, CA)  Valued the common stock of the company for the purpose of determining the value of a minority block of stock gifted by the founder.

Eastern v. Advantage (New Jersey) Prepared valuation and loss reports for two regional marketing corporations engaged in the distribution of food and household products.

Bobit Publishing Company  (Los Angeles, CA)  Valued the common stock of the company for the purpose of determining the value of a minority block of stock gifted by the founder.

Re: Hunter Family Trust (Santa Barbara, CA) Determined appropriate marketability and minority discounts for numerous financial assets held by the Trust, including limited partnerships, partnerships and shares in corporations.

Breton v. Apple Plastics (Orange County) Valued two companies in the plastics business for a shareholder suit over the value of shares purchased from a minority shareholder.

Michael Treadway v. Steven Hiller Valued the 15% interest in an automobile dealership in a breach of fiduciary duty litigation matter.

Schriber v. Schriber Valued six fast food franchises for purposes of a marital dissolution.

Viola Penny v. Kerri Smith (Riverside) Valued a temporary employment services agency in a breach of contract dispute.

Safeskin, Inc.  (Los Angeles, CA)  Valued certain intangible assets, including patents and royalty rights, for a merger case involving an off-shore corporate entity.

Bobit v. Bobit (Los Angeles) Valued a Los Angeles-based publishing company for purposes of a marital dissolution. Also determined the investment value of a portfolio of securities under the Pereira v. Periera rule, and the proper level of CEO compensation under the Van Camp v. Van Camp rule.

Tanklage v. Tanklage (Los Angeles, CA) Valued closely-held preferred stock, and determined a discount for closely-held common stock for a marital dissolution. Determined the proper return for a Pereira investment analysis.

Road Runner Sports, Inc.  (San Diego, CA)  Valued a mail order company specializing in the national distribution of running gear through catalogue sales, for a divorce case.

Cotsen v. Cotsen (Los Angeles County) Determined the investment value of a portfolio under the Pereira v. Pereira rules, and proper CEO compensation level under the Van Camp v. Van Camp rules, for a marital dissolution.

Ekstrom Industries  (San Diego, CA) Valued a producer and distributor of office products for a potential sale of the business.

Belly Up Tavern  (Solana Beach, CA)  Valued a minority interest in a night club for purposes of a buy-out by the majority partner.

Weardco Construction Corp  (San Diego, CA)  Valued a medium-sized construction company for purposes of a corporate stock repurchase from one of the founders. The valuation was accepted by the IRS in a tax audit.

T.B. Penick & Sons, Inc.  (San Diego, CA) Valued a medium-sized construction company for purposes of transferring stock from the founder to his sons. The valuation was accepted by the IRS in a tax audit.

Lakeshore Curriculum  (Los Angeles, CA)  Valued a mail order provider of educational toys and learning devices, for a marital dissolution.

MBE-USA  (San Diego, CA)  Valued a mail service company at the time of a corporate restructuring.

ASMG  (San Diego, CA)  Valued a holding company for purposes of selling stock to physician owner-employees.

Mesa Beverage Co.  (San Diego, CA)Valued covenants not to compete associated with the purchase of a beverage distributing company.

Main-On Foods  (Los Angeles County)  Valued a food products producer and distributor in Los Angeles in a business litigation case.

Peace Ambulance Co.  (Eugene, OR)  Valued an ambulance service in Oregon as part of an antitrust case.

Hemet AAMCO  (Hemet, CA)  Valued an Aamco distributorship in conjunction with an analysis of losses resulting from a business interruption.

Alamito Electric Co. (Phoenix, AZ)  Valued the equity of a billion dollar, closely-held, electric power production company in Arizona, as part of a securities fraud case involving a contested management led LBO.