Lit.Econ LLP

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Business & Securities Valuation

Contact: Dr. Robert Trout (robert.trout@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.

Hendricks v. Blue Sky (San Diego, CA) Testified about the value of certain corporate options in an employment litigation case.

Mayer-Johnson Company (2000) 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 (San Jose, CA) Prepared valuation and loss reports for two regional marketing corporations engaged in the distribution of food and household products.

Bobit Publishing Company (2000) 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 (2000) Determined appropriate marketability and minority discounts for numerous financial assets held by the Trust, including limited partnerships, partnerships and shares in corporations.

Robertson v. Robertson (Los Angeles Cty 2001) Valued two automobile franchises for purposes of a martial dissolution.

Re: iCALL, Inc. (2000) Valued certain intangible assets for a transfer of ownership from a US based company to a foreign based company.

Breton v. Apple Plastics (2000) 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 (2000) Valued the 15% interest in an automobile dealership in a breach of fiduciary duty litigation matter.

Schriber v. Schriber (1999) Valued six fast food franchises for purposes of a marital dissolution.

Viola Penny v. Kerri Smith (Riverside Cty 1999) Valued a temporary employment services agency in a breach of contract dispute.

Safeskin, Inc. (1997) Valued certain intangible assets, including patents and royalty rights, for a merger case involving an off-shore corporate entity.

Bobit v. Bobit (Los Angeles Cty 1994) 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 Cty 1993) Valued closely-held preferred stock, and determined a discount for closely-held common stock for a marital dissolution. Determined proper return for a Pereira investment analysis.

Road Runner Sports, Inc. (1993) 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 Cty 1992) 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.

Ties v. Hemet West (Riverside Cty 1991) Valued a cable television operation as part of a business litigation case.

Ekstrom Industries (1990) Valued a producer and distributor of office products for a potential sale of the business.

Belly Up Tavern (1990) Valued a minority interest in a night club for purposes of a buy-out by the majority partner.

Weardco Construction Corp (1990) 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. (1989) 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 (1989) Valued a mail order provider of educational toys and learning devices, for a marital dissolution.

MBE-USA (1989) Valued a mail service company at the time of a corporate restructuring.

ASMG (1989 through 1993) Valued a holding company for purposes of selling stock to physician owner-employees.

Mesa Beverage Co. (1989) Valued covenants not to compete associated with the purchase of a beverage distributing company.

Main-On Foods (1988) Valued a food products producer and distributor in Los Angeles in a business litigation case.

Peace Ambulance Co. (1988) Valued an ambulance service in Oregon as part of an antitrust case.

Hemet AAMCO (1988) Valued an Aamco distributorship in conjunction with an analysis of losses resulting from a business interruption.

Alamito Electric Co. (1986) 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.