| Valuation is a core competency for Cornerstone Research and integral to many of the matters on which we consult. For example, our staff and experts provide consulting and expert witness testimony in litigation matters involving business valuation in the context of M&A and other corporate transactions, valuation of specific business assets, valuation of intellectual property, assessment of lost profits, contract valuation and corporate restructurings, and valuation of financial instruments and specific interests. | Our professionals and experts have in-depth expertise in valuation issues and use the full range of valuation tools, including discounted cash flow analysis, comparable company analysis, comparable precedent transaction analysis, option pricing, and other advanced techniques. Our experts have also assessed the available market evidence, including trading data and the contemporaneous actions of market participants.
We approach valuation matters using sound finance and economics principles applied to the circumstances of each case. |
Featured Practice Experts
Our extensive network includes top experts from academia and industry.
Paul A. Gompers
Eugene Holman Professor of Business Administration,
Harvard Business School,
Harvard University
Douglas J. Skinner
Sidney Davidson Distinguished Service Professor of Accounting,
University of Chicago Booth School of Business
Philipp Schnabl
Martin J. Gruber Professor in Asset Management,
Professor of Finance,
Stern School of Business,
New York University;
Sidney Homer Director,
Salomon Center for the Study of Financial Institutions
David C. Smith
Virginia Bankers Association Eminent Professor,
McIntire School of Commerce,
University of Virginia
Andrea L. Eisfeldt
Laurence D. and Lori W. Fink Endowed Chair in Finance,
Professor of Finance,
UCLA Anderson School of Management,
University of California, Los Angeles
Karen Wruck
Professor of Finance,
Dean’s Distinguished Professor,
Fisher College of Business,
The Ohio State University
Shai Benjamin Bernstein
MBA Class of 1960 Professor of Business Administration,
Harvard Business School,
Harvard University
Frederick G. Van Zijl
President, RVZ Strategic Advisors;
Former Managing Director, Fortress Investment Group;
Former Head of U.S. Leveraged Finance, Barclays Capital;
Former Managing Director, Goldman Sachs
Mark J. Garmaise
Professor of Finance,
UCLA Anderson School of Management,
University of California, Los Angeles
Amy P. Hutton
Professor of Business Administration,
Carroll School of Management,
Boston College
Valuation Capabilities
Cornerstone Research professionals and experts have analyzed economic, financial, governance, and accounting issues arising in M&A, take-private transactions, hostile takeovers, proxy contests and shareholder activism, appraisal actions, asset sales, spin-offs, equity carve-outs, freeze-outs, financings, restructurings, and other corporate transactions. We have addressed complex valuation and damages issues in M&A and other corporate transactions using the full gambit of valuation tools. We have addressed these issues in the context of ongoing transactions and post-transaction disputes.
Our staff and experts have worked on these complex cases in federal courts, the Delaware Court of Chancery, and other state courts as well as internationally in venues such as the Grand Court of the Cayman Islands. Our network of experts includes preeminent academics, industry professionals with investment banking, venture capital, and private equity backgrounds, board members, and other transaction advisors. Our network of experts also includes nationally recognized experts in corporate law, corporate control, and governance.
Our staff and experts have expertise in the valuation of goodwill and intellectual property. Combined with our expertise in securities, we provide our clients with practical approaches to the valuation of specific assets, including patents, trade secrets, product lines, operating divisions, and subsidiaries.
The valuation expertise of Cornerstone Research professionals and experts includes matters involving corporate restructurings, reorganizations, and bankruptcies. We have performed analyses related to solvency opinions as well as addressed issues related to capital adequacy, capital markets access, syndicated loans, high-yield bond finance, and credit rating opinions. We also have experience in assessing claims of fraudulent conveyance and the impact of market and policy factors on a firm’s value or ability to operate as a going concern.
Cornerstone Research professionals and experts have expertise in the valuation of options, warrants, convertible and preferred securities, and various other financial derivatives. We have worked on matters involving forwards, futures, swaps, vanilla and exotic options, and structured products across equities, interest rates, credit, foreign exchange, precious metals, and commodities markets, as well as mortgage and other asset-backed securities. We have also evaluated employee stock options and restricted stock units (RSUs) as well as specific interests such as minority shareholder stakes in both public and private firms.
Cornerstone Research professionals and experts analyze a range of strategic, valuation, and financial issues that arise in litigation related to private equity and venture capital. Our consultants and experts are frequently retained by counsel representing a variety of clients in the private equity and venture capital sectors, including general partners (GPs), limited partners (LPs), acquisition targets, banks, founders, and more.
Our staff and experts have evaluated noncompete agreements, technology development agreements, joint venture agreements, and supply and purchase agreements using techniques such as Monte Carlo simulations.
Our valuation experience spans a vast array of industries, including consumer goods, education, energy, entertainment, financial institutions (including banking, hedge funds, venture capital/private equity, insurance, fintech, and crypto-related entities), healthcare and pharmaceuticals, manufacturing, metals and mining, real estate and construction, retail, technology, telecommunications, and transportation, among others.
Featured Cases
Selected Professionals
Our staff consultants contribute expertise in economics, finance, accounting, and marketing, as well as business acumen, familiarity with the litigation process, and a commitment to provide outstanding support.
-
Ronnie Barnes
Ronnie Barnes
Vice President
-
Frank Schneider
Frank Schneider
Vice President
-
Allie Schwartz
Allie Schwartz
Vice President
-
Paul Zurek
Paul Zurek
Vice President
Featured Publications
How can we help you?
For more information or assistance with a specific matter, please contact us.