Damages Methodologies in Tortious Interference Claims
Fox Forensic Accounting Blog
by Maria Patterson
1M ago
Shawn Fox and David Wharton of Fox Forensic Accounting shared their knowledge and experience as damages experts while co-hosting a CPE/CLE webinar, “Damages Methodologies in Tortious Interference Claims.” Fox, FFA Founder and Managing Member, and Wharton, Managing Director, have been involved in more than 20 tortious interference cases as damages experts and discussed the elements required to prove tortious interference as well as the methodologies used to quantify  damages. As CPA damages experts, Fox and Wharton discussed the importance of proper analysis of the link between the allege ..read more
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As Cannabis Becomes Increasingly Legal – and Mainstream – Fraud Risks Follow
Fox Forensic Accounting Blog
by Maria Patterson
4M ago
While technically illegal at the federal level, cannabis is a legitimate and growing industry in the United States. There are legal cannabis programs, either for adult or medical use, in all but six states. And legal U.S. cannabis sales are expected to increase from $25 billion in 2021 to $40 billion in 2026, according to BDSA.  Like any burgeoning industry, as opportunity for profit increases, so does the risk of fraud. Fox Forensic Accounting presented these trends during one of its free CLE/CPE webinars, From the Basement to High-Rises — The Transition of the Cannabis Industry — Regula ..read more
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FFA Founder Shawn Fox Presents on Trade Secrets Disputes at AICPA & CIMA Conference
Fox Forensic Accounting Blog
by Maria Patterson
4M ago
Shawn Fox, founder of Fox Forensic Accounting, was joined by Olivia Luk Bedi, a partner at Neal, Gerber & Eisenberg, at the AICPA & CIMA Forensic & Valuation Services Conference in Las Vegas to present on Methods for Quantifying Monetary Damages in Misappropriation of Trade Secrets Disputes. The number of misappropriation of trade secrets cases filed in federal courts has increased significantly since the creation of the federal statute, Defend Trade Secrets Acts (DTSA), in May 2016. There were 1,075 cases in 2015 and 1,168 in 2016. The next year after the DTSA was signed into law ..read more
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Example of Recent Fox Forensic Accounting Cannabis Industry Case
Fox Forensic Accounting Blog
by Maria Patterson
6M ago
By Shawn Fox and Cliff Porter, Fox Forensic Accounting Shawn Fox, Founder & Managing Member of Fox Forensic Accounting, was recently engaged by a law firm as a financial expert supporting their clients, the plaintiffs, in a matter. Their clients included two cannabis testing service labs, shareholders, and employees. The legal claims in the matter included: (1) breach of contract, (2) intentional misrepresentation, (3) fraud, (4) fraudulent concealment, (5) negligent misrepresentation, (6) breach of fiduciary duties, (7) unjust enrichment, (8) unfair competition, (9) trade secret misappro ..read more
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Next CLE/CPE Webinar - Oct 19th: From the Basement to High-Rises – The Transition of the Cannabis Industry - Regulatory and Fraud Risks
Fox Forensic Accounting Blog
by Maria Patterson
6M ago
Register to join Fox Forensic Accounting who will be providing a Complimentary 1-hour CLE and CPA certified (CLE) course webinar (via Zoom) for approved* states. Key Topics of Analysis: Past, current, and the changing landscape of cannabis legality Regulatory agency oversight of cannabis products Fraud risks and schemes susceptible to the cannabis industry Moderated by: Shawn Fox, Principal - CPA, ABV, CFA, ASA, with Co-Hosts: Cliff Porter - CPA, CFE, and Attorney Richard Cheng. For More Info & Registration ..read more
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Documentation is Crucial for Fiduciaries Making Difficult Estate or Trust Decisions
Fox Forensic Accounting Blog
by Maria Patterson
10M ago
One important question caught the attention of our expert panel during Fox Forensic Accounting’s recent CLE/CPE webinar, Estate and Trust Accounting Errors, Irregularities, and Fraud: Trustee Malfeasance and Self-Dealing. What happens when a fiduciary makes a decision concerning a trust or estate that will have a more positive impact for one beneficiary and a less positive impact for another beneficiary? Guest speaker David Pyke, an attorney with Pyke & Associates, who was joined by Fox Forensic Accounting’s Shawn Fox, Bruce Bush, and Cliff Porter on the webinar, answered that question, a ..read more
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Guidelines for Obtaining Reasonable Certainty in an Economic Damages Calculation
Fox Forensic Accounting Blog
by Maria Patterson
1y ago
When quantifying damages in breach of contract matters, forensic accountants testifying as expert witnesses must follow professional guidelines and standards applicable to the particular legal jurisdiction. The American Institute of Certified Public Accountants (AICPA) sets forth professional standards and guidelines for certified public accountants (CPAs) when providing expert witness services in dispute advisory matters. Expert testimony can be excluded in federal court through a Daubert motion if, for example, opinions are too speculative, opinions are based on unreliable facts or assumpti ..read more
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FFA Announces May 18, 2023 Webinar: ESTATE AND TRUST ACCOUNTING ERRORS, IRREGULARITIES, AND FRAUD: TRUSTEE MALFEASANCE AND SELF DEALING
Fox Forensic Accounting Blog
by Maria Patterson
1y ago
REGISTER NOW ..read more
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FFA Announces April 6, 2023 CLE/CPE Webinar: QUANTIFYING DAMAGES IN BREACH OF CONTRACT MATTERS
Fox Forensic Accounting Blog
by Maria Patterson
1y ago
Register Now ..read more
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Quantifying the Fair Market Value of IP is a Combination of Art and Science. Here’s What Goes into a Successful Valuation
Fox Forensic Accounting Blog
by Maria Patterson
1y ago
Intellectual property (IP) is often the most valuable asset a business owns, but determining the value of IP has many challenges. CPAs Shawn Fox and David Wharton of Fox Forensic Accounting shared their expertise and the hurdles they’ve crossed during a free continuing education webinar, Key Considerations in Valuing Intellectual Property, presented December 1. “IP valuation has so much subjectivity,” Fox said. “It's really a combination of art and science because of all the analysis that has to be performed along with a number of assumptions that must be made.” While IP valuation is somewhat ..read more
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