Expert Details

Expert in Economic and Lost Profit Damages, Expert Witness, Forensic Accounting and Fraud Investigations

Expert ID: 731826 Texas, USA

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Expert has over 24 years of experience as a litigation financial consultant and expert witness in complex commercial and civil litigation matters. She develops lost profit and economic damage analyses, authors financial expert reports, and provides financial expert opinions in matters involving breach of contract claims, partnership disputes, construction delay, non-competition agreements, trade secrets, breach of fiduciary duty claims, and vendor disputes. Industries have included medical facilities, insurance, commercial buildings, banking, financial institutions, decedent estates and family businesses, retirement communities, bail bonds, rail switches, import/export, oil rig repair facilities, printing, and retail properties. She has provided expert witness testimony for depositions and trial in matters adjudicated in state and federal district courts.


Expert has been a leader in a number of high-profile securities fraud class action lawsuit investigations. In the AIG Securities litigation matter, she managed 15+ forensic accounting team and 30+ contract attorneys in the multi-billion dollar securities litigation matter involving significant claims of bid-rigging, financial statement fraud, and accounting malpractice against AIG and its outside auditor, PriceWaterhouseCoopers. Her team reviewed over 26 restatement issues, including loss reserves, reinsurance, re-characterization of income and losses, life settlement revenue recognition, and complex subsidiary and third party relationships, accounting practices in accordance with GAAP and audit procedures in accordance with GAAS. Her team provided critical information for the pursuit of significant settlements by lead plaintiffs’ law firm, Labaton Sucharow.

In the AOL/ Time Warner Securities litigation matter, she co-led a forensic accounting team of 35+ in this multi-million dollar securities litigation matter involving the merger of two multi-national mass media companies that later led to claims of improper revenue recognition practices and accounting malpractice. Her team reviewed the revenue recognition accounting practices for such issues as principal versus agent, online advertising “real estate”, and accounting period matching to determine their compliance with GAAP. They also investigated the audit work of the outside auditor, Ernst & Young related to its compliance with GAAS and recommendations for accounting issues. Their findings assisted the lead plaintiffs’ law firm, Lerach Coughlin Stoia Geller Rudman & Robbins LLP (now Robbins Geller Rudman & Dowd LLP) in their settlement pursuit.

Expert's analytical expertise assisted in the securities litigation investigation of the Banc One/ First USA merger in which she investigated claims of material misrepresentation, non-compliance with GAAP and accounting malpractice, requiring the review and analysis of credit card revenue accounting, securitization issues, and the creation of an entity to absorb credit card processing expenses. Their findings were instrumental in this significant settlement.

Expert also spearheaded the investigation of potential embezzlement by a physician partner, who had left several months earlier along with the CFO and key accounting employees. Through a thorough review and analysis of the facility’s accounting systems, vendor records and bank transactions, she identified millions of dollars received by the physician partner and related parties.

Expert provided lost profit analysis and expert testimony in a breach of non-competition and confidentiality agreement and theft of trade secrets claim involving a commercial fitness equipment manufacturer and the resignation of its salesperson. Expert investigated the potential embezzlement by a physician partner who had left several months earlier along with the CFO and key accounting employees. Expert analyzed and provided expert testimony on lost profit damages resulting from the delayed construction of a continuing care retirement community. Expert provided a rebuttal report and deposition testimony regarding a lost profits claim against Union Pacific Railroad. Expert led the forensic accounting and fraud investigative team in the securities litigation matter against American International Group (AIG) after it restated its financial statements downward by $6 billion.

Expert may consult nationally and internationally, and is also local to the following cities: Houston, Texas - Pasadena, Texas - Beaumont, Texas - College Station, Texas - Baytown, Texas - Bryan, Texas - Sugar Land, Texas - Port Arthur, Texas - Galveston, Texas - Missouri City, Texas

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Education

Year Degree Subject Institution
Year: 1989 Degree: BBA Subject: Finance and Business Economics Institution: University of Notre Dame

Work History

Years Employer Title Department Responsibilities
Years: 2010 to Present Employer: Undisclosed Title: President Department: Responsibilities: Expert developed lost profit and economic damage analyses, authors financial expert reports, and provides financial expert opinions in matters involving breach of contract, non-competition agreements, trade secrets, breach of fiduciary duty, and tortious interference claims. She also investigated claims of embezzlement.
Years: 2006 to 2010 Employer: UHY Advisors Title: Senior Manager Department: Forensic Litigation and Valuation Services Responsibilities: Expert developed lost profit and economic damage analyses, authored financial expert reports, and provided financial expert opinions in matters involving breach of contract claims, partnership disputes, construction delay, non-competition agreements, trade secrets, breach of fiduciary duty claims, vendor disputes, and tortious interference claims. She also managed significant securities litigation matters involving financial statement fraud and accounting malpractice.
Years: 1996 to 2006 Employer: Alice Hilton Title: Litigation Consultant Department: Responsibilities: Expert developed lost profit and economic damage analyses, assisted with the writing of financial expert reports in matters involving breach of contract claims, construction delay, and tortious interference claims. She also investigated a significant securities litigation matter involving financial statement fraud.
Years: 1989 to 1995 Employer: Peterson Consulting (merged with Navigant Consulting in 1998) Title: Executive Consultant Department: Responsibilities: Expert developed lost profit and economic damage analyses and assisted with the writing of financial expert reports. She led accounting malpractice and director & officer liability investigations of failed savings and loan institutions in Texas and Louisiana. She assisted an RTC Special Workout Asset Team (“SWAT”) to develop unique strategies for the most profitable disposition of significant non-standard assets of failed financial institutions.
Years: 2014 to 2016 Employer: The Hancock Firm Title: Director of Litigation Department: Responsibilities: Expert developed lost profit and economic damage analyses, authored financial expert reports, and provided financial expert opinions in matters involving breach of contract claims, partnership disputes, construction delay, non-competition agreements, trade secrets, breach of fiduciary duty claims, vendor disputes, and tortious interference claims. She also investigated claims of embezzlement.
Years: 2016 to Present Employer: Undisclosed Title: Managing Member Department: Responsibilities: Expert develops lost profit and economic damage analyses, authors financial expert reports, and provides financial expert opinions in matters involving breach of contract, non-competition agreements, trade secrets, breach of fiduciary duty, and tortious interference claims. She also investigates claims of embezzlement.

Government Experience

Years Agency Role Description
Years: 1990 to 1994 Agency: Resolution Trust Corporation Role: Analyst and Supervisor Description: Expert reviewed loan files for various failed financial institutions to determine whether significant loans were approved without adequate support. She also supervised a significant loan review engagement involving D & O liability claims.

She provided financial analytical support to the RTC's Special Workout Asset Team's efforts to maximize value in the disposition of non-conforming assets.

Additional Experience

Expert Witness Experience
Expert has developed lost profit and economic damage analyses, authored financial expert reports, and provided financial expert opinions in matters involving breach of contract claims, partnership disputes, construction delay, non-competition agreements, trade secrets, breach of fiduciary duty claims, and vendor disputes. Industries have included medical facilities, insurance, commercial buildings, banking, financial institutions, decedent estates and family businesses, retirement communities, bail bonds, rail switches, import/export, oil rig repair facilities, printing, and retail properties. She has provided trial and deposition testimony in matters adjudicated in state and federal district courts.
Training / Seminars
Expert has presented continuing education training sessions including:
"The Importance of the Notes to the Financial Statements," presented at a two-day Continuing Legal Education (CLE) training session entitled Basics of Accounting for Lawyers through the Practicing Law Institute.

"Proving Up Damages: The Role of the Financial Expert," presented as part of the Career Enhancement Symposium, Houston Metropolitan Paralegal Association (April 21, 2007)

Continuing Professional Education (CPE) sessions for UHY’s national annual training conferences.
Other Relevant Experience
Expert is a Certified Fraud Examiner and Master Analyst in Financial Forensics.

Fields of Expertise

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