Expert Details

Expert in Intellectual Property (Patent, trademark, copyright), Breach of Contract, & Royalty Audit Financial Damage Calculations

Expert ID: 733514 California, USA

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ECONOMIC DAMAGES EXPERT WITNESS, ROYALTY AUDIT, FRAUD & FORENSICS

Expert is experienced as an economic damages expert in State, Federal and USITC matters. In additional to economic damages and lost profits, Expert serves as an expert related to royalty audits and royalty auditor competence. He is a renown fraud investigator.

As a financial and economic damages expert witness, he has worked on matters from simple to more than $100 million complex litigation's. He works approximately 50/50 for plaintiffs/defendants.
Expert witness services for: intellectual property, patent disputes, copyright infringement, trademark infringement, false advertising, breach of contract, business interruption, class action, complex commercial litigation, fraud & forensics, Lanham Act, unfair competition, DMCA (expert witness for third largest award of $66 million), accountant malpractice, personal injury, product liability, royalty disputes, royalty auditor malpractice, royalty auditor independence, trusts & estates, wrongful termination, USITC.

He is a leader in understanding Georgia-Pacific factors given his supervision of more than 1,500 royalty audits. Expert also provides royalty audit defense work plus testifying on the responsibilities for an independent auditor in a royalty audit and professional standards.

ROYALTY AUDITS: Expert is recognized as a world leading authority in royalty auditing having lead the practice for two Big 4 Accounting firms, written two books on the topic (Oxford University Press & LexisNexis), numerous articles, and he has given many presentations.

He has experience performing the following types of contract compliance audits: royalty, construction, motion picture, video games & TV participation, residual, statutory payments, most-favored-nation, oil & gas royalties, publishing, labor, digital distribution, reseller & distribution, time & material, vendor and supplier.

INDUSTRY EXPERTISE: advertising, apparel, beverages, biotechnology, building materials, chemicals, computers, construction, consumer products, electronics, energy, environmental, hardware, home furnishings, manufacturing, media & entertainment, medical devices, movie theaters, motion pictures, oil & gas, pharmaceutical, pipelines, publishing, real estate, semiconductors, software, toys & games, video games, wireless communications.

REPRESENTATIVE CAREER CLIENTS: “A” list talent, Adobe, Amgen, Beats Electronics, DGA, Disney, Dolby, DreamWorks, DTS, DKNY, Ed Hardy, General Electric, General Motors, IGT, IMG, Marvel, Mattel, McDonalds, Microsoft, MLB, NFL, Occidental Petroleum, Obey, Paramount Pictures, Perry Ellis, Philips, Premier Inc, SAG, Silgan Containers, Scotsman Trailers, Sony Pictures, SRS, Toshiba, UCLA, Unocal, Warner Bros. Music, Warner Bros. Studios, Writers Guild.

PRIOR EMPLOYMENT INCLUDES: KPMG Partner, CAO of Beats Electronics, Ernst & Young, Disney Consumer Products, Occidental Petroleum.

Expert named "Forensic Services Expert Witness of the Year" in 2016 by the publication "Corporate America."

Financial damages

Expert may consult nationally and internationally, and is also local to the following cities: Los Angeles, California - San Diego, California - Long Beach, California - Santa Ana, California - Anaheim, California - Riverside, California - Glendale, California - Huntington Beach, California - San Bernardino, California - Chula Vista, California

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Education

Year Degree Subject Institution
Year: 1986 Degree: Bachelor of Science in Business Administration Subject: Accounting Theory and Practice Institution: Cal. State Northridge

Work History

Years Employer Title Department Responsibilities
Years: 2016 to 2017 Employer: Stout Risius Ross Title: Managing Director Department: Undisclosed Responsibilities: Litigation Support & Royalty Audit
Years: 2012 to 2014 Employer: Beats Electronics Title: Chief Audit Officer Department: Undisclosed Responsibilities: Chief Audit Officer
Years: 2009 to 2012 Employer: Green Hasson Janks Title: Partner Department: Undisclosed Responsibilities: Litigation Support & Royalty Audi
Years: 2008 to 2009 Employer: Stonefield Josephson Title: Partner Department: Undisclosed Responsibilities: Litigation Support & Royalty Audi
Years: 2003 to 2008 Employer: KPMG Title: Partner Department: Undisclosed Responsibilities: Litigation Support & Royalty Audi
Years: 1997 to 2003 Employer: Ernst & Young Title: Group Director Department: Undisclosed Responsibilities: Litigation Support & Royalty Audi

Career Accomplishments

Associations / Societies
Association of Certified Fraud Examiners
American Institute of Certified Public Accountants
Licenses / Certifications
• Certified Public Accountant (California & New York)
• Certified Fraud Examiner
• Certified Professional Environmental Auditor in Health & Safety
• Certified Professional Environmental Auditor in Environmental Compliance
• Certified in Financial Forensics (American Institute of Certified Public Accountants)
Professional Appointments
• Member, Board of Regents. Association of Certified Fraud Examiners
Awards / Recognition
• “Certified Fraud Examiner of the Year”
• Member, Board of Regents. Association of Certified Fraud Examiners
• National Innovation Award – Ernst & Young
• “Forensic Services Expert Witness of the Year” – Corporate America News
Publications and Patents Summary
Books
• Financial Elements of Contracts: Drafting, Monitoring and Compliance Audits
• License, Royalty & Revenue Agreements: Drafting, Monitoring and Auditing

Articles
• "Effective Licensee Monitoring," Intellectual Asset Management magazine
• “Challenges in Global Licensee Monitoring," Global License! magazine
• "Dealing with IP Licensees Around the World," IP Law 360
• “Tips for Developing Effective Licensee Monitoring,” IP Law 360
• “Challenges in Global Licensing Monitoring.” BEL: Brand Extensions & Licensing Worldwide Magazine
• “Drafting Agreement Tips – Common Mistakes in Defining Net Sales in a Royalty Agreement,” The Licensing Journal
• “Under Reporting Royalties by Licensees is More The Rule, Not the Exception,” The Licensing Journal
• “20 Licensee Best Practices to Reduce Royalty Audit Claims,” The Licensing Journal
• “Royalty Audits – Compliance with AICPA Standards,” American Institute of Certified Public Accountants, Forensic and Valuation Services Consulting Digest

PRESENTATIONS
• “Royalty Auditing: What IP Lawyers Should Know”
• “Monitoring 3rd Parties”
• “What Every Licensor Should Know About Royalty Auditing” (Multiple presentations including at the 2005 Licensing International Networking Conference)
• “Legal Foundations of Licensing - The Royalty Audit and Accounting Issues”
• “Common Mistakes in Royalty Agreements”
• “Avoid Key Financial Errors in Licensing Agreements”
• “Selected Issues in Dispute Resolution: Entertainment & Media Industry” (Pepperdine School of Law / Strauss Institute for Dispute Resolution)



Additional Experience

Expert Witness Experience
Expert has been an economics damages witness in approximately 65 matters. His testimony has been for plaintiffs and defendants in Federal, State, arbitration, and USITC matters. Case experience includes breach of contract, complex commercial litigation, patent, trademark, copyright, wrongful termination, false advertising, personal injury, energy, partnerships, and professional accounting standards related to royalty audits. His clients have won more than 90% of the cases where he has testified and his calculations have almost always been accepted over other experts. He has strong industry expertise in entertainment, apparel, energy, consumer products, construction, licensing, manufacturing, software, hardware, and toys. Expert was named Forensic Services Expert Witness of the Year in 20XX by Corporate America News.
Training / Seminars
CERTIFICATIONS
• Certified Public Accountant (California & New York)
• Certified Fraud Examiner
• Certified Professional Environmental Auditor in Health & Safety
• Certified Professional Environmental Auditor in Environmental Compliance
• Certified in Financial Forensics (American Institute of Certified Public Accountants)
Vendor Selection
Flare
Marketing Experience
Declared marketing expert by USITC.

Language Skills

Language Proficiency
English Native

Fields of Expertise

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