Object Lessons
August 17, 2021
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Using an expert who's biased - or is perceived to be so - can ruin your case. Here are some ways to ensure a valuation expert's objectivity:
- Discourage experts from acting as advocates for your client's position.
- Ask experts to correct any mistakes revealed at trial and adjust their valuations accordingly.
- Be sure experts follow accepted valuation methodologies - unless your client is willing to be a "test case."
- Consider using separate valuation and rebuttal experts.
- Have your trial expert's valuation reviewed by an independent consulting expert.
- Encourage experts to act as advocates only for their own (objective) position.