Shortcuts can be embarrassing — and costly
Abstract: This brief article warns that novice valuators who sidestep valuation procedures to save money — as well as clients who misrepresent the facts to skew valuation results — may be in for a rude awakening. Courts are becoming increasingly sophisticated in appraisal matters. When a valuator skips steps or fails to understand a company’s operations, the court is likely to discount — or even reject — the expert’s opinion. The article uses the recent case Burr v. Burr to illustrate this point. Case citation: Burr v. Burr (2008 WL 4906271, Mass. App. Nov. 18, 2008).