Wright v. Irish: Which expert is right?
Abstract: For a variety of reasons, valuation experts sometimes arrive at widely divergent conclusions. Perhaps two qualified experts relied on different assumptions and facts. Or maybe one expert failed to perform in-depth analyses, made an overt error or used an appraisal technique that isn’t widely accepted in the valuation community. This article highlights a recent case that outlines common reasons for gaps between dueling experts — and helps explain why courts may decide to side with one expert over another. John Wright v. Jeffrey B. Irish and Mary Irish, NY Sup. Ct., Index No. 2111/2014, Nov. 7, 2014.