Business Valuation Expert Witness & $20M Award

expert-witness-consultingBusiness valuation expert witness and CPA David L. Johnston testified for the plaintiff in a case against the Louisiana Department of Transportation and Development. Jeff Mercer accused state DOTD officials of harassing him after he refused to give an inspector a bribe in the form of money and/or equipment. Mercer testified that harsh inspections and denied payments for work done followed which forced him to declare bankruptcy. When his business closed, Mercer sued the DOTD for $12M.

Business valuation experts work to value the business in question at a fair market price.  Mr. Johnston, Johnston & Company, LLP Monroe, LA, is certified as a valuation analyst, accredited in business valuation, and certified in financial forensics.  He analyzed five years of detailed financial statements to determine how much the business owner should receive. On Dec. 4, 2015, the jury awarded Mercer $20 million from the state over the loss of his business.

 

 

 

 

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

No comments yet... Be the first to leave a reply!