Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAn expert from J.S. Held’s Forensic Accounting team was retained on behalf of a defendant to review and analyze reports and opinions from an expert for the plaintiff in a lawsuit. The reports quantified an extra expense claim of $6.9 million pertaining to the delay in production of an episodic television series, specifically, the relocation and filming of Episodes 2-6 in Croatia and New Mexico (as opposed to the original location in Israel).
After the review and analysis of documents, including budgets, actual costs, production cost recaps, ledgers, testimony, and communications, our team was able to isolate several issues included in the plaintiff’s claim. The issues in the plaintiff’s report included:
Our recalculated extra expenses amounted to $3.4 million, or 48% of the plaintiff’s $6.9 million claim, by validating the actual expenses incurred compared to the budget for Episodes 2-6. This included a $1.6 million reduction after analyzing the tax credit/rebate realized because of the relocation and an additional $1.8 million reduction for costs which should have been allocated to Episodes 7-10.
Shannon Rusnak
Executive Vice President
Forensic Accounting Practice
+1 832 793 8537
[email protected]
> Business Interruption / Lost Profits
We provide specialized expertise in the quantification of damages related to claims and disputes involving business interruption and lost profits. Our team combines their financial expertise and diverse backgrounds to effectively evaluate the insured's/claimant's operations and industry/market-specific factors, to quantify interruptions and lost profits.
> Forensic Accounting
Our Forensic Accounting Practice includes Certified Public Accountants, Certified Fraud Examiners, Certified Financial Forensics experts, and other financial experts who specialize in financial investigations, dispute resolution, and regulatory compliance. We deliver the truth behind the numbers in financial matters involving insurance claims and disputes, business interruption/lost profits, cyber damages, Delay in Start-Up (DSU) / soft costs, extra expense, family disputes, fraud, labor & employment disputes, personal injury damages, and bankruptcy/insolvency.