Selected cases

For industrial equipment manufacturer finding GAAP violations and overstated earnings in acquired company, PSA valued acquisition after identifying and quantifying recurring earnings shortfall. Dr. Saunders testified as to appropriate methodology for valuing shortfall and reduced value of company. Arbitrator accepted PSA's valuation methodology and awarded client $14,800,000.

For stockholder in restaurant company, PSA researched market, made on-site investigation, analyzed finances, adjusted for inter-corporate pricing, and performed asset, discounted cash flow, and market comparable valuations. Arbitrator accepted PSA's estimate of $1,000,000 value.

For retail and wholesale nursery and greenhouse business, being sued by minority stockholder seeking buyout and payment on alleged debt owed, PSA consulted on valuation of company and debt and testified at arbitration. Arbitrator valued company at well below amount claimed by plaintiff's big five accounting expert and used PSA's number for amount owed on debt.

For startup company claiming rights to bioremediation process, PSA demonstrated value of process by creating business plan and projecting potential profits from commercialization. Assignment involved extensive research into hazardous waste treatment and storage and into market for bioremediation of nuclear and other toxic waste. PSA provided testimony in affidavit, followed by successful defense at deposition.