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CHICAGOLAWBULLETIN.COM                                                                                            MONDAY, FEBRUARY 4, 2013


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Volume 159, No. 24




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                Copyright © 2013 Law Bulletin Publishing Company. All rights reserved. Reprinted with permission from Law Bulletin Publishing Company.

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Michael LoGiudice, CBIZ Valuation Group - Expert Witness for Companies Suffering Damage from Hurrican Sandy

  • 1. CHICAGOLAWBULLETIN.COM MONDAY, FEBRUARY 4, 2013 ® )1+75 +74175 Volume 159, No. 24 9EJAII J=?AI IJH @==CA =OA@ OK D=LA J BE=?A EJ BH = CAH FAHE@ B JEA =@ ?AHJ=E ?IJI ?JEKA JD=J MK@ D=LA JDAHMEIA @EI?JEKA@ … EA HAJ= B IJH=CA IF=?A H IEJA BBE?A IF=?A” KIJE 9AEIAHC = F=HJAH =J )HIJAE ADH 2 MD BJA DEHAI /EK@E?A I=E@ IA ANFAHJ MEJAIIAI @EIF=O J K?D A JE MDA @AI?HEEC @==CAI E = ?=IA /EK@E?A @H=MI DEI ?IJHK?JE *KJ /EK@E?A =LE@I @EC JD=J 9AEIAHC I=E@ MDE?D =AI DE MDM J =IIAII DKHHE?=A IIAI =FFA=H HA ?HA@EA “0A’I LAHO ALA JAFAHA@” 9AEI AHC I=E@ “) K@CA H = KHO ?= JA MDA IAA EI CAJJEC AJE= 9 =KJ JDA FEE =@ 1 @’J JDE *; - *))4, “1 J=A JDA B=?JI BH JDA ?=IA JD=J DAFI 0A ?AI BB =I HA =M *KAJE IJ=BB MHEJAH =@ ?IJHK?J = @A B MD=J E@AFA@AJ” MK@ D=LA D=FFAA@ KJ BH JDA /EK@E?A ?KHHAJO MHI =I = DA JAIJEBOEC =KJ @= JDECI JD=J =HA AEC =ACA@ E JDA ANFAHJ MEJAII BH =KJ EA AM =CA =IIAIIAJI E IJ=JA ?=IA” DA I=E@ ;H ?F=EAI JD=J IKBBAHA@ @= =@ BA@AH= ?KHJ ?=IAI ,KHEC DEI JEA =I = +. =CA @KHEC 0KHHE?=A 5=@O =IJ ANFAHJ MEJAII E?D=A /EK@E?A /EK@E?A BJA MHA@ MEJD =J OA=H 0A I=E@ DA =IIAIIAI JDA @A @H=MI JDA # OA=HI DA IFAJ E JHAOI MDEA IAJJEC KF ?IJHK? IJHK?JE JDAHA @EBBAHAJO JD= DA JDA ?IJHK?JE =@ =KB=?JKH JE FHA?JI .HAGKAJO JDAO @E@ =BJAH 0KHHE?=A =JHE= DEJ JDA EC E@KIJHO MK@ =I DE BH DEI FEE /KB +=IJ )@ IE?A DA AC= B?KIEC @==CA ?=IAI JDAO MAHA D=@EC JDA -=IJ +=IJ JDA ME@ =IIAIIAJ MH E ''% DA’I D= DA I=E@ E?D=A /EK@E?A ?=KIA@ HA @==CA JD= B@ @A@ IA =H FHA?JI — E LAH JDA OA=HI DA I=E@ DA CH=@ M=JAHI @E@ 0=@ HA B@ @==CA ?K@EC AL=K=JEC @==CA ?=KIA@ K=O AC= @EC AII ?IJHK?JE @=OI JDA IJ=@ E = @EIFKJA ??KHHA@ KIEAIIAI MK@ D=LA O 0KHHE?=A =JHE= =@ AIJE MH =@ IFAJ HA JEA @= AJMAA JDA AJHFEJ= 9=JAH = A=IEAH JEA =EC EIKH=?A =JEC JDA ABBA?JI B = ?IJHK?JE =CA ?=IAI 4A?==JE ,EIJHE?J B /HA=JAH ?=EI @A=O = IAJ B +DE?=C KNKHO “)I 1 MK@ FHLE@A JDAHEAI A +DE?=C =@ JDA 4EJ+=HJ 4AI “) J B FAFA =HA BE@EC JDAO ?@EEKI JDEC MK@ A=@ J =JDAH =@ 1 E@A?AI @’J D=LA JDA ?LAH=CA JDAO JDE /EK@E?A ==CEC @EHA?JH B M=I DEHA@ L=HEKI ?=IAI” DA ) + +KJO ?EH?KEJ K@CA H JDAO @E@ D=LA” /EK@E?A I=E@ +*1 8=K=JE /HKF + I=E@ I=E@ @AHA@ JDA FKE? M=JAH =CA?O J )@ MEJD IA EIKH=?A ? K?D B DEI ABBHJ = =IIAIIAJ ;A=HI =JAH /EK@E?A JAIJEBEA@ =I F=O !$ EE =IJ JD J JDA F=EAI HAA?JEC ?=EI O KIE CAI EJ @AJAHEEC DM @=EO = ANFAHJ MEJAII E 0KHHE?=A MAH B JDA 4EJ+=HJ 4AIE AIIAI JDA IJH D=I CELA HEIA J FAH=JEI — IK?D =I AAJEC F=O =JHE= ?=IAI =BJAH = BHEA@ — MD @A?AI BH ?EC =??AII J = = IKIJ=JE= =KJ B EJEC= H =@ IJ=BBEC — EF=?J = KIE M=I = +. B = B=IJB@ ?D=E JD=J =AO A=H JDA KE@EC IEJA ?=KIEC JE AII’ FHBEJ=EEJO MA@ HAIJ=KH=JI @==CA@ O JDA = JD @A=O “)JJHAOI =HA CAJJEC ELLA@ 0EI ANFAHEA?A E ?IJHK?JE IJH — =IA@ BH DEI DAF “1 ?=?K=JA@ MD=J JDA ?IJHK? E ?LAH=CA @EIFKJAI HA GKE?O DAFI DE FHLE@A IJHCAH HA /EK@E?A MHA@ MEJD ?F= JE FHA?J MK@ D=LA A@ EA JD= JDAO IAJEAI MK@” DA MAHAIA=H?DA@ =IIAIIAJI DA EAI J @AJAHEA JDAEH ?IJI J MEJD =@ MEJDKJ JDA @A=O” /EK I=E@ “2AFA =HA KIJ ACEEC J I=E@ HAKE@ =@ DM C ?IJHK?JE @E?A I=E@ “9DA = FHA?J EI @A HA=EA MD=J ?= A @A =@ DM “0=LEC AA JDA JDAH IE@A 1 MK@ J=A J ?FAJA JDAO ?= HA?LAH =@ CAJ AO BH K@AHIJ=@ JDA EJKEJE D=I J *KJ A B JDA IJ EFHJ=J EJ” ?A @M J D=H@ B=?JI =@ 1 JDECI J @AJAHEA DA I=E@ M=I “0=LEC E?D=A ) 5JEACA = F=HJAH =J ‘‘ AA JDA D=LA J J=A = ?F=O’I CKJ DM K?D KIEAII JDA AJEJO IJ E?D=A *AIJ .HEA@HE?D 2 I=E@ BAAEC =@ =IIAII EJ E JDA ?@ =I = HAIKJ B JDA DKHHE?=A /EK@E?A IAHLA@ =I = ANFAHJ MEJ JDAH IE@A 1 ECDJ J ?FAJAO BE@ A?JELA /EK@E?A DAFA@ =IIAII =KJ AII E = ?=IA =KJ = E@KIJHE= @=J=” EE E @==CAI DA I=E@ =@ F=H DA D=@A@ K@AHIJ=@ JDA /EK@E?A $ IFAJ IJ B DEI A=?D IJH @==CA ?=IA J A /EK@E?A’I =EEJO J =HJE?K=JA ?=HAAH MHEC =I JDA ?DEAB BE JMAA EA J JDI J ? DEI HAIA=H?D AABEJI DE 5JEACA =?E= BBE?AH BH . -@M=H@I +IJHK?JE + E /AAIA FAJA “1 M=I @M JDAHA JDHAA MAAI EJKEJE D=I J I=E@ “-NFAHJ MEJAIIAI =HA LEAMA@ +KHHAJO /EK@E?A D=@AI =I =BJAH 0KHHE?=A =JHE= DEJ =@ 1 ?A @M J D=H@ BH JDA IJ=@FEJ B JDAEH ?HA B=?JI =@ 1 D=LA J IAIIAJI E =HA=I E?K@EC = HAAAH D=LEC J C JDHKCD @AJE=I JDAEH IFAA?D — JDAEH =E KB=?JKHEC ?IJHK?JE DIFEJ= EEJ=HO ?DA? FEJI” DA I=E@ “.H EJO J ?KE?=JA E JDA @==CA J=A = ?F=O’I EJO MDAI=A @EIJHEKJE =@ HA JDA ANJ JM OA=HI 1 =@A A J MH@ =@ A =A J ANF=E MDO J=E I=AI JM JHEFI = JD @M J AM JDA @==CAI ANEIJ” DA I=E@ “1J’I = CKJ BAAEC =@ 9EJD ALAHO =IIAIIAJ /EK HA=I H JDA /KB +=IJ” LAHO ?FE?=JA@ =HA= JD=J IJ @E?A @AJAHEAI DM A=?D B=?JH B ,KHEC = ?=IA =IJ JD MDAHA H@E=HO BI @’J CAJ ELLA@ JDA @==CAI KJEA@ E = =MIKEJ HA=JAI J JDA KIEAII /EK@E?A @AJAHEA@ JDA EF=?J B = ?IJHK?JE @A=O DA IFAJ =IIAII EJ … ” E” ==H@(F?? Copyright © 2013 Law Bulletin Publishing Company. All rights reserved. Reprinted with permission from Law Bulletin Publishing Company.