MPI is proud to announce that Stacy Statkus has joined the firm as a Senior Vice President. Ms. Statkus brings a unique skillset to MPI after more than 16 years of experience in the litigation consulting, forensic accounting and business valuation realm. Her areas of expertise include matrimonial litigation involving high net worth individuals, celebrities, professional athletes, CEO’s and other C-suite executives, as well as other business owners and their spouses. Ms. Statkus is routinely engaged to conduct tracing analyses of separate and marital property and to identify and quantify living expenses and income available for spousal and child support.
In general, a fairness opinion is an analysis conducted by a third party valuation firm or investment bank that assesses whether the terms of a transaction are fair, from a financial point of view. If properly done, a fairness opinion is a powerful method to protect boards of directors, trustees and other corporate fiduciaries (collectively referred to herein as fiduciaries) from transaction-related liability. Unfortunately, too often, fiduciaries associate fairness opinions with acquisitions of large, public companies. Indeed, obtaining a fairness opinion is a best practice when considering a wide range of transactions, including minority redemptions, recapitalization, combinations and spin-offs, just to name a few. Moreover, a fiduciary’s duty of care is no less important when such transactions involve a closely-held company. Deeming fairness opinion studies too expensive, time consuming, or simply unnecessary, fiduciaries of privately held firms routinely engage in corporate transactions without relying on them. In reality, however, these same fiduciaries may, in fact, be more at risk than their publicly traded counterparts due to heightened appearances of conflicts of interest and self-dealing.
MPI announces the addition of seven new faces to our team. These team members will be working closely with our senior staff to provide analytical support required on client related engagements in our Tax-Based Valuations, Transaction Advisory, Financial Reporting and Litigation Support business.
What a difference several months can make in financial markets, especially within the energy sector. Within the past year we have seen $90+ per barrel oil prices and $3.50+ per gallon gasoline prices. However, as 2014 wore on, market dynamics changed and oil prices started a decline to levels not seen since the depths of the last recession.