PLANTATION, FL – The Michigan Court of Appeals recently affirmed the trial court opinion in Lemmen v. Lemmen citing that Gary R. Trugman CPA/ABV, MCBA, ASA, MVS, of Trugman Valuation Associates, Inc., is “perhaps The most qualified and respected business evaluator in the profession.” The Court indicated in its opinion
…Trugman testified at trial and clearly testified that DeBoer’s valuation method was not the product of reliable principles and methodology. Erick Adamy, defendant’s valuation expert, agreed.
The trial court rejected DeBoer’s valuation evidence, stating, in part:
The [c]ourt relies primarily upon the expert testimony of Gary Trugman as
supplemented by Adamy in coming to this conclusion. Trugman is perhaps THE most qualified and respected business evaluator in that profession. Trugman literally wrote the book on business valuation. Trugman testified, and the [c]ourt accepts as true, that the method used by DeBoer is simply wrong and without any support in the business valuation community. Adamy supported Trugman’s analysis.
Trugman Valuation Associates, Inc. is a national litigation support, business valuation and economic damages consulting firm. Gary R. Trugman is highly experienced, nationally respected, and fully accredited in all relevant areas of business valuation. He has been recognized as an expert witness, award-winning instructor, and the author of numerous books and courses on valuation, including several for the American Institute of Certified Public Accountants, (AICPA). The book referred to by The Court was Understanding Business Valuation, published by the AICPA.
His business valuation experience includes a wide variety of assignments including closely-held businesses, professional practices and thinly traded public companies.
The firm’s business valuation and litigation support services have been rendered for a variety of purposes including, but not limited to, family law matters, business damages, lender liability litigation, buy-sell agreements, shareholder litigation, estate and gift tax matters, buying and selling businesses, malpractice litigation, wrongful death, sexual discrimination, age discrimination, wrongful termination, and breach of contract. Representation in litigation includes plaintiff, defendant, mutual, and court-appointed neutral.
Trugman Valuation Associates, Inc. is a business valuation firm with experience in a wide variety of assignments including closely-held businesses, professional practices Trugman Valuation Associates, Inc. is located in Plantation, Florida with offices in New Jersey. For more information, please call 954-424-4343 or visit https://trugmanvaluation.com.