Overview

Chris’ thirty-six year accounting and consulting career encompasses positions in industry as well as public accounting and is a blend of three principal specialties: (1) Intellectual Property management and valuation, (2) Dispute resolution investigations and expert witness testimony, and (3) Automated accounting and financial reporting systems design and testing.  Most of his client engagements have incorporated at least two of the three, and in some instances, all three specialties. When serving as a forensic accountant or damages expert witness, for example, Chris utilizes his knowledge of computerized financial reporting systems along with his litigation consulting training and experience.  When retained as an expert witness in a patent, copyright or trade secret matter, or as a consultant to help a client maximize the gain on the sale of intangible assets, he regularly draws upon all three specialties.

Experience +
Intellectual Property Management and Valuation

Retained by a patent holder’s counsel to assist with pre-discovery settlement negotiations with a Fortune 100 company in the internet and data storage industries.  The primary assignment was to prepare potential Settlement model scenarios and accompanying report.  A successful outcome was achieved for our client.

Retained by Ford Global Technologies to structure a complex IP transfer transaction relating to a cluster of 73 patents and pending applications. Work included pre-negotiation valuation, attracting prospective buyers and consultative support during buyer due diligence and purchase negotiations.

Retained by Telcordia Technology, Inc. to assist during the formation of a joint venture with non-US entities that possessed compatible (vertical) patented wireless technologies relating to 3G video systems.  Principal role was to advise on the respective values of the contributed IP by the JV partners and planned jointly-developed IP to establish ownership and profit sharing percentages.

At the direction of the presiding bankruptcy Judge, served as an expert to determine the commercial viability and auction value of a collection of IP under the control of a Chapter 11 Trustee.  The IP was deemed by the Court to be the critical asset class for future commercial viability of the debtor, as well as for a potential liquidating auction.

Retained by USG (U.S. Gypsum) to assist in the evaluation of an IP strategy for a group of internally developed innovative technologies prior to patent application; these analyses were utilized in the construction of the patent claims to maximize their blocking capacity. Two years later, Chris was retained to advise in the acquisition of an entity with strategic IP (patents and trade secrets) where the analyses were used to help determine reasonable purchase terms.

Co-authored the tenth edition revision to the Wiley Accountant’s Handbook, specifically Chapter 20A: Goodwill and Other Intangible Assets - an Update.

Invited, along with fourteen other nationally credentialed IP practitioners, (many from Fortune 100 companies) to contribute a chapter in a book published by Wiley & Sons titled, Business Power - Creating New Wealth From IP Assets. Chris’ chapter, Intellectual Property’s Impact on Corporate Financial Management, provides practical guidance to CFOs as they cope with recent regulatory, accounting pronouncement and corporate governance changes relating to IP.

Dispute Resolution and Expert Witness Testimony

Personally retained for more than 90 matters as an expert witness (both liability and damages), and Chris has presented expert witness testimony at trial more than 35 times (State, Federal and Bankruptcy courts) and has been cited favorably in five written Court opinions.

Retained and testified as the damage expert for the plaintiff in a multi-million dollar patent assertion matter in the digital rights management and distribution area.  The matter remains active.

Established in 1992 and for nine years, grew BDO Seidman’s Midwest Litigation Consulting Practice, ultimately serving as Partner in Charge of Specialty Consulting for the Midwest. For nearly half of his tenure, Chris’ responsibilities also included the Bankruptcy and Valuation practices.

While serving as the Midwest Partner in Charge of Specialty Consulting at BDO Seidman, Chris led the Litigation Consulting team that was acknowledged in 1995 by Accounting Today with its GOLD MEDAL AWARD for client service by a large firm.

In 2000, Chris was invited to address the Inns of Court in Chicago on the ABA’s Multidisciplinary Practice Commission Recommendations to the House of Delegates.

Systems Design and Testing

Retained by the American Bar Association’s Legal Technology Advisory Council to help establish law office performance standards for various categories of software, as well as to establish the testing program that led to its initial certification program in 1986.

Acknowledged by the Chief Magistrate Judge in the Ninth Circuit for uncovering extensive computer fraud, evidence tampering and spoliation such that a Directed Verdict was granted to his clients and sanctions ordered against the defendant and their counsel.

Cited in a written judicial Opinions in: the U.S. District Court in Kansas City, the Circuit Court of Oakland County (Michigan), the Circuit Court of Cook County (Illinois), the Court of Common Pleas, Centre County Pennsylvania, and the U.S. District Court, Central District of California for damage and/or liability testimony relating to computer irregularities.

Retained by: the Commissioner of Insurance in Mississippi, the City Council of Springfield Illinois and Counsel on behalf of the City of Houston to investigate automated reporting systems for suspected regulatory violations and related cover-ups.

Education +

Loyola University, 1978

B.A. Business Administration

Major:  Managerial Accounting

Certifications +

Certified Management Consultant, March 1986

Certified Public Accountant, September 1990

Memberships +

Member: Illinois CPA Society and American Institute of Certified Public Accountants 

Member: Institute of Management Consultants

Member: National Knowledge and Intellectual Property Management Taskforce 

                    Former Chair of Finance Committee 

Publications & Speaking Engagements+

The Convergence of Commercial Patent License Pricing Models and Allowable Patent Damage Models, Bloomberg BNA’s Patent, Trademark & Copyright Journal, May 2016

Lessons Learned From 3 Large Patent Damage Rulings, IP Law 360, 2015

Accountant’s Handbook: Chapter 20a - Goodwill and Other Intangible Assets, John Wiley & Sons, 2008

Business Power, Creating New Wealth From IP Assets: Chapter 12 - Intellectual Property’s Impact on Corporate Financial Management, John Wiley & Sons, 2007

Accountant’s Handbook: Chapter 20a - Goodwill and Other Intangible Assets, John Wiley & Sons, 2006

Accelerated Monetization of Intellectual Property, National Knowledge and Intellectual Property Taskforce, 2002

Unleashing Commercial and Financing Values Associated With Dormant Intellectual Property – A Three-Year Tax Moratorium & Tax Reform, National Knowledge and Intellectual Property Taskforce, 2002The New Discovery Rules In Illinois - What You Don’t Know Can Hurt You, “Insights” (Illinois CPA Society), 1996

Monitoring Costs Associated With Expert Witnesses, "American Bankruptcy Institute Journal" in 1994 

Monitoring Costs Associated With Expert Witnesses, “Law Office Economics Section” of the Illinois State Bar Association; 1992

Practices +