RSL FINANCIAL CONSULTING, LLC

BUSINESS VALUATION / EXPERT TESTIMONY / ADR

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About Us

 

 

 

 

 

 

RONALD S. LONGHOFER, JD, MBA, CFA, CFE, ABV, CDFA     

 

RSL Financial Consulting, LLC, 249 S. Main St., Plymouth, MI 48170      Telephone: 734.207.1004

 

 

Current Services

 

Business valuation, damage studies, expert testimony, litigation support, and alternative dispute resolution (mediation, arbitration, and court-appointed master)

 

 

 

v      Adjunct Professor of Law, Wayne State University Law School, teaching Business Valuation

 

v      Frequent lecturer on topics including financial expert testimony

 

v      Author of financial and legal books and articles

 

 

Experience

2004-2006

 

 

 

 

 

 

 

Director, Valuation and Litigation Advisory Services Group

 

Stout Risius Ross, Inc.

 

Farmington Hills, Michigan

 

 

 

Performed business valuations, damage studies in commercial and securities disputes, consulting expert services in commercial litigation, forensic investigations, and ADR services

 

 

 

Business Valuation

 

 

 

v      Valued businesses for business planning purposes, shareholder litigation, and divorce

 

 

 

Litigation Advisory Services

 

 

 

v      Provided expert opinions and/or consultations as to damages in actions for breach of contract, stockbroker’s unauthorized, unsuitable and excessive trading, breach of non-compete and non-solicitation agreement, theft of customer list, infringement of copyright, breach of shareholder agreement, tortious interference with contract, piercing corporate veil, fraudulent conveyance, preferences, and patent infringement

 

 

 

Fraud Investigation

 

v      Investigated claims of self-dealing and misappropriation of assets, hidden assets in divorce proceedings, and fraudulent billing

 

 

 

ADR Services

 

 

 

v      Acted as Special Master for the United States District Court in commercial and class actions

 

v      Conducted numerous mediations in commercial actions

 

v      Conducted numerous arbitrations in complex commercial and class action disputes

 

 

1976-2003

 

 

 

Partner, Honigman Miller Schwartz and Cohn

 

Detroit, Michigan

 

 

 

v      28-year career as litigator concentrating in complex commercial and corporate/securities law included terms as Chair of the Litigation Department and head of the Corporate and Securities Litigation Practice Group

 

v      Represented both plaintiffs and defendants in many industries, including automotive, banking, commercial lending, construction, consumer appliances, consumer leasing, utilities, furniture, health care, hospital, technology, robotics, dentistry, accounting services, mortgage banking, title insurance, savings and loan, parking facilities, pharmaceuticals, professional sports, recording, real estate, retail drugs, securities broker-dealer, software, and telecommunications

 

v      Cases included accounting fraud, bankruptcy adversary proceedings, business torts, commercial class actions, commercial contracts, construction, shareholder disputes, consumer litigation, copyright infringement, corporate derivative actions, defamation, ERISA, fraudulent conveyance, bankruptcy fraud, medical malpractice, bankruptcy preference, product liability, securities class actions, and securities arbitration

1975-1976

 

Law Clerk

 

Hon. John Feikens

 

United States District Court for the Eastern District of Michigan

 

Detroit, Michigan

Professional Designations

 

 

 

v      Chartered Financial Analyst

 

v      Accredited in Business Valuation (AICPA)

 

v      Certified Fraud Examiner

 

v      Attorney at Law

 

v      Certified Public Accountant (licensed in Illinois)

 

v      Certified Divorce Financial Analyst

 

 

Education

 

 

 

v      MBA, Accounting and Finance, with distinction, Ross School of Business, University of Michigan

 

o        Inducted into the Beta Gamma Sigma business honor society

 

v      JD, magna cum laude, University of Michigan Law School

 

o        Inducted into Order of the Coif

 

o        Articles Editor, Michigan Law Review

 

v      BM, University of Michigan

 

o        Inducted into Phi Beta Kappa and Phi Kappa Phi

 

v      German Language Diploma, Goethe Institute, Munich, Germany

Professional

 

Organizations

 

 

 

v      American Institute of Certified Public Accountants (Business Valuation and Forensic and Litigation Services Section)

 

v      Michigan Association of Certified Public Accountants (Litigation/Business Valuation Task Force)

 

v      Illinois CPA Society

 

v      CFA Institute

 

v      Detroit CFA Society

 

v      Association of Certified Fraud Examiners

 

v      Institute of Business Appraisers

 

v      Institute for Divorce Financial Analysts

 

v      Michigan Collaborative Practice Institute

 

v      American Bar Association

 

v      Federal Bar Association

 

v      Oakland County Bar Association

ADR Services

 

 

 

v      Member, Academy of Court-Appointed Masters

 

v      Arbitrator, American Arbitration Association

 

v      Arbitrator/mediator, National Arbitration Forum

 

v      SCAO-approved mediator, Oakland, Wayne, Washtenaw, Jackson, Ingham and Kent County Circuit Courts

Publications

 

 

 

v      "The Residual Income Method of Business Valuation," BUSINESS VALUATION REVIEW, June 2005

 

v      "Business Valuation as a Measure of Commercial Damages," SRR JOURNAL, April 2005

 

v      Co-author, "Time Rule Formulas Considered In Division Of Stock Options At Divorce," MICH. LAWYERS WEEKLY, February 28, 2005

 

v      Co-author, “Hug Your Stock Options?” MICH. FAM. L. J., May 2005

 

v       "Michigan Adopts Daubert Principles and Evidence-Based Expert Testimony," 83 MICH. B. J. 34, October 2004

 

v       COURTROOM HANDBOOK ON MICHIGAN CIVIL PROCEDURE, West, 2007

 

v       MICHIGAN COURT RULES PRACTICE, West, 2004-2007 (Volumes 1-6)

 

v       Co-author, COURTROOM HANDBOOK ON MICHIGAN EVIDENCE, West, 2007

 

v      Co-author, INTRODUCING EVIDENCE AT TRIAL, ICLE, 3d ed., 2007

 

v      Co-author, MICHIGAN COURT RULES PRACTICE-EVIDENCE, West, 2002 (Volumes 1-3)

 

v       "Jury Trial Techniques in Complex Civil Litigation," 32 MICH. J.L. REF. 335, Winter 1999

 

v      Co-author, "Computer-Based Evidence under the Michigan Evidence Rules," 78 MICH. B. J. 678, July 1999

 

v      "Michigan's New Catch-All Hearsay Exceptions," MICH. B. J., September 1996

Listings

 

 

 

v      Who’s Who in America

 

v      Who’s Who in American Law

 

v      Who’s Who in the World

Public Service

 

 

 

v      Member (Past Chair), Civil Procedure and Courts Committee, State Bar of Michigan

 

v      Past Member, Board of Directors, Plymouth Symphony Society (served on Finance Committee and Membership Committee)

References

 

References available on request