Law360: Parsing M&A liquidity and fair value in Delaware and Caymans
In both the Delaware Court of Chancery and Grand Court of the Cayman Islands, Court-determined appraisals of “fair value” are a common remedy for shareholders...
Erik Himan is a Vice President in the Finance Practice of CRA. He has over 15 years of experience applying economic and quantitative methods to problems in complex business litigation as a testifying expert and as a consultant.
Mr. Himan specializes in the areas of business and asset valuation, appraisals and price disputes, assessing solvency in ability-to-pay and fraudulent conveyance claims, securities litigation, accounting issues, measurement of damages and the economic analysis of material adverse effects.
Mr. Himan also consults on antitrust matters. He has been engaged in numerous matters by both the merging parties and the government agencies, including the Federal Trade Commission and the US Department of Justice, in the verification of merger efficiencies and synergies in horizontal mergers. He has also performed financial analyses related to claims of anticompetitive behavior, failing firm defenses, and he has analyzed the financial ability of firms to pay antitrust fines.
He has worked across many industries, including retail, financial services, automotive, payment and credit cards, energy, real estate, health services, transportation, steel, and telecommunications, among others. He is a CFA Charterholder and a Certified Valuation Analyst (CVA) as recognized by the National Association of Certified Valuators and Analysts (NACVA).
Prior to joining CRA, Erik was an associate director at Navigant Economics, a commercial loan analyst at Bank One/American National Bank, and a technology consultant at Inforte Corp. He has also taught at the elementary and high school levels both domestically and abroad.