Armando Chavez serves as an economic damages expert and financial analyst with over 17 years of experience in the assessment of financial issues and determination of damages in litigation. Mr. Chavez has testified in federal and state civil case proceedings and has experience on matters involving intellectual property damages, valuation, breach of contract, business interruption, and licensing and/or sale of assets. Mr. Chavez has also been involved in non‐litigation consulting regarding patent licensing.
Mr. Chavez has conducted numerous complex analyses involving reasonable royalty, lost profits, present value, lost sales, incremental profit rates, cost of development, unjust enrichment, lost earnings, profit measurement, manufacturing and marketing capacity, fixed and variable costs, interest on damages, and potential technology/brand licensing or acquisition.
As part of his experience, Mr. Chavez has identified, reviewed and evaluated numerous financial documents including financial statements, business plans, projections, market studies, cost of sales reports, product line profit reports, contracts, forecasts, promotional materials, and license agreements, among others. Mr. Chavez has assisted many companies and law firms in the identification of relevant financial information, in the development of damage claims, and in the review of appropriate financial/damages considerations and related case strategies. Mr. Chavez has prepared or assisted in the preparation of a significant number of expert reports and assessments of claims of damages submitted in litigation. The matters in which Mr. Chavez has consulted have involved Fortune 500, multinational, and mid and small‐sized companies across a wide variety of industries, including consumer products, telecommunications, medical/pharmaceutical, sporting equipment, Internet/software, oil & gas, automotive, computer storage, construction, financial services, chemical, entertainment and semiconductor.
Mr. Chavez is a Certified Valuation Analyst (“CVA”), a Master Analyst in Financial Forensics (“MAFF”), and a member of the National Association of Certified Valuation Analysts (“NACVA”). Mr. Chavez is also a member of the Licensing Executives Society (“LES”), which is an organization of more than 5,000 members including corporate executives and professionals involved in the licensing and valuation of patents, trademarks and other intellectual property. Mr. Chavez has served as a lecturer on topics related to damages and valuation of intellectual property including at the Georgetown University Law Center and the Chicago Kent College of Law. Mr. Chavez holds a M.S. and a B.B.A., magna cum laude, in Finance from the Mays Business School at Texas A&M University.
Eric Forister is an economist with expertise in industrial organization, applied microeconomics, and applied econometrics. He has extensive experience in applying economic insights to understand firm and market behavior, analyzing large datasets using advanced econometric and statistical techniques, and designing and evaluating surveys. He has co-authored medical research papers and legal publications on class certification and market definition.
Dr. Forister has worked on both the plaintiff and defense sides of antitrust, intellectual property, consumer fraud (marketing), and breach-of-contract cases. As a consultant, he has addressed issues such as market definition, market power, competition, market pricing, merger efficiencies, common impact, materiality, reliance, ascertainability, royalty rates (including FRAND), damages, sampling, survey design, and irreparable harm. Dr. Forister has analyzed dozens of industries including consumer packaged goods, luxury goods, food products, medical services, biotechnology, legal services, fitness, clothing, entertainment, real estate, air and ground transportation, telecommunications, television, electronics, heavy industry, advertising, restaurants, automobiles, gasoline, payment processing, and illicit markets.
Greg Smith has more than 25 years of experience assisting clients by providing rigorous financial and economic analyses relating to licensing programs, damages, and the valuation of intellectual property, both within and outside the context of litigation. Mr. Smith has performed such studies in over 75 matters covering technologies from a wide range of industries, including computer equipment and software, telecommunications, healthcare, automotive, financial services, and retail and consumer products. In the litigation context, Mr. Smith has testified in federal and state courts on a wide range of financial issues. He has testified on lost profits, reasonable royalties, infringer’s profits, the valuation of businesses and/or business assets, and the forensic analysis of business records and operations. Outside of litigation, Mr. Smith has helped clients develop financial structures for major licensing programs and has assisted clients with valuing intellectual property assets. He has also consulted with several intellectual property owners in the pre-litigation stage to estimate potential recoveries from a licensing/enforcement program.
Mr. Smith holds a Master of Business Administration degree from the University of Maryland and a Bachelor of Arts degree in economics from the University of Virginia. He has published articles, been a frequent speaker in seminars before professional groups, and is the co-author of a forthcoming book on intellectual property damages. Mr. Smith is a Certified Public Accountant, a Master Analyst in Financial Forensics, and a Chartered Global Management Accountant.
As a Principal at Analysis Group, Dr. Vigil specializes in intellectual property and breach of contract cases involving valuation, estimation of damages, and unjust enrichment. He has served as an expert witness in complex litigation matters across multiple industries, including pharmaceuticals, consumer products, computer hardware and software, and electronics. For example, Dr. Vigil was a member of the Analysis Group team that supported affiliated experts in the Apple v. Samsung patent litigation regarding the value of software features embodied in smartphones and tablets as drivers of purchasing decisions. Outside of litigation work, Dr. Vigil helps clients value intellectual property for sale or license, and evaluate potential partners for licensing, acquisition, or divestiture of assets.