Fair Value Measurements and Reporting for 2012

John Lehman is a Director in the Financial Advisory Services practice area at Sirius Solutions where he partners with clients on projects involving financial reporting and SEC compliance. He has extensive experience in interpreting and applying SEC reporting requirements within multiple industries, including the oil and gas, energy, services and manufacturing sectors. John has assisted clients in the execution of property acquisitions, initial and secondary public offerings, private placements and reverse mergers.

John’s experience spans across the following transactions: business combinations (including purchase accounting, mergers and acquisitions), share based compensation and arrangements, fair value, complex derivative financial instruments and commodity hedging activities. In addition, he has completed initial and secondary public offerings, private placements, reverse mergers, comfort letters related to public debt/equity financings and SEC compliance and reporting (including pre-clearance letters to the SEC), registration statements on Form S-1 and Form 10, responding to SEC comment letters and corresponding with the SEC CorpFin and OCA. His background also includes ongoing reporting in both the U.S. (NYSE, NASDAQ, AMEX and OTCBB) and the U.K. (the London Stock Exchange) for publicly-traded entities.

John holds a BBA in Accounting from the University of Texas in Austin.

Linda MacDonald is a senior managing director in the FTI Consulting Forensic and Litigation Consulting practice and is based in New York. Ms. MacDonald has nearly 25 years of professional experience in financial accounting and reporting. Since joining FTI Consulting in August 2008, Ms. MacDonald has served as a testifying and consulting expert in connection with various litigation matters, many involving the application of generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS) by financial institutions, hedge funds, and publicly held entities.

Ms. MacDonald joined FTI Consulting after nearly 12 years at the Financial Accounting Standards Board (FASB), where she was a director. While at the FASB as a director and before that as a project manager, she was involved in establishing U.S. accounting standards and coordinated with the International Accounting Standards Board (IASB) in London on convergence with IFRS. She managed the projects that established the FASB’s accounting standards on fair value measurements (SFAS 157), restructuring obligations (SFAS 146), and asset impairments and disposal activities, including discontinued operations (SFAS 144), and advised on implementation of the standards after they were issued. She also was involved in various initiatives to address complexity in financial reporting, including the FASB’s initiative on principles-based standards.

Ms. MacDonald began her career as an auditor for a national public accounting firm (now Deloitte & Touche). She later joined the U.S. Securities and Exchange Commission (SEC) in Washington, DC, where she was a member of the staff of the Division of Enforcement. While at the SEC, she worked on investigations into possible fraud and violations of GAAP and generally accepted auditing standards (GAAS) associated with the financial statements of public companies. After leaving the SEC, she held positions with national public accounting firms where she worked on various litigation matters.

Ms. MacDonald holds an M.B.A in finance from American University and a B.A. in economics and management from Albion College, and is a certified public accountant. She is a former member of the Technical Standards Subcommittee of the AICPA Ethics Committee and of the AICPA Not-for-Profit Fair Value Task Force. She has been a frequent speaker on accounting topics at national industry and professional conferences and other events.

Ms. MacDonald has contributed to FASB publications, including “Some Facts about Fair Value” (May 2008) and “The IASC-U.S. Comparison Project: A Report on the Similarities and Differences between IASC Standards and U.S. GAAP” (1999). Other publications include “Fair Value Changes Ahead,” The CPA Journal (January 2010) and “Don’t Bury Fair-Value Accounting Just Yet,” Conde Nast Portfolio.com (October 7, 2008).

Chris Mears is the principal-in-charge of Rothstein Kass’ New York Metro financial services group. He has over 17 years of experience in financial services, with a particular emphasis on investment partnerships, offshore funds and private equity funds. Chris advises alternative investment clients at the initial organizational phase to address the accounting and tax matters that may have an impact on the fund. After fund formation, he typically oversees all services provided to the fund by the Firm, including the audit and ongoing consultation regarding many diverse operational, transactional and tax matters.

Chris earned a Bachelor of Science degree in accounting from Rutgers University in 1989. He is a member of the New Jersey Society of Certified Public Accountants (NJSCPA) and the American Institute of Certified Public Accountants (AICPA). Chris joined Rothstein Kass in 1992 as a senior accountant. In 2000, Chris was promoted to principal and currently serves on the Firm’s executive committee. Chris is a frequent speaker at various conferences as well as firm marketing events, has been quoted by various publications including the Wall Street Journal and has authored articles pertaining to hedge funds and private equity.

Mr. Wong specializes in accounting and financial economics. He has devised and implemented analyses for numerous general advisory and litigation projects. His areas of expertise include broker/customer disputes, mutual fund litigation, forensic accounting, insider trading, leasing and leveraged leasing, securities class action litigation, and valuation.

Mr. Wong has been retained to issue valuation reports on the various equity, debt, and derivative securities of private companies with complex capital structures. He has served as the damages expert in mediations involving brokerage firm customers with churning and suitability claims. He has also been retained as a consulting expert on cases involving forensic accounting issues and the valuation impact of alleged accounting fraud.

Mr. Wong holds a master of accounting and a bachelor of economics from the University of Michigan. He is a CFA charterholder and a Certified Public Accountant, and is Accredited in Business Valuation by the AICPA.

Mr. McKnight is a member of NERA’s securities and mass torts practices and specializes in financial economics and statistics. His areas of expertise include quantitative finance, securities class action litigation, forecasting mass tort claims, and insurance and reinsurance valuation.

As a member of the Securities Practice, Mr. McKnight has computed damages for classes of stock, option and bond holders, analyzed claims of fraudulent conveyance, and assessed the merits of class certification. As a member of Mass Torts Practice, Mr. McKnight has forecasted future liabilities for personal injury claims resulting from exposure to asbestos, silicosis, pollution, and drugs and medical devices, and allocated projected losses to available insurance coverage.

Mr. McKnight received his B.A. in mathematics from Vassar College and his M.S. in mathematics from the New York University Courant Institute of Mathematical Science, where he specialized in analysis, probability, and statistics.