Experience

Ross A. Hurwitz is a partner with substantial experience performing valuations of closely-held companies primarily for estate and gift tax reporting, litigation matters and transactions. His experience includes valuations of entity ownership across the capital structure, including minority equity interests, preferred interests, promissory notes and compensatory employee stock options. Ross also has particular experience in the litigation arena calculating lost profits and other economic damages, and provides audit support for valuation issues related to financial reporting.

Ross’s valuation and damages experience includes:

• Valuations of companies that operated in a wide variety of industries including real estate, asset management, heating oil and natural gas distribution, regional airlines, new and used automotive dealers, restaurants, and crypto assets, among others
• Valuations of fractional interests in real estate and artwork

• Calculations of fair value and fair market value of equity interests for litigation matters involving breach of fiduciary duty, shareholder dissent and shareholder buyouts

• Calculations of lost profits and disgorgement damages for litigation matters alleging professional malpractice, breach of contract, unjust enrichment, aiding and abetting, bad faith damage to reputation and breach of the covenant of good faith and fair dealing

• Valuations of private equity carried interests/promote interests for the general partner of private equity funds and hedge funds

• Analyzing real estate ‘waterfall’ distribution provisions for arbitration cases, pre-litigation shareholder disputes and partner distribution allocations

• Transfer pricing studies for a range of interest rates consistent with an arm’s-length transaction in connection with loans from affiliated foreign companies

• Estimating the rate of return to be assigned to a preferred membership interest in a closely-held company in connection with a recapitalization

• Estimating a reasonable guaranty fee for a promissory note issued in connection with a sale of a minority interest in a closely-held company

• Formulating solvency analyses for bankruptcy cases

Previously, Ross was a principal at Berdon LLP, which joined Citrin Cooperman in 2023. Prior to joining Berdon LLP, Ross worked for five years in the Private Client Group of Janney Montgomery Scott LLC as a registered private client associate where he was Series 7 and Series 66 licensed. During this time, he helped to serve and manage over $100 million of assets with a diverse set of clients and recommended portfolio investments based on fundamental analysis and client specific suitability factors.