Skip to main content

Pocket MBA Summer 2013: Finance for Lawyers


Speaker(s): Andrew A. Wiederhorn, Catherine E. Moreno, Daniel V. Dooley, Sr., CPA, Doug Bodel, Dubravka K. Tosic, Ph.D., Edward T. Schultz, Jennifer L. Blouin, Katharine A. Martin, Kelly Richmond Pope, Ph.D., CPA, Kenneth P. Herzinger, Kirsten S. Aunapu, Neeraj Chawla, Ozan Karan, Philip Graves, Preethi Desa, Raj Tanden, Sally Ann Flood, Todd J. Rosen, William Brentani
Recorded on: Jun. 3, 2013
PLI Program #: 41749

Kelly Richmond Pope, Ph.D. CPA is an Associate Professor in the School of Accountancy and Management Information Systems at DePaul University, as well as, the founder of Helios Digital Learning, Inc., an education media company that offers a suite of educational, consulting and training products and services designed to help organizations understand, identify and prevent fraud. She is also a Visiting Associate Professor at the Wake Forest University School of Law.

She teaches in the area of managerial accounting and publishes in the area of forensic accounting and whistle-blowing. Her research has been published in the Behavioral Research in Accounting, Auditing: A Journal of Theory & Practice, Journal of Business Ethics, CPA Journal and WebCPA. She is a co-author of the upcoming book, The A.B.C.’s of Behavioral Forensics: Using Psychology to Prevent, Detect and Deter Fraud. She is a contributing writer for Forbes.com and The Daily Beast Newsweek. She also is the creator and executive producer of the award winning educational white-collar crime documentary Crossing the Line: Ordinary People Committing Extraordinary Crime, which was a 2012 recipientof the American Accounting Association Ethics Committee’s Teaching Award and a recipient of the 2012 Mark Chain/FSA Teaching Innovation Award sponsored by the AICPA. Additionally, she was recently elected to the AICPA Governing Council for a 3-year term.

In her spare time, Dr. Pope enjoys spending time with her family and exercise. She is a certified piloxing and INSANITY instructor.


CATHERINE MORENO
Partner 

Securities Litigation
Business Litigation & Counseling
Internal & Government Investigations
Litigation
White Collar Crime

EXPERIENCE:

Catherine Moreno is a partner in the Palo Alto office of Wilson Sonsini Goodrich & Rosati. Catherine specializes in securities litigation and counseling, including the defense of companies and their directors and officers in class actions, derivative lawsuits, and M&A litigation. She also is experienced with internal investigations and in defending companies and individuals in SEC enforcement proceedings involving allegations of insider trading, securities fraud, and reporting violations. In addition, Catherine is experienced in a variety of commercial litigation matters and is a frequent speaker and lecturer on issues of securities fraud, accounting misstatements, and insider trading.

Catherine maintains an active pro bono practice and has been honored for her work on civil rights impact litigation. She also is a member of the firm’s Education and Pro Bono committees.

SELECT CLIENTS:

  • Astex Pharmaceuticals, Inc.
  • BigBand Networks
  • Infogroup, Inc.
  • Intermedia.net, Inc.
  • Oak Hill Capital Partners
  • Pacific Biosciences of California, Inc.
  • TIBCO Software

EDUCATION:

  • J.D., Columbia University School of Law, 2001
  • Editor, Columbia Journal of International Law
  • B.A., Rice University, 1998

ASSOCIATIONS AND MEMBERSHIPS:

  • Member, Association of the Bar of the City of New York
  • Member, Board of Directors, Probono.net

HONORS:

  • Honored with a 2015 “California Lawyer Attorney of the Year” (CLAY) Award by California Lawyer in the immigration/pro bono category
  • Recipient, Jack W. Londen Award, Lawyers’ Committee for Civil Rights of the San Francisco Bay Area, 2013

SELECT PUBLICATIONS:

  • Practising Law Institute Pocket MBA Program: Securities Fraud and Earnings Management, 2013-2014
  • 30th Annual SEC Reporting and FASB Forum: FCPA Risks in Emerging Markets
  • Co-author with Elizabeth Peterson, “The Expanding Territorial Reach of RICO: It’s Not Just for U.S.-Based Organized Crime Anymore,” Bloomberg Law Reports, May25, 2010

ADMISSIONS:

  • State Bar of California
  • State Bar of New York
  • U.S. District Court for the Northern District of California
  • U.S. District Court for the Southern District of New York


Daniel V. Dooley, Sr. is a former partner (retired) in the firm of PricewaterhouseCoopers LLP, where he was the global leader of the firm’s Securities Litigation and Investigations Consulting practice. As an audit partner, he performed examinations of companies in a wide range of industries and sectors – including: computers and electronics, energy, financial institutions,  manufacturing and products, oil and gas exploration and production, and real estate, and software. Dooley has served as  partner for the corporate investigations of – among others: Aetna US Healthcare, Ahold (Royal Ahold N.V.), Computer Associates International, DaimlerChrysler, First Republic Bancorp, McKesson HBOC, Network Associates (McAfee), Parmalat S.p.A, Phar-Mor, Sensormatic, and Xerox. He has served as an expert accountant on behalf of the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and a number of private plaintiffs and defendants; and he has been qualified as an expert witness by various federal district courts, and various federal bankruptcy courts, and in the federal court of claims. Also, Dooley has served as an arbitrator in a number of accounting-related matters. He was editor-in-chief of the PricwewaterhouseCoopers Annual Securities Litigation Study, and chairman of the editorial board and editor of the West Law Securities Litigation Reporter; and he has served as an adjunct professor at New York State University – Stony Brook, and lectured at Harvard Law School, University of Chicago Graduate School of Business, Dartmouth Tuck School of Business, and Fordham Law School. He is a Certified Public Accountant, licensed in various states including New York, Connecticut and Louisiana, and he is a member of the American Institute of Certified Public Accountants and various state societies of CPAs. Presently, Dooley consults to a number of U.S. and foreign companies on litigation-related accounting issues and matters before the Securities and Exchange Commission.


Dubravka K. Tosic, Ph.D.
Director
Berkeley Research Group, LLC
Saddle Brook, NJ

Dubravka K. Tosic is an Economist and Director at Berkeley Research Group, LLC (BRG), a national leader in economic and statistical consulting.  She joined BRG in December 2015, after spending almost 6 years as a Principal at ERS Group, and over 12 years as a Director in the Dispute Analysis practice of PricewaterhouseCoopers, LLP in New York. 

Dr. Tosic performs economic and statistical analysis and damage calculations, and provides consulting and expert witness assistance in labor and employment disputes and litigation matters involving allegations of employment discrimination, and during regulatory audits and investigations, and in connection with pro-active compliance reviews.   Dr. Tosic also performs expert work in commercial litigation matters involving allegations of breach of contract and lost profits, and management consulting projects requiring analyses of complex information and data analytics. She has testified in federal and state courts, and has worked with numerous Fortune 500 companies, national and international law firms, Federal, State and Local government entities, and international organizations.   

Dr. Tosic received her Master’s degree and Ph.D. in economics from Florida State University and her Bachelor’s degree from University of Maryland.

She can be reached at (201) 587-7130 or dtosic@thinkbrg.com.


KATHARINE A. MARTIN
Partner

Corporate Law & Governance
Entrepreneurial Services
Mergers & Acquisitions
Venture Capital

EXPERIENCE:
Katharine (Katie) Martin is a partner in Wilson Sonsini Goodrich & Rosati's Palo Alto office, where she practices corporate and securities law. She currently serves as a member of the firm's board of directors, its governing body, and previously served as a member of the Policy Committee and as the leader of the firm's business law department.

Katie has extensive experience in representing public companies. Her practice includes all aspects of company representation, including corporate governance, SEC compliance, 1934 Act issues, public offerings, private placements, and mergers and acquisitions. She also has represented underwriters in public offerings and issuers and investors in private equity financings.

Katie joined Wilson Sonsini Goodrich & Rosati in 1999, after 12 years at Pillsbury Madison & Sutro LLP, where she was a partner. She is a frequent speaker on corporate and securities law, corporate governance, and mergers and acquisition topics, presenting at such venues as PLI, Corporate Board Member, and the SEC Institute.

EDUCATION:

  • J.D., University of the Pacific, McGeorge School of Law, 1987
    Order of the Coif; Great Distinction; Staff Writer and Assistant Editor, Pacific Law Review (1986-1987); Author, "Disbrow Confronts Proposition 8: Will Miranda Violative Statements Be Admitted to Trial for Impeachment?"
  • B.A., University of California, Berkeley, 1984

ASSOCIATIONS AND MEMBERSHIPS:

  • Director, Nuance Communications, Inc.
  • Director, WildAid, an international nonprofit wildlife-preservation agency
  • Director, WSGR Foundation, a nonprofit organization
  • Former Director, The Ronald McDonald House at Stanford, a nonprofit organization

HONORS:

  • Recognized by the Daily Journal as one of the "Top 100 Lawyers in California" for 2011
  • Named among Lawdragon's "500 Leading Lawyers in America" for 2011, 2012, 2013, and 2014


Kirsten S. Aunapu has over 17 years of experience in public accounting and is currently a partner in the National Office Accounting Consultation Group at Deloitte & Touche LLP in San Francisco, California. Kirsten's technical accounting expertise is primarily focused in the areas of business combinations, consolidations, and lease and real estate accounting; as a National Office partner, Kirsten is consulted by Deloitte's partners and professionals to address complex accounting issues. 

Prior to joining the National Office Accounting Consultation Group, Kirsten was a partner in the Special Acquisition Services Group in San Francisco, where she served one of the firm's largest private equity clients. In addition to providing structuring, accounting and financial due diligence and other transaction related services, Kirsten provided technical accounting support to the client service partners and professionals serving her client's portfolio companies.

Kirsten began her career performing audit services in the Costa Mesa, California office of Deloitte & Touche LLP. Kirsten received a Bachelor of Science degree, with honors, in Business Administration with concentrations in Finance and International Business from California Polytechnic State University - San Luis Obispo in San Luis Obispo, California.  She is a Certified Public Accountant in the state of California, a member of the American Institute of Certified Public Accountants, a member of the California Society of CPAs, and a member of the Finance and Accounting Committee for "LEAP…imagination in learning," a not-for-profit organization in San Francisco with a mission to stimulate imagination and creativity in Bay Area children by bringing visual and performing artists and architects into the classroom for extended residencies.


Professor Blouin is an associate professor of accounting at the University of Pennsylvania’s Wharton School. She studies taxation in many contexts, including capital structure, asset pricing, payout policy and multinational firm behavior. Professor Blouin's research has been published in top-tier academic journals including Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Journal of Financial Economics, National Tax Journal and the Journal of the American Taxation Association.  She has received funding from the Rodney L. White Center for Financial Research, the Global Initiatives Research Program and the International Tax Policy Forum.  Professor Blouin is a current Penn Fellow. In addition, she was a 2009-2010 Golub Faculty Scholar. 

Professor Blouin teaches taxation to undergraduate, MBA, and PhD students. She won Wharton’s 2010 MBA Teaching Commitment and Curricular Innovation Award and the 2014 Award for Teaching Excellence.  She received her PhD in Accounting from the University of North Carolina- Chapel Hill and her BS from Indiana University – Bloomington.  Prior to obtaining her PhD, Professor Blouin was a tax manager with Arthur Andersen LLP.


Raj Tanden is a Shareholder in the Firm’s Los Angeles office and a Member of the Firm’s Corporate and Tax Practice Groups. Raj is a recognized authority on tax law. As such, he is a Fellow of the American College of Tax Counsel, comprised of the leading 700 tax lawyers nationwide. 

Raj represents clients in corporate and tax matters across a broad spectrum of domestic and cross-border transactions. Raj co-chairs the Firm’s Private Equity Practice Group, which assists clients with investment management transactions, including the formation of-and investments by-public and private investment funds and investors. He advises business development companies, closely-held businesses, public and private investment funds and real estate investment trusts (REITs). 

Raj co-chairs the Practising Law Institute (PLI) annual Finance for Lawyers and Other Professionals seminar, is a member of the Executive Committee of the University of Southern California (USC) Gould School of Law Tax Institute, and is the immediate past chair of the American Bar Association (ABA) Tax Section Investment Management Committee. He is also a member of the Tax Advisory Group of the Investment Company Institute (ICI) and the Government Relations Committee and Federal Tax Subcommittee of the National Association of Real Estate Investment Trusts (NAREIT). Raj has authored numerous articles and regularly speaks for the ABA, American Law Institute (ALI), New York University Federal Tax Institute, PLI and USC Tax Institute.

Raj has particular experience with retail, beauty and apparel companies. For example, he recently represented Huf Apparel in connection with a sale of a portion of the business to Altamont Partners, a private equity firm.  He also represents Rastaclat (an apparel company rooted in action sports), WearGustin (a high-tech menswear firm) and theBalm (a leading cosmetics firm). 

Education

Raj earned his LL.M. in Tax (1996) from New York University and his J.D. (1992) and B.S. (1988) from the University of Southern California.


TODD J. ROSEN is a bankruptcy partner in the Los Angeles office of Munger, Tolles & Olson LLP.

Mr. Rosen joined the firm in 2004 after working as an investment banker, where he served as financial advisor to official committees in the bankruptcy cases of United Airlines, Adelphia Communications and Kmart Corporation. Previously, Mr. Rosen practiced corporate law for a number of years at another major Los Angeles firm following his graduation from the University of Pennsylvania Law School.

Mr. Rosen's practice includes representation of bondholders, lenders, and other creditors in connection with bankruptcy and financial restructuring matters of all types. Mr. Rosen's bankruptcy expertise includes DIP financings, section 363(f) asset sales, automatic stay litigation and plan litigation. His practice also encompasses pre-bankruptcy planning, loan workouts, and out-of-court restructuring.

RECENT REPRESENTATIVE MATTERS

  • Bankruptcy counsel to the independent members of the board of directors of IndyMac Bancorp.
  • Representation of Clayton Homes (subsidiary of Berkshire Hathaway, Inc.) in a purchase of the military housing business of Fleetwood Enterprises Inc. in a § 363 sale.
  • Bankruptcy counsel to certain directors and officers of New Century Financial Corp.
  • Representation of The Yucaipa Companies in purchase of substantially all of the assets of FiberTech Polymers, LLC. in a § 363 sale.
  • Representation of Merrill Lynch in matters related to the bankruptcy of Refco, Inc.
  • Representation of Merrill Lynch in Cayman Islands liquidation of the SPhinX Funds


William B. Brentani is a Partner in the Firm's Corporate Department. His practice focuses on representing issuers and underwriters in connection with a variety of public and private debt and equity offerings, including high-yield, IPO, mezzanine, convertible debt and cross-border transactions. Mr. Brentani regularly represents private equity sponsor clients in connection with acquisition financings and advises clients on corporate governance and securities law-related matters.

Mr. Brentani's clients have included CBRE, Hellman & Friedman and their portfolio companies, Silver Lake Partners and their portfolio companies, Detroit International Bridge Company, J.P. Morgan, Goldman Sachs, Morgan Stanley, BofA Merrill Lynch, Barclays and UBS.

Mr. Brentani was born in São Paulo, Brazil. He received his B.A. from Tufts University in 1986 and a J.D. from Boston University School of Law in 1989. He joined the Firm in 1989 and became a Partner in 1999.


Mr. Herzinger, a partner in Orrick's San Francisco office, is a member of the Securities Litigation and Regulatory Enforcement Group.  Mr. Herzinger’s practice focuses on securities class actions, derivative suits, M&A litigation, SEC and related criminal investigations and enforcement actions, internal investigations and compliance counseling.  Mr. Herzinger's clients include:  Chesapeake Energy Corporation, Intel Corporation, Morgan Stanley Smith Barney, Oracle Corporation, PricewaterhouseCoopers LLP, and Tesoro Corporation.

Securities Class Actions, Auditor Representation and M&A Litigation

Mr. Herzinger has represented numerous corporations, directors and officers, auditors, and financial institutions in federal securities class actions, M&A litigation and derivative suits.  Notable engagements include the following:

  • In re Chesapeake Energy Corp Securities Litigation
  • Metropolitan v. PricewaterhouseCoopers LLP
  • In re Metropolitan Securities Litigation
  • In re Retek Securities Litigation
  • In re Mutual Fund Trading Securities Litigation
  • Oracle/Sun Microsystems M&A Litigation
  • Furman v. Wal-Mart Derivative Litigation
  • McAfee/Secure Computing M&A Litigation
  • Oracle/Siebel Systems M&A Litigation
  • Oracle/Portal Systems M&A Litigation
  • In re Enron Corporation Securities Litigation
  • In re Initial Public Offering Securities Litigation
Mr. Herzinger was also a member of the trial team which obtained a defense verdict in Howard v. Everex Systems, Inc., (N.D. Cal. 2002), one of only several securities class action jury trials in the country to be tried to verdict.

SEC and Regulatory Experience

Mr. Herzinger began his legal career as a staff attorney in the Enforcement Division of the U.S. Securities and Exchange Commission in New York, where he was responsible for conducting investigations of accounting and financial statement fraud, insider trading, and market manipulation. Since entering private practice, he has represented numerous corporations, directors and officers, financial institutions, auditors, hedge funds, mutual funds and broker-dealers involved in investigations by the U.S. Attorney's Office, SEC, self-regulatory organizations such as FINRA and the New York Attorney General’s Office. He has also conducted numerous internal and audit committee investigations.

Admitted in

California
New York

Court Admissions

United States Court of Appeals
  • Ninth Circuit
United States District Court
  • Northern District of California
  • Central District of California
  • Southern District of New York
  • Eastern District of New York
Memberships
  • State Bar of California
  • New York State Bar Association
Multimedia
  • Video: A Battle of Experts - Interpreting Deepening Insolvency [5 min.]
  • Video: Electronic Discovery - Keeping an Eye on Compliance [5 min.]
Publications
  • Co-Author: "On Tap:  The Government's Use of Wiretaps in Insider Trading Prosecutions Shows a Willingness to Use Nontraditional Methods of Investigation" - Los Angeles Lawyer, April 2012
  • SEC's 2013 Budget Request Sheds Light on its Enforcement and Disclosure Priorities
  • Highlights from SEC Speaks
  • The SEC's New Cybersecurity Disclosure Guidance
  • District Court Denies Rajaratnam's Bid to Overturn his Verdict 
  • Massachusetts First to Regulate Use of Expert Network Services
  • Securities Litigation Risks for Public Companies Arising From the Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Court Allows Use of Wiretap Evidence in Galleon Insider Trading Case
  • Due Diligence in the Securities Litigation Reform Era
  • Defending Securities Class Actions, ALI-ABA Securities Litigation Publication
  • Editor, Securities Reform Act Litigation Reporter
Speeches & Programs
  • A New Era of Federal Prosecutions: Challenges for Main Street and Wall Street, New York, February 2012
  • Orrick Insider Trading Roundtable:  A New Era of Federal Prosecutions, Silicon Valley, July 2011
  • AICPA Forensic Accounting Conference 2011, Insider Trading Investigations: Best Practices in Internal Investigations, Takeaways from the Rajaratnam Case, and the Government's New Insider Trading Initiatives, Chicago, September 2011
  • AICPA Forensic Accounting Conference 2011, Navigational Skills for the Forensic Accountant, Chicago, September 2011

Related Practice Areas

  • SEC & Regulatory Investigations & Enforcement Actions
  • Securities Class Actions
  • Securities Litigation & Regulatory Enforcement
  • Mergers & Acquisitions Securities Litigation
  • Derivative Suits
  • Counseling & Compliance
  • Corporate Governance

Education

  • J.D., Seton Hall University School of Law, 1998
  • B.A., English, Clemson University, 1993


Neeraj Chawla has over 14 years of experience in providing financial advisory services to a variety of businesses, and specializes in providing valuation, strategic financial planning and other financial advisory services in connection with mergers, acquisitions, divestitures, planning and other settings.

Mr. Chawla routinely provides valuation and advisory services for the following purposes:

  • Mergers
  • Acquisitions 
  • Dispositions
  • Financial Benchmarking 
  • Portfolio valuation 
  • Credit Analysis
  • Debt Capacity Assessment
  • Joint-Venture Formation
  • Franchising/Licensing
  • Restructuring/Reorganization

Mr. Chawla has broad-based experience in a number of industries including aviation, retail/consumer business, engineering and construction, and technology.

Prior Experience

Prior to joining Deloitte, Mr. Chawla served as a market-entry consultant to the American International Group, Inc.  In this capacity, he advised a business development team on investments in the areas of life insurance, general insurance, banking and consumer finance. 

In his role as a consultant with JPS Associates, Management Consultants, Mr. Chawla advised airlines in the areas of operations and financial management, including inventory management, process improvement, and resource optimization.  Mr. Chawla has also served as a corporate financial analyst with the Business Development Group of Sabre, Inc.  In this role, he was responsible for the analysis and pricing of outsourcing contracts.

Education

  • Indiana University, Master of Business Administration, 1999-2001
  • Center for Management Development, Diploma in Business and Finance, 1994-1996
  • University of Delhi, Bachelor of Arts, Economics (Honors), 1991-1994


Preethi is a Senior Manager in the San Francisco Audit practice of Deloitte & Touche LLP.  She has 13 years of experience in public accounting and has worked extensively in providing attest services to companies that range from small private growth companies to large multinational organizations. Preethi has extensive experience in assisting her clients with complex accounting matters, particularly relating to revenue recognition, stock-based compensation, and mergers and acquisitions. Preethi also has significant experience with SEC filing and reporting matters. She is a frequent speaker at regional and national technical conferences, was a member of Deloitte’s Banking & Finance Fellowship Program as well as a member of Deloitte’s Banking & Securities Advisory Council.  Preethi is a Certified Public Accountant in the states of California and Texas, a member of the American Institute of Certified Public Accountants, and a member of the California Society of CPAs.


Andy Wiederhorn is the CEO of Fatburger. Previously Wiederhorn founded and served as the CEO of Wilshire Credit Corporation, and by the age of 32, amassed a fortune estimated to be worth $140 million. From there, he founded Fog Cutter Capital Group, which invests in a diverse range of equity, corporate debt and real estate. Shortly after the inception of Fog Cutter Capital Group in 1997, Wiederhorn invested in Fatburger, and became acting CEO in 2006. Wiederhorn most recently was able to pull the company out of Chapter 11 bankruptcy in 2011, and is rapidly expanding the burger chain both nationally and internationally.
 
Since becoming CEO, Andy has played an integral part in signing major deals to bring the better burger concept around the world. Development deals include one with Shanghai-based investment bank, Puji Capital Limited, to aggressively expand the Fatburger chain by hundreds of locations over the next several years. In addition to expansion in China, Taiwan, and Singapore, Fatburger is expanding its footprint around the Middle East, opening units in Jordan, The United Arab Emirates and Pakistan. The brand also will be entering the New York City, with the first location opening in Murray Hill this Spring.


Douglas J. Bodel, CFA is a Principal at GLC. Prior to joining GLC, Mr. Bodel was a Vice President at American Capital where he was responsible for originating, structuring, executing and monitoring senior debt, mezzanine and equity investments in middle market private equity buyouts. Prior to American Capital, Mr. Bodel was a Vice President in The Merchant Banking Group at BNP Paribas. Prior to BNP Paribas, Mr. Bodel was an Associate in the Equity Research department at UBS Warburg. Mr. Bodel holds a B.A. from McGill University and is a CFA charterholder.


Edward Schultz is a partner in Edwards Wildman's Los Angeles Office. Ed has extensive experience representing privately-held and public companies in all areas of corporate law, securities law and corporate finance. He concentrates his practice in corporate counseling, mergers & acquisitions, private equity, joint ventures, debt and equity offerings, credit transactions and secured lending. Ed serves as outside general counsel for numerous companies and private equity funds, handling a broad range of corporate issues from contract drafting and negotiation to corporate governance and strategic planning. He has significant experience in advising clients on a range of legal and business issues relative to acquiring and divesting of business units. His practice spans many industries, with a particular focus on technology, consumer products, manufacturing, entertainment & media and hospitality.


Notable Experience

  • Advisor to private equity fund in connection with the acquisition and divestiture of various consumer products companies. 
  • Advisor to private equity fund in connection with debt financing transactions in the entertainment industry.
  • Advisor to publishing company in connection with sale to private equity fund.
  • Advisor to regional trucking company in connection with sale to Ryder, Inc.
  • Advisor to technology company in connection with sale to Google, Inc.
  • Advisor to sports apparel company in connection with sale to private equity fund.
  • Represented international gaming & hospitality conglomerate in connection with various acquisitions and divestitures, public and private securities offerings, credit transactions and joint ventures.
  • Represented private holding company in connection with public tender offers within the U.S. auto industry, gaming and hospitality industry and entertainment industry.

Besides Edwards Wildman Ed is an active fundraiser and supporter of Children's Hospital Los Angeles and The Leukemia & Lymphoma Society.


Oz Karan is a Senior Manager in Deloitte & Touche's Accounting, Valuation & Analytics practice ("AVA") in the San Francisco, California office. He has over nine years of accounting, valuation and project management experience with a focus on banking and securities and consumer business clients

In his tenure at Deloitte & Touche, Oz has managed engagement teams and led projects of varying sizes in facilitating the execution of the client service plans. In his current role with AVA, Oz has assisted in advising Deloitte audit teams as well as non-attest relationship clients with accounting and related matters.

He has technical expertise in accounting and reporting for derivatives and hedging activities, securitizations, consolidation accounting, convertible debt and equity transactions troubled debt restructurings, loan modifications, loan accounting, and general investment and revenue recognition accounting under US GAAP as well as IFRS. Oz has also proactively led and managed various projects where he served as the project manager leading a diverse group of professionals in coordination of different projects from planning to execution for maximum productivity.

In the six plus years with AVA, Oz has worked with many of the firm's largest clients in treasury-related infrastructure projects in addressing their implementation issues relating to complex accounting standards, including reconciling IFRS financial statements to U.S. GAAP and vice versa, strategy and structure assessment, accounting and risk management policy development, process design and reengineering, implementation of derivatives/treasury workstation systems and evaluation of operational and technology considerations.

Oz has also been involved in derivative valuation, and has extensive experience helping clients with evaluating the adequacy and operational effectiveness of internal control procedures surrounding the use of interest rate and foreign currency derivatives within the treasury function as well as assessments of foreign currency derivative hedging strategies, capital stock transactions, and financing arrangements.


Phil Graves specializes in providing valuation, strategic financial planning and other financial advisory services in connection with mergers, acquisitions, bankruptcy, reorganization, planning and other settings.

Mr. Graves routinely performs business valuations for the following purposes: mergers, tax planning, impairment testing, and purchase price allocation.

Mr. Graves has appraised the following assets: noncompete agreements, backlog, customer lists, patents, trade names and trademarks, proprietary technology, computer software, and favorable contracts.

While he is primarily focused on the consumer and industrial products industry, Mr. Graves has performed valuation studies in a number of industries including retail, aviation, rail, food processing, manufacturing, technology, and energy and construction.

Prior Experience

Prior to joining Deloitte Financial Advisory Services LLP, Mr. Graves worked for a global professional services firm.  In this capacity, he assisted companies with investigating allegations of wrongdoing related to earnings management and revenue recognition.


Professional Affiliations

  • CFA Institute, Chartered Financial Analyst (CFA)
  • Member, CFA Institute
  • Certified Public Accountant (CPA), licensed in California and Texas
  • Member, American Institute of Certified Public Accountants

 

Education
  • Texas A&M University, M.S., Finance
  • Texas A&M University, B.B.A., Accounting


Sally Ann is the Leader of our Bay Area Real Estate Audit Practice in our San Francisco office and a National Leader for Real Estate Funds in the US.  She has more than 19 years of professional accounting experience which included starting her career as a chartered accountant in Ireland. Her experience includes providing extensive services to a number of our large real estate clients including real estate investment advisors, separate accounts, private and public REITs, and private equity investment funds. In conjunction with her role as audit partner, she has served as the Accounting Co-Chair for the National Council for Real Estate Investment Fiduciaries and is a Council member for the Real Estate Information Standards (“REIS”).