Karlitz recommends Verdict Search for probability modeling litigation

“You definitely need a high tolerance for ambiguity” when valuing companies with contingent assets, acknowledged Gary Karlitz, CPA, ABV, CBA, ASA (Citrin Cooperman & Co., New York, NY).  Gary has established himself as a rigorous decision modeler and he shared several case studies with the audience at the AICPA/AAML Las Vegas conference.  He follows a model that meticulously tracks best, base and worst case litigation outcomes – and makes it “easy” to reverse engineer the numbers since probability modeling will deliver a range of answers.  Gary also pointed attendees to www.verdictsearch.com, a searchable database for valuing contingent litigation liabilities.  His parting note was to point out that “decision modeling is an extremely effective process for settling cases.”