News Category: News

StoneTurn Professionals Recognized As Rising Stars by Consulting Magazine

StoneTurn, a leading global advisory firm, is proud to share Managing Directors Kimberly Ratto and Laura Greenman have been named as 2023 Rising Stars of the Profession by Consulting Magazine. Laura Greenman was recognized for Excellence in Client Service and Kimberly Ratto was recognized for Excellence in Leadership.

“StoneTurn takes great pride in developing strong leaders to best serve the needs of our clients, and Kimberly and Laura demonstrate this every day,” said Brad Wilson, Managing Partner and CEO. “From mentoring junior staff, to helping crack the code on some of the most complex challenges faced by our clients, they embody what it means to leave ‘no stone unturned.’ We are proud of their accomplishments and look forward to their continued growth and contributions to the profession.”

The Rising Stars of the Profession awards, now in its eighth year, are for those aged 36 and under who are shaking up the industry in impactful ways, and redefining the consulting profession, according to Consulting Magazine. Professionals are selected across Excellence in Client Service, Excellence in Leadership, and Excellence in Strategy Consulting.

Learn more about Kimberly Ratto and Laura Greenman, and view the full list of this year’s winners.

About StoneTurn

StoneTurn, a global advisory firm, assists companies, their counsel and government agencies on business strategy, regulatory, risk and compliance issues, investigations and business disputes. We serve our clients from 15+ global offices across five continents.

StoneTurn Assists GE Lighting, Current Lighting and Counsel Norton Rose Fulbright, Brooks Kushman in Patent Infringement Trial

StoneTurn, a global advisory firm, recently assisted clients GE Lighting and Current Lighting, and their counsel Norton Rose Fulbright and Brooks Kushman, with damage control in a patent infringement trial. By determining an alternate amount of reasonable royalty damages, the StoneTurn team was able to reduce the award to the minimum royalty, $2 million, from the initial $50 million sought by Cao Lighting’s lawsuit.

StoneTurn Partner Ambreen Salters testified as an expert at trial. Salters was assisted by Partner Tiffany Lewis and Manager Lewis Wilson who together determined an alternative amount of reasonable royalty damages. This evaluation was based on reasonably comparable party licenses produced in the litigation which supported a reasonable royalty of no more than $2 million combined against both of StoneTurn’s clients.

The case was heard before the newest federal district judge in the District of Delaware, Judge Gregory B. Williams. Read the verdict.

 

About StoneTurn

StoneTurn, a global advisory firm, assists companies, their counsel and government agencies on regulatory, risk and compliance issues, investigations and business disputes. We serve our clients from 15+ global offices across five continents. To learn more, visit StoneTurn.com.

StoneTurn Named a “Best Boutique Consulting Firm” by Vault for 2023

StoneTurn, a global advisory firm, has once again been ranked as a leading consulting firm to by Vault, ranking in the Top Boutique Consulting Firms for 2023. Vault is known for its influential rankings, ratings, and reviews on thousands of top employers.

“Central to our firm is how we empower and encourage our people to be the best possible client service professionals, and we are thrilled to see StoneTurn’s collaborative culture recognized by Vault,” said Brad Wilson, Managing Partner and CEO. “There is no greater testament to success than our employees’ direct feedback. We look forward to continuing to foster a people-first culture to best meet the needs of our team and our clients.”

As part of the ranking, Vault collected qualitative data from employees across participating firms. StoneTurn employees noted:

  • “I truly believe there is not a better firm out there from a quality-of-life aspect.”
  • “Our founders sought to build a firm that is ‘smart but fun,’ and from what I can see, we have never strayed from that ethos.”
  • “[StoneTurn is a] company that delivers exceptional work product to its clients by supporting its employees and fostering genuine collaboration.”
  • “Extremely collaborative culture, empowering individuals and letting them grow while providing superior client service.”
  •  “The culture of StoneTurn sets the firm apart from the competition. I have never been in a group that is genuinely good people who wanted you to succeed because they truly believe that your success is a success for the firm.”

Vault surveyed 10,000 participants from 70 participating programs. The rankings examined each firm’s performance across categories including firm culture, quality of life, compensation, career development, community engagement, business outlook, and recruitment and hiring processes. Additional survey methodology is available here.

Who’s Who Legal: Consulting 2022 Recognizes Six StoneTurn Partners

StoneTurn is pleased to announce that Co-Chair Simon Platt and Partners Neil Ashton, Kyla Curley, David Stern and Luke Tenery have been named to the Who’s Who Legal: Consulting Experts 2022 guide.

  • About Simon Platt. Forensic Accountants. Simon co-founded StoneTurn in 2004. He previously served as the firm’s Managing Partner until 2016, when he was appointed Chair and in 2022, Co-Chair alongside co-founder Christopher Martinez. Simon has led many accounting and financial disclosure-related investigations on behalf of Audit and Special Committees of Boards of Directors. He has also testified in Federal and State courts and at arbitrations, assisted in mediations and acted as an independent, neutral arbitrator in accounting-related matters. His engagements include numerous expert testimony and non-testifying consulting roles. Simon’s extensive background includes working with companies from large U.S. multinational corporations and foreign public companies to smaller, privately-held enterprises, across a wide range of industries.
  • About Neil Ashton. Financial Advisory and Valuation | Quantum of Damages. According to Who’s Who Legal, “Neil Ashton is highlighted by various clients for his ‘sensible, grounded and well-prepared’ reports relating to multifaceted quantum issues.” With 25 years of experience, Neil acts in complex domestic and international litigation, arbitration and mediation and has worked as an expert witness, adviser or expert determiner for clients in a wide range of industry sectors. Neil has been named as a Global Leader by Who’s Who Legal, being recognized in Arbitration – Expert Witnesses in 2022, 2021, 2020 and 2019 and Quantum of Damages in 2021 and 2022. He is cited by clients as “a renowned expert in the quantification of damages and a specialist in post-M&A cases,” clients noted “his ‘great efficiency’ and ‘thoroughness of his preparation’” and commented on him as being “extremely knowledgeable” and “a real asset on any case.” Neil is listed as a Thought Leader in both the 2022 and 2021 Who’s Who Legal: Arbitration He has significant experience in the evaluation and quantification of damage due to breach of contract or business interruption. He is commonly involved in post-acquisition matters and the valuation of businesses in a dispute context and he has also led, and testified in, engagements involving allegations of fraud and corruption and investigating the financial consequences. Neil has given oral testimony both in Court and before arbitral panels on a variety of matters, including large-scale multi-$100m proceedings. He has given evidence via witness conferencing as well as traditional cross-examination.
  • About Kyla Curley. Forensic Accounting | Future Leaders. According to Who’s Who Legal, Kyla “is singled out for her superb work in complex financial fraud investigations and brings over two decades of experience to her practice.” As a forensic accountant and CPA, Kyla’s experience includes accounting investigations related to revenue recognition, bad debt and inventory reserves, financial statement, and public disclosures, and other issues related to the application of GAAP. Kyla’s experience includes investigations into the flow and usage of funds, and transaction lifecycle reviews of institutional and private investments, acquisitions, and other significant activity. Kyla is also experienced with cryptocurrencies and blockchain technology and transactions. As a Certified Cryptocurrency Forensic Investigator (CCFI), Kyla conducts reviews into digital asset lifecycles to assist investors, law enforcement professionals, or other stakeholders to identify and isolate digital assets, and to assist with recovery, when applicable.
  • About David Stern. Financial Advisory and Valuation | Quantum of Damages. According to Who’s Who Legal, David is “the ultimate professional with a rare mix of hard work and strong testifying skills.” With over 25 years of experience acting as an expert in forensic accounting investigations and complex business litigation, David has been instructed across a wide range of complex domestic and international litigation and arbitration disputes. He has acted as a party expert and expert determiner and to date has given oral evidence under cross examination on 35 occasions before the UK courts and arbitral tribunals in Brussels, London, Lusaka, Miami and Paris. Highly regarded by clients and counsel for his commercial and responsive approach, his work encompasses quantification of loss and valuation analysis as well as accounting expert witness work in the areas of contractual disputes, joint venture and shareholder disputes, post-acquisition claims, competition and antitrust work, civil fraud in domestic and off-shore matters, and business interruption claims.
  • About Luke Tenery. Global Elite Thought Leader for Digital & Data – Data and E-Discovery Experts. According to Who’s Who Legal, “Luke Tenery is widely considered ‘an expert in the cybersecurity space, often sought after for his deep subject matter expertise’ on data and investigations.” Luke brings over 20 years of experience helping leading organizations mitigate complex cybersecurity, data privacy and data protection risks. He applies extensive expertise in cyber investigations, threat intelligence, incident response, and information risk management to assist clients—from prevention to detection, mitigation through to remediation and transformation. Luke is certified chief information security officer (C/CISO) from Carnegie Mellon, among other information security certifications. He has performed interim leadership functions for his clients. He has also advised on cyber issues at the intersection of risk and compliance, as well as those related to financial fraud and data integrity.

Learn more about StoneTurn’s experts.

 

StoneTurn Shortlisted for 2022 GIR Investigations Consultancy of the Year Following 2021 Win

Global Investigations Review (GIR) has unveiled the shortlist for its 2022 Investigations Consultancy of the Year award and has once again identified StoneTurn– along with just two other firms– as in the running for this prestigious honor. StoneTurn won Investigations Consultancy of the Year in 2021, noted for the firm’s “strong reputation in the investigations market.”

Each year, GIR recognizes the firms that have provided consistent, invaluable and case-winning work during major investigations in the last year.

StoneTurn’s Investigations practice is supported by a multidisciplinary, global team with extensive experience and expertise across geographies. Over the last year, StoneTurn has broadened its global reach with a new office in Singapore, growing practices in Brazil and the U.K., and enhancing investigative capabilities across North America, Europe and Africa.

Visit the ‘What We Do’ section of our website to learn more about the uniquely qualified professionals we have carefully curated to be part of StoneTurn’s Investigations team.

GIR’s annual awards ceremony, which will be held in aid of Swawou Layout Girl’s School in Kenema, Sierra Leone, is planned for November 17 in Washington, D.C.

Read more at GIR.

StoneTurn Assists Vicor and Quinn Emanuel with Damage Control in Patent Infringement Trial

StoneTurn recently assisted client Vicor and its counsel Quinn Emanuel with “damage control” in the trial of a case that had been pending for nearly a decade.  SynQor sued Vicor for patent infringement relating to the sale of power converter products included in larger power systems, seeking a $71.9 million reasonable royalty based on SynQor’s hypothetical lost profits, at a recent trial in Marshall, Texas.
 
StoneTurn expert Alan Ratliff, Partner, assisted by Managing Director Katie Prichard and Manager Melissa Haley in StoneTurn’s Houston office, determined an alternative amount of reasonable royalty damages. This evaluation was based on reasonably comparable Vicor licenses executed near the date Vicor was first accused of infringing SynQor’s patents in 2006-2007, and considering Vicor’s $13 million of incremental profits from the accused infringing sales.

The jury awarded SynQor $6.5 million, or one-half of Vicor’s incremental profits, based on Mr. Ratliff’s testimony at trial. Read the final verdict here.

StoneTurn’s experts regularly work with clients and their counsel to analyze and explain complex concepts, prepare detailed analyses, and develop clear and concise findings, which are presented in reports and through testimony at depositions, trials and before other triers of fact. The firm’s experts bring decades of experience in business disputes, working to address the complex financial, accounting and economic-related issues in legal matters ranging from intellectual property disputes to international arbitration. StoneTurn provides consulting and expert witness services for disputes in federal, state, administrative and private tribunal proceedings. Learn more about the StoneTurn team.

About StoneTurn
StoneTurn, a global advisory firm, assists companies, their counsel and government agencies on regulatory, risk and compliance issues, investigations and business disputes. We serve our clients from 15+ global offices across five continents. To learn more, visit StoneTurn.com.

 

 

 

StoneTurn Assists in Obtaining $175 Million Patent Infringement Judgment

StoneTurn, a leading global advisory firm, assisted client Voxer, Inc. (outside counsel: Quinn Emanuel Urquhart & Sullivan, LLP) in obtaining $175 million in damages for patent infringement in the Western District of Texas (Austin).

Alan Ratliff (CPA, MTA, JD), Partner in StoneTurn’s Houston office, testified in federal court on behalf of Voxer. As part of this engagement, Alan led a team of professionals, including StoneTurn Managing Director Todd Copeland (MBA/CPA), in developing a reasonable royalty damages model that the jury adopted to the dollar, awarding $174,580,785 relating to messaging technology.

The final judgment can be accessed here.

StoneTurn’s experts regularly work with clients and their counsel to analyze and explain complex concepts, prepare detailed analyses, and develop clear and concise findings, which are presented in reports and through testimony at depositions, trials and before other triers of fact. The firm’s experts bring decades of experience in business disputes, working to address the complex financial, accounting and economic-related issues in legal matters ranging from intellectual property disputes to international arbitration. StoneTurn provides consulting and expert witness services for disputes in federal, state, administrative and private tribunal proceedings.

Learn more about the case.

Kyla Curley Recognized as Diversity Champion by Consulting Magazine

StoneTurn is proud to share Kyla Curley has been named to Consulting Magazine’s 2022 Women Leaders in Consulting as a Diversity Champion.

For more than 15 years, Consulting Magazine has sought to identify and recognize individuals for the impact of their leadership in the industry. The 2022 Women Leaders in Consulting recognition honors 43 women across six categories: Diversity Champion, Excellence in Client Service, Excellence in Leadership, Future Leaders, Lifetime Achievement and Mentor of the Year.

“Kyla has made it a critical component of her role to not only lead by example, but promote an inclusive environment where great work is recognized, resources are available, and there is a concerted effort to keep top talent and foster their growth,” said Brad Wilson, Managing Partner and CEO. “StoneTurn, and the industry at large, is fortunate to benefit from Kyla’s efforts to drive diversity, equity and inclusion, and set the tone from the top. We are proud to have her on our team and congratulate her on this prestigious recognition.”

Kyla Curley is an integral part of StoneTurn’s culture. She has long mentored rising leaders at the firm, and seeks opportunities to showcase their skills and capabilities. Kyla also guides our team members to take ownership of their careers and helps find resources to make this possible.

More recently, Kyla formalized her mentorship of women into a firm-wide initiative in WE@ST (Women Empowered at StoneTurn). Through WE@ST, Kyla has not only expanded how the firm elevates women across offices, but she has also encouraged an environment where everyone can get involved. Kyla has been exceptionally mindful of ensuring the program is inclusive—enabling WE@ST’s business development workshops availability firm-wide, and resources are curated and shared on our Intranet and other internal hubs for all to use.

Learn more about this year’s winners.