JAMES B. LURIE, CPA/ABV, ASA, CBA, CVA, BVAL
326 Donahey Ave., NE
New Philadelphia, OH 44663
Direct: (330) 343-7907
JLurie@CapVal-LLC.com
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PROFESSIONAL EXPERIENCE
2005 - Current
CapVal-American
Business Appraisers, LLC. (James B. Lurie, CPA, PLLC, Member). CapVal
furnishes services in the fields of business appraisal, appraisal of intangible
and other assets, merger and acquisition consulting, strategic planning, and
family succession. CapVal also provides services involving debt restructuring,
business insolvency, and bankruptcy.
2002-2004
Hughes Pittman & Gupton, L.L.P., Raleigh, North Carolina (as of March 2002)
Director of Valuation Services
Responsible for
valuation issues and litigation support services. James B. Lurie, CPA, PLLC.
1993-2001
Dayman, Lurie & Goldsbury, P.C., CPAs and Consultants, Raleigh, North Carolina and Burlington, Vermont
Shareholder responsible for insolvency analysis,
litigation support, valuation, capital formation, and corporate planning.
1990-1993
Bank of Vermont (A subsidiary of BankBoston Corporation), Burlington, Vermont
Senior Vice President in charge of Asset Recovery, Loan Restructuring, and Foreclosed Commercial Real Estate
Extensive experience
in evaluation and financial restructuring of manufacturers, hospitality companies,
and real estate. Non-performing assets reduced by over 50% from 1991 high point
and classified assets reduced by approximately two thirds in last year. Tasks
accomplished in a small market without adverse impact on bank's market reputation.
Member of bank's Credit Committee.
1987-1990
Den norske Bank (U.S.) Banking Corporation (A subsidiary of Den norske Bank, Oslo, Norway)
First Vice President
Officer in charge of loan
recovery and restructuring group responsible for $160MM portfolio including
loans to industrial companies, project financings, and loans to Latin America.
Member of bank's Credit Committee.
1983-1987
Sony Corporation of America, Park Ridge, New Jersey
Assistant Treasurer, Director of Financial Operations, and Director of Credit
Responsible for working capital management including
planning of over $400 million in borrowing, $150 million in investments, and
a $500 million receivables portfolio. Responsible for macro-economic analysis
and negotiation of long term debt. New programs in these areas produced annual
savings of approximately $7 million and assisted expansion of marketing efforts.
1979-1982
Revlon, Inc., New York, New York
Manager of Banking and Leasing Services
Responsible
for domestic and global cash management, cash flow forecasting, and leasing
for headquarters and subsidiary operations of AA-rated public company operating
in over thirty countries.
1973-1979
Manufacturers Hanover Trust Company, New York, New York
Assistant Vice President
Responsible for over $350 million in loans and
commitments including multinational and domestic credits. Responsible for the
liquidation of a $26 million REIT portfolio.
1968-1973
United States Air Force (Captain)
Commander of Strategic Air Command missile crew with Squadron Command Post responsibility. Senior instructor responsible for development of training scenarios.
LICENSES, CERTIFICATIONS, AND PROFESSIONAL ASSOCIATIONS
Certified Public Accountant: NC License 26542; OH License 45516
Member, American Institute of Certified Public Accountants (ABV)
Member, North Carolina Association of Certified Public Accountants
Member, American Society of Appraisers (ASA)
Member, The Institute of Business Appraisers (CBA,
BVAL); Governor for term beginning 2010
Member, National Association of Certified Valuation
Analysts (CVA) (Standards and Course Review Committee Member);Outstanding Member
Third Quarter 2008 and Second Quarter 2010
Former Member, Association of Insolvency and Restructuring Advisors (CIRA)
PUBLICATIONS AND SEMINARS
Basics of Valuation Presentation for the Vermont Bar Association - 1997
Valuation of Assets and Enterprises in Bankruptcy
for the Vermont Bankruptcy Bar with Hon. Francis G. Conrad - 1998.
Normalization vs. Error Correction: To Adjust or Not to Adjust is Always the Question” The Valuation Examiner, Apr-May, 1999.
“Normalization and Control Premiums” The Valuation Examiner, May-June, 2000.
“Fair Compensation, Intangibles, and Value” Business
Appraisal Practice, Fall 2001.
“Introduction to Financial Statements - Understanding Financial Representation and Misrepresentation” Multiple presentations 2001-02.
“The S-Corporation, Fair Market Value, and Their
Intersection with the Real World” Business
Appraisal Practice, Winter 2003-2004 and presentation to the
Valuation Section of the New York State Society of Certified Public Accountants,
May 17, 2004.
“The Process of Appraisal Project Development”
Presentation to the Southeast Chapter of The Institute of Business Appraisers.
September 18, 2004.
“Basics of Valuation in Bankruptcy and Insolvency”
Seminar conducted for the National Association of Certified Valuation Analysts.
December 2, 2004.
“The Rule of 10: Size Comparability and the Market
Approach” Business
Appraisal Practice, Winter 2004-2005. (Joint with Rand M. Curtiss and
Stephen D. McMorrow)
Update and supplement of seminar on valuation of S-corporation and C-corporation interests for use at National Association of Certified Valuation Analysts State Chapter Meetings, 2005.
Presentation on Fair Value in Cases of Shareholder
Dissent or Oppression at the annual conference of the National Association
of Certified Valuation Analysts. June 3, 2005
“Valuation Opportunities in Family Businesses” and “Pitfalls in the Valuation of Family Businesses” for the National Association of Certified Valuation Analysts. Jersey City, NJ. November 3, 2005.
Ongoing contributor to Shannon Pratt's BV
Q&A Update as member of Expert Author Panel. (Note: Publication
stopped in 2005)
National Litigation Consultants' Review - Editorial Advisory Board (2006-07)
Presentation on Valuation of Early-Stage High Technology Companies at the annual conference of the National Association of Certified Valuation Analysts. June 1, 2006.
Presentation on Valuation in Bankruptcy and Insolvency to The Institute of Business Appraisers annual conference, June 21, 2006.
“Surviving Daubert in the World of Chocolate-Infused Nutty Praline Crunch,” National Litigations Consultants Review, August 2006.
“A Common Sense Approach to Normalizing Financial Statements” Presentation at the Annual Meeting at the Southeast Chapter of The Institute of Business Appraisers, September 2006.
“Consideration Of Companies With A Varying Capital Structure In The Context Of Divorce,” National Litigations Consultants Review, March 2007.
Committee of the National Association of Certified Valuation Analysts, authoring and presenting a course on the American Institute of Certified Public Accountants Statements on Standards for Valuation Services, July-December 2007.
“Intellectual Property and Ownership Issues” Presentation with Miles Hall, JD, DVM, at the Annual Meeting of the Southeast Chapter of The Institute of Business Appraisers, September 2007.
Instructor for “Current Updates in Valuation” and “Valuation Standards Maze” for National Association of Certified Valuation Analysts.
Instructor for The Institute of Business Appraisers for basic curriculum of Business Appraisal.
“Apportioning Active and Passive Appreciation in Divorce” with Dr. Ashok Abbott for The Institute of Business Appraisers, Annual Conference, June 2008.
“The Med Diversified Case: How Kumho Tire’s Gate Became a Daubert Wall” Co-author with Anne P. Sharamitaro, Esq., The Value Examiner, May-June 2008.
“Volatility, Panic, and Valuation” Presentation to the Southeast Chapter of The Institute of Business Appraisers, September 2009.
“Everything You Wanted to Know About DLOM But Were Afraid to Ask” Webinar sponsored by Business Valuation Resources with Z. Christopher Mercer and Kevin Yeanoplos. August 11, 2010.
“Discount for Lack of Marketability: A Case Study Approach to Understanding Supporting Methodology” Presentation at the joint conference of the Institute of Business Appraisers and the National Association of Certified Valuation Analysts, June 2010 and the Massachusetts Chapter of the National Association of Certified Valuation Analysts, August and October, 2010.
TESTIMONY
Qualified as an expert witness in business valuation and banking practices in various state courts in North Carolina, Vermont, Kentucky, and Massachusetts, Federal District Court – District of Vermont, and U.S. Bankruptcy Court, Districts of Eastern North Carolina, Northern District of Georgia, and Vermont.
EDUCATION
M.S. Industrial Management, University of North Dakota, 1972
B.A. Psychology, Cum Laude, Honors College, Michigan State University, 1968