Greg Eastman has more than fourteen years of experience applying economic and accounting analysis to complex cases involving financial, securities, tax, and breach of contract issues. He has extensive trial and arbitration experience and has directed a number of large case teams with multiple experts. As a testifying expert, Dr. Eastman has addressed damages and unjust enrichment issues in several cases.
Dr. Eastman’s tax accounting work has included analyzing the economic substance and business purpose of transactions; reviewing structured transactions; and accounting for stock option awards, uncertain tax benefits, deferred tax assets, and net operating loss carryforwards. He has worked with experts on tax accounting and poison pill issues in the Selectica, Inc., v. Versata Enterprises, Inc., trial in the Delaware Court of Chancery.
Dr. Eastman has led a variety of consulting projects involving accounting and financial reporting issues. In these matters, he has evaluated the adequacy of disclosures, fair value and asset impairments, materiality, goodwill, accounting for loan losses, concentrations of risk, revenue recognition, and other issues pertaining to whether financial statements were prepared in accordance with generally accepted accounting principles (GAAP) and whether audit and review procedures complied with generally accepted auditing standards (GAAS).
Dr. Eastman has worked on liability and damages analyses in securities class actions, including In re Vivendi Securities Litigation, In re Omnicom Securities Litigation, and In re Williams Securities Litigation. He coauthored “The Increasing Importance of Loss Causation in Criminal Cases.” In financial cases, Dr. Eastman has analyzed issues related to debt and equity securities, derivative contracts, mutual fund trading, cost of capital, real estate investments, private equity investments, and valuation. He has estimated damages and assessed liability from breach of contract allegations in multiple industries, including financial, insurance, oil, transportation, electric utilities, nuclear utilities, energy, private equity, and medical services.