Bob's Lessons Learned

National Hockey League Players’ Association, Toronto

Sports Entertainment Financial Advisor Collective Bargaining Agreement The Executive Director of the National Hockey League Players’ Association, Paul Kelly retained Lindquist as Financial Advisor in regard to the Collective Bargaining Agreement that had been negotiated between the players and the thirty team owners of the National Hockey League. The key issue was to ensure that all “Hockey Related Revenue” was being recorded properly by each of the teams, since the player’s compensation is based upon 57% of the total of such revenues. Lindquist worked closely with Executive Director Kelly over a period of nearly two years, including participating is several...
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Confidential Case, Chicago

Retail Financial Advisor Permanent Secrecy Counsel for the plaintiff in Chicago retained me with my involvement subject to a protective order. It had been agreed between Counsel for the plaintiff and the defendant that a forensic accountant, acting on behalf of the plaintiff would be granted access to the financial records of a company related to the defendant. The task was to determine if there was merit to the allegations through the examination of business transactions over a four year period and to report thereon. Upon completion and as instructed, I submitted my report to counsel for the defendant and...
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LISA vs. Juan Jose Gutierrez Mayorga, et al, Defendants, Guatemala

Manufacturing Financial Advisor Egg Hunt The first LISA, S.A. lawsuit was dated February 1998 and filed in Miami which touched off litigation between the parties in ten different jurisdictions over a ten year period. Some cases do need staying power. After the events in 1998 and 1999, Counsel required the assistance of a forensic accountant to assist their client in defending the various allegations of financial impropriety and in particular to critique the other side’s expert report. The plaintiff, a family member and a minority shareholder, alleged various claims against his fellow family members and majority shareholders. Each allegation was...
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Shanghai Centre, China

Construction Financial Advisor Cost Overruns and Wrongful Termination Shanghai Centre is the first mixed-use project in Shanghai that includes 472 apartments and a 605 room Ritz-Carlton hotel. The dispute resulted in one party seeking recovery of lost fees and an undetermined amount connected to the alleged wrongful termination. Counsel required the assistance of a forensic accountant to critique the other side’s expert report that alleged a $70 million fraud in the overseeing of the renovations and management of the property. Each allegation was investigated and a response prepared to assist counsel with the action. Read “Portman seeks fees from partners...
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Allied Lyons Vs Fosters Brewery

Manufacturing Financial Advisor International Battle over Booze Fosters, an Australian brewery through Elders had targeted a takeover candidate in the U.K., Allied Lyons PLC that sought the assistance of the U.K. anti-monopoly commission. The takeover candidate alleged that the Australian company was profitable only due to aggressive acquisition accounting. The question arose as to whether or not their public filings could support this allegation. It was time for international travel, a penetrating pursuit of public filings in Australia and lessons on how to make the best use of time in business class. With many available hours and no phones, it...
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Public Gold Mining Company

Real Estate Financial Advisor On a Caribbean Beach as Sue This case involved the alleged use of insider information by a professional in a public company for personal gain in the form of real estate located in the Turks & Caicos. External counsel and I took a commercial jet to Miami and then a private jet took us to the Providenciales Airport and then we were taken to the only available hotel on Grace Bay Beach: Club Med. In those days only couples were permitted to stay, and you guessed right, counsel registered as he and I as Sue, all...
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Regina vs. Pieckenhagen

Real Estate Financial Advisor Pieckenhagaens and Police Power The Crown charged the Pieckenhagens with stealing $3 million from his father-in-law who had, over time, liquidated his European assets and transferred the money to Ontario through a Liechtenstein company. The Pieckenhagens wired the money to Panama City, Florida, then flew down, picked up the money and went off to Brazil. This looked bad! And this time their defense counsel, Clay Powell retained me. I offer a couple of observations from the 1977 trial: It was the first time I had seen an expert accounting witness cross-examined and destroyed - - yet...
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