Joseph W. Thompson, CFA, ASA

Joseph W. Thompson, CFA, ASA
Principal
708.383.9050
JThompson@TheGriffingGroup.com

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Joseph W. Thompson, CFA, ASA is a Principal at the Griffing Group.  Mr. Thompson has approximately 20 years of experience as a professional in the finance industry.  He has performed valuation and damages analyses for purposes of commercial litigation, estate and gift taxation, employee stock ownership plan compliance, and purchase price allocation.

Mr. Thompson has been retained to provide expert witness testimony for plaintiffs and defendants in a number of jurisdictions, including United States District Court, the Delaware Court of Chancery, the Supreme Court of the State of New York, Illinois Circuit Courts, and arbitration hearings.

Mr. Thompson has valued businesses across many industries, including financial services, software and technology, medical products, manufacturing, communications, retail, distribution, and others.  Further, Mr. Thompson has experience in valuing a variety of financial securities, including options contracts, warrants, preferred stock, blocks of stock, hedge fund interests, interests in private equity funds, debt, and contingent liabilities.

  • Master of Business Administration – high honors, Boston University
  • Master of Science in Information Systems – high honors, Boston University
  • Bachelor of Science – Finance and Economics – high honors, DePaul University
  • CFA® Charterholder, CFA Institute
  • Accredited Senior Appraiser (Business Valuation), American Society of Appraisers
  • Member, Chairmen’s Advisory Council, Big Shoulders Fund
  • Member, Editorial Review Board, Business Valuation Review

State of Delaware

Court of Chancery

Ramcell, Inc. v. Alltel Corporation d/b/a Verizon Wirless, 2022

  • Provided opinions in the statutory appraisal matter involving the valuation of a wireless services provider

Pilot Air Freight, LLC v. Manna Freight Systems, Inc., et al., 2021

  • Provided opinions regarding damages pertaining to the value of lost customers in a post-acquisition dispute involving a last-mile logistics company

Jerry Miccolis v. Montage, et al., 2019

  • Provided opinions regarding damages pertaining to the value of a membership interest in a closely-held mutual fund company

United States District Court

Southern District of Florida

Frederick Siegmund v. Xuelian Bian, et al., 2018

  • Provided opinions regarding financial damages resulting from a cash-out merger

Northern District of Illinois, Eastern Division

United States v. John Tomkins, 2012

  • Provided opinions regarding option valuation and option markets in explaining criminal motive

State of Illinois

Circuit Court of Cook County

Hao v. Nanhua USA Holding, LLC, 2021

  • Provided opinions regarding the value of a membership interest in a closely-held futures commission merchant

Bhatti, et al. v. Mediplant Funding, et al., 2014

  • Provided opinions regarding the value of a membership interest in a closely-held medical services company

Circuit Court of Kane County

Sutphen v. Peskind, et al., 2014

  • Provided opinions regarding the values of interests in a closely-held construction companies

State of New York

State Supreme Court (New York County)

Warberg Opportunistic Trading Fund v. GeoResources, Inc., 2017

  • Provided opinions regarding the values of warrants issued by a publicly traded oil and gas exploration company

JAMS Arbitration

John Patterson v. Maxant Technologies, Inc., 2013

  • Provided opinions regarding the values of an interest in a closely-held medical electronics company

Other Selected Controversy Matters

State of Delaware

Court of Chancery

Jonathan Lindsey and David Bocian v. Zettacore Inc., et al., 2014

  • Provided damages analysis regarding a venture capital investment

State of Ohio

Confidential Matter, 2018

  • Provided rebuttal analyses regarding damages claims involving the sale of an insurance brokerage firm

Pro Bono

  • Lead Financial Advisor to the Better Government Association in investigation of Lions Township Treasurer, 2011

Arbitration

Confidential Matter, 2021

  • Authored an expert report rebutting asserted damages related to a biotechnology services company, which supported the arbitrator’s decision to dismiss the matter

Confidential Matter, 2010

  • Provided an affidavit as to the whether a hedge fund manager followed investment policy and risk protocols in investing client funds in leveraged options positions
  • Delaware Chancellor Rejects “Apples-to-Oranges” Damages Analysis, NACVA’s QuickRead, (April 2021).
  • What Business Appraisers Can Learn from the GameStop Saga, Business Valuation Update, Volume 27, No. 4 (April 2021).
  • Del. M&A Ruling Shows Pragmatic View on Expert Reports, Law360, (February 2021).
  • Providing a Framework for Testing the Reasonableness of Terminal Period Cash Flow Investments – Business Valuation Review, Volume 39, No. 1 (November 2020).
  • How to Calculate Securities Fraud Class Size with SEC Data – Law360 (September 2020).
  • Alternate Valuation Methods in the Era of COVID-19 – Business Valuation Update, Volume 26, No. 6 (June 2020).
  • Valuing Bonus Depreciation Under the New Tax Law – Business Valuation Review, Volume 37, Issue 1 (Spring 2018).
  • Expanding an Appraiser’s Toolbox with Credit Default Swaps – Business Valuation Review, Volume 34, Issue 2 (Summer 2015).
  • Adjusting the Chaffe DLOM Option Model for Dividends – White Paper
  • Chapter 41: Valuations in Shareholder and Partner Disputes in Valuing a Business, 6th Edition – Pending publication
  • Chapter 42: Shareholder and Partner Dispute Court Cases in Valuing a Business, 6th Edition – Pending publication
  • Valuing Tech Companies: Adjusting Financial Statements for the Value Driver Formula. 2021 ASA International Conference. October 2021.
  • Testing the Reasonableness of Terminal Period Cash Flow Investments. 2020 ASA International Conference. October 2020.
  • Alternate Valuation Methods in the Era of COVID-19. Business Valuation Resources webinar. June 2020.
  • The Great Recession: Rethinking the Basic Building Blocks of Cost of Capital. 2012 AICPA/AAML National Divorce Conference, Las Vegas, Nevada.  May 2012.
  • Duff & Phelps Risk Premium Report. Maryland Society of Certified Public Accountants, Baltimore, Maryland.  January 2010.