Mr. Hazel has served as an expert witness in State and Federal Courts, arbitrations and administrative hearings on behalf of defendants and plaintiffs. He has been retained by national, regional and boutique law firms on a variety of cases, including those involving lost profits, valuation, forensics, tax and accounting.
Los Angeles, Denver
Steven Hazel is a Managing Director in Secretariat’s offices in Los Angeles and Denver. Mr. Hazel has served as an expert witness in the State and Federal Courts, arbitrations and administrative hearings on behalf of defendants and plaintiffs. He has been retained by national, regional and boutique law firms on a variety of cases, including those involving lost profits, valuation, forensics, tax and accounting.
Mr. Hazel has combined his accounting, business management, and finance backgrounds to quantify economic damages, provide auditing and tax opinions and value assets/businesses in a variety of circumstances, from adversarial proceedings to mergers and acquisitions, and for financial reporting and tax purposes. While he is involved in cases in the U.S. and internationally, he spends most of his time in California, New York and Colorado.
Working in diverse industries, Mr. Hazel relies on business acumen and judgment derived from over four decades as a forensic accountant. Mr. Hazel’s background in public accounting, including tax and auditing, affords him added insight into how valuations and financial analysis documents and concepts are used and challenged. Coupled with his entrepreneurial history as a part-owner of both established companies, Mr. Hazel knows how business works, from the inside out and the outside in.
His representative experience includes extensive financial and damage analysis, valuation, tax and accounting related litigation assignments. Financial analysis for lost profits and opportunities, accounting investigation and transactions, tax issues, reasonable royalties, asset, business and liability valuation purposes are common. This experience includes valuation of assets, derivatives and liabilities including stock appraisal rights, appraisal opinions, fair value and working capital quantifications.
New York and California Step Forward as Federal Enforcement Retreats
As federal regulatory priorities narrow under the Trump administration, state attorneys general and financial regulators are preparing to take on a more active role in white collar and securities enforcement. With the DOJ and the SEC recalibrating their focus, states such as New York and California are asserting their authority to fill gaps in corporate oversight.
Policy News and Stock Market Volatility
When it comes to explaining stock market volatility, the story is rarely straightforward. In their article Policy News and Stock Market Volatility for the Journal of Financial Economics, Director Kyle Kost and coauthors Scott R. Baker, Nicholas Bloom, and Steven J. Davis revisit Robert Shiller’s 1981 finding that stock market fluctuations cannot be fully explained by realized future dividends.
This article focuses on the two main dispute mechanisms under the Premier League’s Rules: disciplinary proceedings under Rule W and arbitration under Rule X. The article also looks at the role of experts in both sets of proceedings.