Former Harvard professor says IRS can’t tamper with Facebook valuation

By Dorothy Atkins (May 6, 2022, 10:56 p.m. EDT) — A retired Harvard Business School adjunct professor spoke Friday in a multibillion-dollar lawsuit over Facebook’s 2010 tax bill, defending her opinion that Internal Revenue Service experts rigged Facebook’s valuation and failed to factor in billions of dollars in costs that should have been deducted from its value.

Timothy Luehrman, who is an independent consultant and retired adjunct professor from Harvard Business School, was admitted Friday as Facebook Inc.’s expert in corporate finance and business valuation.

During a two-hour direct examination by Facebook attorney George M. Clarke of Baker McKenzie, Luehrman defended his methodology for proposing the…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!



About Author

Comments are closed.