Justin Cherfoli is a Managing Director in the Valuation Advisory group and serves as the national practice leader for the firm’s Valuation Disputes / Family Law group. Since 2000, Justin has served as an expert witness or consultant in matters involving business valuation, economic damages, and forensic accounting for numerous purposes including marital dissolutions, shareholder disputes, commercial litigation, estate and gift taxation, financing, purchase and sale advisement, intellectual property valuations, reasonable compensation, and other tax, corporate, and litigation related matters. Additionally, Justin has been actively involved in providing a broad range of financial advice to trial lawyers throughout the dispute process, including matters involving economic damage analysis, diminution in business value, breach of contract, financial modeling, forensic accounting, fraud examinations, and disputes related to business transactions. Justin also serves as a court-appointed and/or mutually agreed-upon financial expert in shareholder disputes and divorce matters.

Justin was a chapter author to the chapters entitled “Valuation in Marital Dissolution” and “Valuation in Shareholder and Partner Disputes” in Business Valuation, published by the Law Journal Press, a division of ALM Media Properties, LLC. He was also a contributing author to the chapter entitled “Valuation Nuances in Litigation” in Business Valuation: A Primer for the Legal Professional, published by the Business Law Section of the American Bar Association. Justin has presented continuing education seminars on business valuation, lost profits, stock options, understanding tax returns, and tools for improving management decision-making. He has also published several articles on stock options, valuation and other related topics.

Prior to joining Stout, Justin was with Ernst & Young, LLP in its Assurance and Advisory Business Services Group in Detroit.

Select Publications

  • Law Journal Press January 2010

    Valuation in Marital Dissolution and Valuation in Shareholder and Partner Disputes, Business Valuation, edited by Ronald S. Longhofer, New York:
  • Wiley Publishing, Inc. April 2009

    Cited in: Business Valuation for Dummies; by Lisa Holton and Jim Bates, MBA; Hoboken, NJ
  • ABA Publishing, American Bar Association Section of Business Law February 2007

    Contributing author to: Business Valuation: A Primer for the Legal Professional; by Jeffrey M. Risius
  • Illinois State Bar Association Family Law Newsletter April 2011

    Reasonable Compensation: A Key Issue in Marital Dissolution
  • Illinois State Bar Association Family Law Newsletter June 2007

    Compensation-for-Contribution: An Alternative Method for Handling Personal Goodwill in Divorce Matters
  • Michigan Lawyers Weekly February 2005

    Time Rule Formulas Considered in Division of Stock Options at Divorce
  • Michigan Lawyers Weekly December 2003

    Year-End Tax Strategies to Consider in A Divorce
  • Michigan Lawyers Weekly February 2003

    Family Law, Financial Experts & ‘The Yellow Brick Road
  • Michigan Lawyers Weekly January 2003

    Assessing Reasonable Compensation
  • Litigation Section of the State Bar of Michigan’s "The Litigation Newsletter" April 2001

    Primer for the Attorney to Understand Financial Statements in the Context of Commercial Litigation
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Select Presentations and Speeches

  • The American Academy of Matrimonial Lawyers Virginia Chapter Family Law Seminar January 2017

    Divorcing the Wealthy: Unique Issues and Challenging Valuations in High Asset Cases
  • The Institute of Continuing Legal Education’s 15th Annual Family Law Institute November 2016

    Cross-Examination of the Economic Expert Witness
  • The 17th Annual Family Court Forum June 2016

    Married or Not, Here They Come! Unique Issues and Challenges Facing Unmarried Parents in Family Court
  • The Institute of Continuing Legal Education’s 14th Annual Family Law Institute November 2015

    Deposing the Economic Expert
  • The Consumer Bankruptcy Association Litigation Skills Seminar April 2015

    Anatomy of a Trial: What Every Bankruptcy Lawyer Needs to Know about Actually Going to Trial
  • The Institute of Continuing Legal Education’s 13th Annual Family Law Institute November 2014

    A Systematic Approach to Confronting Business Valuation
  • The Institute of Continuing Legal Education’s 12th Annual Family Law Institute November 2013

    Double Dipping: What is the Right Approach
  • The Grand Rapids Bar Association, Family Law Section October 2013

    Forensic Accounting and Fraud in Divorce
  • The Institute of Continuing Legal Education’s 11th Annual Family Law Institute November 2012

    Anatomy of a Business Tax Return: What Family Law Practitioners Need to Know
  • The Michigan Judicial Training Institute October 2012

    Anatomy of a Business Tax Return
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Interviews and Media Mentions