
Scott Hakala
CFA, PhD
Managing Director
Litigation Expert Witness
Financial Valuation
Background
Scott Hakala is a Managing Director with more than four decades of experience working with finance, economics, statistics, and business valuation theory. He joined Marshall & Stevens in 2024, with the acquisition of ValueScope. He works primarily in litigation expert witness services and financial valuation. His expertise includes:
- Corporate Finance
- Restructuring and Cost of Capital
- Valuation of Securities and Business Interests (e.g., transactions, mergers, acquisitions, fairness opinions)
- Valuation of Intangible Assets (e.g., patents, trademarks)
- Analysis of Publicly Traded Securities (e.g., insider trading studies, trading analyses, event analyses, materiality, damages in securities litigation)
- Expert Testimony and Economic Loss Analyses (e.g., commercial litigation)
- Wage and Compensation Determination (e.g., reasonable compensation studies, lost personal income, wrongful termination)
- Transfer Pricing
- Derivative Securities (e.g., options pricing and valuation)
- Antitrust and Industry Structure, Strategic Pricing, Marketing, and Cost Allocation Analyses.
Professional Highlights
- Chartered Financial Analyst, CFA Institute
- ValueScope, Inc.
Managing Director, 2014-present - CBIZ Valuation Group, LLC
1992-2014
‣ Managing Director, 2009-2014
‣ Director/Principal, 1995-2009
‣ Senior Consultant, 1992-1994 - Laser BioTherapy, Inc.
Consultant/Interim CEO, 1998 - Southern Methodist University, Dept. of Economics
Assistant Professor, 1988-1992 - University of Minnesota, Dept. of Economics
Lecturer, 1983-1988
- Southern Methodist University
Assistant Professor, Dept. of Economics, 1988-1992
‣ Macroeconomics, monetary/financial economics, financial institution regulation, and international financial management (graduate and undergraduate level) - University of Minnesota
Lecturer, Dept. of Economics, 1983-1988
‣ Macroeconomics and international financial management