Scott Hakala

CFA, PhD

Managing Director

Litigation Expert Witness

Financial Valuation

[email protected]

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 
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