The BERO Group

Forensic Accountants
&  Damages Experts

The BERO Group
Forensic Accountants

Equipped to assist in your litigation matters


We have the Forensic Accounting specialists you need for expert testimony in claims for commercial and intellectual property damages.

Whether the case at hand involves patent infringement, breach of contract, bankruptcy, divorce, fraud or embezzlement, The BERO Group has the resources to provide you and your clients with the forensic accounting support you need.

Remote Testimony and Conference Capabilities

Rick Bero Zoom DepositionThe BERO Group specialists are experts at providing testimony using programs like Zoom and Skype.
Our experts are equipped with the knowledge, skill and dedication to adapt to any of your litigation needs.

Forensic accounting isn't just an ancillary aspect of our practice — it's what we do.
Our track record and list of satisfied clients speaks for itself.

Contact us today for more information.

The Damages Report

COVID-19 sunk costs

Sunk Costs, Capital Obsolescence and COVID-19

In the Capitolism Newsletter, I learned that Josh Hawley berated Walmart in a Twitter Tweet: “…for the pathetic wages you pay your workers as you drive mom and pop stores out of business.”

Mr. Hawley is ignoring the concept of sunk costs and perhaps knows most of us forget the concept often… I can’t sell my house – I have too much sunk into it … The “mom and pop stores” are the sunk costs of the populist right. Mom and pop stores equal Capital Obsolescence as spotlighted and amplified by the COVID crisis, the rule of sunk costs dictates, we ignore them and move on. Read more

Forensic Accounting and Litigation Service Offerings

Commercial Litigation

Commercial Litigation

Breach of contract
Tortious interference
Franchise and dealership
Construction
Products liability
Shareholder disputes
Securities fraud

Forensic Accounting

Financial Fraud

Fraud investigation
Misappropriation of company assets
Embezzlement: Bribery, kickbacks, payoffs
White collar defense
eDiscovery and forensic imaging
Data mining
Divorce: Tracing hidden assets

Intellectual Property

Intellectual Property Litigation

Friendly Patent infringement
Trade secret misappropriation
False advertising
Trademark infringement
Trade dress infringement
Copyright infringement
Economic Damages

Commercial Damages

Commercial Damages

Lost Profits
Lost Business Value
Solvency / Insolvency
Contract / lost contract value
Trade Secrets / Patent Infringement

Personal Damages

Personal Damages

Personal Injury
Discrimination
Wrongful Death
FLSA Claims
Expert witness testimony

Valuation

Valuations

Trade Secrets
Mergers and Acquisitions
Patents and patent portfolios
Trademarks & Copyrights
Contractual Damage Claims

Government Contracts

Government Contracts

Terminations for Convenience
Terminations by Default
Cost Recovery Issues
Adjusting Partially Terminated Contracts
Contractual Damage Claims

CLE Presentations

CLE Presentations for Credit

Intellectual Property
Lost Earnings
False advertising
Fraud
Commercial and General Topics

Now in Print!

The Litigator's
Damages Blueprint
The Pragmatic Solution

Not a how-to-calculate-damages book, but a process that The BERO Group calls
"The Pragmatic Solution" which can help you manage your damages case.

Rick Bero Shares The BERO Group Approach to Litigation

Litigator's Damages BlueprintFrom start to finish, learn to work effectively and efficiently with your damages litigation team. This book will guide you through the steps to achieve success, offering a structure to engage fully with your damages analysis as you move from early preparation up to and through trial.

The Pragmatic Solution method will guide you through your work with your damages expert and help you develop a well-reasoned analysis that aligns with your liability case.

Richard Bero,
Contributing author to

The Comprehensive Guide to Economic Damages

This new edition, edited by Nancy J. Fannon, Jonathan Dunitz, Jimmy Pappas, Bill Scally, and Steve Veenema, features 49 chapters drawing on the expertise of nearly 70 financial experts and attorneys.

Comprehensive Guide to Damages The Comprehensive Guide to Economic Damages (6th Edition) combines the economic expert’s knowledge of damages calculations and methods with legal and case analysis. It provides a deep and rich resource for financial experts and attorneys seeking guidance on appropriate remedies and related damages calculations, and addresses many of the problems that may arise in any case. The breadth and depth of topics discussed, along with 300 court case digests, makes the Guide the most comprehensive body of knowledge relating to economic damages available.

You can find Rick Bero's contributing chapters in Volume One,

Part IV. INTELLECTUAL PROPERTY DAMAGES
Chapter 28. Patent Infringement Damages: Lost Profits and Royalties
By Richard F. Bero, CPA/ABV, CVA, CLP, and Autumn N. Nero, Esq.

Chapter 29. Design Patent Damages
By Richard F. Bero, CPA/ABV, CVA, CLP, and Christopher V. Carani, Esq.

Chapter 30. Trade Secret Damages
By Richard F. Bero, CPA/ABV, CVA, CLP, and Jon Margolies, Esq.

About The BERO Group

Forensic Accountants and
Damages Experts

With over 20 years of experience working with legal teams on complex litigation issues, we are as confident on the witness stand as we are in our analysis. As a result, we anticipate counter arguments and provide solid support for our conclusions, and your success.

The Complete Package

There are several forensic accounting firms that offer to act as damages experts and specialists in forensic accounting.
Few, however, possess the complete package of specialized knowledge and communication skills required for successful litigation outcomes.

Forensic Accounting experts at The BERO Group take full ownership of the cases they work on and are quick to adapt as members of your litigation team.
Known for being responsive, BERO Group forensic accounting specialists are also flexible, as they efficiently adapt to the changing circumstances, difficult schedules, and pressing deadlines related to important litigation issues.

Honest | Direct | Effective

The BERO Group will work with you and your litigation team, to build confidence and project credibility in the opinions we deliver to your client, opposing counsel, judges and juries. Our forensic accounting specialists possess the skills needed to offer you and your clients a rare combination of high-level technical proficiency, creativity, and sophistication in our approach to litigation.

Valuing What Matters

When the financial stakes are high for your client, it matters who you choose as your expert witness. You can trust The BERO Group to provide thorough, credible, supportable damages opinions. We're the preferred forensic accounting financial experts for many highly successful attorneys because we're experts at valuing what matters.

What our clients say...

Rise International

The BERO Group had been engaged by an Illinois based Not-for-Profit organization, RISE International, to perform a completion audit of their “Schools for Angola” project. The two and a half year long project resulted in construction of 26 schools in Angola at a cost of almost $9 million. The “Education Above All Foundation – Educate A Child Programme”, based in Qatar, contributed approximately $2.8 million toward the project. The audit performed by The BERO Group fulfilled the grant agreement requirement.

"The BERO Group performed a Grant Project Audit for RISE International. We were delighted to work with Jim McGovern and Jack Lazarczyk, and appreciated the time they took to understand the project, its detail, intricacies, and complexity. Extremely grateful for their expertise, thorough in-depth approach, experience, and professionalism, we highly recommend their work."

— Lynn Cole
Executive Director
RISE International

News & Events

Information you can use

COVID-19 Impacts Discount Rates, Which Impacts Some Damage Calculations

Clearly linkable to COVID-19, Duff & Phelps has made two adjustments to components used in calculating discount rates since February 2020. A discount rate is used when valuing a business or quantifying future lost profits.

Will COVID-19 Pandemic Shutdowns Trigger Business Interruption Insurance Coverage?

Mandatory state shut down orders may trigger business interruption coverage if a Pennsylvania Court’s interpretation is widely accepted. With thousands of businesses around the world being shutdown pursuant to government mandates designed to slow transmission of to the COVID-19 virus, many business owners are looking to their insurance policies for a lifeline.

Rick Bero co-authors chapters in The Comprehensive Guide to Economic Damages

Accomplished in publishing writing guides for effective accounting principles, Rick Bero contributes to the BVR library ...

ACFE 2020 Report to the Nations

2020 ACFE Report to the Nations

The 2020 Report to the Nations is the ACFE’s 11th study on the costs and effects of occupational fraud and represents the latest in a series of reports dating back to the first edition published in 1996.

"Occupational fraud—fraud committed by individuals against the organizations that employ them—is among the costliest forms of financial crime in existence. There are more than 3.3 billion people in the global workforce, and nearly all of them have access to or control over some portion of their employers’ cash or assets. For the ones who decide to seek illegal gains, their workplace is, in many cases, the most logical and convenient target."

— The Association of Certified Fraud Examiners 2020 Report to the Nations on Occupational Fraud and Abuse

Read More

Representative Law Firms

Organizations that trust The BERO Group to provide expert opinions and testimony