Lieff Cabraser attorney Bruce W. Leppla will be speaking at the Legal Executive Institute’s October 8, 2015 meeting on Board of Director fiduciary duties related to intellectual property valuation in the context of merger and acquisition (M&A) activity. With the dramatic rise of M&A activity involving the acquisition of companies with valuable intellectual property, the issue arises as to whether the Board of the company to be acquired has taken appropriate steps to value its intellectual property. Conventional valuation methods (e.g., discounted cash flow analysis, the use of comparables, etc.) may be of limited help. Mr. Leppla will examine the legal standards with respect to board fiduciary duty in this area and also review new, more innovative financial methods to assess valuation.
A partner in Lieff Cabraser’s San Francisco office, Mr. Leppla’s recent litigation experience includes representing mutual funds and government retirement systems in actions involving American International Group, Merck, Celera Corp., Broadcom, McKesson, America Online, Qwest, and Brooks Automation cases. He participates in the evaluation and development of securities and antitrust matters, assists in expert witness matters as they relate to accounting and finance issues, and manages with his partners the settlement of cases that involve corporate finance issues.
Mr. Leppla is a member of the Union Internationale des Avocats (UIA), and served as the 2012 ABA/UIA Litigation Section Seminar Chairman on International Corporate Governance Developments. He is also a former commercial bank CEO and President. He holds a master’s degree in quantitative economics from the University of California (Berkeley) and a B.A. in economics (magna cum laude) from Yale University. He is a member of the Editorial Board of Wall Street Lawyer and the author of numerous securities litigation articles. Mr. Leppla speaks frequently on legal and market-related issues.