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Mr. Tormo is a principal in the financial and economic consulting firm LECG. He has previously held the position of regional director and business line leader for the special services practice of an international accounting firm. He is a certified public accountant (CPA) and certified fraud examiner (CFE) and has provided auditing, tax, accounting, and dispute analysis services to clients in a wide variety of industries, including banking, financial services, securities, insurance, energy, construction, manufacturing, food and beverage, media, retail, technology and telecommunications.
Mr. Tormo has extensive experience in litigation consulting and complex damages analysis in such matters as breach of contract, business interruption, lost profits, employment disputes, infringement of intellectual property, misappropriation of trade secrets, product liability, and antitrust violations. In addition, he has experience in fraud and forensic accounting investigations, financial recovery/bankruptcy, general business and intellectual property valuations, securities act violations, risk and discount rate analysis, statistical cost estimation, construction delay claims, real estate development disputes, professional liability/accounting malpractice, and employment/wrongful death disputes, as well as experience in providing expert testimony.
Mr. Tormo also has extensive experience in assisting clients in matters involving financial disclosures, generally accepted accounting principles, securities fraud, shareholder disputes, broker/dealer actions, breach of fiduciary duty, failed mergers/acquisitions, professional malpractice, directors and officers claims, insurance fraud, and valuation of securities and derivatives.
Mr. Tormo has developed expert analysis of accounting issues in connection with alleged breaches of fiduciary duty on the part of the outside board of directors and accounting officers of one of the world's former leading energy companies. Work included assisting counsel in preparation for Congressional hearings and analysis of complex accounting and financial statement disclosures related to mark-to-market accounting, special purpose entities (SPEs), off-balance sheet financing, FAS 125 and 140 asset securitizations, pre-pay transactions, asset impairments, and use of complex derivatives.
In the area of intellectual property, Mr. Tormo has assisted in matters involving patent, trademark, and trade dress infringement, as well as trade secret misappropriation, breach of license agreements, and antitrust counterclaims, including analysis of reasonable royalty, lost profits, convoyed sales, price erosion, market definition, anticompetitive conduct, unjust enrichment, diminution of value, disgorgement, and prejudgment interest.
Mr. Tormo is a graduate of the Jesse H. Jones Graduate School of Administration at Rice University, Houston, Texas, with a master of accounting and bachelor of arts in economics, managerial studies, and political science. His background includes economics and econometrics, corporate and real estate finance, financial and managerial accounting, corporate, partnership, individual, international, fiduciary, estate and gift federal taxation, quantitative analysis, statistics, and industrial organization, as well as post-baccalaureate work in biochemistry and biophysics.
Mr. Tormo is a member of the Texas Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the National Association of Certified Valuation Analysts and the Association of Certified Fraud Examiners.
Mr. Tormo has participated in and led various international engagements and is fluent in various foreign languages. |
