Curriculum Vitae

JAMES V. FARRELL, CPA BERKELEY RESEARCH GROUP, LLC 70 West Madison Street, Suite 5000 | Chicago, Illinois 60602

Direct: 312.588.7112 Mobile: 630.561.6887 [email protected]

Economics and Damages Calculations Forensic and Investigative Accounting Management Consulting Expert Witness Testimony EXPERIENCE

For over thirty years, Mr. Farrell has advised clients with complex economic, financial, accounting, business, litigation and valuation needs. His expertise includes financial and economic damage assessments, forensic accounting, breach of contract and fiduciary duty, specific performance, fraud, business valuations, breach of warranty, post-acquisition disputes, unjust enrichment, tortious interference, professional negligence, negligence, false claim violations, shareholder disputes, litigation arising out of bankruptcy, business disparagement, discrimination, age discrimination, harassment, retaliation, civil/criminal claims under RICO, bad faith, government claims and expert witness testimony.

Mr. Farrell provides written and oral expert testimony for matters involving financial and economic damages and losses, loss of profits, cost savings and additional expenses, real estate and construction claims, destruction/diminution of good will and reputation, complex accounting analyses, business interruption claims, business valuations, financial investigations, misappropriation of assets before federal and state courts, arbitrations and UNCITRAL, CAFTA, ICDR, ICC and the London Maritime Arbitrators Association tribunals.

Before joining BRG, Mr. Farrell was associated with Big Eight accounting and various international litigation firms. Later, he was the general manager of a real estate development company that owned and developed commercial, residential and industrial projects. He also was a member of the accounting management team at one of the nation’s largest shopping center owner/developers, where he became familiar with complex development, financing, leasing and ownership agreements.

In summary, Mr. Farrell’s experience includes the following: • Expert witness testimony: Federal and State Court, mediations and arbitrations • Damage calculations: lost profits, compensatory, fraud, destruction/diminution of good will/reputation • Forensic and investigative accounting; white collar crime and fraud investigations • Valuations: property, portfolio, entities • Evaluation of accounting and auditing issues, financial reporting, application of GAAP and GAAS • Post-acquisition disputes • Royalty disputes • Personal injury, wrongful death • Project management James V. Farrell, CPA

Mr. Farrell specializes in several practice areas, including real estate, agriculture, construction, professional services, government contracts, energy, manufacturing, financial services, hospitality, business valuation. International and domestic arbitrations, labor and project risk management.

EDUCATION AND AFFILIATIONS

Mr. Farrell graduated with a B.S. from Oregon State University in Accounting. He holds a MBA in Economics from the University of Chicago and is an Illinois and California (inactive) licensed CPA. He is a member of the American Institute of CPAs and Illinois CPA Society, a speaker at industry conferences, an instructor at CLE events and has published various professional articles.

EXPERT WITNESS TESTIMONY

300 Field TMG LLC and BCM – DPP, LLC verse Abbvie Inc., In the Circuit Court of the Nineteenth Judicial Circuit, Lake County, Illinois (Case No. 17 L 818), Deposition Testimony.

Royal Heritage Investments LLC, Ali Baghdadi and Darlene Baghdadi and Roosevelt – Clark, L.L.C. (Claimants) v. General Mediterranean Holding, S.A., SpF; CSLH Lux I. ar.1; CSLH Lux II S.ar.1; CSLH Incorporated; Chicago South Loop Holdings I, LLC; Chicago South Loop Holdings II, LLC; Chicago South Loop Holdings III, LLC; Riverside District Development, LLC; Heritage Development Partners, LLC; MT Property Holdings, LLC; Illinois Developer LLC; and CSLH Manager Incorporated (Respondents), International Center for Dispute Resolution, (Case No.: 01-19-0002-2896), Arbitration and Deposition Testimony.

MAK Realty Investors, LLC, a Florida limited liability company and ARP SW 35th Place, LLC, a Delaware limited liability company vs. Rocky Point Apartments, Inc., In the Circuit Court of the Eighth Judicial Circuit in and for Alachua County, Florida (Case No. 2018 CA – 3340), Deposition Testimony.

Unique Soy Products International LLC, v. Aerzen USA and KLA Systems, Inc., In the Circuit Court for Allegany County, Maryland, (C-01-CV-19-000293), Deposition Testimony.

Taktl, LLC, a limited liability company v. IWR North America, LLC, f/k/a IWR Building Systems, LLC, a limited liability company and Alliance Glazing Technologies, Inc., a corporation, In the United States District Court for the Western District of Pennsylvania, (C.A. No.2:18-CV-01546-DSC-CRE), Deposition Testimony.

Anne-Marie Ayers and Anne-Marie Gerrity Ayers, LLC (Claimants) v. CBRE, Inc., a foreign corporations and Michael DiBlashi (Respondents), Judicial Arbitration and Mediation Services (Case No.: 1460006594), Arbitration and Deposition Testimony.

Jacob Frydman against David Lichtenstein, PAF Capital, LLC, The Lightstone Group, Lightstone Value Plus Real Estate Investment Trust Inc. I, Lightstone Value Plus Real Estate Investment Trust Inc. II, Lightstone Value Plus REIT LP, Supreme Court of the State of New York, County of New York, New York (Index No. 651688/2012), Deposition Testimony.

Laurie Taylor, Independent Administrator of the Estate of Anthony Taylor, decreased, v. Scott Berger, M.D. and Suburban Gastroenterology, LTD., In the Circuit Court of Cook County, Illinois, County Department, Law Division, (No. 15 L 9086), Deposition Testimony.

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Currency, Inc., KII Inc., Kuchera Industries, LLC, William Kuchera and Ronald Kuchera, v API Technologies Corp., API Systems, Inc., API Defense, Inc., and API Defense USA, Inc., Court of Chancery of the State of Delaware, C.A. (No. 6873-VCL) Trial and Deposition Testimony.

MTS Partners, LLC d/b/a Corporate Electric Services vs. Standard Property Development, LLC, (Case No. 2009- CA-034374-O), Consolidated with United Central Bank, v Standard Property Development, LLC, (Consolidated with Case No. 2010-CA-008785-O) Ninth Judicial Circuit in and for Orange County, Florida, Civil Division, Deposition Testimony.

John D. Marks as Assignee of Claims Belonging to JDM Infrastructure, LLC. v Jon Verbeck and Verbeck Associates LLC, Circuit Court of Cook County, Illinois, County Department, Law Division, Deposition Testimony.

MDA City Apartments LLC, a Delaware Limited Liability Company v DLA Piper US LLP, Circuit Court of Cook County, Illinois, County Department, Law Division, Deposition Testimony.

Mobile Captions Company, LLC. v Hamilton Relay, Inc., American Arbitration Association, (No. 57| 494 | 4114 12), Arbitration Testimony.

Harold O. Schulz Company, Inc. v Astor Street, LLC, et al., Circuit Court of Cook County, Illinois, County Department, Chancery Division, Mechanic’s Lien Section, (No. 10 CH 22395), Deposition Testimony.

Michael Ballantine and Lisa Ballantine v. The Dominican Republic, In the Matter of an Arbitration under the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL) and the Dominican Republic – Central America – United States Free Trade Agreement (CAFTA-DR), International Arbitration Testimony.

Jeffrey Camp, et al. v Robert Berman, et al., (Case No. 14-CV-1049 (KBF)); Tow Sur, LLC, et al. v Robert Berman, et al., (Case No. 14-CV-2075 (KBF)); Jeffrey Camp, et al. v Robert Berman, et al., (Case No. 15-CV- 2586 (KBF)), United States District Court, Southern District of New York, Deposition Testimony.

David Lance New York Inc., against Scott Skoller, Adrian Jules, LTD. and SS Bespoke Inc., American Arbitration Association, (Case No. 01-19-0000-6363), Arbitration Testimony.

Floyd Schultz, Stanley Blunier and Brad Riskedal, individually and as class representatives on behalf of all of the minority unitholders of Illinois River Energy Holdings, LLC. V. Sinav Limited, GTL Resources USA, Inc., GTL Resources Limited, GTL Resources PLC, Siem Kapital, AS, North Atlanic Value LLP, Siem Industries, Inc., GTL Cambridge LLC, Richard H. Ruebe, Jeffrey W. Lemajeur, Vincent J. Kwasniewski and Neal T. Jakel, Circuit Court of the 15th Judicial Circuit, County of Ogle, State of Illinois, (No. 2014-L-15), Deposition Testimony.

U.S. Bank, N.A., (as successor in interest to the Federal Deposit Insurance Corporation, Receiver for Park National Bank) v. Wiseman-Hughes Enterprises, Inc., Castle Bar Investments, LLC, James P. Hughes, Sr., James P. Hughes, Jr., John F. Kulczewski, and Ashcroft Walk Townhome Association, Circuit Court of the Sixteenth Judicial Circuit, Kendall County, Illinois, Chancery Division, (No. 08 CH 0604), Deposition Testimony

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Westminster Management, et al. v. East Coast Residential Associates, LP and Fidelity National Title Insurance Company, Superior Court of New Jersey, Law Division - Essex County, (Docket No. ESX-L-3487-08), Deposition Testimony

Bernard National Loan Investors, LT v. Traditions Management, LLC, AEY, LLC, Michael Aiken, Mark Enderle and Mark Yarborough, District Court Southern District of New York, (08 CV 3573), Deposition Testimony

Promenade at Litchfield, LLC v. GE Business Financial Services Inc., f/k/a Merrill Lynch Business Services Inc., United States District Court, District of South Carolina, Charleston Division, (Case Nos. 2:08-CV-3544- MBS and 2:08-CV-3934-MBS (consolidated)), Deposition Testimony

Continental Community Bank & Trust Company v. Hartford Underwriters Insurance Company, Circuit Court of Cook County, Law Department, (No. 02 L 010142), Deposition Testimony

Tire ‘N Tracks, Inc., v. Village of Lisle, Circuit Court of DuPage County, Illinois, (No. 2003 L 591), Deposition Testimony

Robert Baker et al. v Borden Chemical, Inc. et al., Circuit Court of Laurel County, Kentucky, (No. 03-CI- 00824), Deposition and Trial Testimony

United States of America v. Bill Harbert International Construction Inc., et al., United States District Court for the District of Columbia, (No. 1:95CV01231), Deposition Testimony

IPSCO Steel (Alabama) Inc. v. Kvaerner U.S. Inc., United States District Court for Southern District of Alabama, Southern Division, (No. CV-01-0730-CG-C), Deposition Testimony

North Central Construction, Inc. v. Quad County Corn Processors Cooperative, American Arbitration Association, Des Moines, Iowa, Arbitration Testimony

Allegis Group, Inc. and Onsite Companies, Inc. v. Kevin Knaul, Kevin Brownsey, James Pagliero, Sean Rice, Franklin Leister, IV, Hudson Highland Group, Inc. and TMP Worldwide, Inc., United States District Court, Illinois Eastern Division, (No. 02-C-8192), Deposition Testimony

Abbott & Cobb, Inc. v. Seminis Vegetable Seeds Inc., American Arbitration Association, San Francisco, California, Deposition and Arbitration Testimony

CapGemini America, Inc., A New Jersey Corporation v. National Research Corporation, A Wisconsin Corporation, United States District Court, Nebraska, (No. 4:00CV283), Deposition and Trial Testimony

IBP, inc. v. H.K. Systems, Inc., United States District Court, Nebraska, (No. 8:98CV480), Deposition Testimony

Raphael Lupo, et al v. Brinks Hofer Gilson and Lione, P.C., 1999, American Arbitration Association, Chicago, Illinois, Deposition and Arbitration Testimony

Wanil Express, Inc. v. Intercargo Insurance Co., Los Angeles County Superior Court, South Central District, California, (No. TC 005966), Deposition Testimony

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D. Hamilton v. Chrysler Corp., et. al, Circuit Court of Cook County, Illinois, (No. 94-3836), Deposition and Trial Testimony

Capital Bank v. Kidder, Peabody Group, Inc., Los Angeles, California, Deposition Testimony

Internal Revenue Service v. Dr. Slater, San Jose, California, Jury Trial Testimony

Union Switch & Signal, Inc. v. City of Chicago, United States District Court for the Northern District of Illinois, Eastern Division, (No. 93 C 00127), Deposition Testimony

Sardo Corporation v. Commerica Bank, et. al, United States District Court, Eastern Division Michigan, Southern Division, (No. 94-CV-70169), Deposition Testimony

Brouwer, et. al v. L. Rochwarger, United States District Court for the Southern District of Indiana, Indianapolis Division, (No. 92-753), Deposition and Bench Trial Testimony

Expino v. Advo, Inc., United States District Court for the Northern District of Illinois, Eastern Division, (No. 95 C-0073), Deposition Testimony

J. Jordan v. Leydig, et. al, Circuit Court of Cook County, Illinois, Law Division Department, (No. 94 L 5984), Deposition Testimony

RTA v. Gibbons, United States District Court for the Northern District of Illinois, Eastern Division, (No. 93 C 00127), Deposition and Jury Trial Testimony

B & Sons, Inc. v. City of Oxnard, American Arbitration Association, Los Angeles, California, Arbitration Testimony

Aleutian Constructors Joint Venture v. J. A. Jones, American Arbitration Association, Seattle, Washington, Arbitration Testimony

PUBLICATIONS

“Claims for Lost Profits”, Proving and Pricing Construction Claims, Aspen Law & Business, 2001 "Do You Really Want to Go to War?" AM&G Construction Focus, Chicago, Illinois, Spring 1993 "Litigation Support," Construction Accounting Manual, Warren, Gorham & Lamont, 1992 "Construction Litigation-A Look at the 'ABCs,'" Apartment Owner/Builder Magazine, Long Beach, California, July 1991 "A Brief 'ABCs' of Construction Litigation," Peat Marwick Goodkin Report, Volume 90-2, San Diego, California, 1990 "Construction Attorneys Blaze Litigation Trail," Merrill's Illinois Legal Times, Chicago, Illinois

SEMINARS AND TRAINING 5 James V. Farrell, CPA

“Advanced Concepts in Construction Delay Disruption Disputes” presented at the Illinois Institute for Continuing Legal Education in Chicago, Illinois, December 19, 2008. “Managing the Problem Project” presented at the Law Seminars International Second Annual Conference on Illinois Construction Law 2008 in Chicago, Illinois, July 10-11, 2008. “Tips for Owners in Avoiding Labor Disputes and Maximizing Workforce Efficiency,” presented at the Associated Owners and Developers 2008 National Conference West in Los Angeles, May 5, 2008 “Hidden Danger: Discovery of Latent Defects in Occupied Buildings and Potential Catastrophic Failures,” presented at the Annual Meeting 2008 of the ABA Forum on the Construction Industry in La Quinta Resort and Club, La Quinta, California, April 24-26, 2008 “Legal Issues and Strategies Every Contractor Should Know,” presented at the 2006 Construction Conference in Chicago, November 2, 2006 “False Claim Acts,” presented at the Practicing Law Institute 2006 Handling Construction Risk Seminar in New York, April 21, 2006 “Whose Schedule Is It Anyway: Demystifying Scheduling,” presented at the Practicing Law Institute 2005 Handling Construction Risk Seminar in New York, April 15, 2005 “To Audit or Not? That’s the Question,” presented at the Practicing Law Institute 2004 Handling Construction Risk Seminar in New York, April 15, 2004 “Back to the Basics: Dealing with Federal Government Construction Contracts,” presented at the Owner’s Construction Superconference in San Francisco, December 12, 2003 “Forensic Construction Accounting and False Claims: It Cost How Much?” presented at the Practicing Law Institute’s Handling Construction Risks 2003 in New York, April 11, 2003 “Effectively Using Daubert and Kumho Tire in Construction Disputes: Keeping Your Expert In and Keeping the Subcontractors Expert Out.” presented at The Contractor’s Construction Superconference in San Francisco, December 12, 2002 “To Audit or Not? That’s the Question,” presented at the Society of Illinois Construction Attorneys in Chicago, July 9, 2002 “To Claim or Not to Claim—The Art of the Possible in Construction Disputes,” presented for the Illinois Institute for Continuing Legal Education in Chicago, December 6, 2001 “Construction Fraud,” presented at the Conference for Catholic Facility Management in Indianapolis, June 2001 "Dissecting Your Financial Statements," presented at the National CISCA Conference in New Orleans, April 1997 "Dissecting Your Financial Statements," presented to the Chicago Chapter of the Mechanical Contractors Association, March 1997 "Boosting Your Bonding Capacity,” presented to AM&G's Construction Industry Group and clients, May 1996 "Improving Your Cashflow," presented to the Builders Association of Greater Chicago, April 1996 "Contract Procurement and Vendor Fraud," presented at the Illinois CPA Society 1995 Fraud Conference, May 1995

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"How to Avoid the Accountants' Malpractice Trap," presented at various times in different locations for CNA insurance policyholders, 1995 "Valuing a Construction Company," presented at the Illinois CPA Society 1994 Construction Industry Conference, November 1994 "Winning Construction Claims with Your Computer," presented at the A/E/C Systems Fall Seminar, October 1994 "Claims against the Contract," presented at the Construction Law Seminar sponsored by the Illinois Capital Development Board, Northern Regional Office, July 1993 "The Construction Consultant's Perspective," presented to the Builders Association of Greater Chicago Construction Trends in the '90's Conference, June 1993 "Use of Litigation Support Services in Real Estate and Construction Litigation -An Accounting Expert's Perspective," presented to the Chicago Bar Association, February 1993 "Construction Litigation Services," presented to AM&G's Real Estate Industry Group, September 1992

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