SOURCE: Marks Paneth & Shron LLP

Marks Paneth & Shron LLP

January 25, 2010 15:35 ET

Valuation and Strategic Consulting Specialist Joins Marks Paneth & Shron LLP's Litigation and Corporate Financial Advisory Services Group

Donald M. May, Ph.D., CPA, Former M.I.T./Sloan School of Management Professor, Joins Group as a Director; Brings Significant Strategic Consulting Experience on Sophisticated Valuation and Litigation Matters

NEW YORK, NY--(Marketwire - January 25, 2010) - Leading New York-area accounting firm Marks Paneth & Shron LLP (MP&S) announced today that Donald M. May, Ph.D., CPA, 49, a valuation specialist with nearly twenty years of experience in industry, academia and public accounting and deep expertise in litigation and strategic consulting has joined the firm as a director in the MP&S Litigation and Corporate Financial Advisory Services Group. Dr. May will be based in MP&S's Manhattan headquarters.

Dr. May comes to MP&S from leading global consulting and accounting firms including a Big Four firm and most recently Experts-on-Experts LLC, a New York-based litigation support firm where he served as Managing Partner and economic advisor to law firm clients across various industries on valuation, lost profits, opposing expert reports and deposition and trial preparation. Earlier in his career, Dr. May was an Assistant Professor in the Sloan School of Management at the Massachusetts Institute of Technology where he published research and taught MBA and Ph.D. level classes in economics, accounting, financial statement analysis and statistics.

"We're delighted to welcome Donald to our practice," said Steven L. Henning, CPA, partner-in-charge of the Litigation and Corporate Financial Advisory Services Group at Marks Paneth & Shron. "Don's vast experience developing and implementing asset valuation as well as preparing expert reports and witness testimony will bring tremendous value to the litigation services we offer our clients. In addition, Don's teaching background at one of the leading business schools underscores the increasingly sophisticated needs of our client base in this space."

Dr. May brings to MP&S his experience preparing expert reports and expert witness testimony related to business valuation, hedge fund valuation, lost profits, lost enterprise value, time-series forecast models, asset and investment portfolio valuation and statistical forecasting models and methodologies. Dr. May also brings to MP&S experience developing and implementing firm wide training programs for estimating the cost of capital and valuation techniques.

More about Donald M. May, Ph.D., CPA

Dr. May was on the faculty at the Sloan School of Management from 1993 through 1998 and earlier at Loyola University of Chicago from 1991 until 1993. He holds a Ph.D. and MBA in finance, economics, econometrics and statistics from the University of Chicago and is licensed to practice public accounting in Illinois. Dr. May has been published in numerous trade and business journals and is a member of the American Finance Association, the American Economic Association and the American Accounting Association. Dr. May resides in Mount Kisco, NY.

About Marks Paneth & Shron

Marks Paneth & Shron LLP is an accounting firm with nearly 500 people, approximately 70 of whom are partners and principals. The firm provides businesses with a full range of auditing, accounting, tax, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services and energy clients.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in JHI, the leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world.

Marks Paneth & Shron LLP, whose origins date back to 1907, is the 32 largest accounting firm in the U.S., and the 13th largest in the New York area. Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit

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