Expert profile

Troy Dahlberg

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Highlights

Certified Public Accountant in New York and California.
Proven as a credible expert witness under cross-examination.
Acted as an expert for disputed values in excess of $1 billion.
Appointed over 40 times as a neutral accountant, arbitrator, and mediator in US and international disputes.
Specializes in post-acquisition disputes, representations and warranties disputes, and complex forensic accounting matters such as alter ego and civil RICO.
Over 40 years of experience, mostly in the big four international accounting firms.

Services

Business Valuation | Economic Damages | Forensic Accounting | Insurance Claims | Investigations

Industries

Financial Services | Industrial & Manufacturing | Real Estate & Tourism | Technology, Media & Telecoms

Troy possesses the ability to deeply understand complex legal issues and weave them together with a detailed forensic analysis. He is unflappable in his testimony and produces top caliber work. He presents information in a clear and understandable fashion”
Lexology Index - GIR - Investigations Forensic Accountant - Thought Leader

Expertise

Troy Dahlberg is a forensic accountant with more than 40 years of experience across multiple industries. He has been retained as an expert witness on more than 100 occasions.

Troy has testified in state and federal courts, as well as in various complex arbitrations. He has been retained on several large, complex commercial disputes, including International Chamber of Commerce (ICC) matters, to provide consulting and expert witness forensic accounting services, including the Chevron/Ecuador litigation. These disputes have involved both US and international entities. Troy has served more than 40 times as a neutral accountant, arbitrator and mediator in disputes, including serving on international arbitration panels and was appointed as an arbitrator by the International Centre for Dispute Resolution (ICDR) of the AAA. Troy has experience related to issues involving discovery, accounting, procedure, reporting, purchase price, working capital, earn out, representations and warranties insurance and alter ego disputes.

Troy specializes in post-acquisition dispute resolution and consulting for both buyers and sellers, as well as serving as a neutral accountant and arbitrator. He has provided expert witness testimony regarding complex forensic accounting matters, such as alter ego and civil RICO. His other testimony includes commercial matters pertaining to commercial damages. Troy also serves as a consultant and expert witness in a variety of large and complex insurance claims, including representations and warranties disputes, business interruption claims and out of pocket expenses.

Professional recognition

Lexology Index

GIR – Investigations Forensic Accountant – Thought Leader
Commercial Litigation – Thought Leader
USA – Commercial Litigation and Investigations – Thought Leader
Investigations – Forensic Accountant – Thought Leader
Arbitration
Consulting – Forensic Accountant

Troy’s expert testimony includes:

Chevron Corporation v. Steven Donziger, et al. – Trial testimony concerning Civil RICO/Accounting/ Financial Analysis (U.S. District Court Southern District of New York). Case No. 11 Civ. 0691 (LAK). Retained by Chevron Corporation in connection with a multi-billion dollar lawsuit and judgment against it in Ecuador. Performed an accounting investigation regarding the aspects of Civil RICO for a federal court case in New York. The investigation included hundreds of thousands of unstructured documents and identifying transactions, relationships, and flow of funds. Provided expert witness testimony in the Southern District of New York.
Flagler Holdings VI Beta, Inc. et al. v. Airline Accommodations Solutions, LLC, et al. – Trial/Deposition testimony concerning Earn-Out Dispute (Court of Chancery – State of Delaware). Case No. 2023-0050-SKR. Retained as a consultant and potential expert witness for buyer in an earnout dispute involving the determination of cash-based revenue for a three-month period after the closing for the operations of a travel industry solutions provider, which includes providing hotel accommodations for airline carriers.
Global Gaming Philippines, LLC v. Enrique K. Razon, Jr., et. al. – Deposition testimony concerning Alter Ego/ Accounting (U.S. District Court Southern District of New York). Case No. 21 Cv. 2655 (LGS) (SN). Retained by a major private investment bank in a multi-million dollar lawsuit related to a dispute of a joint venture for an international hotel and casino development in the Philippines. Engaged to perform analysis of accounting, financial, and business operations and records and transactions to determine if alter ego indicia existed involving a Philippine-based hotel and casino group of companies, their parent company and affiliates, and the primary shareholder, a Philippine national.
Tatung Company, Ltd. v. Shu Tze Hsu, et al. – Deposition testimony concerning Accounting/Civil RICO/Alter Ego/Solvency (U.S. District Court Central District of California, Southern Division). Case No. SACV13-01743 DOC. Retained by largest Taiwanese manufacturer of consumer products in matters involving a multi-national Taiwanese based group of companies and individuals that operated a home electronics distribution network. Engaged to perform an analysis of accounting, financial, and business operations and records, including transaction tracing, to determine if alter ego indicia existed.
K.E.E., et al. A.B, et al. v. Cumberland Hospital, LLC, et al. – Deposition testimony concerning Alter Ego/Accounting (Circuit Court Richmond, Viriginia). Case Nos. CL20-5209-00 and CL22-3616-00. Retained by a large publicly traded healthcare holding company in a lawsuit related to allegations of improper medical care by one of its subsidiaries. Engaged to perform analysis of accounting, financial, and business operations and records related to the existence of alter ego indicia.

The Dufresne Spencer Group, LLC, et al. v. Han Nara Enterprises LP, et al. – Trial/Deposition testimony concerning Reps and Warranties/Economic Damages (U.S. District Court District of Delaware). Case No. 21-cv-1857-RGA. Served as an expert witness for seller in an alleged breach of financial and accounting representations and warranties related to the understatement of liabilities as of the closing for customer deposits for furniture payments collected. Claims related to liabilities and damages issues.
Lord & Taylor, LLC v. White Flint, L.P. n/k/a White Flint Mall, LLP – Trial/Deposition testimony concerning Economic Damages (U.S. District Court District of Maryland (Greenbelt Division)). Case No. 8:13-cv-01912-RWT. Computation of lost profits and other economic losses totaling over $31 million due to an alleged breach of long term rental agreement dispute for a large retail department store.
Buyer v. Insurance Company for Seller – Arbitration testimony concerning Reps and Warranties/ Economic Damages (AAA – Arbitration New York, New York). Served as an expert witness and testified in arbitration for a large international insurance company regarding the buyer’s claim that the seller breached its representation and warranty regarding their financial statements for a producer of topical lotions and skin care products. Claims related to GAAP, inventory, accounts receivable, and regulatory issues.
McWhinney Holding Company LLP, et al. v. Poag & McEwen Lifestyle Centers – Centerra LLC, et al. – Trial/Deposition testimony concerning Alter Ego/ Accounting (District Court – State of Colorado Larimer County). Case No. 2011CV001104. Analysis of accounting, financial and business operations and records to determine if alter ego indicia existed. The matter related to an ownership dispute of a joint venture for a large commercial retail development in northern Colorado.
Cosmax Inc., et. al. v. Jonathan Rosenbaum, et al. – Deposition testimony concerning Reps and Warranties/ Economic Damages (Superior Court of New Jersey Middlesex County). Case No. MID-L-000246-22. Served as an expert witness and testified in deposition for matter filed in state court in New Jersey for buyer in an alleged breach of financial and accounting representations and warranties regarding a nondisclosure of a large product recall and potential loss of major customer prior to the closing in the cosmetics industry. Claims related to undisclosed liabilities, loss of future revenue and related damages issues.
The Nielsen Company (US), LLC v. Newmark & Company Real Estate, Inc. – Deposition testimony concerning Economic Damages (Supreme Court – State of New York County of New York). Case No. 656114/2017. Provided deposition testimony related to damages for alleged breach of a commercial real estate brokerage services agreement.
The Kelly-Springfield Tire Company, a division of The Goodyear Tire & Rubber Company v. Continental General Tire, Inc. – Trial/Deposition testimony concerning Alter Ego/ Solvency (Superior Court – State of California County of Los Angeles). Case No. BC209863. Retained by a tire manufacturer in a dispute involving a retail tire chain and a large commercial customer. Engaged to perform an analysis of accounting, financial, and business operations and records, including transaction tracing, to determine if alter ego indicia existed.
Wolsey Limited v. Foodmaker, Inc. – Trial/Deposition testimony concerning Economic Damages (U.S. District Court Southern District of California). Case No. 96-643 E (JFS). Retained by a Thailand based investment company to compute lost profits and other economic damages related to a breach of a franchise agreement for the development of a number of fast-food restaurants in Hong Kong. The defendant was a large San Diego based international fast-food franchiser.
Joint Venture Entity Joint Venture Entity– Deposition testimony concerning the proper calculation of Gross Profits under Revenue Share Agreement (JAMS – Arbitration Dallas, TX).
Minority Shareholder v. Majority Shareholder, et al. – Arbitration testimony concerning Economic Damages/ Business Valuation/ Accounting/ Alter Ego (Judicial Arbiter Group, Inc. Denver, Colorado).
Buyer v. Seller – Arbitration testimony concerning Earn-Out Dispute/ Reps and Warranties (AAA – Arbitration Wilmington, Delaware).
Sinclair Haberman and Belair Buildings, LLC v. Zoning Board of Appeals of City of Long Beach, et. al. – Trial testimony concerning Economic Damages (Supreme Court – State of New York County of Nassau). Case No. Index no. 1138/2004.
Saint Elizabeth Medical Center, Inc. v. UC Health – Deposition testimony concerning Accounting (United States District Court Eastern District of Kentucky Covington Division). Case No. 2:12-cv-00160.
Buyer v. Insurance Company for Seller – Arbitration/Deposition testimony concerning Accounting (AAA – Arbitration Chicago, Illinois).
Glovia, et al. v. Kwan Byung Lee, et al. – Deposition testimony concerning Economic Damages/ Accounting/ Audit (Superior Court – State of California County of Los Angeles). Case No. BC453618.
Seller v. Buyer – Arbitration testimony concerning Earn-Out Dispute (Arbitration Proceedings at JAMS – Judicial Arbitration and Mediation Services, Inc. New York, New York).
Hunt Lowry v. Aldar Properties PJSC – Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. BC411287.
Broadstream Capital Partners, Inc. v. Penthouse Media Group Inc. – Deposition testimony concerning Economic Damages (U.S. District Court Central District of California). Case No. CV08-1057-VBF(FFMx).
DeKoeyer v. Equinox – Trial/Deposition testimony concerning Economic Damages (Superior Court – State of California Orange County).
Edward Fineman Company, Inc. v. Chart House Enterprises, Inc. – Trial/Deposition testimony concerning Economic Damages (Superior Court – State of California County of San Diego). Case No. 711373.
Joint Venture Entity v. Joint Venture Entity – Deposition testimony concerning Economic Damages (AAA – Arbitration Orange County, California).
Lane v. Lane – Trial testimony concerning Economic Damages (Superior Court – State of California County of San Bernardino). Case No. SBFL28820.
Company v. Employee – Deposition testimony concerning Economic Damages (AAA – Arbitration Los Angeles, California).
Gerald E. Dalrymple, M.D., Dalrymple, M.D., Inc. v. Primedex Health Systems, Inc., Howard Berger, M.D., et al. – Trial/Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. SC 047-526.
People (Riverside District Attorney) v. Patty Elliot Marquez – Trial testimony concerning Accounting/ Audit (Superior Court – State of California
County of Riverside). Case No. RIF71689.
Jerry Steward v. Falcon Cable Holding Group, L.P. – Deposition testimony concerning Economic Damages (U.S. District Court Eastern District of Missouri). Case No. 4:98CV00349TCM.
Tom Dekker v. Topcon American Corporation – Trial/Deposition testimony concerning Economic Damages (Superior Court – State of California County of Orange). Case No. 794137.
Cacique, Inc., et al. v. Stella Foods, Inc. et al. – Trial testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. BC081395.
Billy Anderson, dba Bill Anderson Distributing, et al. v. Tropicana Products, Inc. et al. – Deposition testimony concerning Bankruptcy/ Accounting (U.S. District Court Central District of California). Case No. SA CV99-352 GLT.
Rober Plumley v. Doug Mockett and Company, Inc. – Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. BC189247.
Sarkis Sayadian v. Jacobson, White, Diamond & Bordy, et al. – Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. BC 209 900.
Geothermal Energy & Mineral Corporation (“GEMCOR”) v. MAGMA Land Company I, et al. – Deposition testimony concerning Economic Damages (Superior Court – State of California Count of Imperial). Case No. 91640.
D. Lincoln, Inc. v. Standard Car Truck Company, Standard Research and Design Corp., et al. – Deposition testimony concerning Economic Damages (Superior Court – State of California County of Orange, Central Justice Center). Case No. 813 290.
Kennilworth Partners II L.P. v. Craig D. Crisman, et al. – Trial/Deposition testimony concerning Accounting (Superior Court – State of California County of San Francisco). Case No. 313497.
James Benson v. Kwikset Corporation – Deposition testimony concerning Accounting/ Audit (Superior Court – State of California County of Orange). Case No. 00CC01275.
Gail Allen v. Wallace B. Hansen, et al. – Deposition testimony concerning Alter Ego/ Accounting/ Audit (Superior Court – State of California County of Los Angeles). Case No. BC235680.
Lithographix, Inc. v. Chad Good – Trial/Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. GIC769431.
Federal Insurance Company v. Ian H. Graham – Deposition testimony concerning Accounting/ Audit (U.S. District Court District of New Jersey). Case No. 00-622 (MLC).
Pointe San Diego Residential Community L.P., et al. v. W.W.I. Properties, LLC, et al. – Deposition testimony concerning Accounting/ Audit (Superior Court – State of California County of San Diego). Case No. 726145.
WorldWide Church of God v. Philadelphia Church of God, Inc. – Deposition testimony concerning Economic Damages (U.S. District Court Central District of California). Case No. CV 97-5306-CAS
National Rural Telecommunications Cooperative v. Directv, Inc., et al. – Trial/Deposition testimony concerning Economic Damages/ Accounting/ Audit (U.S. District Court Central District of California). Case No. CV 99-05666 LGB.
Nordell International Resources LTD v. Amerada Hess Corporation; Triton Energy Corporation, et al. – Deposition testimony concerning Economic Damages (U.S. District Court Central District of California Western Division). Case No. CV 97-7146 R (XCt).
Key3Media Group, Inc. v. Commerce & Industry Insurance Company – Deposition testimony concerning Economic Damages (Superior Court – State of California County of Los Angeles). Case No. BC 278 751.

Troy Dahlberg earns widespread endorsements for his top-tier forensic accounting practice advising domestic and international clients in complex commercial disputes.
Lexology Index - Commercial Litigation - Thought Leader

Background

Troy was a senior partner in KPMG’s Forensic Accounting, Investigations and Disputes practice and the national lead Partner for KPMG’s M&A Disputes Practice for over a decade. He has had a career-long focus working with counsel, audit committees, corporations and governmental entities to provide forensic accounting, auditing, analysis, and dispute related services. This has included leading numerous engagements related to forensic investigations, financial restatements, and economic damages as well as disputes relating to both joint venture and mergers and acquisitions matters.

Troy is a certified public accountant in New York and California and a member of the State Bar of California. He is a member of the American Institute of Certified Public Accountants and is certified in financial forensics and accredited in business valuation. He co-authored practice aids by the AICPA on dispute matters regarding mergers and acquisitions and representations and warranties insurance claims.