Litigation Support, Financial, Economic, Valuation Services
Lehrer Financial and Economic Advisory Services
Houston, Texas 77056
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Dr. Kenneth E. Lehrer offers the following services:
- Business Valuations
Valuations - Business / Pubic and Non Public Company / ESOP – Reports are prepared on a flat fee basis depending upon the size / nature of the organization being valued. For a solo medical practice the flat fee is $5,000 and for a group of physicians the fee is negotiated. Other valuation reports range from ($15,000 - $25,000) and are structured for the business owners to utilize for loans, estate or gift tax purposes or corporate planning.
- Fairness Opinions
Fairness Opinions and the data and reports supporting them are created or structured to allow those with fiduciary responsibility to both fulfill and discharge that responsibility and comply with a wide variety of rules. This includes such rules as the Business Judgment Rule, Due Diligence Analysis and similar rules, in the event the transaction is ever questioned by another in the financial community, Banking or Securities Regulators, or a Court of Law.
- Feasibility Studies
A feasibility study or report is usually undertaken by an independent individual or other third party to determine the strengths and weakness of an existing business organization, a proposed venture or other special opportunity. Two solid examples of feasibility studies were – a) the question if a proposed hotel in Crested Butte, Colorado would be absorbed into that skiing community and would be profitable in nature, and b) if a proposed Assisted Living Facility just outside of Seattle, Washington would be profitable. Reports here are almost always prepared on a flat fee basis and are structured for the business owner to use the report's output with a financial institution to obtain the necessary financing for their proposed project. The fee includes multiple originals in order for the client / developer to work with several financial institutions at the same time.
- Business Plan Presentations
Reports are usually prepared on a flat fee basis and are structured for the business owner to obtain the necessary financing they are seeking in order to either launch their company and/or enable it to grow. The fee includes fifteen (15) original copies in order for the company to spread their word to a significant number of people at the same time.
- Mortgage Securitization
Dr. Kenneth E. Lehrer is a Certified Forensic Loan Auditor and provides Mortgage Securitization Audit Examinations. Upon engagement, he will track and trace the chain of title for a mortgage from the original closing to the date of the proposed foreclosure. This will provide evidence the mortgage was securitized and is no longer fully owned by the institution seeking the foreclosure, as appropriate. Affidavits can be supplied to assist in preventing a foreclosure as well as live Court testimony, as may be required.
Litigation Support Services
Litigation support studies are prepared for attorneys and law firms on an hourly basis, and range from small personal injury reports to larger and more complex “Daubert” studies that are usually associated with significant business litigation.
Areas of Expertise
Dr. Lehrer has served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas as agent for the Federal Savings and Loan Insurance Corporation of - Acadia Savings and Loan Association, French Market Homestead Savings Association, Twin City Savings, First Savings of Louisiana and is a member of the National Association of Corporate Directors.
On a professional basis, Dr. Lehrer is a Texas State Certified General Real Estate Appraiser (License TX-1337797-G) and is recognized by the National Association of Real Estate Appraisers. Along with his firm, he is a member of - National Association of Business Economists, American Academy of Economic and Financial Experts, American Law and Economics Association, Houston Business Economists, National Forensic Center, National Association of Forensic Economists, American Economic Association, North American Economics and Finance Association, Southern Economic Association, Western Economic Association, International Real Estate Institute and the Finance Club and Money Marketeers, both affiliated with New York University.
Dr. Lehrer is registered with the Securities and Exchange Commission as an Investment Advisor under the Investment Advisors Act of 1940 and has held the Full Registration /General Securities (Series 7) and the Texas Uniform Securities (Series 63) Licenses. He has been listed in all editions of "Who's Who In America" since the 45th edition.
Business Valuations Expert Witness
Economic Damages Litigation Support
Securitized Mortgages Expert Witness
Forensic Economic Damage Studies by Dr. Lehrer
Fairness Opinions Expert Witness
About Dr. Kenneth E. Lehrer, Expert Witness
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Lehrer Financial & Economic Advisory Services
Financial Services industry
1982 – Present
Lehrer Financial & Economic Advisory Services is a full service Economic Consulting Organization located in Houston, Texas. We supply reports, studies and analysis throughout the United States. Our major output and efforts include - Fairness Opinions, Business Valuations, Feasibility Studies, Business Plans and Litigation Support. Our Litigation Support in all State and Federal Courts is in the areas of - Real Estate, Banking, Finance, Economics, Securities, Intellectual Property and Economic Damages.
Adjunct Professor of Economics
University of Phoenix - Houston Campus
Financial Services industry
2004 – Present
A Professor of Economics and Finance to the Graduate and Undergraduate Levels.
Adjunct Professor of Finance
University of Houston, Graduate School of Business Administration
Higher Education industry
1984 – 2002
Served as an Adjunct Professor of Real Estate and Finance to the Graduate and Undergraduate Levels.
The Coventry Development Corporation
Real Estate industry
1973 – 1977
An officer and Corporate Director of the Coventry Development Corporation (New York). Managed extensive real estate holdings in the United States and overseas.
Bankers Trust Company
1970 – 1973
Corporate Lending Officer, specializing in the New York Commercial Real Estate Market.
Texas State Certified General Real Estate Appraiser (License TX-1337797 G)
Retired Adjunct Professor - University of Houston, Graduate School of Business Administration
Texas State Certified General Real Estate Appraiser
National Association of Business Economists
American Academy of Economic and Financial Experts
American Law and Economics Association
Houston Business Economists
National Forensic Center
National Association of Forensic Economists
American Economic Association
North American Economics and Finance Association
Southern Economic Association
Western Economic Association
Finance Club and Money Marketeers- NYU Affiliates
Awards & Honors
Certificate of Distinction - New York University
New York University
Doctorate, Economics / Urban Economics / Real Estate
1972 – 1980
Received, Certificate of Distinction (1980)
New York University
Master of Arts (Economics)
1969 – 1972
New York University
Master of Business Administration (Corporate Banking)
1967 – 1969
New York University
Bachelor of Science (Corporate Finance)
1963 - 1967
Graduate Teaching Fellowship.
New York University - Leonard N. Stern School of Business
Articles Published by Lehrer Financial and Economic Advisory Services
Creating World Certainty Via Petroleum Price Stability
The certainty created by a set price for petroleum should tend to create stability in many other sectors of the economy. Certainty in petroleum pricing should lead to certainty in the industrial sector and to a degree of certainty in the world’s financial sectors, namely less volatility for interest rates and other debt instruments. A higher level of certainty in the financial markets and the petrochemical markets should foster an arena for world growth and stability.Read Article
Inflation and the Middle Class – 2011 Onwards
Most middle class consumers are facing the concept of hard choices, something the baby boomers have not faced in almost thirty (30) years, based in good part via a combination of government entitlements, tax breaks, subsidies and deficit financing. As most of the “low hanging or easy fruit” has been picked, those who now enjoy life via consumption, namely the middle class are going to realize neither they nor any government can spend their way out difficult financial decisions.Read Article
Mortgage Securitization and Foreclosures
One never knows what is going to come out of Congress, as not even Congress truly knows what is going to come out of Congress. Hence, it was a real surprise when Congress tried to extend the concept of home ownership to the lower levels of the overall income earning segment. Subprime lending, namely the granting of mortgage loans to households wherein their total incomes did not qualify for a “standard” or “prime” single family home loan, was clearly an American made “craze”.Read Article
The Petroleum Matter or Mess?
Will the elevated cost of petroleum will turn out to be a blessing or a curse for the United States, especially the nations middle class? Its effects can be broken down into three major categories: direct, indirect and subsequential...Read Article
An Easy Assist for an Overlooked but Tough Group
There are few groups more reliable than the United States military. One could change all of their mottoes to “Again and again - no questions asked.” Those who have served in the military have done so at a solid financial cost. Despite this, the years of the 1950s, 1960s and even into the 1970s were periods with high savings rates, rates that today appear almost unachievable. How did they save so much, seek to enjoy life so fully and raise another generation, the Baby Boomers?Read Article
General Motors Joins Yogi Berra
Even with creative financing, accounting techniques and decreased profit margins, the American automobile industry appears unable to sustain itself and has suffered significant losses, especially in recent years. Given these realities, it would seem prudent to rely upon baseball and the one special feature they have enjoyed via compliments of a United States Supreme Court Decision in 1922, namely exemption under the Antitrust Laws, basically Sherman and Clayton Acts.Read Article
The “Real” Real Estate Situation
While it is true that the National Housing Act of 1930 and other acts and organizations sought to both foster and insulate housing from the overall financial marketplaces, such separation is not limitless. No matter how many special authorities, administrative agencies, or segregated financial institutions are created, in order to supply adequate shelter, the financial instrumentation utilized in the housing market is still an integral part of the overall financial marketplace.Read Article