Tom Garvey is a director with Baker Tilly’s forensic, litigation and valuation services practice. He is an experienced forensic accountant and is well versed in measuring economic damages for companies of all sizes. Tom works with both insurers and lawyers to quantify losses in business interruption, loss of profits, personal injury and property damage claims. He has also worked on several investigations to confirm and quantify fraudulent activities.
Tom appreciates the complexity and uniqueness of each business and claim and enjoys the intersection of traditional accounting and investigative techniques.
- Measuring damages following the delay of a construction project due to architectural disputes and insufficient work being completed by contractors. The firm calculated the damages that would have been the responsibility of our client’s client, had they been the liable party. Multiple damage models were presented for the several different areas where increased costs were incurred
- Calculating the business interruption damages incurred when a printer manufacturer’s supply chain was impacted following flooding in Thailand in 2011. The company’s manufacturing and shipping processes had to be modified which resulted in efficiencies and inefficiencies that had to be measured
- Quantifying and assessing losses sustained when a longtime employee was found to have been misappropriating payroll funds over several years. Analyzed payroll records and direct deposit account numbers and interviewed key personnel within the company as well as the company’s auditors. Funds that were diverted to the subject employee’s account were quantified, along with the corresponding payroll taxes incurred by the company and found to be over $1 million
- Measuring business interruption damages resulting from a loss of production for a Fortune 100 manufacturing company. This involved analyzing detailed production, sales and cost reporting information as well as the review of inventory on-hand related to current and new product offerings
- Quantified damages in a product liability matter involving agricultural growing materials. The project involved reviewing extensive records for each of the growing operations, including crop reports outlining planting dates, harvest dates, types and frequency of fertilization, the manner of irrigation used, etc. We also reviewed yield reports, pricing data based upon location, USDA statistics, etc. The project included working with the individual owners of the commercial growing operations, agricultural experts and representatives of farm service agencies for the various states
- Quantified and assessed damages incurred when a major food manufacturer’s production process was interrupted due to the effects of a major weather event. A detailed analysis was required, by the individual items impacted, to determine the adequacy of the inventory levels in relation to the production and sales demands of the product. An analysis of the detailed cost components to manufacture each product was also utilized to determine the lost profits to the business
- Calculated damages for a large paper manufacturing company resulting from a loss of power. This matter necessitated the analysis of multiple manufacturing locations and each location’s impact on the downstream sales of the business. The project involved analyzing inventory levels throughout the organization, sales volumes and demands from customers, as well as the detailed cost components related to various revenue streams to determine losses incurred from the production downtime, as well as incremental costs related to outsourcing and expediting fees
- American Institute of Certified Public Accountants, member
- Association of Certified Fraud Examiners, member
- Illinois CPA Society, member
- Tom has assisted in the preparation of expert accounting evidence and has given testimony in deposition and at trial. Tom has also served as a mock trial expert witness at the International Association of Defense Counsel’s Trial Academy at Stanford Law and the Illinois Association of Defense Trial Counsel