Elene Karanicolas

Biography

Elene Karanicolas is a Managing Director at Ankura, based in New York. She has over 24 years of experience in forensic accounting, corporate investigations, litigation consulting, and expert witness matters. She is highly experienced in serving as a neutral arbitrator and advisor on disputes related to post-closing purchase price adjustments, representations and warranties, and other types of M&A disputes.

Elene’s litigation and investigation experience includes:

Litigation Experience

• Led over 100 buy/sell and arbitration matters, including preparing closing statements, analysis of accounting issues and strategizing, and developing statements of positions for presentation to arbitrators. Buy/sell matters have included advising clients on crafting purchase price adjustment provisions including working capital and earn-out provisions for merger and acquisition agreements.
• Buy/sell matters have included neutral arbitrations matters involving making a binding determination on complex purchase price adjustment disputes and earn-out disputes. Examples of accounting items at issue included valuation of inventory, inventory obsolescence, bad debt reserves, accruals for incentive compensation, accruals for deferred revenue, prepaid expenses, accruals for workers compensation, capitalization of software, unrecorded liabilities, accounting for long term contracts, and income tax liabilities. Other issues handled during arbitration matters related to discovery, breach of representation, and fraud claims.  

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