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Intellectual Property Damages Expert Witness Sidney Blum

Sidney P. Blum, CPA, CFE, CPEA, CFF
2017 CA - CPA of the Year
Los Angeles CA USA
phone: 818-631-3192
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Sidney P. Blum, CPA, CFE, CPEA, CFF has over 30 years of professional experience in the areas of Forensic Accounting, Intellectual Property Economic Damages, Royalty Audits, and General Economic Damages. 2017 California CPA of the Year & 2012 Certified Fraud Examiner of the Year.

Background - Mr. Blum is a financial damages expert witness with particular strength in patents, trademarks, copyrights, toys, entertainment and consumer products. He served as Chief Audit Officer at Beats Electronics, approximately nine years as an accounting firm Partner including five as a Big 4 Partner, and in-house experience with Fortune 50 companies Occidental Petroleum, Unocal, and the Walt Disney Company where he was a member of the internal audit departments. While with Ernst & Young, he led fraud and forensic investigations nationally for their internal audit practice.

He is Vice Chair of the 2016-2017 Board of Regents of the 75,000 member Association of Certified Fraud Examiners. Having lead more than 1,500 forensic investigations, The Association named Mr. Blum Certified Fraud Examiner of the Year in 2012.

Litigation Support - As a Financial and Economic Damages expert witness, Mr. Blum has worked on matters from simple to more than $100 million complex litigations. He has testified on more than 30 occasions, equally for plaintiffs and defendants, in a wide variety of State, Federal, and USITC matters. Mr. Blum is a Certified Fraud Examiner, Certified Professional Environmental Auditor, and Certified in Financial Forensics by the AICPA.

Areas of Expertise:
  • Complex Financial Litigation
  • Patents
  • Copyrights
  • Trademarks
  • False Advertising
  • Accountant Malpractice
  • Royalty Auditor Competence
  • Royalty Disputes
  • Wrongful Termination
  • Construction Defect
  • Film Distribution
  • Unfair Competition
  • Oil & Gas Pipelines
  • Personal Injury
  • Product Liability
  • Breach of Contract
  • Business Interuption
  • Class Action
  • Lanham Act
  • Trusts & Estates
  • USITC
  • DMCA
  • 9/13/2016 · Accounting
    Royalty auditing is a niche service that has exploded in popularity over the last 20 years. The primary purpose of a royalty audit is to test whether a licensee has complied with a license agreement or statutory requirement. The royalty auditor is hired by an intellectual property owner (aka, licensor) or minerals owner to inspect the books and records of a licensee primarily to determine if usage-based monetary amounts have been paid as contractually required. In addition to monetary damage calculations, most royalty audits examine for breach of contract in a wide variety of areas, such as intellectual property protection, record keeping, distribution channels, and permitted usage.

    Sidney P. Blum
    This book navigates readers through the nuances of drafting the best possible financial terms for license and other self-reporting agreements and shows how proper monitoring and auditing should occur once a deal is in place. The 2014 Edition includes updated information on how to properly write the financial aspects of royalty contracts to protect the licensor, licensee, and other concerned parties. Additional sample terms and "real-world" agreements have also been included.
    Sidney P. Blum
    This book navigates the nuances of drafting financial terms for license and other self-reporting agreements and shows how proper monitoring and auditing should occur once a deal is in place. This book will modernize and remold how agreements are written and will greatly enhance the bottom line of licensors and other contractors. Lawyers involved in drafting license and other self-reporting contracts typically understand boilerplate provisions but not the financial nuances that are subject to high degrees of interpretation that eventually costs their clients significant money and business relationships.