Stephen Buffo provides financial and economic damages advisory services to litigators and in-house counsel in complex commercial litigation and business dispute matters.

Steve has more than 25 years of consulting experience, and has been qualified as an expert witness on commercial contract disputes, intellectual property and infringement matters, mass tort and class action matters, and anti-competitive behavior matters including antitrust, unfair competition, tortious interference, and false advertising. He has employed financial, economic, accounting, and statistical analyses including lost profits, price erosion, disgorgement, reasonable royalty, convoyed sales, costs to correct, costs to mitigate, discounted cash flows, prejudgment interest, present-value discounting, incremental costs, capacity assessments, overhead allocations, market share analyses, and business valuation and related methodologies. He has utilized and testified on methods of applied statistics including regression analysis and stratified random sampling.

Prior to joining Stout, Steve worked for Ernst & Young, where he also advised clients on a range of other forensic accounting and related services, including the investigation of Foreign Corrupt Practices Act violations as well as the development and implementation of corporate compliance programs and related governance and risk management issues.

Select Publications

  • Litigation Services Handbook: The Role of the Financial Expert, Fifth Edition May 2012

    Co-author of Chapter 2 (“Serving as a Financial Expert in Litigation”) and Chapter 16 (“Punitive Damages”)
  • Ernst & Young LLP June 2011

    Competing for your employees’ hearts and minds: What to do given the whistleblower provisions of the Dodd Frank Act

Select Presentations and Speeches

  • Thompson Hine June 2015

    Business Succession Planning and Ownership Disputes: Putting a Price on the Exit Strategy
  • CFA Society of Cleveland May 2015

    We Are Never Getting Back Together: Disputes Between Owners in Closely-Held Businesses
  • Cleveland Intellectual Property Law Association and the Northern & Central Ohio Licensing Executives Society February 2015

    Reasonable Royalties and Licensing Law Update
  • Ohio Association of Civil Trial Attorneys, Business & Commercial Litigation Seminar August 2014

    How to Review a Valuation Report
  • Financial Poise Webinar June 2014 Webinar

    All About Business Valuations: Valuing Lost Profits for Litigation Purposes
  • Ohio State Bar Association May 2014

    Damage to People; Damage to Business – How Do You Prove It?
  • Federal Bar Association Northern District of Ohio Chapter April 2013

    Commercial Damages 101