Chris Sullivan Acts as Expert Witness in Dakota Access Pipeline Case
Interface Consulting International Inc., a B. Riley
company, announced
that Chris Sullivan's expert
testimony supported Energy Transfer's claims that the company incurred
additional unplanned construction costs due to the violent protests and vandalism against the
Dakota Access Pipeline.
Interface Consulting was engaged to review the various
change orders agreed to between Energy Transfer and their pipeline construction
contractors as well as quantify the additional construction costs due to the
Dakota Access Pipeline protests. In the end, Interface Consulting's team was
able to identify $14.6 million in additional construction costs.
It was concluded that damages stemmed from the cost to
repair vandalized construction equipment and pipeline components, contractor
standby charges, contractor move around costs, the cost for additional fencing,
and the cost of hiring additional security personnel.
"I'm proud that our efforts helped achieve a favorable
result, ensuring our client was fairly compensated for the significant impact
these challenges had on their project," said Chris Sullivan. "Our thorough
analysis and testimony enabled us to present a clear and compelling case to the
court that supported our client's claims."
"This case underscores the critical role of meticulous
analysis in complex construction disputes," said Ian Ratner, CEO
of B. Riley Advisory Services. "Our team's detailed review of change
orders and quantification of additional costs allowed us to clearly demonstrate
the financial impact of delays and disruptions."
About Interface Consulting
Interface Consulting is a leading construction consulting
firm providing a portfolio of professional support services, including claims
management and analysis, project advisory, and litigation and arbitration
support, to a wide range of clients involved in the engineering and
construction process. For more information, visit www.interface-consulting.com.
About B. Riley Advisory Services
B. Riley Advisory Services is a leading provider of
specialty business advisory services that works with law firms, lenders,
private equity sponsors, and companies of all types on business challenges such
as planning and executing a major acquisition or divestiture, pursuing a fraud
investigation or corporate litigation, or managing through a business crisis or
bankruptcy. The firm offers a unique mix of appraisal services including
asset-based lending (ABL) valuations, restructuring and turnaround management,
forensic accounting and litigation support, and transaction support services
including due diligence and quality of earnings reviews. For more information,
visit www.brileyadvisoryservices.com.
About B. Riley Financial
B. Riley Financial (Nasdaq: RILY) is a diversified financial
services platform that delivers tailored solutions to meet the strategic,
operational, and capital needs of its clients and partners. B. Riley leverages
cross-platform expertise to provide clients with full service, collaborative
solutions at every stage of the business life cycle. Through its affiliated
subsidiaries, B. Riley provides end-to-end financial services across investment
banking, institutional brokerage, private wealth and investment management,
financial consulting, corporate restructuring, operations management, risk and
compliance, due diligence, forensic accounting, litigation support, appraisal
and valuation, auction, and liquidation services. B. Riley opportunistically
invests to benefit its shareholders, and certain affiliates originate and
underwrite senior secured loans for asset-rich companies.
B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com and follow us on LinkedIn and on X (formerly known as Twitter).