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Bankruptcy, restructuring, and solvency
Developed, structured, and directed damages
analyses and valuations of the loss of enterprise value, and of
the lost growth opportunities, suffered by a privately held
manufacturing subsidiary of a publicly traded, multi-billion
dollar international conglomerate, as a consequence of insurance
company failure to provide insurance payments for asbestos
liability indemnification and defense costs
Oversaw the preparation of solvency analyses to refute a
fraudulent conveyance suit brought by institutional investors
against an acquirer. Focused on whether the subject firm was
solvent, adequately capitalized, and able to repay its debts
as they matured based on balance sheet, adequate capital,
and cash-flow tests.
Managed the development and administration of the business
plan for a $1.5 billion asset business group. Participated in
restructuring of operations to reduce annual operating costs by
$200 million. Planned and controlled the execution of, and accounting
for, the annual physical inventory, the monthly close of the general
ledger, and the conversion of the general ledger system software to
a new platform.
Prepared solvency analyses to counter insurer claims associated
with asbestos liabilities in the European run-off market. Analyses
focused on industry and insurer financial position, operating results,
current and prospective liabilities, sources of funding, payout trends,
and invocation of proportionate cover.
Prepared comparable company analyses focusing on operating results,
financial position, and Z-scores to refute claims of financial failure and
irreparable harm due to unfair competition
Managed the analysis of corporate financial position and debt
capacity, focusing on industry and firm-specific capital structure,
solvency, liquidity, and profitability. Drafted data, information,
and document requests; evaluated debt and equity financing agreement
terms and covenants; oversaw preparation of pro-forma financial models
and sensitivity analyses. Deliverables aided in reversal of
multibillion dollar judgment in largest government breach of contract
case in U.S. history.