In a bankruptcy, financial projections play a significant role in many different aspects of the process. In many cases, the Court’s preference is to rely on management’s projections, as management usually has vast experience within the company. However, there are instances where projections produced by a company’s management are not reliable....
The Michel-Shaked Group, led by Stephen Kempainen, together with affiliated expert Valerie Davisson, provided consulting and expert testimony regarding disclosures made by solar panel manufacturer First Solar, Inc. (Nasdaq: FSLR). After years of litigation and shortly before the trial was to commence, First Solar agreed to pay $350 million to settle the class action lawsuit....
This week, Israel Shaked and Paul Dionne had the privilege of presenting to the Securities Litigation Committee of the New York City Bar Association. The presentation focused on key issues related to the cross examination of a financial expert in a securities litigation....
This week, Israel Shaked and Paul Dionne had the privilege of presenting to the Securities Litigation Committee of the New York City Bar Association. The presentation focused on key issues related to the cross examination of a financial expert in a securities litigation....
In a bankruptcy, financial projections play a significant role in many different aspects of the process. In many cases, the Court’s preference is to rely on management’s projections, as management usually has vast experience within the company. However, there are instances where projections produced by a company’s management are not reliable....
The Michel-Shaked Group’s Israel Shaked (Managing Director) and Paul Dionne (Manager) discuss what quantitative bankruptcy prediction models are and how the discretion given to the financial expert applying these methodologies can lead to the abuse of the models in both bankruptcy and tax litigation settings....