Insights

November 18, 2024
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The Michel-Shaked Group’s Luka Miladinovic and Brad Orelowitz published an article in the November 2024 issue of the American Bankruptcy Institute Journal discussing common valuation mistakes related to the Discounted Cash Flow methodology. The authors describe how seemingly trivial mistakes made during valuation can lead to drastic changes in a derived value of a company or an asset. Also, they provide a framework that could be utilized to prevent common valuation errors....

October 16, 2023
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The Michel-Shaked Group’s Israel Shaked and Paul Dionne published Part I of a two-part article in the September 2023 issue of the American Bankruptcy Institute Journal which discussed the changes, if any, in the field of corporate valuation as a result of the pandemic. Specifically, this article focused on the discounted cash flow (DCF) method and how it may have been changed across the pre-pandemic, pandemic and post-pandemic time periods....

September 29, 2023
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The Michel-Shaked Group’s Israel Shaked and Paul Dionne published Part I of a two-part article in the September 2023 issue of the American Bankruptcy Institute Journal which discussed the changes, if any, in the field of corporate valuation as a result of the pandemic. Specifically, this article focused on the discounted cash flow (DCF) method and how it may have been changed across the pre-pandemic, pandemic and post-pandemic time periods....

June 16, 2023
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The Michel-Shaked Group provided consulting and rebuttal expert testimony in the Diamond Sports Group (Diamond) bankruptcy proceeding. Diamond argued that the contract rates for local broadcasting rights between the Four MLB Teams and Diamond were unreasonable. Following a two-day bench trial in the United States Bankruptcy Court for the Southern District of Texas, Bankruptcy Judge Christopher Lopez ruled in favor of MLB and the teams, determining that that the contract rates were reasonable. ...

April 06, 2022
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The Michel-Shaked Group’s Israel Shaked, and Brad Orelowitz published an article in the February 2022 issue of the American Bankruptcy Institute Journal discussing beta, the measure of a company’s systematic risk, and its application to valuation. The article describes how to calculate beta and situations where accurately determining this metric may require extra attention, such as highly distressed companies, recent IPOs, private companies, and instances of extreme economic volatility....

August 10, 2021
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Retained by the Official Committee of Unsecured Creditors of Chesapeake Energy Corporation, The Michel-Shaked Group led by Israel Shaked and Stephen Kempainen, provided consulting and expert testimony regarding the valuation of Chesapeake Energy Corporation upon the company’s expected emergence from bankruptcy. The case was tried in the United States Bankruptcy Court for the Southern District of Texas before Judge David Jones. ...