Corporate Trust Expert in Indentured Bonds

Case Description:

A corporate trust expert in indentured bonds was needed for a class action suit. The plaintiffs were purchasers of bonds. The defendant, a provider of financial services, had served as the indentured trustee for the bonds. When the bond issuer defaulted on the bonds and refused to pay plaintiffs the principle balance and interest, they filed suit against the defendant alleging violation of indenture, improper authentication of bonds and breach of fiduciary duty.

IMS ExpertServices was asked to place a corporate trust expert who had experience acting as an indentured bond trustee. The expert was asked to review the operative agreements and opine as to the duties and non-duties of an indentured bond trustee.

Experts Presented:

  • Corporate Trust Expert

    This corporate trust expert has more than 40 years of experience in the corporate trust field. Before his retirement, he was the head of corporate trust for one of the leading providers of loan agency programs and corporate trust services for asset-backed securities in the world. He was responsible for over $8 billion of cash and securities on deposit. Since retiring, this expert has consulted on three corporate trust and indentured bond matters, including one involving allegations that an indentured trustee failed to perform its duties under an indenture. IMS Reference #5009285

  • Corporate Operations Expert

    This corporate operations expert has been involved in the corporate trust sector since the mid-80’s. Having received both his bachelor’s and master’s degrees in political science, he began his career in the financial services industry as a consultant. He advanced within the company, holding regional management and senior vice president positions. As vice president, he implemented marketing, strategic sales, and process improvement plans in order to grow the company’s profits and product lines. IMS Reference #500918

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Industry: All, Banking, Corporate, Finance