Distressed Debt Trading Expert with LSTA Knowledge

Case Description:

A distressed debt expert with LSTA knowledge and bank debt experience was needed for a breach of contract case. The parties entered into an oral trade agreement that was later confirmed in writing. After the plaintiff initiated due diligence, the defendant terminated the trade. The plaintiff sued for breach of contract, citing the conventions of the distressed debt market, which, it claimed, do not allow unilateral termination of a trade, and where the sort of due diligence it engaged in is common.

IMS ExpertServices was asked to locate a distressed debt expert with knowledge of the Loan Syndications and Trading Association, or LSTA, documentation. The most important criterion was familiarity with the customs and practice of the distressed debt market, including due diligence standards, and the processes used to close transactions in the distressed market.

Experts Presented:

  • Securities Expert

    This expert in distressed debt currently works as managing director of public trading. Her employer is an Affiliate Member of the Loan Syndications and Trading Association. This expert has more than ten years of experience as a distressed debt trader at a number of firms. IMS Reference #5016212

  • Securities Expert

    This distressed debt expert is a former employee of a firm that’s a full member of the LSTA. He was co-leader of the distressed debt effort at that organization. He also served as head of the investment evaluation team formulating a distressed debt strategy with his current employer. This expert has an M.B.A. from UCLA and is a Certified Public Accountant. IMS Reference #5016199

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