Financial Restructuring Expert in Judgments and Indebtedness
Case Description:
A financial restructuring expert in judgments and indebtedness was needed for a case seeking recovery of economic damages. The defendant was a real estate developer whose investments faltered during the savings & loan industry crisis of the late 1980s. At that time a judgment was filed against the defendant. The defendant understood the matter to be settled when the payment was made. The plaintiff subsequently souught economic damages, claiming that a substantial payment was still owed.
IMS ExpertServices was asked to search for a financial restructuring expert with hands-on experience negotiating workouts and restructurings after the savings & loan crisis of the late 1980s. Knowledge of financial litigation and financial restructuring processes used by the Resolution Trust Corporation, or RTC; of JDC, or Judgments, Deficiencies and Charge-offs, processes; or experience with the FDIC was considered especially pertinent.
Experts Presented:
Restructuring
This financial restructuring expert has over 30 years of experience in banking, finance, credit and leasing. Currently he works in international banking, improving credit access for small enterprises in developing countries. Previously he spent ten years in commercial banking, where he accrued financial litigation consulting experience with the FDIC and RTC. During the savings & loan crisis, he managed and sold troubled banks, restructuring more than 25 government-controlled banks. This expert managed subsidiaries of failed savings and loans, recovered liquidated assets, and brokered restructured loan settlements.IMS Reference #5032130
Financial Analyst
This financial restructuring expert has more than 20 years of experience as a real estate appraiser, developer and broker. During the S & L crisis of the 1980s, he offered real estate appraisal and loan valuation services to the Resolution Trust Corporation, the FDIC, and the Federal National Mortgage Association. His areas of financial analyst expertise include commercial property development, feasibility analysis, valuations, and restructurings. He has previous experience as an expert real estate appraisal and valuation witness.IMS Reference #5032809
Restructuring
This financial restructuring expert is a financial litigation attorney specializing in corporate, securities and banking litigation. He served as an enforcement attorney with the Securities and Exchange Commission and with the RTC. He has published and taught on topics including securities litigation, corporate governance, financial regulation, and the Sarbanes-Oxley Act.IMS Reference #5032585
