Insolvency Expert in Revenue Bonds

Case Description:

An insolvency expert in revenue bonds was needed for a securities case. The plaintiffs were bondholders who held revenue bonds that had been issued by the defendants to finance acquisition of a medical facility and pay for related expenses. When the facility became insolvent and defendants announced it would close, plaintiffs alleged that the defendants’ negligence, mismanagement, breaches of contract, and breaches of fiduciary duty led to the bonds having little or no value.

IMS ExpertServices was asked to locate experts in high risk revenue bonds who could opine on insolvency issues. An expert who had written about deepening insolvency, or someone who had worked in turnaround management, would be considered a strong candidate. Someone with prior testimony experience in bankruptcy litigation was also preferred.

Experts Presented:

  • Financial Analysis Expert

    This insolvency expert has more than 30 years of experience as a senior financial professional at a number of leading financial services firms. He has been extensively involved in turnarounds, workouts, and bankruptcies and has published and lectured widely on insolvency, turnarounds, valuations and bankruptcies. This expert served on the Turnaround Management Association and the Bankruptcy and Insolvency Committee of the New York State Society of CPAs. He is a trustee and examiner for the U.S. Bankruptcy Court who has rendered expert witness solvency and insolvency opinions via deposition and trial testimony. IMS Reference #5011608

  • Insolvency Expert

    This insolvency expert has over 15 years of experience providing consultation on bankruptcy and insolvency matters regarding operational, strategic and financial issues. He has worked on corporate restructuring, corporate renewal, and turnaround operations. His insolvency expertise includes diagnosing causes of failure, developing and implementing financial recovery and assisting in preparation of business plans. He has advised clients in the healthcare industry during bankruptcies and emergence from bankruptcy. This expert is a Certified Turnaround Professional, a Certified Insolvency and Restructuring Advisor and a CPA who has provided declarations on bankruptcy matters for a number of healthcare industry clients. IMS Reference #5011597

  • Bankruptcy Expert

    This insolvency expert has more than 20 years of bankruptcy and restructuring experience. He has participated in more than 50 successful turnaround engagements in a variety of industries including energy, telecommunications and healthcare. He recently served as CFO for several $300 million-plus companies during Chapter 11 proceedings and restructuring. In one recent instance, he engineered the sale of the corporation after leading it back to profitability, increasing shareholder value by more than 250%. This expert is a CPA, a Certified Turnaround Professional and a Certified Insolvency and Reorganization Advisor who has served offered deposition and trial testimony as an expert witness on multiple occasions. IMS Reference #5011609

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