Bankruptcy Court Calls Choice of Comparables ‘Key Value Driver’ in Expert Valuations

BVLaw
Court Case Digests
December 5, 2019

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1481 Nonmetallic Minerals Services Except Fuels
213115 Support Activities for Nonmetallic Minerals (except Fuels) Mining
bankruptcy
expert testimony, discounted cash flow (DCF), reorganization, comparable companies method
In re Emerge Energy Services LP
2019 Bankr. LEXIS 3717
US
Federal Court
Delaware
United States Bankruptcy Court
Adam Dunayer, Houlihan, Lokey (debtor); Matthew Rodrigue, Miller Buckfire & Co. (unsecured creditors committee)
Owens

Summary

Ruling on plan confirmation, Bankruptcy Court finds debtor expert’s determination of total enterprise value of reorganized debtor more credible than committee for unsecured creditors’ expert; in adopting debtor expert’s comparable company analysis, court calls choice of comparables set a “key value driver.”

See Also

In re Emerge Energy Services LP

Full Text of Court Cases
December 5, 2019

Ruling on plan confirmation, Bankruptcy Court finds debtor expert’s determination of total enterprise value of reorganized debtor more credible than unsecured creditors’ expert; in adopting debtor expert’s comparable company analysis, court calls choice of comparables set a “key value driver.”