Lack of Facts and Data Render Expert’s Fair Value Balance Sheet Not Helpful

BVLaw
Court Case Digests
August 2, 2018
bankruptcy
daubert, expert testimony, fair value, asset approach, rule 702, fair market value, solvency, relevant, book value, valuation date, balance sheet, chapter 7 bankruptcy, debtor, expert qualifications

Weinman v. Crowley (In re Blair)
2018 Bank. LEXIS 2281
US
Federal Court
Federal
United States Bankruptcy Court
Mark Dennis (trustee/plaintiff); unknown (defendants)
McNamara

Summary

Bankruptcy Court excludes as unreliable and irrelevant expert’s solvency opinion and balance sheet; court says expert lacked the facts and data necessary to enact his chosen method and “failed in numerous ways” to reliably apply the facts and data in accordance with the selected method.

See Also

Weinman v. Crowley (In re Blair)

Bankruptcy Court excludes as unreliable and irrelevant expert’s solvency opinion and balance sheet; court says expert lacked the facts and data necessary to enact his chosen method and “failed in numerous ways” to reliably apply the facts and data in accordance with the selected method.