Adelphia Recovery Trust v. FPL Group, Inc. (In re Adelphia Corp.)

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May 6, 2014

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bankruptcy
weighted average cost of capital (WACC), comparable companies analysis, discounted cash flow (DCF), market-based approach, solvency, fraudulent transfer, projections, redemption, precedent transactions analysis, risk premium, stock buyback
Adelphia Recovery Trust v. FPL Group, Inc. (In re Adelphia Corp.)
2014 Bankr. LEXIS 2011
US
Federal Court
New York
United States Bankruptcy Court
Israel Shaked, Michael-Shaked Group (recovery trust); Ralph Tuliano, Mesirow Financial Consulting (defendants)
Gerber

Summary

Court finds trust failed to prove insolvency; its expert’s use of DCF alone was inappropriate where there were no cash flow projections untainted by fraud, but competing expert’s market-based approach and value per subscriber analysis were solid.
Adelphia Recovery Trust v. FPL Group, Inc. (In re Adelphia Corp.)
PDF, Size: 343 KB

See Also

Court Finds Facts Back Expert’s Value-Per-Subscriber Metric

Legal and Court Case Update
August 2014

Court finds trust failed to prove insolvency; its expert’s use of DCF alone was inappropriate where there were no cash flow projections untainted by fraud, but competing expert’s market-based approach and value per subscriber analysis were solid.

This article also appears in:
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