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

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4841 Cable and Other Pay Television Services
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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.)
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See Also

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

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.

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