In re Flashcom, Inc.

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Full Text of Court Cases
December 4, 2013
4822 Telegraph and Other Message Communications
517911 Telecommunications Resellers
condemnation

In re Flashcom, Inc.
2013 U.S. Dist. LEXIS 171266
US
Federal Court
California
United States District Court
David Hahn (trustee-appellant); Randy Sugarman (defendants-appellees)
Olguin

Summary

District court says trustee expert’s failure to value the debtor company as a going concern meant the trustee did not prove insolvency; and, the expert improperly relied on GAAP in assessing assets and liabilities, which though relevant, are not controlli ...
In re Flashcom, Inc.
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See Also

GAAP ‘Relevant,’ But ‘Not Controlling’ in Solvency Analysis

District court says trustee expert’s failure to value the debtor company as a going concern meant the trustee did not prove insolvency; and, the expert improperly relied on GAAP in assessing assets and liabilities, which though relevant, are not controlli ...

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Business Valuation & Bankruptcy Compendium