In re Flashcom, Inc.

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December 4, 2013

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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.
PDF, Size: 156 KB

See Also

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

Legal and Court Case Update
March 2014

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 ...

This article also appears in:
Business Valuation & Bankruptcy Compendium, Third Edition