LaSalle National Bank Association v. Paloian

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March 17, 2009

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8062 General Medical and Surgical Hospitals
622110 General Medical and Surgical Hospitals
bankruptcy
LaSalle National Bank Association v. Paloian
2009 WL 721510 (N. D. Ill.)
US
Federal Court
Illinois
United States District Court
Michael Lane and Scott Peltz (trustee); Thomas Blake (defendant bank)
Pallmeyer

Summary

Federal district court reviews bankruptcy decision for hindsight bias in determining insolvency, including expert opinions that allegedly used inflated company-specific risk premium, improper tax affecting, and ignored contemporaneous market data.
LaSalle National Bank Association v. Paloian
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See Also

Expert Solvency Opinions Accused of ‘Hindsight Bias’

Legal and Court Case Update
June 2009

Federal district court reviews bankruptcy decision for hindsight bias in determining insolvency, including expert opinions that allegedly used inflated company-specific risk premium, improper tax affecting, and ignored contemporaneous market data.

This article also appears in:
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