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

Business Valuation UpdateVol. 20 No. 8
Legal and Court Case Update
August 2014

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4841 Cable and Other Pay Television Services
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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
May 6, 2014
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.

See Also

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

Full Text of Court Cases
May 6, 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.