Expert Solvency Opinions Accused of ‘Hindsight Bias’

Business Valuation UpdateVol. 15 No. 6
Legal and Court Case Update
June 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.)
March 17, 2009
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.

See Also

LaSalle National Bank Association v. Paloian

Full Text of Court Cases
March 17, 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.