Experts Left ‘in the Dark’ By Deliberately Manipulated Management Projectionsb

Business Valuation UpdateVol. 13 No. 4
Legal and Court Case Update
April 2007
2099 Food Preparations, NEC
311999 All Other Miscellaneous Food Manufacturing
bankruptcy

In re Nellson Nutraceutical (II)
2007 Bankr. LEXIS 99
January 18, 2007
US
Federal Court
Delaware
United States Bankruptcy Court
Margaret B. Whiteman
Richard Braun, ASA (Official Committee); William Hardie (Informal Committee), and Russell Belinsky (secured creditor)
Sontchi

Summary

Management deliberately manipulates projections, without experts’ knowledge; court determines enterprise value nonetheless, adjusting and weighting reports.

See Also

In re Nellson Nutraceutical (II)

Management deliberately manipulates projections, without experts’ knowledge; court determines enterprise value nonetheless, adjusting and weighting reports.