Should Solvency Valuation Include Ongoing but Undiscovered Fraud?

Business Valuation UpdateVol. 13 No. 10
Legal and Court Case Update
October 2007
8062 General Medical and Surgical Hospitals
622110 General Medical and Surgical Hospitals
fraud

In re Edgewater Medical Center
2007 Bankr. LEXIS 2696
August 15, 2007
US
Federal Court
Illinois
United States Bankruptcy Court
Debra L. Bogo-Ernst, Eric Pearson, Eric. S. Pruitt, Gabriel Aizenberg, Phillip S. Reed, Scott B. Kitei, Scott T. Mendeloff, Sean P. Dailey
John Hartwig and Patrick McNally (plaintiff/debtor)
Black

Summary

Bankruptcy court considers whether pervasive Medicare fraud, actual but undetected at valuation date, affects solvency.

See Also

In re Edgewater Medical Center

Bankruptcy court considers whether pervasive Medicare fraud, actual but undetected at valuation date, affects solvency.