Valuation 'Experts' Excluded as Unreliable Based on Numerous Errors in Methodology and Inability to Explain Conclusions

Business Valuation UpdateVol. 9 No. 5
Legal and Court Case Update
May 2003
5033 Roofing, Siding, and Insulation Materials
423330 Roofing, Siding, and Insulation Material Merchant Wholesalers
bankruptcy
daubert hearing, bankruptcy, control premium, daubert, admissibility, discounted cash flow (DCF), fraudulent conveyance, comparable companies method

Lippe v. Bairnco Corp. (I)
288 B.R. 678, 2003 U.S. Dist. LEXIS 1133
January 28, 2003
US
Federal Court
New York
United States District Court
Thomas E. Dewey, Jr. (for plaintiff), Jocelyn D. Evans (for plaintiff)
Judge Chin

Summary

In this bankruptcy adversary proceeding, the trustees as plaintiffs sought to prove that the defendants—Bairnco Corp., Keene Corp., and the individual managers of the companies—had engaged in a series of fraudulent conveyances among subsidiaries to protect assets from the reach of asbestos claimants.

See Also

Lippe v. Bairnco Corp. (I)

In this bankruptcy adversary proceeding, the trustees as plaintiffs sought to prove that the defendants—Bairnco Corp., Keene Corp., and the individual managers of the companies—had engaged in a series of fraudulent conveyances among subsidiaries to protect assets from the reach of asbestos claimants.