BV Expert Helps Secure $10 Million Punitive Damages Award
$10 million punitive damages award is upheld, thanks in large part to BV expert's testimony.
Garza v. Asbestos Corporation, Ltd.
$10 million punitive damages award is upheld, thanks in large part to BV expert's testimony.
2nd Circuit Affirms Application of Daubert in Fraudulent Conveyance Case
The U.S. Court of Appeals affirmed the district court’s decision to exclude Lippe’s valuation experts because their experts’ reports contained significant flaws that primarily related to the failure to explain assumptions involving the comparable company.
Lippe v. Bairnco Corp. (III)
The U.S. Court of Appeals affirmed the district court’s decision to exclude Lippe’s valuation experts because their experts’ reports contained significant flaws that primarily related to the failure to explain assumptions involving the comparable company.
Case Update—Lippe v. Bairnco Corp
Follow exclusion of plaintiffs' witnesses (see May 2003 BVU), the court denied plaintiffs' motion to substitute a new valuation expert or submit a supplemental expert report, finding that defendants would be severely prejudiced.
Valuation 'Experts' Excluded as Unreliable Based on Numerous Errors in Methodology and Inability to Explain Conclusions
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.
Lippe v. Bairnco Corp. (II)
Follow exclusion of plaintiffs’ witnesses (see May 2003 BVU) the court denied plaintiffs’ motion to substitute a new valuation expert or submit a supplemental expert report, finding that defendants would be severely prejudiced.
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.