$250+ million fraudulent conveyance action

$250+ million fraudulent conveyance action

Forensic Accounting & Investigation

CRA prepared the solvency analysis for the defendants in a $250+ million fraudulent conveyance action brought by the trustee of a bankrupt supplier of spandex and elastomeric fibers. We demonstrated that the company’s insolvency was not related to the leveraged buy-out and recapitalization transaction. Ultimately, the client obtained a favorable settlement.