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.
Compliance solutions for pandemic-related fraud risks
When the COVID-19 pandemic struck the US in March 2020, office environments, supply chains and traditional ways of doing business evaporated in mere weeks....