We were engaged by counsel to serve as an expert in a post-acquisition dispute involving two large metallurgical coal mines in the Appellation region. We were engaged to analyze alleged damages stemming from royalty agreements, failed operations, and other industry specific issues. We analyzed coal price futures that were instrumental in assessing present value cash flow streams. The matter evolved into bankruptcy where we were engaged to analyze preference payments and determine whether fair value was received on behalf of the bankrupt entity. We filed an expert report and the case resolved due to the bankruptcy.
Responding to allegations of model errors: SEC enforcement trends