A CRA expert was retained by dissenters in a $500 million merger dispute in the Grand Court of the Cayman Islands. Dissenters tasked CRA with valuing a leading Chinese transportation company after it was taken private by its CEO and other investors in a process which Dissenters alleged was tainted by conflicts of interest. The matter was ultimately resolved via confidential settlement. This engagement was managed by Vice Presidents Erik Himan and Keith Bockus with assistance from CRA staff including Carlos Penikis, Arthur Poon, Charles Zhou, and Kevin Cuddy.
ERISA forfeitures and class action lawsuits
The Internal Revenue Service (IRS) has supported this practice; however, current litigation focuses on whether using forfeitures to reduce employer...