CRA’s Tiago Duarte-Silva was retained by defendants in a Delaware Chancery Court dispute concerning an alleged breach of contract and fraudulent representation related to the acquisition of a healthcare marketing company. The dispute centered on the buyer’s allegations that the sellers had misrepresented data to overstate or accelerate the company’s revenue and earnings, resulting in an inflated transaction value.
The engagement involved reconciling invoices, contract milestones, and internal accounting records. It also involved researching the reliability and accuracy of due diligence performed prior to the transaction, including evaluating the appropriateness of the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) multiple applied. Dr. Duarte-Silva was supported by CRA consultants Frank Esposito, Lauren Gordon, and Alene Hanson.
