CRA prepared a solvency analysis as part of the defense of a private equity firm in a fraudulent conveyance action brought by the receiver of an acquisition, development, and construction lender of residential properties. Our experts demonstrated that the defendant was solvent as of a transaction date, and that its eventual insolvency was related to the collapse of the real estate market. Ultimately, the testimony of CRA’s experts resulted in 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....