The defendants in a fraudulent conveyance action brought by the trustee of a bankrupt hospital retained CRA to prepare solvency analysis. The trustee attempted to recover loans that were made before the hospital entered bankruptcy, but both the bankruptcy court and district court ruled the hospital was solvent. CRA’s expert ultimately demonstrated that the hospital was solvent, and The Seventh Circuit Court reversed the bankruptcy and district court decisions.
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...