Engagements

Valuation of IP portfolios in bankruptcy of high-performance computing company

CRA was retained on behalf of a high-performance computing company in Chapter 11 bankruptcy proceedings to categorize and value the company’s intellectual property portfolio consisting of over 700 U.S. patents and patent applications and related intangible assets. CRA employed patent rating and ranking criteria to identify high-potential patents and IP portfolios, and performed separate valuations of such portfolios specific to applicable end products and markets. CRA used multiple valuation methodologies such as the Cost, Market and Income Approaches, including License/Litigate Decision Trees. Our work concluded in detailed valuation reports for incremental going-concern value and liquidation value for each of the IP portfolios identified. CRA’s valuation results were relied on by the client and the client’s restructuring team to successfully gain approval for its restructuring plan.