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Chemtura addresses business appraisals in a volatile economy
November / December 2011
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 1098
Abstract: This article looks at a case in which the bankruptcy court decided to confirm the debtors’ reorganization plan. The equity holders had opposed it, claiming that the plan overpaid creditors and underpaid equity holders. But the valuation reports offered in the case fell short in their ability to sway the court. The article discusses why, and offers a sidebar arguing the case for independent experts, noting that the credibility of the valuation experts in this case was at least partially damaged by their having a contingent fee arrangement. Citation: Chemtura Corporation, et al., No. 09-11233 (Bankr. S.D.N.Y. 10/21/10).