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Fraudulent Transfer Act
- Malbco Holdings, LLC. v. Bhupendra R. Patel et. al. (Oregon District Court, Case No. 3:14-cv-947-PK): Testifying expert for defense counsel involving a case where Defendants guaranteed a $4.3 million construction promissory note that was in default and later transferred to the plaintiff who obtained a judgement against defendants. In connection with collection efforts, the plaintiff alleged that defendants improperly transferred assets between each other and between related entities owned or controlled by defendants. Analyzed significant intercompany transactions, recommended adjustments to financial statements to properly account for current and previous transactions, analyzed income and gift tax returns and recommended strategies to minimize tax effects of transfers. Prepared forensic reports, expert report, analyzed opposing counsel expert reports, provided rebuttal arguments and cross- examination issues for defense counsel consideration. Result: Settlement.
- Reggie Williams v. Metal Polishing By Timothy, Inc. et. al. (Multnomah County Court, Case No. 17cv26494): Testifying expert for defense counsel involving a case where plaintiff alleged fraudulent transfers to avoid paying a judgement awarded to plaintiff. Analyzed related party and other transactions, analyzed accounting treatment for each transfer, prepared analysis and exhibits in anticipation of trial or settlement. Result: Settlement.
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