Failed Leveraged Buyouts

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In a lender liability case involving a large European bank and its merchant banking subsidiary, we assisted the banks’ counsel.

In a lender liability case involving a large European bank and its merchant banking subsidiary, we assisted the banks’ counsel. With Professor Anthony Santomero of the Wharton School, we analyzed the value over time of two failed leveraged buyouts financed by the bank and evaluated the information provided to bank executives. Based on this analysis, we showed that the decisions made by the bankers were consistent with industry standards for managing loan pricing, lending portfolios, and balance sheet risk.

We worked with counsel to prepare for direct examination and cross-examination of fact and expert witnesses.

In addition to analyzing case issues, our staff provided support during all phases of the litigation, including document discovery, expert selection, deposition of opposing witnesses, and preparation of affidavits of experts’ findings. We worked with counsel to prepare for direct examination and cross-examination of fact and expert witnesses. Cornerstone Research staff created trial exhibits and provided research in support of closing arguments and post-trial and appellate briefs.

Case Expert

Anthony M. Santomero

Former President, Federal Reserve Bank of Philadelphia;
Richard King Mellon Professor Emeritus of Finance,
The Wharton School,
University of Pennsylvania