Prepared a report and affidavit as to our analysis of books and records in defense of alleged misappropriation, by a bank closing attorney and affiliated title closing company, of over $2.8 million of loan proceeds advanced by a large bank. Summary judgment was awarded to the title closing company, including costs: clients' expert fees and legal fees.
Prepared valuation reports of a multi-state distributor of fire sprinkler pipes, devices and accessories. We were initially engaged to provide expert testimony in litigation. Subsequently, we prepared reports as an aid to the owner of the closely-held family business to make informed decisions in succession planning, estate and gift planning.
With the expert testimony of Mr. Chin, and the documents submitted in evidence, as to Plaintiff's claim for misappropriated funds and fraudulent activity in a real estate "Ponzi" scheme, the Court rendered its Decision, resulting in a money judgment for our clients in the amount of $7.6 million.
