Served as an expert witness to opine on the capital raising process, including the role of an investment banker and placement agent, its fiduciary responsibility, and standard operating procedures regarding due diligence and disclosure related to capital formation for its China-based client seeking funds from US investors. (Force 10 professional at prior firm).
Learn more »Financial Services
While there are many ways to succeed in the financial services industry, flawed business models, inadequate due diligence, or outright fraud can cause companies to stumble badly. Force 10 addresses the complex challenges that arise in financial services.
While the term “Financial Services” covers a lot of territory at its core the industry is focused on aggregating and directing capital to entities that need capital to grow and generate returns for investors. When financial services businesses encounter problems the underlying causes typically relate to that core principal of directing capital, even as recent developments in cryptocurrencies and the DeFi trend are creating new types of distress. With our decades of financial services experience and deep understanding of capital markets, we can speak the language, decipher the root causes of problems, and find the best way forward.
Asset Management Advisory Services – Separate from our work with distressed situations, when a fund is being investigated for a breach of fiduciary duties or violating the law Force 10 can be engaged to protect the fund’s investments. We serve as an independent, conflict-free, objective fiduciary to protect capital for limited partners and other investors.
Sub-sectors:
- Lending
- Leasing
- Banking
- Insurance
- Diversified Financials
- Venture Capital Management
- Investment Funds
Financial Services Engagements
Provided litigation support and opinions on solvency and fraudulent transfers.
Learn more »Force 10 determined the creditors were better served by a Chapter 7 Trustee. The case was subsequently converted.
Learn more »In response to Bankruptcy Trustee litigation, provided expert opinion on solvency and transfers. Mediation resulted in favorable settlement to Force 10 client.
Learn more »Determined flawed business model and then oversaw portfolio wind down to maximize value to stakeholders.
Learn more »Manager of venture capital fund family after sponsor was removed for allegations of misappropriations.
Learn more »Conducted orderly wind down of operations, analyzed avoidable transfers, and supported litigation.
Learn more »Force 10's involvement resulted in higher return to creditors/investors than fund sponsor status quo who was accused of ponzi-like behavior.
Learn more »Served as Receiver to effectuate a Chapter 11 Plan of Reorganization.
Learn more »Out-of-court wind down of operations and assets
Learn more »Financial advisor and fund manager to venture fund family that fell victim to sponsor misappropriations.
Learn more »Supporting litigation counsel in efforts to recover nearly $200 million in fraudulent transfers. Litigation is pending.
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