A Delaware statutory trust, on behalf of its investors, brought a multi-million dollar claim against a Fortune 500 Company, arising from the Defendant’s transfer of control over the Trust to a third party, which collapsed in October 2005 shortly after the sale.  The Plaintiff filed claims of breach of fiduciary duty and aiding and abetting a breach of fiduciary duty.

Expert Ezra Zask led SFC Associates’ consulting team that worked closely with the Trusts’ legal counsel, Minnesota-based Maslon Edelman Borman & Brand, and filed a comprehensive expert report on due diligence responsibilities of a parent company when divesting a subsidiary, including a detailed analysis of over the counter (OTC) foreign exchange trading and prime brokerage operations and credit risk.

Shortly after filing the expert report, the Plaintiff reached a favorable settlement with the Defendant.  Wayne Moskowitz, a Partner at Maslon Edelman Borman & Brand, said: “Ezra Zask is one of the few experts with an in-depth knowledge of these challenging issues, as well as impeccable credentials.  SFC Associates’ thorough, incisive, and convincing expert report solidified our case and was instrumental in helping us resolve the case in favor of our client.”