Delaware Statutory Trust v. Fortune 500 Corporation

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.

SFC Associates’ consulting team was engaged to work closely with the Trusts’ legal counsel, Minnesota-based Maslon Edelman Borman & Brand, and provided an 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, offshore hedge fund operations, prime brokerage operations and credit risk.