In the largest municipal bond default case ever litigated, Cornerstone Research staff supported and coordinated the work of five experts on a variety of liability and damages issues.
In the largest municipal bond default case ever litigated, Cornerstone Research staff supported and coordinated the work of five experts on a variety of liability and damages issues. Working closely with the experts, we constructed a model to predict the creditworthiness of each of the municipalities involved and proved that the municipalities would likely have defaulted on their debt obligations. We also developed damages models and analyzed proof of claim data to assist our client in evaluating the damages models of opposing experts. The case settled during trial.