Goldin Supports Significant Client Litigation Victories

GA Update

Goldin AssociatesLLC is proud to have played central roles in two recent high-profile litigation victories for firm clients. In SEC v. Aletheia, No. 12-Civ.-10692 (C.D. Cal.), a significant SEC “cherry-picking” enforcement action, GA’s David W. Prager served as an expert on damages relating to investment “cherry-picking” by a fund manager.  The U.S. District Judge rejected the defense challenge to Prager’s intricate financial analysis of disgorgement damages and explained that Prager’s method led “precisely” to the correct calculation.  In an unrelated, but also significant matter, Taylor Bean & Whitaker Mortgage Corp./Ocala Funding, Goldin’s extensive forensic investigation and litigation support enabled clients BNP Paribas (represented by Boies Schiller & Flexner LLP) and Deutsche Bank (represented by Williams & Connolly, LLP) to recover $315 million in settlement of a longstanding dispute relating to mortgage-backed securities.

Goldin Senior Managing Director Harrison J. Goldin said, “Our tireless efforts in each of these cases were instrumental to our clients realizing their successes.”  Regarding the Aletheia matter, Goldin Managing Director David Prager said, “We are happy to have brought our complex quantitative skills and investment fund expertise to bear in proffering evidence that the Court adopted in this important enforcement action.” With respect to the Ocala matter, Goldin Director Manish Kumar said, “The combination of our tenacious forensic financial review and deep structured product experience was essential in helping our clients achieve such a favorable resolution.” 

We wish health and peace of mind all around in this difficult and chaotic time. Our thoughts are with those who are struggling with Covid-19 and its broad and painful effects.

Goldin Associates is fully operational, and you can continue to expect our customary level of client service.  Although the Covid-19 situation is unique, the commercial effects present the kind of challenges that we are accustomed to addressing.  As crisis management and restructuring professionals, whether as interim corporate officers or advisors, our team members are seasoned in helping management teams, creditors, equity holders and other constituents chart a steady course through turbulent waters.  As fiduciaries, we work to preserve value and as financial experts we measure it.  

We hope and pray that the disruptive health, social and economic effects of this crisis are as contained as possible, and we are striving to do what we can—as community members and as professionals—to work towards that goal.