FLVS Case Study - Privately Held Addiction Treatment Center

Case Study:

Citrin Cooperman worked on behalf of a minority shareholder to quantify economic damages and provide expert witness testimony in a shareholder dispute matter related to a nationwide addiction treatment center. Citrin Cooperman analyzed financial records, including tax returns and general ledgers, in order to analyze due to / due from transactions between the various entities. It was alleged that the due to / due from accounts were used to move money to reduce distributions to the minority owner. Our litigation team analyzed general ledger accounts for a period of five years to determine amounts due back to the entity. In addition, we analyzed the general ledger expense accounts to identify expenses paid by the minority shareholder’s entity that were related to other entities, and analyzed overpayment of management fees based on the management agreement. In total, our team quantified losses of tens of millions of dollars. The work performed, included providing expert testimony, led to a favorable outcome for the client.

Client:

Privately Held Addiction Treatment Center

Service Provided:

Financial analyses, general ledger expense analyses, expert testimony

How We Help

Citrin Cooperman's Economic Damage Analysis experts work closely with litigation teams to quantify economic damages as a result of wrongful acts. Whether we’re engaged to perform an economic damage calculation or a valuation, our Forensic and Litigation Services team will produce the answers you need, so you can focus on what counts.

The Childhood Trust – London The Childhood Trust helps alleviate the effects of childhood poverty throughout London. The organization runs a volunteering program that renovates parks and homes for economically disadvantaged children. Blackstone volunteers helped engineers and builders fix defects in a North Kensington playground.

The Childhood Trust – London The Childhood Trust helps alleviate the effects of childhood poverty throughout London. The organization runs a volunteering program that renovates parks and homes for economically disadvantaged children. Blackstone volunteers helped engineers and builders fix defects in a North Kensington playground.

The Childhood Trust – London The Childhood Trust helps alleviate the effects of childhood poverty throughout London. The organization runs a volunteering program that renovates parks and homes for economically disadvantaged children. Blackstone volunteers helped engineers and builders fix defects in a North Kensington playground.