Forensic, industry and valuation expert retained by defendant, Continental Resources, to evaluate claims asserted by a vendor/service provider who was repositioned and refinanced through a LBO with PNC Bank and Chambers Energy; evaluated causative factors, gross undercapitalization, going concern and lack of internal process controls of the vendor; evaluated opposing expert’s Stout Risius Ross, loss of business value which totaled in excess of $50 million; resulting outcome at trial was a net judgment in favor of Continental Resources and exclusion of the opposing expert’s testimony; performed other consulting services for CEO, Harold Hamm unrelated to this contested matter.
Continental Resources, Inc. – Bakken Shale and STACK E&P Company
by ldc55 | Aug 23, 2024 | Forensic and Economic Damage, FORENSIC AND ECONOMIC DAMAGE PRACTICE