Activity:

• The plaintiff asserted that the reason for executing the structured transactions at issue was, in part, to achieve hedging and risk management objectives. Our analysis evaluated if the plaintiff achieved the stated objectives in the context of standard industry practices - whether appropriate hedging and risk management steps that were taken were reasonable.

Results:

• Our analysis showed standard industry practices were not followed and the transactions did not achieve the stated hedging and risk management objectives. These conclusions raised serious doubt on the plaintiff’s claims for executing the structured transactions.