Cornerstone Research was retained by counsel representing a brokerage firm that was accused of selling risky, unsuitable collateralized debt obligations (CDOs) to an asset management firm that subsequently declared bankruptcy. Cornerstone Research was retained by counsel representing a brokerage firm that was accused of selling risky, unsuitable collateralized debt obligations (CDOs) to an asset management firm that subsequently declared bankruptcy. A liquidating trustee (the Trustee) assumed control of the asset management firm’s portfolio and sold most of the CDOs approximately one year after the bankruptcy filing for well below par value. The Trustee then filed a damages claim against the brokerage firm demanding the difference between the purchase price of the CDOs and their eventual l

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