Case Study
High Yield Debt Pricing
Cornerstone Research supported two experts who addressed allegations regarding an investment bank’s role in the failure of a life insurance company. Cornerstone Research worked with two finance experts to address allegations regarding an investment bank’s role in the failure of a Florida life insurance company. Our analysis validated the prices of the year-end trades. The plaintiff alleged that the investment bank conspired to engage in year-end transactions aimed at concealing the life insurance company’s insufficient capital, and contributed to the company’s failure by purchasing highly illiquid assets from the life insurance company at a fraction of their value. The allegation of concealment of the capital deficiency centered on whether year-end trades in high yield securities were cond