Candlewood
Consultants and its principals have provided operational, financial and stock market
trading analysis to assist clients and their counsel in defending against:
A
shareholder suit alleging that the management of Polaroid Corporation withheld information
from shareholders that served to artificially inflate the stock market price of Polaroid
common stock.
A class
action suit alleging that management of American Express overstated the results of its
insurance subsidiary to artificially support the price of its common stock.
A class
action suit alleging that management and investment bankers knowingly understated the
value of Narragansett Capital Corporation in a transaction in which NCC was purchased by
Monarch Capital.
A suit
alleging that notes issued by Riklis Family Corp. in its acquisition of Schenley's had
fair
market values significantly below their face value.
A contention
by the IRS that a re-capitalization of Braun's Fashions following its bankruptcy created
additional value for its securities, thus triggering a taxable event.
A contention
by the IRS that the chief executive of a major mutual fund management and advisory service
had received excessive compensation over a six-year period.
