Case Study
Representation + Warranty Claim Settlement
- Matthew Edwards
Distribution
INDUSTRY
1,000
EMPLOYEES
$150M
ANNUAL REVENUE
Background
Following a long working capital settlement process, our client filed a claim on the representation and warranty policy issued on an acquisition from 2018. This required significant efforts to recreate and investigate what was verifiably known to be considered a primary breach.
Objective
- Evaluate each assertion made by claimant and accumulate support
- Build tie-out and data book to represent claimant damage assertions
- Prepare memo communicating claimant positions on each assertion
- Represent claimant as insurer performed due diligence for each assertion
- Provide guidance on interaction, strategy, and negotiation with insurer
Solution
- Build tie-out, data book, and memo, providing claimant assertions
- Represented the claimant in months-long diligence process undertaken by insurer
- Supported successful negotiation outcome for claimants
Successfully collected $4.2 million of cash on representation + warranty claim.
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