Alden Torch to Challenge Verdict as Contrary to Evidence [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
"While we respect the jury process and sincerely appreciate the time and effort the jury put into this case, the verdict cannot be reconciled with the undisputed evidence presented at trial or prior case law in this district," said Alden Torch's lead trial attorney Eric S. Pettit, Partner, King & Spalding, citing Centerline Housing Partnership v. Palm Communities , 2022 WL 247951 (C.D.Cal. Jan. 12, 2022). In particular, the evidence conclusively established that the Decro Long Beach partnership did not want to sell the property to a third party, which was required to trigger a right of first refusal. In spite of this, the jury found that the partnership's nonprofit general partner was entitled to exercise the right of first refusal, which allowed it to purchase the property from the partnership for a price that is tens of millions of dollars below fair market value. Alden Torch is an investment management company based in Denver, Colorado, that has invested tens of millions of
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FCN
Earnings
- 10/24/24 - Miss
FCN
Sec Filings
- 12/3/24 - Form 4
- 11/7/24 - Form SCHEDULE
- 10/28/24 - Form 8-K
- FCN's page on the SEC website