How COVID-19 Magnified the Fragility of the U.S. Healthcare Sector
COVID-19 and its resulting economic impact have taken a destructive toll on society. At its core, the pandemic has been a health crisis, so, not surprisingly, healthcare has been one of the sectors of the economy that has been most severely impacted. Societal measures to “flatten the curve,” such...
Maximizing Value Amid Uncertainty in the Healthcare Industry
Managing through uncertainty is a constant for healthcare operators. For years, healthcare companies have faced disruption related to reimbursement rate cuts or new market entrants. However, the impact of COVID-19 is creating a new kind of stress across various sectors in the healthcare industry...
COVID-19 May Compel Reimagining the Turnaround Business Model
With each passing day, turnaround advisors, bankruptcy attorneys, and other supporting professionals answer the call as more and more businesses fight for their lives. Some of these businesses will implode from the pressures of the coronavirus crisis, while others will nimbly pivot and thrive with...
Court Blocks Investor’s Use of ‘Golden Shares’ to Prevent Bankruptcy Filing
In football, proper blocking helps a team control the line of scrimmage. Because a bankruptcy filing can shift the power away from an investor to the financially distressed company, investors often have sought to “control the line of scrimmage” and block companies in which they have invested from...
What Restructuring Professionals Need to Know About the California Consumer Privacy Act
Every internet search, click, view, purchase, message, download, and delete creates a digital trail that companies can use to deduce individual consumers’ interests, habits, and preferences. This data forms the backbone of the information economy, facilitating targeted advertising and messaging on...
Protecting Exclusive Distribution Rights for Patented Products and Other Licensed IP
The ability of companies to continue as going concerns has become more challenging than ever. As companies pivot and move forward with product production and sales, they must consider not only their financial viability but the financial viability of their customers, suppliers, and licensors. For...
Harnessing Massive Data to Track  Money Movement,  Uncover Fraud
In white collar fraud and bankruptcy cases, attorneys, bankers, and forensic accountants identify bank and financial records, issue subpoenas, and pore over the data to trace financial transactions from their source to their destination. The central theme is, what happened to the money? Where did...
Information Security and Privacy Best Practices in the Age of Pandemic
The COVID-19 pandemic has changed, perhaps permanently, how and where employees get their work done. A majority of the U.S. workforce is currently working remotely, and in the last several weeks corporate giants such as Google, Twitter, and Facebook have announced that some employees will be...
When a Crisis Strikes, a Board Must Be  Up to the Job
When a company is in a crisis, it needs to make sure it has a board that can meet the task. Some crises develop over time due to shifting markets, deteriorating profitability, or lack of access to capital. As is happening today, the other form of crisis can be characterized as a “Grey Rhino” event...
Global Pandemic Is Surprise Addition to Restaurant’s Turnaround Menu
By the spring of 2020, Red, the Steakhouse, in Miami Beach was thriving, poised to capitalize on its success and further expand its brand. With a prime location in the city’s fashionable South of Fifth (SoFi) neighborhood, the restaurant boasted a 198-seat main dining room; a 16-person, glass-...