Global Crossing Bankruptcy Bondholder Suit

In this matter, an Analysis Group team led by Managing Principal Richard Starfield and Vice President James Rosberg worked on behalf of the defendant, a major investment bank. The plaintiffs originally invested in bonds issued by the telephone company Frontier. When Global Crossing acquired Frontier, it also assumed obligations associated with the Frontier bonds. After Global Crossing's bankruptcy, plaintiffs alleged that the transfer of the bonds was prohibited under the terms of Frontier's bond indenture and our client, the indenture trustee, was liable for damages. Analysis Group supported an expert in conducting a financial analysis demonstrating that the transfer of the bonds was consistent with the terms of Frontier's bond indenture.

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