Defense counsel retained Carlyn Irwin, a principal at Cornerstone Research, in this case that involved a suit for breach of contract.
Retained by Katten Muchin Rosenman
Defense counsel retained Carlyn Irwin, a principal at Cornerstone Research, in this case that involved a suit for breach of contract. The plaintiffs owned a hotel in Southern California and, in anticipation of a loan coming due, requested an extension from the lender. The defendants, mistrusting the reliability of the financial data the plaintiffs submitted with their bid for an extension, denied the request and ultimately declared the loan in default. The plaintiffs claimed reimbursement for default assessments and the higher costs of the new loan they obtained from another lender.
Basing his judgment in large part on Ms. Irwin’s testimony, the referee in this case found that the defendants’ doubts about the plaintiffs’ reported financial results were well founded: “Later investigations, especially Ms. Irwin’s expert analysis, resoundingly confirmed defendants’ initial suspicions.”
The referee in this case based his judgment in large part on Ms. Irwin’s testimony.
In his decision, the referee rejected all of the plaintiffs’ objections and awarded no damages.