Representation & Warranty Settlement Support
VIP SOLUTIONS CASE STUDY
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.
OBJECTIVES
Evaluate each assertion made by claimant and accumulate support
Build tie-out and databook to represent claimant damage assertions
Prepare memo that communicates claimant positions on each assertion
Represent claimant as insurer performed diligence of each assertion
Provide guidance on interaction, strategy, and negotiation with insurer
SOLUTIONS
Built tie-out, databook, and memo, providing claimant assertions
Represented the claimant in months-long diligence process undertaken by insurer
Supported successful negotiation outcome for claimants
Successfully collected
$4.2M of collected cash
on representation & warranty claim
$4.2M of collected cash
on representation & warranty claim
PROJECT DOCUMENTATION
Databook supporting claimant positions:
Claimant Position Memo:
Claim Support Photos:
