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David W. King

National Technical Director, MA, CFA, CDBV

David has more than twenty-five years of experience consulting on business valuation engagements, including the valuation of common equity, partnership interests, corporate debt, preferred stock, and corporate assets on matters related to bankruptcy, shareholder disputes, contract arbitration, tax planning, financial reporting, and strategic planning. He has served clients in energy, natural resources, manufacturing, business services, financial services, consumer products, retail, and other industries. His experience includes addressing solvency and valuation issues on complex litigation and bankruptcy assignments, including such high profile matters as Residential Capital LLC, Tronox Inc., Lyondell Chemical Company, Enron Corporation, and Oneida Ltd. He has been qualified as an expert by the US Bankruptcy Court.

Experience

  • Provided expert testimony in US bankruptcy court on behalf of the Official Committee of Unsecured Creditors of Oneida Ltd. in a plan confirmation hearing concerning the value of the debtor
  • Provided expert reports and deposition testimony on behalf of the Official Committee of Unsecured Creditors of Quebecor World (USA) Inc. in a preference action concerning balance sheet solvency
  • Provided financial advisory services to the court-appointed examiner in the Residential Capital LLC (ResCap) Chapter 11 case in his investigation of potential causes of action arising from transactions between ResCap and affiliates
  • Advised counsel to the litigation trust of Tronox Inc. on solvency, reasonably equivalent value and damages in fraudulent conveyance claims in connection with its spin-off from Kerr McGee Corp.
  • Advised counsel for a group of banks in the matter of Enron Creditors Recovery Group, Inc. et al. v. Citigroup, Inc. et al. (the Enron “Mega Complaint” case) on issues related alleged fraudulent transfers

Involvement

  • CFA Institute, Member
  • Association of Insolvency and Restructuring Advisors, Member
  • The Investment Analysts Society of Chicago, Member

Thought Leadership

  • Authored or coauthored articles appearing in business valuation periodicals and reference texts
  • Provided original research concerning rates of return to equity holders has been republished in numerous reference works on business valuation
  • Former instructor of finance and economics at Northwestern University and Loyola University of Chicago
  • Frequent speaker on valuation issues

Education

Northwestern University
Master of Arts
Completed all course requirements in the Doctoral Program, Economics

University of California, Berkeley
Bachelor of Arts