Trust Fund Accounting Case Study

A class action of trust members of a construction union sued the fiduciary of a large trust fund over alleged misappropriations of trust funds over several years.  We were engaged by the defendant’s counsel to reconstruct thousands of bank and trust transactions to analyze the nature, use and timing of the trust funds. This included also estimating interest earned on the accounts and related opportunity costs.  Ultimately, Todd Menenberg testified in trial and no damages were awarded.

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