News

HSSK's Analysis Cited in the Fourth Court of Appeals Opinion in U.S. Renal Care

August 2010
U.S. Renal Care, Inc. v Laura Jaafar, et al.
Marc Schwartz's analysis was cited in the Fourth Court of Appeals Opinion, where Marc opined that Renal Care only owed $4,400 to seller for claims paid during the transition period of Renal Care's acquisition of Rencare, Ltd. The former owners sued Renal Care for breach of contract, violation of prompt payments, and attorney's fees, among other claims. Renal Care counterclaimed for breach of contract and fraud. Rencare’s expert opined that the damage figure owed was $2,787,157. The Appeals Court overturned the trial court in favor of Renal Care, finding that the methodology of the plaintiff's expert's calculation of damages was inadmissible and rendered a “take nothing” judgment by the Sellers.

Expert: W. Marc Schwartz, CPA/CFF, CFE