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Financial reporting and forecasting

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Overview

Bates White produces annual and quarterly estimates of companies’ potential asbestos and other tort liabilities to help clients ensure compliance with Sarbanes-Oxley, SEC, and other comprehensive reporting requirements. Our tailored forecasts eschew a one-size-fits-all approach and instead rely on a fact-driven, scenario-based methodology that produces robust results and includes a detailed assessment of risks under various possible scenarios. Our analyses have proved valuable to publicly traded and privately held clients and have withstood scrutiny from major creditors, insurance underwriters, and financial auditors.

Selected Work

  • Coauthored letters supporting the approximately $700 million international legacy asbestos liability and related insurance valuations for the newly combined AMEC Foster Wheeler across different accounting frameworks.
  • Estimated the potential short-term asbestos liability for a major automotive products products manufacturer. 
  • Improved the defense strategy of companies by applying our industry knowledge, data analysis, and predictive modeling to client-specific information.
  • Assessed the potential asbestos personal injury liability for companies such as a major investment firm and a major international real-estate developer.
  • Provided an estimate for the upper bound of the likely payments for a leading producer of analytical instruments.
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