INGENU INC BANKRUPTCY: IOT PATENT PORTFOLIO

Ingenu Inc bankruptcy was filed under Chapter 11 on July 27, 2020 in San Diego. Ingenu Inc’s current business is an “Internet-of-Things” (IOT) network. It hopes to deploy these new networks in major cities around the world.  It apparently has an IOT network running in the Dallas Fort Worth area for which the company claims a successful proof of concept. Continue reading “INGENU INC BANKRUPTCY: IOT PATENT PORTFOLIO”

FMV PART 4: FAIR MARKET VALUE IN LITIGATION

The primary thesis of this blog series is that assessing fair market value in litigation and bankruptcy must now account for general economic conditions, due to Federal Reserve distortions of fair market value through unlimited monetary expansion and the unavoidable influence of global derivatives trading markets. Continue reading “FMV PART 4: FAIR MARKET VALUE IN LITIGATION”

FMV PART 2: IMPACT OF DERIVATIVES MARKETS

The core cause of the financial crisis of 2008, and again in 2020, has been the dangerous impact of derivatives markets created by large banks, insurance companies and hedge funds. Speculative trading practices by large banks were outlawed in this country under the Glass-Stegal Act of 1935. But in 1999, at the end of the Clinton Administration, Glass-Stegal was repealed. This repeal, along with passage of the Commodity Futures Modernization Act), during the Bush II administration, opened the door for massive speculative trades in complex derivative instruments. Continue reading “FMV PART 2: IMPACT OF DERIVATIVES MARKETS”

FMV PART 1: DISTORTIONS OF FAIR MARKET VALUE

Our legal system depends on accurate assessments of fair market value in virtually every business-related matter that comes before a court. Distortions of fair market value, from whatever source, are problematic. Valuation issues materially affect everything from real estate values to stock and commodity values to more esoteric valuations involving crop prices for farmers. Continue reading “FMV PART 1: DISTORTIONS OF FAIR MARKET VALUE”