Jewel Recovery Corporation (Litigation)

Jewel was a limited partnership established by the Zale bankruptcy plan to pursue various litigation claims arising from the Zale bankruptcy for the benefit of Zale's creditors. Action on these claims was commenced after Zale exited bankruptcy. Gordian Group was retained by Jewel to assist it in the financial aspects of this litigation. Gordian Group was selected because of its industry experience, our performance during the Zale bankruptcy and its significant experience in solvency and valuation opinion matters.

Gordian Group's work involved analyzing various Zale financing and acquisition transactions over a period of approximately five years preceding the bankruptcy and providing testimony on these transactions. This also included performing a series of "what if", solvency and valuation analyses to estimate the damages incurred by various creditor constituencies. Gordian Group's analyses and testimony resulted in significant additional recoveries for Zale's creditors.