Brattle experts helped secure a favorable outcome at trial in a case involving the interpretation of governing agreements for a collateralized debt obligation (CDO). Most of the underlying assets were in default following the financial crisis. The issue was whether the language in the CDO indenture required the collateral manager responsible for managing the securities, Triaxx Asset Management LLC, to sell certain defaulted assets that it had not yet sold. A Brattle expert submitted written reports and testified at trial on the interpretation of the governing documents and the core features of the securities. The Court found the expert’s testimony credible and supported a judgment in the client’s favor that the defaulted assets must be sold.