Washington DC, June 14, 2013: Forensic accounting firm, Credibility International, again in 2013 sponsored the Lawyers Have Heart 5k and 10k run and 3k fun walk to benefit the American Heart Association. Nearly 5,000 runners and walkers participated in this important fundraiser on Saturday, June 8, 2013 on the Georgetown waterfront.

Credibility International has supported Lawyers Have Heart every year through sponsorship, fundraising and volunteer time. “Lawyers Have Heart is a great event that brings out the Washington legal community to raise money for the important work of the American Heart Association. With the rising cost
of healthcare in our nation, the work of the American Heart Association in promoting healthy lifestyles is critical to fighting heart disease, stroke, and our growing problem of obesity,” says Tim Hart, Founder of Credibility International. “Lawyers Have Heart already has raised over $750,000 in 2013 with the hope of raising even more money before the final accounting for this year’s event.  At Credibility, we are pleased to be able to team with Washington’s legal community to provide this important financial support to help fight heart disease and to stage a great event for Washington’s runners.”

If you would like to support the American Heart Association through the Lawyers Have Heart event, please go to Credibility’s donation page.

About Credibility International

With expertise in forensic accounting and finance, Credibility International has professionals in Washington, Chicago and San Francisco who are CPAs, fraud examiners and valuation professionals. Tim Hart has once again been recognized this year by Who’s Who Legal as one of the top expert witnesses in international arbitration. The Credibility team has native language capabilities in Russian and Spanish. For more information visit http://www.credibilityinternational.com/

ORLANDO, Fla.—2011 PGA TOUR rookie and current Web.com Tour player Jim Renner and Washington, D.C. based Credibility International, a forensic accounting firm, will team together for the remainder of the 2013 Web.com Tour Season to raise money for the American Heart Association.  The donations will be made in memory of Jim’s father, John “Buck” Renner, who passed away from heart failure in August 2012.

The association will launch the week of April 8th when the Web.com Tour is in Midland, Texas for the WNB Classic.  Renner will wear the Credibility International logo on the chest of his apparel.

“I am excited to team up with Credibility International,” said Renner.  “They already are so active in cardiovascular charitable activities, and when I learned that I knew it would be a great fit.  They are just a great group to be associated with and I am excited to have them as part of my team moving forward. I believe that together, we can make an impact.”

As part of the sponsorship, Credibility International will make donations to the American Heart Association based on Renner’s play the rest of the 2013 season.  Donations will be made for birdies, top ten finishes, and wins.

“Credibility is very excited to support Jim on the Web.com Tour as he works to earn his way back onto the PGA Tour,” said Tim Hart, the founder and president of Credibility International. “In Jim’s profession, like ours, the stakes are high where exceptional experience and preparation are essential ingredients for success. Jim brings great experience to the Web.com Tour and has worked hard to position himself for success this season.  Credibility is also very pleased to be able to work with Jim to help further his great memories of his dad by lending additional support to the American Heart Association, with whom we have been closely associated with on the leadership committee and as sponsors of Washington’s Lawyers Have Heart annual race.”

Additionally, the Renner Family will host the first annual memorial golf outing to honor Renner’s father, affectionately known to friends and family as “Buck”.  The memorial outing will primarily raise funds for The John “Buck” Renner Memorial Scholarship Fund, with the purpose of helping area junior golfers with college tuition.  The outing is slated for September and will be hosted by the Attleboro Area Golf Association of which Mr. Renner was a committed and active member.  Credibility will participate and support the fundraising for this outing.

Further information on the memorial outing will be available soon thru Jim’s Facebook fan page Facebook.com/JimRennerGolf and his website www.JimRennerGolf.com

Over the past two years, Credibility International’s work has mainly involved disputes in Argentina, Bolivia, Brazil, Ecuador, Egypt, Moldova, Venezuela, Vietnam and the United States. These disputes have resulted in Credibility professionals providing  testimony as damages experts in international arbitration and US courts involving claims most often in the hundreds of millions or billions of US dollars. Industries ranged from commodities, consulting, education, entertainment, insurance, medical devices and supplies, mining, oil and gas, pharmaceuticals, professional services, retail, shipping, and telecommunications.

“In our second year, it has been gratifying to have clients trust us as experts with their largest, most complicated claims both as claimants/plaintiffs or respondents/defendants,” says Tim Hart, Founder of Credibility International. “This year, Credibility has provided expert testimony in four cases with claims exceeding a billion US dollars in court and arbitration and a number of others with quantum claims in the hundreds of millions.  Normally, clients turn to only the largest firms for cases of this size, but we have deep expertise and have delivered outstanding expert testimony at hearings and trials opposite experts from global firms and the leading law firms in the world.”

“During our second year, we have been able to focus all of our efforts on our client work. In the same period, most of the bigger firms in our business have struggled operationally and financially and have been punished by the markets. We have truly enjoyed being accountable just to our clients and not the financial markets or a global partnership. Our client focus has allowed us to offer alternative arrangements that have again been more creative and valuable to our clients.”

About Credibility International

With expertise in forensic accounting and finance, Credibility International has professionals in Washington, Chicago and San Francisco who are CPAs, fraud examiners and valuation professionals. Tim Hart has once again been recognized for the third straight year in 2012 by Who’s Who Legal as one of the top expert witnesses in international arbitration. The Credibility team has native language capabilities in Russian and Spanish. For more information visit http://www.credibilityinternational.com/

Washington DC, June 18, 2011: 

Since forming in 2010, Credibility International has supported Lawyers Have Heart through sponsorship, fundraising and volunteer time.  “Lawyers Have Heart has been an annual focus of the Washington legal community to support the American Heart Association for the past 22 years.  The work of the American Heart Association is critical to fighting heart disease and stroke as well as the positive impact that a heart healthy lifestyle can have on our nation’s growing problem of obesity,” says Tim Hart, Founder of Credibility International. “Members of my firm and I have been involved with this event for almost 20 years as runners, walkers, volunteers and financial supporters.  We have enjoyed not just helping the American Heart Association, but also being a part of this event which brings out a large part of the Washington legal community each year.”

If you would like to support the American Heart Association through the Lawyers Have Heart event, please go to http://www.active.com/donate/lawyershaveheart/2012LConnor

About Credibility International

With expertise in forensic accounting and finance, Credibility International has professionals in Washington, Chicago and San Francisco who are CPAs, fraud examiners and valuation professionals. The team has native language capabilities in Russian and Spanish. For more information visit http://www.credibilityinternational.com/

Since forming in 2010 to focus upon the financial aspects of disputes and investigations, Credibility International has grown to match the needs of its international client base.  Since inception, the firm’s client assignments have involved parties in North and South America, Europe, Africa and Asia with many of the cases involving stakes of hundreds of millions or billions of US dollars.  Assignments include financial due diligence, forensic accounting investigations, insurance solvency, and testimony as damages experts in international dispute resolution and US courts. Recent industries include commodities, consulting, education, insurance, medical supplies, mining, oil and gas, pharmaceuticals, professional services, shipping, and telecommunications.

“During our second year we continue to expand our capabilities as we add Ken and Mark to our team. I know both Ken and Mark very well having worked with Ken previously and gone to school and worked a large international assignment with Mark.  Ken has deep financial expertise with credentials in valuation and prior work experience on Wall Street, with the SEC and in top consulting firms.  Mark is an engineer and MBA by background with decades of experience both in industry and top consulting firms.  As outstanding quality people are the absolute key ingredient to delivering great client service, we are certain that the addition of Ken will add real depth and strength to our international arbitration team and Mark brings us very deep expertise in the oil & gas and energy industries. Both of these areas are very busy and adding Ken and Mark to the Credibility team will help us better serve our clients,” says Tim Hart, Founder of Credibility International. “We are enjoying operating as an independent consulting firm where we have a very low level of conflicts and have been able to provide outstanding value to our clients. Ken and Mark are positioned to help us more in that regard.”

About Credibility International

With expertise in accounting and finance, Credibility International has professionals in Washington, Chicago and San Francisco who are CPAs, fraud examiners and valuation professionals. The team has native language capabilities in Russian and Spanish. For more information visit http://www.credibilityinternational.com/

Hart’s topic is “Financial Services – The Broken Promises”. Other speakers include Tom Cosimano, finance professor, University of Notre Dame, Randall Raciti, principal and financial adviser, The Healy Group, South Bend, and Chris Murphy, chairman, 1st Source Bank, South Bend.

The free talks will be held in Giovanini Commons in the Mendoza College of Business.

“It is an honor to be invited to speak at my alma mater on the topic of ethics,” said Tim Hart, President and found of Credibility International. “My decades of global experience as a forensic accountant performing financial investigations, assessing damages in large disputes and advising clients with insolvency situations has provided me with a unique perspective on the financial services industry.”

“When things have gone terribly wrong, I have seen the results first hand and have been asked to help find the root causes. With the top ranked Mendoza School of Business at Notre Dame having a very international focus, I look forward to sharing both my domestic and international experiences with the students and faculty on the critical topic of ethics in business.

For more information about the talks, contact Professor Ken Milani, Mendoza College of Business. Contact Tim Hart at http://www.credibilityinternational.com

About Credibility International

Credibility International is a team of forensic accountants and independent arbitration experts. Based in Washington DC, the company works internationally in a variety of jurisdictions. Practice areas include damages, investigations and solvency. The company has partners with many years of experience from the biggest firms in the industry. Visit http://www.credibilityinternational.com for more information.

In its first year, Credibility International’s work involved operations in Argentina, Brazil, Egypt, Venezuela, Vietnam and the United States. Assignments included financial due diligence, forensic accounting investigations, insurance solvency, and testimony as damages experts in international arbitration and US courts. Industries ranged from commodities, consulting, education, insurance, medical supplies, mining, oil and gas, pharmaceuticals, shipping, and telecommunications.

“A year ago, we took advantage of a rare opportunity to leave the world of the large consulting firms to have our sole focus on delivering great client service,” says Tim Hart, Founder of Credibility International. “During this maiden year, our clients have trusted Credibility with a variety of high-stakes, challenging and interesting assignments.”

With expertise in accounting and finance, Credibility International has professionals in Washington, Chicago and San Francisco who are CPAs, fraud examiners and valuation professionals. The team has native language capabilities in Russian and Spanish.

“As we embark on our second year, we sincerely thank those clients, both new and old, who put their trust in Credibility during our first year. We have truly enjoyed working as a much nimbler, client-focused team and don’t miss the administrative duties, distractions and conflicts that come with life inside a large global firm. Our firm structure has allowed us to offer alternative arrangements that have been more creative and valuable to our clients.”

Credibility would like to welcome its two newest team members, Rebecca Velez and Tyler Smith. Both Rebecca and Tyler are former colleagues who help deepen Credibility’s international experience. Rebecca joined as a director and brings to our team significant international arbitration experience with a particular depth in Latin American disputes. Tyler is a senior consultant and brings a broad range of disputes and investigations experience and most recently had worked in a micro-finance role in Kenya.

Credibility acknowledges its important collaboration with Natoma Partners in helping to assemble trusted teams to solve our client’s most important problems.

About Credibility International

Credibility International is a team of forensic accountants and independent arbitration experts. Based in Washington DC, the company works internationally in a variety of jurisdictions. Practice areas include damages, investigations and solvency. The company has partners with many years of experience from the biggest firms in the industry. Visit www.credibilityinternational.com

Tim is a forensic accountant experienced in the financial and quantitative aspects of international and domestic disputes and investigations. Tim has provided expert testimony in multi‐million and billion US dollar disputes in forums around the world. He has assisted clients with many large accounting and financial fraud investigations. Tim has deep expertise in insurance insolvency situations.

Professional experience

Prior to founding Credibility International in 2010, Tim was with: (1) Huron Consulting from 2008 to 2010 as a vice president and head of the Accounting & Financial Consulting practice; (2) Navigant Consulting from 2002 to 2008 as a managing director, member of the management committee and leader of the Disputes & Investigations practice; (3) Arthur Andersen where he began as a staff auditor in 1984 and finishing as a partner in 2002 where he was a regional practice leader; and (4) Prime Capital where he managed the equipment lease portfolio from 1990 to 1991.

Disputes

Since 1984, Tim has analyzed the financial aspects of disputes in all forms of dispute resolution. He has testified in hearings and trials, submitted expert testimony or served as an arbitrator primarily relating to accounting, damages, valuation, economics and financial issues in the following matters:

International Disputes Testimony:

• Crystallex International Corporation v. Bolivarian Republic of Venezuela; Expropriation; ICSID Case No. ARB(AF)/11/2. Filed an expert report on damages in November 2012. Dispute involves the valuation of an investment in a gold mining concession in Venezuela. (Engaged by respondent; parties from Canada & Venezuela)
• Franck Charles Arif v. Republic of Moldova; Expropriation; International Centre for Settlement of Investment Disputes (ICSID) Case No. ARB/11/23. Testified in Paris in November 2012. Filed expert reports on damages in October and May 2012. Dispute involves the investment in duty free shops at an airport in Moldova and on the Moldovan/Romanian border. (Engaged by respondent; parties from France & Moldova)
• Telecom Egypt Company v. Vodafone Egypt Telecommunications, Vodafone Group Plc, Vodafone Europe BV, Vodafone International Holdings BV; Breach of Contract; Cairo Regional Center for International Commercial Arbitration (CRCICA) arbitration 650 of the year 2009. Filed expert reports on damages in October 2012, January 2011 and November 2011. Dispute involves an agreement between the fixed line operator and a wireless operator on matters of interconnect and other settlement charges. (Engaged by claimant; parties from Egypt)
• Highbury International AVV and Ramstein Trading Inc. v. Bolivarian Republic of Venezuela; Expropriation; ICSID Case No. ARB/11/1. Testified in Washington in August 2012. Filed expert reports on damages in May 2012 and December 2011. Dispute involves the valuation of an investment in gold and diamond mining concessions in Venezuela. (Engaged by respondent; parties from Netherlands & Venezuela)
• Merck Sharpe & Dohme (I.A.) Corp. v. The Republic of Ecuador; Denial of Justice; UNCITRAL Arbitration Case No: 2012-10. Filed expert reports regarding the financial condition of the claimant in July and August 2012. Dispute involves a request for interim measures involving a $150 million judgment in Ecuador. (Engaged by respondent; parties from US and Ecuador)
• International College of IT and Management (U.S.A.) v. Troy State University; Breach of Contract; International Chamber of Commerce (ICC) case number 16 892/VRO. Testified in New York in February 2012. Filed expert reports on damages in August and December 2011. Dispute involved college programs in Vietnam. (Engaged by respondent; parties from Vietnam & US)
• The Egyptian Company for Mobile Phone Services (Mobinil) v. Telecom Egypt Company; Breach of Contract; Cairo Regional Center for International Commercial Arbitration (CRCICA) arbitration 644 of the year 2009. Filed expert reports on damages in January 2012 and December 2010. Dispute involves an agreement between the fixed line operator and a wireless operator on matters of interconnect and other settlement charges. (Engaged by respondent; parties from Egypt)
• Regis Paillardon v. Archer‐Daniels‐Midland Company and ADM Latin America, Inc.; Breach of Contract; American Arbitration Association (AAA) International Centre for Dispute Resolution case number 50180T004310. Testified in Miami in September 2011 as damages expert. Filed an expert report in July 2011.  Dispute involves a joint venture dealing in agricultural commodities. (Engaged by respondent; parties from Venezuela & US)
• Fluviomar International Limited v. MMX Corumbá Mineracáo S.A. and MMX Metálicos Corumbá Ltda; Breach of Contract; Society of Maritime Arbitrators. Filed a post‐award affidavit in the U.S. District Court Southern District of New York in July 2011. Testified in New York in August 2010. Filed an expert report on damages in June 2010. Dispute involved a shipping contract for iron ore and pig iron. (Engaged by respondent; parties from Argentina & Brazil)
• Diners Club Ecuador S.A. v. Diners Club International Ltd; Breach of Contract; International Court of Arbitration, International Chamber of Commerce case number 15540/JRF. Testified in London in July 2010 as damages expert. Filed expert reports on damages in May 2010 and October 2009. Dispute involved the operation of payment card operations in Ecuador. (Engaged by respondent; parties from Ecuador and US)
• British Sky Broadcasting Limited and Sky Subscriber Services Limited v. Electronic Data Systems Limited and Electronic Data Systems Corporation: Breach of Contract; Testified in the High Court of Justice, Queen’s Bench Division – Technology and Construction Court (England & Wales) in July 2008 as damages expert and filed a joint memorandum of the experts following the judgment in February 2010. Filed a number of expert reports in respect of costs and lost benefits from August 2007 through June 2008 on breach of contract and negligent misrepresentation claims relating to a customer relationship management system. Matter settled following award. (Engaged by defendant)
• Vannessa Ventures Ltd. v. Bolivarian Republic of Venezuela; Expropriation; ICSID case No. ARB(AF)/04/6. Filed expert reports on damages in January 2010 and March 2009. Dispute involves the valuation of a gold mine in Venezuela. (Engaged by respondent; parties from Canada & Venezuela)
• Diners Club (Singapore) Pte. Ltd., Diners Club (NZ) Ltd., Diners Club (Malaysia) Sdn. Bhd. v. Diners Club International Ltd; Breach of Contract; ICC case number 15339/JEM. Testified in London in December 2009 as damages expert. Filed expert reports in September and February 2009. Dispute involved the operation of payment card operations in Singapore, New Zealand and Malaysia. (Engaged by respondent; parties from Malaysia, New Zealand, Singapore & US)
• S&T Oil Equipment & Machinery LTD. v. The Government of Romania; Expropriation; ICSID case No. ARB/07/13. Filed expert reports on damages in July 2009 and December 2008. Dispute involved the privatization of an ammonia plant in Romania. Matter discontinued due to lack of payment by claimant. (Engaged by respondent; parties from US & Romania)
• MMX Corumbá Mineracáo LTDA and MMX Trade & Shipping LLC v. Eregli Demir Ve Çelik Fabrikalari; Breach of Contract; International Court of Arbitration, ICC case number 16056/VRO. Filed an expert report on damages in July 2009. Dispute involved a supply contract for iron ore involving parties from Brazil, Turkey and the US. Matter settled. (Engaged by claimant; parties from Brazil & Turkey)
• Nejapa Power Company, LLC v. Comisión Ejecutiva Hidroeléctrica Del Río Lempa; Breach of Contract; Testified in April 2009 in Washington as damages expert. Filed expert reports in March 2009 and October 2008 in an international arbitration conducted under the rules of the UN Commission on International Trade Law on dispute relating to a power purchase agreement in El Salvador. (Engaged by respondent; parties from US and El Salvador)
• FLAG Telecom Group Limited v. Videsh Sanchar Nigam Limited; Breach of Contract; ICC case number 13 638/JNK/EBS. Testified in The Hague in November 2007 as damages expert. Filed expert reports in October and May 2007 on lost profits claim relating to international telecommunications and the Indian market. Claimant awarded damages in an amount presented by Hart. (Engaged by respondent; parties from UK & India)
• UEG Araucaria Ltda. v. Companhia Paranaense de Energia; Breach of Contract. Filed expert reports in May and December 2005 in an ICC case on the losses sustained by a consortium of investors contracted to build a gas-fired thermal power plant in Brazil. Matter settled. (Engaged by claimant; parties from US & Brazil)
• Noble Ventures v. The Government of Romania; Expropriation; ICSID case No. ARB/01/11. Filed expert reports in January and August 2004. Dispute involved the privatization of a steel company and related assets in Romania. The tribunal returned a decision awarding no damages to the claimant. (Engaged by respondent; parties from US & Romania)
• GAMI Investments, Inc. v. The Government of the United Mexican States; Expropriation; NAFTA. Filed expert reports in February 2004 and February 2003. Matter involved the valuation of the investment in five sugar mills and the damages related to an expropriation in Mexico. The mills were returned just prior to the hearings. (Engaged by claimant; parties from US and Mexico)
• Ceskoslovenska Obchodni Banka (CSOB) v. The Slovak Republic; Breach of Contract; ICSID case No. ARB/97/4. Testified as damaged expert in April 2003. Filed expert reports in August 2001 and November 1999. Dispute involved the moneys owed related to the obligations of the Slovak Republic relating to the debt of the foreign trade bank of the former Czechoslovakia. Award for claimant of $877 million. (Engaged by claimant; parties from Czech Republic & Slovak Republic)
• Americas and Caribbean Power Limited v. The Cooperative Republic of Guyana; Investment Dispute; Private arbitration. Served as the chair of the panel of Arbitrators in March 2003 relating to a dispute over tariffs and the required capital investments. (Engaged as the chair of the panel; parties from US & Guyana)
• MCI Global Resources, Inc. And MCI International, Inc., V. Metro Position Sdn. Bhd.; Breach of Contract; ICC, Case No. 9134/CK. Testified in September 1997 in Paris. Filed an expert Report in May 1997. Dispute involved pre‐paid calling cards. (Engaged by claimant; parties from US & Malaysia)

US Disputes Testimony:

• John DeGroote Services, LLC, et. al. v. F. Edwin Harbach, et. al.; Breach of Fiduciary Duties; Circuit Court Fairfax, Virginia, civil action no. 2011-10612. Filed an expert report on damages in January 2013. Dispute involves claims against a former officer and the directors of BearingPoint related to events preceding bankruptcy. (Engaged by defendant)
• Oral Cancer Prevention International, Inc. v. OraPharma. Inc., Johnson & Johnson, and Johnson & Johnson Consumer Companies, Inc.; Breach of Contract; American Arbitration Association, case no. 13 122 Y 01477 12. Filed an expert report on damages in December 2012. Dispute involves distribution rights for an oral cancer detection product. (Engaged by claimant)
• John Garamendi v. Altus Finance S.A. et al; Fraud; U.S. District Court for the Central District of California, case no. CV-99-02829 (CWx). Testified in jury trial in October 2012 and deposition in August 2009. Filed an expert report on damages in April 2009 involving the insolvency of Executive Life Insurance Company and the fraud involving the French government. (Engaged by plaintiff)
• Spanski Enterprises, Inc. v. Telewizja Polska S.A.; Breach of Contract; U.S. District Court for the Southern District of New York, case no. CV 10 CV 4933. Filed expert reports on damages in April and May 2012. Testified in deposition in June 2012. Dispute involves distribution rights for Polish television content for broadcast and Internet distribution in the Americas. (Engaged by defendant)
• BDO Seidman LLP v. Morgan Lewis & Bockius LLP; Professional Negligence/Legal Malpractice/Breach of Fiduciary Duty/Fraud/Breach of Contract; Superior Court for the District of Columbia. Testified in deposition in November 2011. Filed an expert reports on damages in January 2012 and October 2011. Dispute involved legal advice to the accounting firm in general and their tax products business. (Engaged by plaintiff)
• PSM Holding Corp v. National Farm Financial Corporation et al; Breach of Contract, Fraud; U.S. District Court for the Central District of California, case no. CV 05-8891 MMM (FMOx). Testified in deposition and filed an expert report as the court appointed expert on valuation in March 2012. Dispute involves claims for restitution relating to an insurance company that was improperly transferred and later returned to the original owner. (Engaged as court appointed expert)
• Petrus W. Roelvink, Ph.D v. Medimmune, LLC; Wrongful Termination; AAA. Filed an expert report on damages in February 2011 involving lost back pay and future lost compensation. Matter settled before the hearing. (Engaged by respondent)
• Fifth Third Bank v. Transamerica Life Insurance Company and Clark Consulting, Inc.; Breach of Contract, Breach of Fiduciary Duty, Professional Negligence, Fraud, Negligent Misrepresentation and Insurance Bad Faith; U.S. District Court Southern District of Ohio Western Division. Testified in deposition in January 2010. Filed an expert report on damages in November 2009. Dispute involved the performance of investments supporting Bank Owned Life Insurance. Matter settled before trial. (Engaged by defendants)
• Invensys Building Systems, Inc. et al. v. Aztec Energy Partners, Inc. et al.; Tortious Interference; Federal District Court for the Northern District of Georgia 1:03-CV-1727 (BBM). Filed an expert report in February 2004 on lost profit damages and valuation of the loss of enterprise value relating to the departure of key employees and their actions in an energy controls business. (Engaged by plaintiff)
• Eplus, Inc. v. Centura Bank; Breach of Contract; AAA case number 16 Y 168 00417 01. Filed an expert report on damages in January 2002. Testified in deposition in June 2002. Matter involved a post-acquisition dispute relating to an equipment leasing company. Case settled. (Engaged by plaintiff)
• DCV Holdings, Inc. v. ConAgra, Inc. and DuPont et al.; Breach of Contract and Antitrust; Delaware Superior Court case No. 98C-06-301-JEB. Testified in deposition in November 2001. Filed an expert report in October 2001. Matter involved a post purchase dispute involving allegations of breach of warranties arising from antitrust and accounting issues. (Engaged by defendants)
• MCI WorldCom Communications, Inc. v. Electronic Data Systems Corporation, et al.; Breach of Contract; AAA, Arbitration No. 13-Y-180-00223-01. Filed an expert report in July 2001 rebutting the opinions of an economist and accountant regarding issues of damages and liability in a case involving an outsourcing contract valued at over $6 billion. (Engaged by plaintiff)
• Bernard B. Fulk III v. Washington Service Associates et al.; Breach of Contract; Delaware State Chancery Court case no. 17747. Filed affidavit testimony in May 2001 providing findings and opinions regarding the application of Generally Accepted Accounting Principles as related to the potential dissolution of a business. (Engaged by defendant)
• District of Columbia – City Council; Legislative; Hearings on proposed legislation, the New Economy Transformation Act of 2000, July 2000. Testified on the potential fiscal impact to the District of Columbia resulting from the economic and tax incentives in the proposed legislation. The legislation as proposed became law. (Engaged by bill sponsors)
• CSX Corporation v. Norfolk Southern Corporation; Breach of Contract; AAA. Testified in September 1999. Dispute involved the appropriate treatment of the Philadelphia headquarters office lease under the transaction agreement related to the split of Conrail. Testimony involved the application of Generally Accepted Accounting Principles and the economics of the lease transaction. (Engaged by plaintiff)
• Callaghan v. Gruner & Jahr; Breach of Contract; AAA. Testified in June 1999. Dispute involved the application of Generally Accepted Accounting Principles pertaining to computation of income and assets related to contractual compensation. (Engaged by plaintiff)
• Richard Hines v. Win Laboratories; Breach of Contract; Virginia State Court. Testified in deposition in February 1999. Dispute involved a claim for a bonus on the basis of lost profits related to the manufacture and sale of personal computers. (Engaged by defendant)
• H.G. Smithy v. Cushman & Wakefield; Breach of Contract; Arbitration October 1998. Served as arbitrator; Dispute involved the calculation of the purchase price on the sale of a real estate management company portfolio including the appropriate revenue to consider and treatment of overhead expenses.
• D’Andrea v. American Communications Services Inc.; Breach of Contract; Anne Arundel County Court, Maryland. Testified in deposition in June 1998. Filed an expert report in May 1998. Matter involved an employment dispute with testimony on internal controls and the operations of accounting and finance departments. (Engaged by plaintiff)
• Group Hospitalization and Medical Services, Inc., v. Policy Management Systems Corporation; Breach of Contract; US District Court, District of Columbia, Civil Action No. 97cv790. Testified on damages in deposition in May 1998. Filed an expert report in March 1998. Dispute involved royalty and commissions due under the contract. (Engaged by plaintiff)
• The Rehabilitation of Mutual Benefit Life; Insolvency; New Jersey Chancery Court, Docket No. C-91-00109. Filed affidavit in January 1998. The affidavit testimony provided the methodology and calculations necessary to file a claim on behalf of the state life and health insurance guaranty associations for creditor claims arising prior to the rehabilitation of the company.
• Liquidation of Coastal States Life; Insolvency; Fulton County (Georgia) Superior Court. Testified at trial in September 1996. Liquidation hearing relating to Coastal States Life Insurance Company. Testimony related to the financial condition of the company and the reinsurance transaction proposed to take care of the affected policyholders.
• Emhart/Dynapert v. Universal Instruments; US District Court, Albany, NY; Patent Infringement; Testified as to lost profit damages in 1991. Filed an expert report in 1991. (Engaged by plaintiff)

Corporate Restructuring / Insolvency

Tim has assisted stakeholders in troubled financial situations involving restructuring and insolvency, including the following:

• Provided financial, accounting, systems, project management and transaction services relating to insolvencies including: Guaranty Security Life Insurance Company (1991 – 1993), Mutual Benefit Life Insurance Company (1992 – 1994), Investment Life Insurance Company of America (1993- 1994), Consolidated National life Insurance Company (1994), Alabama Life Insurance Company (1994), American Educators Life Insurance Company (1994), Mutual Security Life Insurance Company (1994), Summit National Life Insurance Company (1994), Monarch Life (1994 – 2001), Fidelity Bankers Life Insurance Company (1995 – 2000), National American Life (1995), Executive Life Insurance Company (1996 – 2001), Coastal States Life (1996), American Standard Life Insurance Company (1997-1999); Statesman National Life Insurance Company (1999); Thunor Trust companies (1999-2001); Reliance Insurance Company (2001); London Pacific Life & Annuity (2002-2004); Life and Health Insurance Company of America (2004); Executive Life Insurance Company of New York (2007-2008); Standard Life Insurance Company of Indiana (2008-2011); Shenandoah Life Insurance Company (2009-2011)
• Assisted a financial services regulator in the special examination of a company providing advice on asset valuation issues. (2009-2010)
• Negotiated the multi-million dollar sale of telecommunication assets from a lease portfolio to reduce debt. Coordinated the due diligence with the buyer and implementation of the equipment sale agreement. (1991)

Investigations

Tim has performed a wide range of forensic accounting investigations including situations involving alleged accounting fraud, asset defalcation and violation of regulations or company policy. The following are representative of Tim’s investigative experience:

• Performed investigation of sales practices on behalf of top management of a medical device company (2009).
• Performed a special examination focused upon the distressed assets of a large life insurer on behalf of a state insurance commissioner (2009).
• Performed independent investigation on behalf of the audit committee of the board of directors of a chemical company that was undergoing an SEC investigation (2005-2006).
• Performed independent investigation on behalf of the audit committee of the board of directors of a medical practice company that was undergoing an SEC investigation (2005).
• Performed independent investigations on behalf of the special committees of the board of directors of two for-profit post-secondary education providers responsive to various federal investigations (2005-2006).
• Performed an independent accounting investigation on behalf of the audit committee of a medical device company responsive to an SEC investigation. (2003-2004)
• Performed an investigation and litigation support relating to a cable company involving a wide range of accounting and operational issues (2003-2004).
• Performed an accounting investigation of a retailer responsive to an SEC investigation to identify the causes of a balance sheet misstatement including interviews of top management and operating personnel in concert with forensic accounting review of the related accounts (2002-2003).
• Provided litigation support including forensic accounting and investigative services for counsel to an audit firm in response to the congressional, civil, SEC and criminal investigations and litigation involving an energy company (2002).
• Engaged by the board of a parent company to investigate and then restructure an insurance brokerage (2000).
• Coordinated a team to provide a consortium of law firms with financial analysis, document production, distribution and retrieval of information involving an investment bank’s junk bond operation (1987-1989).
• Investigated and quantified the amount embezzled from a not-for-profit over a two and one half year period (1988).

Audit

Tim performed audits primarily focused upon regulated and government entities.

Speeches

• “Financial Services – The Broken Promises”; University of Notre Dame Mendoza School of Business Ethics Week, February 2012

Education and professional certifications

• Bachelor of Business Administration, University of Notre Dame 1984
• Certified Public Accountant 1986, licensed in Washington, D.C.
• Certified Fraud Examiner 2002

Wanda is a forensic accountant with experience in finance, accounting, litigation, investigations and business advisory services covering a broad range of industries. Her primary areas of focus have been in matters involving assessment of financial damages, analysis of lost profits, forensic accounting and financial fraud investigations.

Professional experience

Prior to joining Credibility International, Wanda was a Managing Director in the Accounting & Financial Consulting practice of Huron Consulting Group and a Director in the Forensic practice of KPMG LLP.

Testimony

Wanda has testified or submitted expert testimony primarily relating to accounting, damages, valuation, economics and financial issues in the following matters:

• Phoenix Global Fund Limited, et al. v. Citigroup Fund Services (Bermuda) Limited and Bank of Bermuda; Breach of Fiduciary Duty; Supreme Court of Bermuda, Commercial Court. Filed an expert report on hedge fund net asset value and potential damages. Testified at trial. Dispute involved allegations that the hedge fund administrator failed to exercise appropriate fiduciary duties leading to damages in a defunct offshore hedge fund. (Engaged by defendants)
• William F. Perkins v. Smith Gambrell & Russell, LLP and C. Gladwyn Goins; Breach of Fiduciary Duty; United States District Court, Northern District of Georgia, Atlanta Division. Filed and expert report on damages and testified at deposition. Dispute involves allegations that a professional services advisor failed to exercise appropriate fiduciary duties leading to damages in a defunct hedge fund. (Engaged by defendants)
• Salt Lake Tribune Publishing Company, LLC v. Management Planning, Inc.; Medianews Group, Inc.; and Kearns-Tribune, LLC; Post Acquisition Dispute; International United States District Court for the District of Utah Central Division. Filed an expert report on valuation issues and testified at deposition. Dispute involved the sale and buy-back provisions of a newspaper publishing company. (Engaged by plaintiff)
• Marsulex, Inc. v. Trelleborg Corporation and Trelleborg AB: Post Acquisition Dispute; American Arbitration Association. Filed and expert report pertaining to valuation issues. Testified in deposition and at arbitration. Details of the matter are confidential. (Engaged by defendants)
• Equal Rights Center v. Post Properties, Inc. et al.; Violation of Fair Housing Act; United States District Court for the District of Columbia. Filed expert report and testified in deposition. (Engaged by defendant)
• Julie Zorzit v. John Zorzit; Divorce Proceeding; Circuit Court, Baltimore County. Filed several expert reports pertaining to forensic accounting, asset tracing, valuation and support needs. Testified in deposition and in Court. (Engaged by plaintiff)

Other Litigation Experience

• Prepared and filed expert reports in a number of matters, including:
  • International credit card fraud,
  • Breach of contract case relating to long-term leases of equipment,
  • Calculation of lost profits and unjust enrichment in the manufacturing industry,
  • Wrongful death claims including valuation of business interests.
• Investigated and analyzed damages relating to the failure and liquidation of an offshore hedge fund.
• Prepared an analysis of lost profits on the sale of ten retail drugstores for a national chain. Analysis included assumption of completion of build-to-suit sites, analysis of appropriate cap rates, review of comparable sales, review of relevant costs, and consideration of adjacent development.
• Calculated damages related to the alleged theft of trade secrets from a startup company in the telecommunications industry.
• Calculated lost profits and diminution of value to a retail outlet based on changes in mall tenants and related traffic patterns.
• Analyzed damages relating to a dispute over the proper ownership of an urban mall. Analysis included an evaluation of leases, market conditions and surrounding retail space.
• Calculated damages related to the performance of investments supporting Bank Owned Life Insurance.
• Analyzed post-acquisition sales tax liability for a national dollar store chain involved in multi-state review of pre-acquisition tax practices.
• Calculated damages related to the alleged theft of trade secrets and copyright infringement in the home safety industry. Measures of damages included lost profits, disgorgement of profits and reasonable royalty.
• Analyzed GAAP issues surrounding a purchase price dispute involving the acquisition of a multi-national chemical company.
• Used statistical measures to analyze a breach of contract claim centering on an allegation of lost receivables due to inappropriate billing practices for a cardiac care facility.
• Calculated damages involving the insolvency of an insurance company.
• Performed analysis as to the proper calculation of commissions and other damage amounts relating to charges of misappropriation of trade secrets and conversion in the office furniture industry.
• Calculated damages related to the alleged theft of trade secrets in the software industry.
• Calculated damages based on allegations of mismanagement and accounting errors in the hotel industry.
• Completed a solvency analysis of a large management company in the hotel industry including valuation of intangible assets in complex financial arrangements.
• Managed the analysis of the effects of debt subordination on partnership distributions in a case involving a complex, interrelated organizational structure and multiple related party transactions in the real estate industry.
• Performed financial analysis of long-term, property leases in the assessment of damages in a banking industry case.
• Analyzed damages to a local utility provider resulting from a RICO/fraud case involving vendor kickbacks, fraudulent billing, falsified records and test results. Worked with the attorneys and client on matters of strategy and discovery.
• Prepared financial analysis for an international arbitration in the health insurance industry involving the alleged wrongful termination of an executive. Analysis included valuation of employee stock options as an element of damages.
• Calculated damages alleged in an agent dispute in the telecommunications industry involving commissions and attrition rates.
• Evaluated damages relating to an alleged executive-level, wrongful termination and calculated counterclaim lost-profits damages on behalf of the employer. Alleged wrongful termination damages included analysis of employee stock options.
• Prepared financial analyses for arbitration in the healthcare industry involving parties in post acquisition dispute over contract interpretation.
• Calculated damages in a breach of contract case in the consumer foods industry. This analysis included extensive research and knowledge of transfer pricing issues.
• Developed damage models in a pharmaceutical, breach of contract case.
• Participated in claim analysis for physicians involved in a qualified pension plan dispute. Determined the after tax economic effect of various plans for the purposes of settlement.

Forensic Accounting/Investigations

Wanda has performed a wide range of forensic accounting investigations including situations involving alleged accounting fraud, asset defalcation and violation of regulations or company policy. The following are representative of Wanda’s investigative experience:

• Traced transactions through an offshore bank to determine previously unknown relationships and compliance with certain anti-money laundering regulations.
• Investigated $10 million cash shortfall uncovered during the annual audit of an international equipment rental company.
• Provided multi-year forensic accounting services to the Board of a major transportation company relating to allegations of misconduct by financial officers and staff.
• Worked to recreate, analyze and reconcile intercompany transactions for an international company in the process of restating several years of financial statements.
• Examined the charitable arm of a major real estate company after the Board initiated in investigation of corporate compliance matters.
• Investigated suspected FCPA violations for an international construction company.
• Analyzed the “rainy day fund” of a major retailer involved in the process of restating several years of financial statements.
• Investigated allegations of misappropriation in two worldwide charitable organizations.
• Participated in a proactive forensic investigation of potential Medicare fraud in a major nursing care network. Utilized statistical procedures to measure compliance with Medicare regulations as well as parent company policies.
• Analyzed financials, prepared reports, and developed summary conclusions for a multi-million dollar corporate recovery project in the food services industry.

Education and professional certifications

• Master of Business Administration, Finance, University of Maryland, 1998
• Bachelor of Science, Business Management, University of Maryland University College, 1994
• Bachelor of Science, Elementary Education, University of Maryland, 1990
• Certified Public Accountant, licensed in Maryland, 2003
• Certified in Financial Forensics (AICPA), 2009

Laura has over eleven years of experience providing accounting and financial advisory services to companies and legal counsel on a variety of issues surrounding financial investigations, litigation, international arbitrations and other disputes. Laura has worked on client assignments involving damages analyses involving complex contract disputes and intellectual property, valuations, investigations and bankruptcies in a variety of industries. Laura has extensive experience in assisting with internal and external investigations of financial institutions.

Professional experience

Prior to joining Credibility Consulting LLC, Laura provided similar accounting and financial advisory services at Huron Consulting Group; KPMG; and InteCap. Laura’s primary focus has been in litigation support and damage analysis with focus on intellectual property, valuation and international arbitration matters.

Disputes & Litigation

• Managed engagement team in international contract dispute involving wrongful termination of joint venture agreement involving the sales of commodities in Venezuela.
• Managed engagement team in international contract dispute involving wrongful termination of contract related to the offering of higher education programs in Vietnam.
• Managed engagement team in international contract dispute involving interconnection rates between African fixed and mobile telecommunication operators.
• Managed engagement team in an international maritime dispute related to the contractual arrangements for the shipment of iron ore involving parties from Argentina and Brazil.
• Managed engagement teams in preparation of damage assessments related to patent infringement matters in a variety of industries, including online wagering technology, computer hardware and software, internet-related technologies, toys and games, food additives and hurricane protection.
• Managed engagement team in international contract disputes involving a credit card operator and its franchisees, which involved the assessment of potential lost profits and other potential financial harm involving parties from Ecuador, Malaysia, New Zealand, Singapore and the US.
• Managed engagement team in an international investment treaty dispute, which involved the assessment of value of a Romanian chemical plant.
• Prepared damage analysis, drafted expert report and prepared expert for deposition and trial testimony for legal malpractice matter involving reasonable royalty damages for technology in the wireless telecom industry.
• Prepared damage analysis for a Trade Secret infringement case in the software industry.

Valuation & Licensing

• Managed engagement team in an appraisal action to assess the fair value of a Russian telecommunications company in the Delaware Chancery Court.
• Assisted in the valuation of intellectual property portfolios and developing and implementing intellectual property licensing programs in a variety of industries, including interactive television, semiconductors and Bluetooth technology.
• Assisted with the determination of the extent of past and future financial damage to a well-known toy brand as a result of the negative impact of lead paint related recalls of its products

Financial Investigations, Fraud & Forensic Accounting

• Conducted royalty investigations to determine damages related to the alleged underpayment of royalties in the software industry and pharmaceutical industry.
• Managed team assisting government with Bank Secrecy Act compliance and fund tracing investigation. Drafted reports to the government on our progress and findings.
• Assisted government regulators in an investigation involving Anti-Money Laundering and Bank Secrecy Act compliance and fund tracing for a financial institution. Drafted multiple reports to the regulators on our progress and findings.

Education and professional certifications

• Masters of Business Administration, University of Maryland, College Park, Maryland. 2006.
• Bachelor of Science in Business Administration, Finance, Villanova University, Villanova, Pennsylvania. 2000.
• Accredited Valuation Analyst, 2009.

Professional associations

• Associate Member, American Bar Association
• Member, Licensing Executives Society
• Member, National Association of Certified Valuators and Analysts

Publications

• “Post Enron – What is Involved if Earnings Management is Suspected?”, The Institutional Corporate Law Section Newsletter, National Bar Association, Vol. 8, No. 3, November 2002.
• Co-author; “Update on International Commercial Crime”, What’s New in U.S. Litigation? Second Annual U.S. Litigation Seminar, October 14, 2004 and republished; “International Commercial Crime: Money Laundering”, The Institutional Corporate Law Section Newsletter, National Bar Association, Vol. 10, No. 3, October 2004.
• Co-author; “Post-Acquisition Disputes: A Financial Perspective”, The Commercial Law Connection, National Bar Association, Vol. 3, Issue 2, Summer 2006.
• Co-author; Chapter 7: “Compliance Programs and Anti-Money Laundering Efforts”, Building A World-Class Compliance Program: Best Practices and Strategies for Success, John Wiley & Sons, Inc., 2008.

Testimonial experience

• Senate Committee on Governmental Affairs, regarding BSA/AML findings and compliance with an investigation into a Washington, DC Financial Institution (2004).