William C. Nugent
Senior Managing Director and Global Head of Client Advisory
Investigations, Diligence and Compliance
Philadelphia
Turning a Nearly $700MM Loss into a Favorable Settlement
Learn how Kroll’s sophisticated asset tracing and data analytics capabilities supported a client in need of financial recovery.
The Challenge
The Challenge
A financial institution experienced a potential loss of more than $700 million arising from its investment in a loan portfolio. The loans had been sold by a third-party institution’s investment funds and the seller of the loans defaulted. The client’s problem was unique because the debtors—a combination of individuals and corporate entities—held a wide array of assets across disparate industries and had avoided making payments on substantial monetary judgments obtained against them in the past by shifting assets across their vast portfolio in a classic “shell game”. The client engaged Kroll to conduct a search for assets owned or controlled by the debtors and assist in their recovery.
Kroll Solution
Kroll performed a complex asset search of the debtors, identifying nearly 300 affiliated corporate entities used by them to hold assets, and assisted in tracing the loan proceeds. Our work also involved mapping of the nearly 2,000 parcels of real property we identified for the debtors and their proxies across 55 jurisdictions in eight U.S. states, using sophisticated data analytics and visualization tools. Kroll’s comprehensive findings helped the client develop and execute its negotiation strategy with the debtors and provided strategic leverage in ongoing debt negotiations.
Kroll's comprehensive findings helped the client develop execute its negotiation strategy with the debtors, supporting various theories of liability, and provided strategic leverage in ongoing debt negotiations.
Kroll's comprehensive findings helped the client develop execute its negotiation strategy with the debtors, supporting various theories of liability, and provided strategic leverage in ongoing debt negotiations.
The Impact
The facts and evidence developed by Kroll were critical to the client’s success in obtaining a substantial financial settlement and a favorable overall resolution of the client’s complex restructuring process. Harnessing our best-in-class technical and industry expertise, Kroll was able to deliver a timely, strategic and comprehensive solution for our client as it successfully navigated a major financial loss that posed grave risk to its business and reputation.
Need help staying ahead of a complex challenge?
The Impact
The facts and evidence developed by Kroll were critical to the client’s success in obtaining a substantial financial settlement and a favorable overall resolution of the client’s complex restructuring process. Harnessing our best-in-class technical and industry expertise, Kroll was able to deliver a timely, strategic and comprehensive solution for our client as it successfully navigated a major financial loss that posed grave risk to its business and reputation.
Need help staying ahead of a complex challenge?
Discover More Client Stories
Hiring for Your Firm? Keep Risk and Reputation in the Forefront
Risk and Reputation
Hiring for Your Firm? Keep Risk and Reputation in the Forefront
The head of anti-bribery and corruption of a large gaming company required urgent background checks on an individual who was recommended by senior staff for a high-level position within the organization. Click to read more details on our global approach to Compliance and Regulation.
Cost of Capital
Fixing Pricing Strategy to Drive Growth
Discover how Kroll engaged with the client's Board to explain the concepts and nuances of cost of capital so that they could pursue new deals and unlock growth.
Valuation
Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes.
Cyber and Data Resilience
Incident response, digital forensics, breach notification, security strategy, managed security services, discovery solutions, security transformation.
Compliance and Regulation
End-to-end governance, advisory and monitorship solutions to detect, mitigate and remediate security, legal, compliance and regulatory risk.
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Investigations and Disputes
World-wide expert services and tech-enabled advisory through all stages of diligence, forensic investigation, litigation, disputes and testimony.
Digital Technology Solutions
Enriching our professional services, our integrated software platform helps clients discover, quantify and manage risk in the corporate and private capital market ecosystem.
Business Services
Expert provider of complex administrative solutions for capital events globally. Our services include claims and noticing administration, debt restructuring and liability management services, agency and trustee services and more.
Environmental, Social and Governance
Advisory and technology solutions, including policies and procedures, screening and due diligence, disclosures and reporting and investigations, value creation, and monitoring.
Kroll is headquartered in New York with offices around the world.
One World Trade Center
285 Fulton Street, 31st Floor
New York NY 10007
Sign up to receive periodic news, reports, and invitations from Kroll.
Our privacy policy describes how your data will be processed.
© 2024 Kroll, LLC. All rights reserved.
Kroll is not affiliated with Kroll Bond Rating Agency,
Kroll OnTrack Inc. or their affiliated businesses. Read more.