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Formed in 1980 by its principal, Thomas A. Myers, T.A. Myers & Co. has broad experience in providing consulting and training services to virtually every segment of the financial services industry covering a wide range of topics including reasonable and prudent policies and procedures, problem asset management, directors and officers liability, commercial fraud, securities fraud, and structured finance. Notable clients for whom we have provided consulting and/or training services include the Federal Bureau of Investigation, the United States Secret Service, the United States Department of Justice, the United States Attorney General's Office, the Federal Reserve, the Advanced White Collar Crime School (presented by the Federal Financial Institutions Examination Council for representatives of the OCC, OTS, FDIC, and NCUA), the American Bankers Association, and numerous national law firms. T.A. Myers & Co. also provides extensive professional services in complex commercial litigation involving, among other things, public company fraud, shareholder derivative litigation, independent auditor liability and sophisticated banking issues. Our firm has been sought out on numerous occasions for its forensic investigatory acumen by some of the most prominent national law firms to review complex pleadings and complaints in connection with many of the largest banking and capital markets players in the world. The firm has extensive experience in the analysis of subprime lending and regulatory matters ranging from mortgage servicing and originations, to litigation involving complex billion dollar credit card, mortgage and automobile securitization accounting and finance issues, and we have consulted on a myriad of situations involving litigation related thereto. We have been involved on various occasions in situations related to corporate backdated option scenarios, including related accounting, tax, securities fraud and shareholder derivative implications. T.A. Myers &
Co. has provided expert witness testimony and expert analysis in numerous
notable cases including critical testimony for the Securities and Exchange
Commission in the landmark In the Matter of Bank of Boston, dealing
with false and misleading disclosures by management, the DPL shareholder
derivative case, which settled for $143 million, and the securities
fraud class action lawsuit against BankAmerica, which was resolved for
a then-record cash settlement of $490 million. T.A. Myers & Co.
also provided extensive technical assistance in drafting one of the
major Enron complaints and subsequent pleadings. Our principle, Thomas
A. Myers, also testified in a case of first impression against a well
known (now defunct) Wall Street firm, which became the first investment
banking firm in history to be held liable in a securitization for the
fraud of the issuer. Recently, T.A. Myers & Co. has provided expert
witness or litigation consultation services in actions involving AIG,
Ambac, Bank of America, Bear Stearns, Citigroup, Countrywide, HSBC,
JP Morgan Chase, KeyCorp, MBIA, McGraw-Hill, Merrill Lynch, Moody's,
Royal Bank of Canada, Royal Bank of Scotland, UBS, Wachovia, and Bernie
Madoff, among others In addition to the
services previously described, T.A. Myers & Co. has frequently provided
input and consulting for government regulators, including testimony
before the United States Congress to critique proposed revisions to
banking regulations and prepared a report for the Congressional record
dealing with the liability of professionals from various disciplines
for losses to financial institutions resulting from fraud and/or negligent
acts. In 2009, the Board of Governors of the Federal Reserve engaged
Mr. Myers to develop and chair a week-long symposium regarding structured
finance products in Washington, D. C. for representatives of each of
the major federal banking regulatory agencies to discuss issues including
CDO valuation, credit analysis, modeling of the cash flow waterfall,
securitization issues including credit enhancement and subordination,
credit default swap credit events, the role of the credit rating agencies,
and other relevant issues. |
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