Expert analysis and testimony in the context of litigation and/or commercial disputesDisputes Consulting
Frank A. Lazzara is a managing director in the Disputes Consulting practice of Duff & Phelps, based in New York. Frank provides disputes resolution, investigative and accounting expertise to attorneys in litigation and arbitration. He has more than 30 years of experience in forensics, financial operations consulting, public accounting, internal audit and private industry.
Frank has extensive experience directing acquisition-related purchase price dispute assignments serving as a party-advisor, expert witness and neutral accounting arbitrator. He has managed domestic and international arbitration cases involving corporate M&A in the beverages, technology, retail, security alarm, software, government defense and automobile accessories manufacturing industries.
He has experience with class action litigation within the mortgage industry and has advised on complex commercial disputes in the telecommunications, monoline insurance, retail and packaging industries.
He has been retained by boards of directors to investigate allegations of financial statement misrepresentation, fraud and asset misappropriation. Frank has led cases involving NYSE regulatory compliance examinations and has advised on high profile securities litigation cases involving the interpretation and expert application of Generally Accepted Accounting Principles (GAAP) and auditor compliance with Generally Accepted Auditing Standards (GAAS).
He has international experience with pharmaceutical companies in Europe and Asia investigating alleged violations of, and ensuring compliance with, the Foreign Corrupt Practices Act. Frank has directed forensic investigations in the hedge fund industry centering on allegations of fraud by investment advisors, has led audit committee and SEC inquiries involving allegations of accountant’s malpractice and has conducted investigations in support of financial reporting restatements.
Prior to his forensics career, Frank supervised teams in the execution of internal and independent audits. His private industry experience is in telecommunications where he served as CFO and Controller for a competitive local exchange carrier (CLEC). For the telecommunications startup, he was directly responsible for building all aspects of the financial organization including policies and procedures, billing processes, systems, staffing and reporting.
Frank has public accounting experience with PricewaterhouseCoopers with industry expertise in the leasing, manufacturing and retail sectors. Additionally, he has served as an internal auditor for Goldman Sachs with an emphasis in compliance and internal controls reviews. While at Goldman Sachs, he supported the firm’s internal control environment by devising and implementing fraud prevention initiatives.
Education and Accreditations
Frank holds a B.B.A. in public accounting (magna cum laude) from Pace University’s Lubin School of Business. He’s a Certified Public Accountant in New York, holds a Certification in Financial Forensics, is a Certified Fraud Examiner and is a member of the American Institute of CPAs and the New York State Society of CPAs.