Disputes and Investigations and Legal Management Consulting
Complex investigations, arbitrations, and litigation and legal management.Disputes and Investigations and Legal Management Consulting
Frank McGuire is a director in the Washington, D.C. office and is a member of the firm’s Disputes and Investigations practice. Frank has more than 22 years of experience in calculating economic damages and providing expert witness services, leading forensic accounting and fraud investigations, financial statement auditing and tax consulting.
Frank has substantial experience in commercial damages matters, conducting complex financial analyses and preparing expert reports for a variety of disputes including lost profits, lost earnings of persons, securities litigation, valuations, patent infringement, royalty audits, government contractor disputes, abusive tax shelters, alter ego analyses and business interruption insurance claims. Frank has been qualified and testified as an economic expert witness in Federal Court, State Court and in arbitration proceedings.
Key litigation experience highlights include:
Prepared a rebuttal analysis for a government-sponsored enterprise in an $800 million dispute involving the originator and servicer of residential mortgage loans;
Prepared a lost profits analysis for a major health plan in a $36 million breach of contract arbitration with a provider group;
Contributed to a damages analysis for a utility company in a $300 million breach of contract dispute;
Prepared an analysis quantifying both lost compensation and the terminal value of a business venture in a $26 million wrongful death case;
Prepared damages analyses in a variety of patent infringement matters involving products such as DC/DC power converters, paint stripping/lead abatement systems and a fluid management technology for slide preparation in medical labs; and
Contributed to the quantification of loss for a manufacturer in support of a $500 million business interruption insurance claim.
Frank has also conducted numerous forensic accounting investigations in matters involving financial statement fraud, asset misappropriation, corruption, white collar civil/criminal defense, campaign finance compliance, FINRA disciplinary proceedings and SEC enforcement actions.
Key forensic accounting investigation experience highlights include:
Led the forensic audits of campaign finances for candidates in the 2010-2011 and 2015-2016 International Brotherhood of Teamsters International Officers Elections;
Prepared a rebuttal report on behalf of the CFO of a major commercial bank accused of securities fraud in a civil complaint;
Led a team preparing a rebuttal analysis of alleged accounting improprieties by corporate executives in an $18 million white collar criminal defense matter;
Led a team contributing to the securities litigation investigation of an international grocery chain, resulting in a $900 million restatement of earnings related to unearned vendor rebates;
Conducted an investigation into the questioned expenditure of more than $70 million in Federal Medicaid and Welfare funds by a state Department of Health and Human Services; and
Led an investigation that uncovered a near $1 million embezzlement perpetrated by the Finance Director of a large state teacher’s union.
Frank received his BA in economics from the University of Connecticut and his BS in accounting from Eastern Connecticut State University. Frank is a frequent speaker, locally and nationally, on the subjects of economic damages and forensic accounting.