Stuart W. Looney, CPA

Illustrative Projects

 

This list  highlights a sampling of  projects and engagements accepted and fulfilled by Mr. Looney. Being representative, It is incomplete as to projects undertaken and vague to preserve the confidentiality of these clients and their individual circumstances: 

1). Engaged by the President of a mid sized West Coast manufacturing company verging on insolvency to evaluate the company's options and to recommend a shareholder specific course of action. This engagement was further compounded by the complexities of having been a recent syndication ripe with allegations of securities law violations. Bridge financing secured, company sold, equity holders received a full return of their investment. 

2). Engaged by large multi-state professional services firm as an independent fact finder and  consultant to the board of directors. The firm  was faced with substantial shareholder discontent including articulated  questions concerning the competence of current management. Current management found competent, procedures and criteria established to improve communication and reporting. 

3). Engaged by an East Coast Merchant Banking Firm to oversee the closing of a West Coast subsidiary and subsequent sale of the operating assets. Subsidiary smoothly closed, assets, including real estate, sold ahead of schedule and above projected value.

4). Engaged by the US Government on behalf of a West African country to evaluate natural resource policy and to recommend legislation to enhance foreign investment and domestic commercial activity. Study enthusiastically accepted and widely quoted.

5). Engaged by an East Coast manufacturing company to assist in the transition of a British subsidiary after the Managing Director's contract was not renewed and the CFO suddenly took ill, leaving the subsidiary without senior management. Situation quickly stabilized, new Managing Director and CFO sourced and hired. 

6). Engaged by a mid sized West Coast holding company  to assist existing personnel and to make recommendations to the board of directors, as the company was faced with near insolvency and chaos with  the internal management information system.  CFO replaced, project implemented to replace data systems, cash draining operations terminated. 

7). Engaged by the attorneys of a defendant Fortune 500 company as an expert to evaluate the merits of both the theory and the calculation of a lost opportunity claim exceeding USD 180 million. This engagement was further complicated by portions of the claim arising from enterprise operations in the Russian Far East. Judgment in favor of client. 

8). Retained by an East Coast Investment Group to manage its claims in Bankruptcy Court arising from the insolvency of  a major customer. Successfully obtained an order favorable to the client, then negotiated a favorable resolution for the former customer. 

9). Retained by a West Coast manufacturing company to evaluate the potential  relocation of a distressed manufacturing facility to either the Russian Far East or to specific regions of South America. Relocation found to be impractical.

10). Retained by a prominent West Coast law firm as an expert to determine damages  for a large class of plaintiffs  under the United States Jones Act. 

11). Engaged by the U.S. Government to evaluate state owned assets of a West African country and to formulate an executable plan to privatize these assets to include recommendations of legislative reform to support the privatization effort. Plan accepted, awaiting selection of contractor for execution. 

12). Retained by an International venture capital group as a part of their pre-funding due diligence to evaluate their target's  business model (B2B) and the competency of the target's personnel. Based upon weaknesses uncovered  in basic business model, group declined further investment until business model was recast.

13). Retained by the founders of a hightech software company to advise and assist in the formulation and execution of the early stage organizational and financial functions of the company serving as the interim CFO. 

[ Home ]