Mr. David W. Prager

David W. Prager, CFA is a managing director of Kroll in New York, where he leads the company?s efforts focused on complex financial situations, restructuring advisory and corporate valuation disputes.He works with clients with complex needs involving corporate value and solvency disputes, forensic and trading investigations, bankruptcy and restructuring matters, and other complex commercial litigation. Mr. Prager has more than 20 years of experience focusing on restructuring advice and complex commercial litigation, and he has testified extensively and served as a consulting expert in such matters. He recently testified as the primary witness on behalf of Assured Guaranty in its victory in a half billion dollar valuation dispute with Lehman Brothers International respecting credit default swap insurance during the Financial Crisis. He also testified recently with respect to the value available under the PuertoRico restructuring plan. Mr. Prager has testified in such high-profile, highly contentious bankruptcy disputes as Adelphia, Tribune and Patriot Coal on the fairness of the plans of reorganization, valuation, reasonableness of projections and evaluation of complex value allocation. He also has served as consulting expert on multiple fraudulent conveyance actions. During the Enron bankruptcy, Mr. Prager investigated and valued highly complex and varied assets and formulated proposals for Enron?s reorganization. His other testimonial experience includes the value of a Platinum Partners private-equity portfolio (and the solvency conclusions emerging therefrom), and of a medical devices start-up and testimony on behalf of the SEC in a successful enforcement action. Mr. Prager has served as a financial advisor in restructuring matters involving extensive quantitative analysis. In the structured products industry, he served as the interim CFO of Syncora Guarantee and represented creditors in the MBIA restructuring. He also has supported creditors in various corporate (such as Ditech and SemGroup) and municipal (including Detroit and Jefferson County) restructuring matters. Prior to joining Kroll, Mr. Prager spent more than 18years at Goldin Associates, where he most recently served as a managing director. He also was formerly employed at McManus & Miles, an investment bank specializing in the power-generation industry. Mr.Prager received his B.S. in 1996 from the University of Pennsylvania Wharton School of Business.