||Forensic & Litigation Accounting
DSI is a leading provider of management consulting and financial advisory services, including turnaround consulting, fiduciary roles, financial restructure, litigation support, wind-down oversight and forensic accounting services. Our clients include business owners, corporate boards of directors, financial services institutions, secured lenders, bondholders, unsecured creditors and creditor committees. For over 30 years, DSI has been guided by a single objective: Maximizing value for all stakeholders. With our highly skilled and diverse team of professionals, offices throughout the United States and in Europe, and an unparalleled range of experience, DSI not only achieves that objective, but has also built a solid reputation as an industry leader.
As one of the first turnaround firms in the US, DSI has expanded from its headquarters in Chicago, Illinois, to include a significant national footprint with offices in New York, Los Angeles, San Francisco, Miami, Philadelphia and Columbus, Ohio. Internationally, DSI has an office in London.
DSI is able to offer a broad spectrum of services as it has amassed a diverse group of professionals with financial, accounting, legal and regulatory expertise. Our team includes Masters of Professional Accountancy, Certified Public Accountants, Certified Insolvency and Restructuring advisors, Certified Financial Forensic Accountants and Certified Internal Auditors. DSI furthermore shines due to the diverse background of many of our consultants, including a former Special United States Attorney and commercial and investment bankers.
March 5, 2014
Bond Buyer interviews Bill Brandt, president of Development Specialists Inc. and chairman of the Illinois Finance Authority, analyzes the Detroit bankruptcy, state and local pension overhaul and creditor recovery. Click here to view the clip.
November 5, 2013
Joe Luzinski of our Miami office was quoted in The Detroit News regarding Detroit’s bankruptcy case. “Threatening (bankruptcy) is one issue and doing it is another. It’s a threat you can’t make unless you have the (political) capacity to follow through.” To read the full article click here.
September 3, 2013
Bill Brandt was interviewed by The Bond Buyer regarding Harrisburg Recovery Plan and Detroit. To read the full article click here.
July 26, 2013
Bill Brandt comments on Troubled Times in Motor City in Turnarounds & Workouts… “In appealing Aquilina’s order, says Brandt, the debate will involve the interpretation of the federal supremacy clause of the U.S. constitution and whether provisions in the bankruptcy code can override the dictates of a state’s constitution.” To read the full article click here.
May 31, 2013
DSI Consultants, Daniel Stermer and Yale Bogen, take part in turnaround management association panel. To read more click here.
May 21, 2013
An article by John Filan was published in the Turnaround Management Association’s monthly Journal on the underlying four trends which are expected to cause increased financial stress in local governments. To read the full article click here.
May 20, 2013
Yale Bogen and Daniel Stermer take part in Turnaround Management Association program. To find out more about the event click here.
March 22, 2013
DSI secures successful bid for bankrupt Toyota dealership, Lighthouse Imports. To read the full press release click here.
March 14, 2013
DSI wins distinguished deal of the year award from M&A Advisor, to read the full press release click here.
January 8, 2013
Bill Brandt speaks to the Bond Buyer about the Rhode Island pension dispute, to read more click here.
November 28, 2012
Fred Caruso was recently interviewed by Turnarounds & Workouts on the success of his restructuring career including his leadership in the Gas City and Giordano's matters. To read the full article click here.
November 19, 2012
DSI has again been named an Outstanding Turnaround Firm for 2012 by Turnarounds & Workouts. Among our "outstanding achievements," T&W cites our work in the Dewey & LeBoeuf, HearUSA and as the Act 47 Coordinator for Altoona, PA. To see the full article in Turnarounds & Workouts click here.
October 29, 2012
Daniel Stermer was featured as a fraud specialist on In Session, part of the CNN family, with regard to the case Illinois v. Kristin Holzman. Click here to watch.
October 18, 2012
Daniel Stermer’s article titled “Choosing A Proper Fiduciary” was published in the 2012 South Florida Legal Guide – Financial Edition that was published on October 15, 2012. To read the full article click here.
October 16, 2012
DSI is pleased to announce an article titled “Sales of Assets by an Assignee for the Benefit of Creditors” written by Geoff Berman was published in the October 2012 edition of the ABI Journal. To read the full article click here.
October 5, 2012
Turnarounds & Workouts publishes DSI's Fred Caruso's professional portfolio. To read the full article click here.
July 12, 2012
DSI is pleased to announce the recognition of Eric Sweitzer as one of The M&A Advisor’s 40 Under 40 award winners in recognition of his role as an emerging leader in the M&A, Financing and Turnaround industries. Please click here to share DSI’s pride in one of our own receiving this honor.
June 15, 2012
Daniel Stermer is going to participate as a panel member in the Florida Attorney General, Economic Crimes Litigation Unit, Statewide Conference on June 26, 2012 the panel topic will be on receiverships, asset freezes, and injunctions.
May 14, 2012
Fred Caruso was asked by Turnarounds & Workouts to discuss his innovative strategy in the sale of Gas City. The sale was recognized by the M&A Advisor as being the top consumer retail products deal of the year over $50 million and the top real estate deal of the year under $500 million. To read the full article click here.
April 19, 2012
DSI is proud to announce that M&A Advisor has recognized Eric Sweitzer as one of this year’s Central Region 40 under 40. Eric was chosen by an independent judging panel of distinguished business leaders from among a pool of accomplished nominees in recognition of his accomplishments and contribution to the industry. The awards ceremony will take place in Chicago on June 7th. For more information, click here.
April 19, 2012
The ABI Bankruptcy Commission, created by ABI President Geoff Berman to study and propose reforms to chapter 11 and related statutory provisions, will hold its opening public hearing today at 9 a.m. ET in 2237 Rayburn House Office Building, Washington, D.C. For more information click here.
April 10, 2012
Daniel Stermer will be moderating “A Regional Approach to Transit” panel discussion at the upcoming May 4, 2012 Urban Land Institute – Southeast Florida/Caribbean District’s event entitled Envisioning South Florida’s Future: Mobility – Goods and People. For more information about the event click here.
April 10, 2012
Daniel Stermer participated in the “The Politics of Restructuring” panel discussion on March 15, 2012 at The 4th National Municipal Bond Summit presented by The Bond Buyer at the Doral Golf Resort and Spa. For more information about the event click here.
March 7, 2012
Geoff Berman contributed two chapters to the 3rd Edition of Strategic Alternatives for Distressed Businesses. The chapters were “An Overview of Assignments for the Benefit of Creditors” and the chapter on the application of assignments under California law. To obtain a copy of the book visit the Thomson Reuters Westlaw store by clicking here.
March 1, 2012
John Filan, a Vice President of DSI, was interviewed on WTTW’s Chicago Tonight on February 22nd regarding his analysis of the state budget announced that day by Illinois Governor Pat Quinn, with particular emphasis on Medicaid and Pension reforms, as well as the state’s structural budget issues, and whether the steps outlined in the budget will restore the state’s fiscal health. To view the clip titled Quinn’s Budget Address Analysis (14:34) click here.
February 2, 2012
DSI was the recipient of three awards from The M&A Advisor 6th Annual Turnaround Awards. DSI received the "Chapter 11 Reorganization of the Year (Middle Market)" for its role in the acquisition of HearUSA, Inc. by Siemens. DSI was also awarded the “Consumer and Retail Products Deal of the Year (Over $50 Million)” and “Real Estate Deal of the Year (Under $500 Million)” for its role in the 363 Sale of Gas City, Ltd. To view the press release of The M&A Advisor 6th Annual Turnaround Awards please visit this link.
January 17, 2012
Bill Brandt participated in the 8:40 a.m. panel, "Restructuring Sovereign & Municipal Debt" at the Beard Group's 18th Annual Distressed Investing Conference, held in New York on November 28, 2011. To view an excerpt from the presentation please visit this link .