Contact Information: Contact: Adria Greenberg Sommerfield Communications, Inc. 212-255-8386 adria@sommerfield.com
Accounting Firm Marks Paneth & Shron LLP Adds Director to Litigation and Corporate Financial Advisory Services Group
John M. Bonora, CPA/ABV, CFE Adds Breadth of Expertise in Litigation Consulting and Bankruptcy to MP&S Litigation Group
| Source: Marks Paneth & Shron LLP
NEW YORK, NY--(Marketwire - November 19, 2008) - A leading New York area accounting firm
Marks Paneth & Shron LLP (MP&S) announced today that John M.
Bonora, CPA/ABV, CFE, 58, has joined the firm as a director in the
Litigation and Corporate Financial Advisory Services Group where he will
focus on commercial litigation and economic damages, valuation and
bankruptcy services. He will be based in the MP&S Manhattan office.
Mr. Bonora comes to MP&S from a large New York accounting and business
advisory firm. There, he was a director in the firm's Litigation
Consulting, Valuation and Bankruptcy Services Group, responsible for client
development and managing litigation consulting, forensic accounting,
valuation, bankruptcy, and restructuring services engagements.
"We are excited to welcome John Bonora to the firm," said Arthur E.
Cannata, CPA and Mark Levenfus, CPA, managing partners of Marks
Paneth & Shron. "The addition of John to the Litigation and Corporate
Financial Advisory Services Group reflects our commitment to broadening the
firm's capability to service the legal community.
"In addition, John's expertise and know-how will strengthen our ability to
meet the challenges faced by our clients in the current economic
environment," added Mr. Cannata and Mr. Levenfus.
John M. Bonora
Mr. Bonora has over 30 years of experience working in both professional
services firms and in industry. Throughout his career, he has directed
numerous engagements and prepared expert reports related to alleged fiscal
improprieties, the valuation of shareholder interests and the calculation
of economic damages. Mr. Bonora has also worked on numerous
bankruptcy-related issues such as the determination of solvency, the
formulation of plans of reorganization, and the recoverability of alleged
fraudulent transfers and preferential payments. He has advised litigation
counsel, the courts, Chapter 11 Debtors, and Chapter 11 and Chapter 7
Trustees, and has served as a troubled business workout specialist,
including directing the turnaround and successful reorganization of an
equipment distributor.
Mr. Bonora has provided both grand jury and trial testimony at the state
Supreme Court level, and has testified in Federal Bankruptcy Court.
Mr. Bonora is Accredited in Business Valuation by the American Institute of
Certified Public Accountants, and is a Certified Fraud Examiner. He is a
member of the New York State Society of Certified Public Accountants, the
American Bankruptcy Institute, the Association of Insolvency and
Restructuring Advisors, and the Turnaround Management Association. He is
also an Associate Member of the American Bar Association; Business Law and
Litigation Sections.
Mr. Bonora holds a Master's in Business Administration from the Harvard
Business School and a Bachelor of Science in Electrical Engineering from
Tufts University. He resides in Stamford, Connecticut.
About Marks Paneth & Shron
Marks Paneth & Shron LLP (MP&S) is an accounting firm with nearly 500
people, approximately 70 of whom are partners and principals. The firm
provides businesses with a full range of auditing, accounting and tax
services, as well as litigation and corporate financial advisory services
to domestic and international clients. The firm also specializes in
providing tax advisory and consulting for high net worth individuals and
their families, as well as a wide range of services for international, real
estate, media, entertainment, nonprofit, professional and financial
services and energy clients.
The firm also provides information technology consulting services through
its Tailored Technologies subsidiary. In addition, its membership in JHI,
the leading international association for independent business advisers,
financial consulting and accounting firms, facilitates service delivery to
clients throughout the United States and around the world.
Marks Paneth & Shron, whose origins date back to 1907, is among the 30
largest accounting firms in the U.S., and the 15th largest in the New York
area. Its headquarters are in Manhattan. Additional offices are in
Westchester, Long Island and the Cayman Islands. For more information,
please visit www.markspaneth.com.