Mr. Cronan has represented NASD and NYSE listed corporations in a wide range of disputes arising under the federal securities laws and state laws governing the fiduciary duties of corporate directors and officers. He has extensive experience representing public companies and individual directors and officers facing SEC investigations and government enforcements actions. His experience includes cases alleging insider trading, false and misleading disclosures, improper revenue recognition and other accounting irregularities, and breaches of fiduciary duty.
Mr. Cronan has extensive experience conducting internal investigations for public companies, audit committees and other special board committees, including investigations into whistleblower complaints arising under the Sarbanes-Oxley Act and Dodd-Frank Act and investigations arising under the Foreign Corrupt Practices Act. This experience includes investigations relating to revenue recognition treatment, accounting for derivative instruments, domestic and international tax treatment of subsidiary operations, and the adequacy of the client’s internal control structures. In the FCPA context, Mr. Cronan has overseen investigations for clients with operations in the People’s Republic of China, Hong Kong, Thailand, Russia, the Ukraine and Germany.
In the private company area, Mr. Cronan has represented boards of directors and special committees involved in disputes over stock valuation and employee buyouts; private equity firms in disputes over leveraged recapitalizations and other refinancings; and investment funds in disputes over ownership interests and profit participation interests.