Nardello & Co. Appoints Mark Kronfeld as Managing Director and Head of Bankruptcy, Restructuring, and Special Situations

NEW YORK--(BUSINESS WIRE)--Global investigations and advisory firm Nardello & Co. announced today that Mark Kronfeld has joined the firm’s New York office as Managing Director and Head of the firm’s expanding Bankruptcy, Restructuring, and Special Situations Practice. Kronfeld brings three decades of experience as a bankruptcy lawyer, restructuring advisor, independent fiduciary, prosecutor, and professor, with significant expertise in high-stakes litigation, investor activism, and corporate governance investigations.

Kronfeld will focus on bankruptcy and restructuring related investigations, distressed and special situations matters, trustee and independent fiduciary assignments, and expert services.

Nardello & Co. has led investigations in some of the most high-profile bankruptcy matters of the past decade. Notably, the team was appointed by FTX CEO John Ray to conduct investigations that contributed to the recovery of $9 billion in assets stolen from creditors. Further, Nardello & Co. is instructed by the unsecured creditors in the First Brands Group bankruptcy to develop claims and trace assets; has acted for the families of children killed in the Sandy Hook massacre to uncover the assets of Alex Jones as they sought damages; and worked on behalf of the creditors of Purdue Pharma in successfully tracing the assets of the Sackler family.

“Clients addressing bankruptcy and restructuring issues increasingly need advisors who understand not just the legal landscape but the global financial, investigative, and strategic dimensions of these situations,” said Sabina Menschel, CEO of Nardello & Co. “Mark’s background allows us to provide our clients with a broad range of solutions in periods of distress.”

Most recently, Kronfeld was a Managing Director at a top financial advisory firm. He currently serves as a Litigation Trustee for the Steward Health Care Creditor Litigation Trust – arising from the failure and Chapter 11 filing of the nation’s largest privately owned, for-profit hospital system – where he leads investigations, strategy, and recovery efforts on behalf of the trust beneficiaries. He also serves as a Litigation Trustee for the Heritage Power Litigation Trust, and as a director on multiple corporate boards.

Kronfeld was formerly Global Head of Restructuring at BlackRock and sat on the firm’s Global Credit Oversight Committee, where he was responsible for overseeing workouts and restructurings and helped manage BlackRock’s various special situations funds and credit sleeves.

Kronfeld began his career as an Assistant District Attorney in the Bronx and then a bankruptcy lawyer where he represented debtors, creditors, trustees, and boards in complex Chapter 11 cases and handled commercial litigation in state and federal court.

“Mark’s expertise is exceptionally well aligned with the needs of our clients,” said Dan Nardello, founder and executive chairman of Nardello & Co. “He has a 360-degree understanding of major bankruptcy and restructuring matters; a rare perspective that will benefit our clients tremendously.”

“Nardello & Co. built its preeminent reputation by helping clients in matters with a high cost of failure,” said Kronfeld. “I am thrilled to join a firm with unparalleled investigative strength and global reach. I look forward to advising clients in high-stakes situations from the world’s foremost investigative platform, staffed by professionals whose pedigrees and experience are unmatched in the industry.”

Kronfeld is an adjunct Assistant Professor of Finance at NYU Stern School of Business, where he teaches Corporate Bankruptcy and Reorganization, and a lecturer at Columbia University, where he teaches Distressed Value Investing. He has also taught at the Boston University School of Law and has guest lectured at Wharton, Yale, Duke, the University of Virginia, and Oxford University. A published author, frequent speaker, and thought leader in his field, he served on the advisory committee of the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11. He is a graduate of the NYU Stern School of Business, where he obtained his MBA, Boston University School of Law, and State University of New York at Albany.

About Nardello & Co.

Ranked as the pre-eminent US investigative firm by Chambers and Partners for the past six years and called the “gold standard”, Nardello & Co.’s. experienced professionals around the globe handle a broad range of matters, in addition to bankruptcy, including civil and white collar criminal litigation and arbitration support, due diligence, anti-corruption and fraud investigations, asset tracing, activist defense, political risk and strategic intelligence, digital investigations and cyber defense, monitorships and independent investigations, and compliance consulting.