Philip Daddona

Philip’s professional experience includes:

• World Trade Center 9/11 Monitorship: Served as the overall independent financial monitor on behalf of the city of New York for the cleanup at the World Trade Center following the terrorist attacks of 9/11.
• Civil Rights Class Action: Served as the court-appointed independent claims administrator (neutral) in the settlement of a $50 million civil rights class action in New York City emanating from Fourth Amendment abuses.
• SEC Receivership (hedge funds): Led a multidisciplinary team serving as financial advisor to the SEC receiver of the Michael Kenwood Group of hedge funds in Connecticut. The investigation determined that the funds were a Ponzi scheme with potential losses of $700 million. He led the wind-down of business operations including the liquidation of assets for the benefit of the victims.
• Performing Arts Center Monitorship: Served as the independent private sector inspector general for Miami-Dade County, responsible for ethics, integrity, and compliance in the development and construction of the city’s new performing arts center.
• Life Insurance Class Action: Selected to lead the independent claims evaluation team (neutral) for the provision of claims remediation determinations (650,000) arising as part of a $2 billion class action settlement.
• SEC Enforcement Action: Worked with the SEC consultant-led the team, which captured, converted, and tested 18 million transactions as part of an SEC enforcement action against a global bank. Verified remediation on an independent basis.
• Southern District of New York Receivership: Served as financial advisor to the receiver of a cash management business seized by the government after a theft of $50 million was discovered. Led the orderly closure of the business, including the sale of two viable entities and all other assets through bankruptcy.
• Life Insurance Class Action: Appointed by the Connecticut Attorney General and the Department of Insurance to oversee the remediation of a deceptive sales practices settlement for residents of the state.
  Securities Investor Protection Corporation Claims Management: Supervised, on behalf of SIPC, the processing of claims as part of the liquidation of a bankrupt broker-dealer.
• Antitrust Class Action: Provided independent reviews and adjudication of claims (neutral) as part of the settlement of an antitrust class action in the publishing industry arising from anti-competitive practices.
• NYC School Construction Authority Monitorship: Performed capital project fraud investigation on behalf of the New York City School Construction Authority relating to prevailing wage violations, payoffs, and kickbacks.
• Global Defense Contractors Arbitration: Served as chairman of an international arbitration panel (private-International Criminal Court rules) regarding earn-out and profit-sharing provisions of an aircraft manufacturing joint venture contract between French and US companies.
• Life Insurance Class Action: Led the alternative dispute resolution process (neutral) and remediation on behalf of insurance regulators in a deceptive sales practices class action settlement in Illinois.
• Court Approved Corporate Monitor: Served as an independent monitor for a bridge-painting contractor in NYC convicted of a felony throughout the term of its corporate integrity agreement.
• IP Dispute: Provided damage analyses and settlement negotiation assistance for Hewlett-Packard caused by trademark infringement arising from its sponsorship of the World Cup in France.
• Chief Restructuring Officer: Provided overall supervision and interim management for the orderly closure of a commercial window manufacturing company. The company was involved in both publicly funded and private contracts exceeding $75 million in aggregate at the time of closure. Completed the manufacturing and installation of work in process and managed 87 dispute matters, including collection and performance issues.