Melinda Mallari, Author at Applied Business Strategy

Tom Pratt Named Agent and Collateral Agent for Tradefull

Tom Pratt has recently been named Agent and Collateral Agent for Kasper Holdings LLC, dba Tradefull, involving two separate debt based capital raises. In his role, Mr. Pratt helped negotiate an inter-creditor agreement and acts as collateral agent for the Secured Creditors pursuant to the security documents.

Tradefull provides outsourced e-commerce solutions using proprietary technology and services to help e-commerce companies drive revenue, save money, and make logistics more streamlined and efficient.

Melinda Mallari2023-03-29T12:20:28-04:00March 29th, 2023|

Winning Expert Witness Testimony

Defendants in a commercial litigation matter enlisted Applied Business Strategy of Cleveland (ABS) and John Stark to assist in a response to Plaintiff allegations of breach of contract, fraud, unjust enrichment and other allegations, which resulted in alleged damages. ABS prepared a rebuttal report to assist counsel in providing questions and exhibits for deposition and cross-examination of the Plaintiff’s expert. The case went to trial. With John Stark’s testimony and presented evidence, ABS’s client prevailed, winning a defense verdict from the jury.

Melinda Mallari2023-03-06T15:08:09-05:00March 15th, 2023|

Forensic Analysis

A medical device and service company engaged John Stark and Applied Business Strategy of Cleveland (ABS) in connection with a shareholder dispute. ABS performed a forensic analysis, examining certain disbursements during periods before and after the sale of the company, and tracing receipts and distributions of the sale proceeds.

Melinda Mallari2023-03-29T12:38:04-04:00March 1st, 2023|

Protect Against Unauthorized Transactions

ABS recently completed a forensic investigation for a Cleveland based house of worship. The ABS forensic team uncovered numerous unauthorized transactions of a suspicious nature. Included in the transactions were several payments that had the appearance of self-dealing. Tom Pratt led the team of investigators and authored a report for the board of directors which included several recommendations for strengthening internal controls and processes to avoid similar transactions being conducted in the future.

Melinda Mallari2023-02-20T11:48:04-05:00February 20th, 2023|

Applied Business Strategy Retained as Chief Restructuring officer

Applied Business Strategy (“ABS”), retained as Chief Restructuring Officer in October 2021 for a large, privately held food contract manufacturer (“Company”) serving several large well-known consumer brands, such as Nestle and Hershey’s, is pleased to announce the successful restructuring of the Company.

In its role, ABS developed and implemented a comprehensive business model and turnaround plan focused on price increases, cost reduction and settlement of several large contingent obligations. The restructuring was completed without a bankruptcy filing in January 2023 by selling a majority interest in the Company.

Melinda Mallari2023-03-22T14:08:42-04:00January 20th, 2023|

Tom Pratt Retained by ExWorks Capital LLC

Tom Pratt has been retained as an independent and sole Director of ExWorks Capital LLC. The engagement arose from a multi-million dollar alleged fraud perpetrated by the former management team.

Mr. Pratt provided guidance and counsel through the Chapter 11 process, including full testimony in Delaware Bankruptcy Court in support of the Debtors reorganization, which was promptly approved by the court.

Mr. Pratt was retained to serve as Liquidating Trustee for the trust, created as part of the approved Plan, to manage the ongoing lititagetion agains the former management team.

Melinda Mallari2023-03-29T12:41:10-04:00December 20th, 2022|

Vomero Appointed to Board of Positive Education Program

Dean Vomero has been appointed to the Board of Directors of the Positive Education Program (“PEP”), one of Ohio’s largest non-profit agencies. PEP provides services – both direct and consultative in nature – for children with severe mental health and behavioral challenges, their families and the professionals who support them. PEP is committed to understanding and overcoming the significant trauma and chronic stress experience by many of the children served. Your donations to PEP are greatly appreciated @Donate-PositiveEducationProgram(pepcleve.org).

Melinda Mallari2023-01-30T15:34:56-05:00July 15th, 2022|

Vomero Serving on AIRA Planning Committee

Congratulations to Dean Vomero who will serve for his second year on the Association for Insolvency and Restructuring Advisors 39th Annual Bankruptcy & Restructuring Conference planning committee. This year’s conference will be held June 4th through the 10th in Newport Beach, CA.

Melinda Mallari2023-01-30T15:43:21-05:00March 5th, 2022|

Applied Business Strategy is Sporttechie, Inc Chief Restructuring Officer

Applied Business Strategy (ABS), engaged in August 2021, served as Chief Restructuring Officer for Sporttechie, Inc., a leading sports technology periodical and event company. ABS led a pre-packaged sale of the Company to Leaders Group, the parent company of the Sports Business Journal, through a Chapter V bankruptcy filing. ABS negotiated buyer provided debtor-in-possession financing, purchase agreement and developed a methodology for streamlined bidding procedures. The Company’s sale was completed, and plan confirmed, in a few short months.

Melinda Mallari2023-03-29T12:43:11-04:00November 12th, 2021|

Sign Up for Complimentary Continuing Legal Education (“CLE”) Credits

Applied Business Strategy will be hosting three complimentary, virtual Continuing Legal Education (“CLE”) programs you don’t want to miss. In case you still need 2021 CLE credits.

Business Valuation Issues in Commercial Litigation
Thursday, November 18, 2021 – 12:00pm – 1:00pm ET
Issues of Valuation are becoming increasingly more important in commercial litigation cases. In this CLE, Dean Vomero, Managing Director with Applied Business Strategy and Laura Appleby, Partner with Faegre Drinker Biddle & Reath will discuss important parameters that attorneys involved in valuation disputes should consider when presenting their case. These parameters include valuation methods that may not be accepted by the courts, the importance of forecasting cash flow, the significance of Terminal Value, and using guideline companies. Other topics that will be covered include how much data is appropriate, the validity of adjustments, the importance of case law for the valuation professional, and sources of supporting information.

Finding Fraud and Tips for Detection and Prevention
Tuesday, December 7, 2021 – 12:00pm – 1:00pm ET
Occupational fraud is common in many workplaces. This CLE focuses on the Fraud Triangle and causes of fraud. John Stark, Managing Director with Applied Business Strategy, will discuss common fraud tactics and schemes, internal controls, and statistics while incorporating real life examples of fraud in the workplace. We will explore best practices for detection and prevention, and what to do if you or your client suspects fraud.

Cyber Crime – A Threat to All of Us
Tuesday, December 14, 2021 – 12:00pm – 1:00pm ET
Cyber Crime is rapidly accelerating throughout the United States and world. This CLE will discuss the reasons why cyber crime is getting worse and not better and provide you with information to help you in the event your clients come to you with a request for help. We will have a real-life case example that impacted a local Cleveland business and the steps they took to thwart the attack. Tom Pratt, Managing Director with Applied Business Strategy will be joined by, Mike Brian, Special Supervisory Agent for the Federal Bureau of Investigation, Tim Opsitnick, EVP and General Counsel for Technology Concepts & Design, Inc. and Linda Pratt, Owner of Navis Events.

All CLE programs have been approved by The State of Ohio Supreme Court for credit.

In order to get CLE credit for attending, you’ll need to virtually “check in” to the event within the first 5 minutes and stay to the last 5 minutes. You will also need to supply the PIN number given during the event.

REGISTER HERE

Melinda Mallari2021-10-28T16:39:44-04:00October 28th, 2021|

About Melinda Mallari