Thanks for printing! Don't forget to come back to GlassRatner for fresh articles!
Bringing Clarity to Complex Business Situations
Bankruptcy & Restructuring
GlassRatner is one of the most active Bankruptcy Consulting & Restructuring Firms in the Nation.
Forensic Accounting & Litigation Support
GlassRatner is a leading Forensic Accounting Firm specializing in difficult cases, complex commercial litigation and bet-the-company disputes.
Corporate Finance & Valuation
GlassRatner professionals with decades of Corporate Finance & Valuation experience tackle some of the most unique and challenging assignments.
Real Estate & Construction Consulting
GlassRatner has unparalleled experience and expertise in every facet of the real estate business.
Welcome to GlassRatner
GlassRatner, a B. Riley Financial company, is a national specialty financial advisory services firm providing solutions to complex business problems and Board level agenda items. The firm applies a unique mix of skill sets and experience to address matters of the utmost importance to an enterprise such as managing through a business crisis or bankruptcy, pursuing a fraud investigation or corporate litigation, planning & executing a major acquisition or divestiture, unraveling a challenging real estate issue and other top level non-typical business challenges. GlassRatner can also offer clients end-to-end services at any stage during the business life cycle through B. Riley Financial. The combination of proven operating and financial expertise, cross-platform resources, a hands on approach and an absolute focus on assignment execution makes GlassRatner a unique and valuable ally for its clients and partners. For a confidential consultation, please contact one of our Principals.
Select a timeline dot to view an event
Early Focus on Retail Cases
GlassRatner is retained as Financial Advisor to the Official Committee of Unsecured Creditors in Nationwide Furniture and Mattress Wholesalers and in Value Music, both multi-location retail cases involving in excess of 150 locations each. Since these early matters, GlassRatner has been called on in countless retail cases.
Creative Work to Resolve Complex Dispute
Beginning in 2002 through 2006, GlassRatner assisted a supply chain arm of a Fortune 50 shipping and logistics firm resolve several disputes with their clients. The disputes revolved around lost inventory and shrinkage of tens of millions of dollars. Through our detailed forensic accounting and creative problem solving skills, we were able to prove that the losses were paper losses stemming from new systems and not actual losses. Our work resulted in major systems enhancements for our client and limited damages.
Lowe's v. General Electric
Ian Ratner successfully testifies as plaintiff’s damages/lost profits expert in the matter of Lowe’s Home Centers, Inc. v. General Electric Company, a significant environmental dispute heard in Federal Court in Rome, Georgia. GlassRatner's courtroom experience is one of our defining features.
Ian Ratner Named Special Master
In 2003, Ian Ratner was named a Special Master by the Florida Department of Agriculture and Consumer Services to ensure that a settlement with a major US charity was appropriately administered. This charity was cited at the time as one of the ten worst charities in the US in terms of excessive costs. GlassRatner has since been named as Special Master numerous times by many courts for a variety of matters.
GlassRatner Appointed Managers of BCP Liquidating LLC
Ron Glass and Ian Ratner were appointed as the Managers of BCP Liquidating LLC, an entity established to complete the liquidation of the assets of Borden Chemicals and Plastics OLP (“Borden”). Borden, an $800 million revenue manufacturer of PVC Polymers Products, had filed Chapter 11 in 2001. The GlassRatner team oversaw significant asset sales, complex commercial litigation, and hundreds of preference claims. Ultimately, the recovery to the estate exceeded all prior estimates. This Delaware case pushed the firm into the national spotlight as a skilled fiduciary.
Oakbrook Pointe Apartments - The First of Many
Oakbrook Pointe Apartments was GlassRatner’s first appointment as Receiver in a single asset real estate matter. Oakbrook Point was one of the largest apartment communities in the State of Georgia at the time. Since 2003, GlassRatner has been appointed receiver in hundreds of matters around the country.
AstroTurf - Chapter 22
Appointed Chapter 11 Trustee and financial advisor to the Trustee in the bankruptcies of American Sports Product Group and related debtors which included Southwest Recreational Industries, Inc. (SRI), the manufacturer of AstroTurf. In 2016, GlassRatner acted as financial advisor to the Unsecured Creditors Committee in the Chapter 11 Bankruptcy of the successor company, AstroTurf, LLC, which had previously purchased the AstroTurf assets from SRI.
Ron Glass appointed as CRO of the PUIG Development Group
Ron Glass appointed as CRO of the PUIG Development Group, ultimately bringing the company into Chapter 11, where he continued to manage the business. PUIG was a highly levered South Florida real estate company primarily involved in condo conversion with in excess of $300 million of debt and 27 active projects. As CRO, we successful managed the wind down and liquidation of the company. The PUIG matter in some ways signaled the start of the Florida real estate meltdown and was covered in Time Magazine.
GlassRatner Becomes a Contractor to the FDIC Capital Markets Group
GlassRatner became a contractor to the FDIC Capital Markets Group and was retained to provide services relating to several early bank liquidations. The largest of these FDIC assignments related to the failed Arkansas National Bank (ANB), where GlassRatner was retained as Loan Sale Advisor for the $1.2 billion Construction and Acquisition/Development loan portfolio. This assignment culminated in a structured sale transaction to a third party. The majority of the assets included in the portfolio were partially completed developments in Utah, Nevada, Arizona and California.
GlassRatner Retained as Forensic Accountant and Financial Advisor to the Central Bank of Trinidad and Tobago
The Central Bank of Trinidad and Tobago engaged GlassRatner to investigate the financial affairs and operations of CL Financial (CLF), the nation’s largest privately owned conglomerate with assets exceeding US$15 billion and with operations in 32 countries. Our role included gathering information for pursuing criminal and civil actions, and informally advising concerning the restructuring of the company. Our findings led to several other engagements, including investigating and advising on several failed Florida real estate investments in hotels and condominiums. Learn more
Fairfield Residential Bankruptcy
Financial Advisor to the Ad Hoc Steering Committee of Lenders and subsequently to the Official Committee of Unsecured Creditors for Fairfield Residential LLC and approximately a dozen of its related entities. Fairfield is a California-based developer, owner and operator of multi-family properties throughout the country. At the time of the bankruptcy, there was approximately $4 billion of invested capital committed to various Fairfield projects. GlassRatner played a key role in the company’s restructuring and ultimate sale of the operating company to Brookfield.
Cornerstone Ministries, Inc. was a multi-state real estate lender, who filed bankruptcy in 2008. During the course of the chapter 11, the debtor became administratively insolvent. Our firm was approved as Plan Administrator in October 2009. Our activities included the valuation and sale of real property, the review of preferential payments, and the pursuit of claims under the Director’s and Officer’s Policy, claims for auditor negligence and a claim against a law firm. Based on our success, there was a meaningful recovery to pre-petition general unsecured creditors.
GlassRatner Management & Realty Advisors LLC Formed
GlassRatner Advisory & Capital Group LLC forms GlassRatner Management & Realty Advisors LLC, which was previously the firm’s Property Management & Receivership division. Since that time, GlassRatner Management & Realty Advisors LLC has had over 500 assignments serving as Receiver and/or Manager for over 40,000 multifamily units and 5,000,000 sf of retail/office/industrial space across 34 states.
Ron Glass and GlassRatner retained as Chief Restructuring Officer and Financial Advisor to AmTrust Financial Corporation and related entities in their Chapter 11 filings. The centerpiece of Ohio-based AmTrust Financial was its banking company, which had $13 billion in assets and was ultimately sold to New York Community Bank. As FA and CRO, GlassRatner was instrumental in various 363 sale transactions; managing various complex litigation matters; disposing of assets; and managing various real estate investments made by AmTrust.
Multi-State Portfolio Run by GlassRatner
GlassRatner Management & Realty Advisors LLC was appointed Receiver and Property Manager for a single portfolio containing 42 multi-family properties in excess of 4,000 units across 6 states. We aggressively created and executed an action plan to secure the assets, complete deferred maintenance, remediate life safety issues and turn a high count of vacant/down units resulting in a significantly higher physical and economic occupancy. The assignment ultimately concluded through a successful repositioning and separate sale of each asset by the Secured Lender at competitive market rates.
GlassRatner was retained by the US DOJ in its Clean Water Act lawsuits against BP and Anadarko related to the Deepwater Horizon oil spill. GlassRatner provided litigation support services and performed financial analyses regarding the economic impact of a penalty on the defendants’ and their ability to pay a multi-billion-dollar penalty. GlassRatner issued multiple reports and Mr. Ratner testified for over 6 hours during the multi-week trial. After the trial, BP entered into $20+ billion settlement with various governmental agencies. Read More on BP Oil Spill
GlassRatner helps establish BTG Global Advisory, a global organization whose members include insolvency and restructuring advisors; turnaround, workout and profit improvement consultants; forensics investigators and other litigation support professionals; and investment banking/M&A transaction advisors amongst other specialists. Visit the BTG Advisory Website
June 5, 2017
Recognized as Best Forensic Accounting Firm & Best Litigation Valuation Provider by the Daily Report
GlassRatner is proud to have been recognized for their achievements by the Daily Report, a Georgia-based publication serving the legal field. GlassRatner was awarded in the following categories for their "Best Of" 2017 edition: - Best Forensic Accounting Firm (1st) - Best Litigation Valuation Provider (1st) - Ian Ratner as Best Individual Expert Witness - Economic Click Here for the Full List
GlassRatner Retained as CRO for Arhaus
As CRO for Arhaus, a high end furniture retailer, GlassRatner provided the Company with the time necessary to complete a successful out-of-court refinancing of its debt structure. Faced with a looming liquidity crisis, GlassRatner immediately employed turnaround and crisis management tools and tactics which stabilized operations, increased sales volumes and reduced costs. The GlassRatner Team worked closely with the existing lender group and their professionals to negotiate a forbearance agreement, which provided the additional breathing room needed to achieve the refinancing.
September 27, 2017
GlassRatner Celebrates Sixteen Years in Business
GlassRatner celebrated its Sweet Sixteen on September 27, 2017. GlassRatner hosted a cocktail party in Atlanta with friends and family of the firm to celebrate its continued success. Ron Glass and Ian Ratner started the firm sixteen years ago with one office and three professionals (including themselves) . As of September 2017, GlassRatner has 12 US offices with over 100 amazing team members, an international affiliation with the BTG Global Advisory, and a significant track record as a leading advisor in its industry. The firm is excited to see where the next sixteen years will take them.
February 1, 2018
The National Law Journal Recognizes GlassRatner as Best Forensic Accounting & Litigation Valuation Provider
GlassRatner is honored to have been recognized by The National Law Journal in the following categories: Forensic Accounting Provider (1st), Litigation Valuation Provider (1st), End to End Litigation Consulting (2nd), Expert Witness Provider (2nd), and Litigation Dispute Advisory Services Consultant (2nd). Click Here for the Full List
May 3, 2018
Corporate Counsel Recognizes GlassRatner as Winner in Multiple Categories
Corporate Counsel named GlassRatner to the top of five different categories in their Best of 2018 issue. We were ranked first as Forensic Accounting Provider, Litigation Valuation Provider, End to End Litigation Consulting Firm, and Expert Witness Provider. GlassRatner was also ranked second as Litigation Dispute Advisory Services Consultants. Click Here for the Full List
May 15, 2018
GlassRatner Ranked for 2nd Year in a Row by the Daily Report
The Daily Report, a Georgia-based publication, recognized GlassRatner in seven distinct categories in their "Best of 2018" issue. GlassRatner was ranked first as Corporate Investigations Provider, End to End Litigation Consulting Firm, Expert Witness - Economic, and Litigation Valuation services. In addition, GlassRatner was placed in the Top 3 for Best Forensic Accounting Firm, Individual Expert Witness - J. Michael Issa, and best Overall Expert Witness services. Click Here for the Full List
July 19, 2018
GlassRatner Recognized as Valuation Service Provider of the Year by Turnaround Atlas Awards
GlassRatner is proud to be recognized for two Turnaround Atlas Awards. They were recently recognized as Valuation Service Provider of the Year and Refinancing Deal of the Year for their role in Arhaus Furniture.
August 1, 2018
GlassRatner Joins B. Riley Financial
GlassRatner is excited to be a part of the B. Riley Financial family. GlassRatner joins a team of professionals that provides collaborative financial services and solutions. This merger will provide our clients a one-stop platform to help any business situation at any stage during the business life cycle. Click here to read the press release
GlassRatner Joins B. Riley Financial; Expands Cross-Platform Resources
Aug. 01, 2018
Mike Issa Collaborates on Negotiations in Sale of South Coast Acura to Orange Coast Auto Group August 9, 2018
GlassRatner is a Proud Sponsor of ABI's 23rd Annual Southeast Bankruptcy WorkshopJuly 26-29, 2018
Meet the GlassRatner Team
The Team is the Brand at GlassRatner. Our firm is built around a team of professionals who have been in the trenches, are hands on and absolutely focused on project execution. As part of B. Riley Financial, GlassRatner offers additional resources ready to get involved with any business situation. Our team members hold various professional designations including CPA, ABV, CIRA, CFE, CVA and ASA.
- Alan Barbee
- Paul Dopp
- Carol L. Fox
- James Fox
- Ronald Glass
- Kip Hamilton
- Samuel Hewitt
- J. Michael Issa
- Ian Ratner
- Jim Howard
- Tom Santoro
- Michael Spindler
- Chad Hutchison
- Antonio Pereira
- Marshall Glade
- Armen Avedissian
- Todd Beresin
- Dan Berman
- William Buckley
- Clay Busker
- Jason Cristal
- George J. Demos
- Michael Fuqua
- Kelley Gastineau
- Bill Hughes
- Craig Jacobson
- Mark Jenkins
- Dan Korczyk
- Teresa Licamara
- Christopher B. Meadors
- Joel Murovitz
- Gary Olsen
- Richard Peil
- Brad Smith
- Susan Smith
- Steven Speier
- Margaret Watkins
- Mark Shapiro
- Michael Thatcher
- Steven Walker
- Mike McGovern
- Brent King
- William McCaleb
- Joseph Pegnia
- Bert Lacativo
- Ken Beeler
- Jeff Nerland
- Karen Rippeon
- Seth Freeman
- Boris Steffen
- Allie Castillo
- Laura Clemente
- Jennifer Copeland
- Peter N. Schaeffer
- Faryl Freeman
- Heather Hawkins
- Ross Hickman
- Gus Katsadouros
- Shana Hood
- David Jeffries
- Kerry Krisher
- Carla Sklenka
- Bernadette Lombardo
- Linda Morvant
- Ashley Peal
- Steven Prager
- Janet Pritchard
- Carmen Ramsey
- Michelle Sams
- Cyrus H. Sharp
- Carolyn Shumate
- Shevi Smith
- Brian Thompson
- Robert Trenk
- Sarah D. Vandagriff
- Tess Wolff
- Riley Young
- Wendy Zolty
- Luiza Ercolano
- Ryan Gustafsen
- Chase Meadows
- Nick Welch
- Yuanxi Xia
- Terri Lopes
- Eric Lange
- Charles Lieberman
- Jonathan Eargle
- Mihwa Park
- Megan Hartman
- Josh Kreisman
- Brett Nocerini
- Adam Lampert
- Greg Schall
- Mark Brown
- Bill Cosden
- Sachin Sanjay
- Zhenni Niu
- Wen Tan
- Arsalan Kayhanfar
- Anthony McIntyre II
Discover Our Industries
GlassRatner has been involved in matters spanning every type of business and industry from telecommunication receivables, to the disposal of contaminated land, to offshore insurance companies. In each of the industries below, GlassRatner is considered to be industry experts in addition to being financial experts. Please contact us to get a specific list of industry expertise/case examples.