Wed, May 10, 2023

Neutral Examination of Municipal Bond Rate-Setting Software

The Challenge

Multiple parties involved in a litigation over municipal bond rate setting required a neutral examiner to test and report on the functionality and configuration of the software used to set rates within a major U.S. bank.

Kroll's Solution

Kroll was engaged for Joe Sremack, Managing Director in the Data Insights and Forensics practice, to serve as the neutral examiner of the rate-setting software. Joe performed document review, data testing and an on-site examination of the software. This process consisted of testing its current and past functionality, as well as answering specific key questions on granular access control and business logic. All testing was required to be completed within a single business day while on site.

The Impact

Joe submitted his neutral examination report that answered over 40 questions regarding the functionality and operations of the software. As a result, both parties agreed with his findings and were able to proceed in litigation without further questions or delays.

Learn More About Our Technology Expert Services

We have technology, data and subject-matter experts in the U.S., the UK, Brazil and APAC for expert testimony, advisory consulting expert services, deposition and trial support. We also offer advanced data analytics and data visualizations to support dispute work, including class action, securities litigation and other major types of litigation.

Data Insights and Forensics

We are the leading advisors to organizations, providing expertise and solutions to address complex risks and challenges involving technology and data. We advise clients with services to address risks in disputes, investigations and regulatory compliance.

Cryptocurrency Risk, Investigation and Compliance Services

Kroll is the leading global provider of crypto compliance, risk, and investigative services. Since the introduction of the first virtual asset in 2009, Kroll has worked side-by-side with crypto companies, investors, and law enforcement to help them meet their most critical challenges.

Technology Expert Services

Our team has decades of experience serving as independent advisors, and our client-focused approach and deep technical expertise allows us to work across a spectrum of technologies, industries and data issues.