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HSNO Launches Financial Sector Crisis Support Service.

Comprehensive financial crisis support includes forensic accounting, transaction reconstruction, computer forensics, electronic discovery, data analysis and expert testimony services

HOUSTON -- Hagen, Streiff, Newton & Oshiro (HSNO), an internationally recognized leader in forensic accounting and electronic data services, today announced they have launched a financial sector crisis support service. Their new service offers specialized expert consultation, analysis and support to corporations and law firms involved in any financial crisis matter. HSNO has more than 35 years of forensic accounting and e-discovery experience with experts located in 17 major market offices that can be anywhere globally within 24 hours. HSNO is poised to rapidly get to the source of critical data in any matter.

Recent actions taken by the Treasury and Federal Reserve during September 2008, including seizure of mortgage giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), the failures of Washington Mutual, Wachovia and Lehman Brothers and the $85 billion bailout of insurance giant American International Group (AIG, Fortune 500) have caused a great concern across global markets.

Henry Paulson, who served as CEO of Wall Street giant Goldman Sachs for seven years before he became Treasury Secretary in 2006, recently stated on MSN, "Oa lot of blame with big financial institutions that engaged in this irresponsible lendingOblame to the people who made the loans they shouldn't have made, people who took out loans they shouldn't have taken out."

"HSNO understands that getting to the source of data truth is critical to any matter," stated Matthew Blake, partner and leader of HSNO Franklin Data's electronic data solutions. "This millennium financial crisis requires organizations to quickly identify potentially relevant information and drill through it with counsel in a cost-effective manner. HSNO offers unsurpassed expert services, technology and support to law firm and corporate legal departments. We are well positioned to aid any institution involved in any financial crisis matter across the world."

Peter Fogarty, CPA, CFE, partner at HSNO said, "Historically HSNO's clients have relied upon us to perform post-crisis forensic accounting. By launching our new financial sector crisis services we are creating a proactive approach to the crisis that will allow our clients to actively seek out and identify the parties most responsible for the loss of billions of dollars by citizens of the U.S."

The HSNO financial sector crisis team includes highly qualified experts who have participated in some of the largest civil litigation and government investigations. Regardless of the data system environment, physical location or language used, HSNO can quickly deploy and provide rapid assessment for clients while meeting any third-party requirements such as regulatory authorities or in connection to litigation.

Computer & Electronic Data Service offerings include:

* Data Identification, Preservation, Collection & Harvesting

* Legal Holds Process & Management

* Data Analysis & Forensics

* Data Processing for Attorney Review

* Data Hosting for Document Review

* Data Presentation to Opposing Parties

* Regulatory Compliance & Audit

Financial Service offerings include:

* Forensic Accounting

* Litigation Support Services

* Expert Testimony

* Transaction Reconstruction

* Financial Fraud Investigation

* Damage Measurement

* Compliance Reviews

For more information on these services, visit

About HSNO

Since 1973, Hagen, Streiff, Newton & Oshiro, Accountants, PC has been internationally recognized as a leader in forensic accounting and litigation support services. With the addition of HSNO Franklin Data in 2007, the firm is also a leader in electronic data solutions, ranging from litigation readiness to discovery response. Located in 17 major markets, HSNO's team includes leading experts with a broad range of experience and expertise. HSNO's partners and staff hold a myriad of professional certifications and licenses and are held to the strict professional standards of a variety of accrediting bodies. For more information, please visit
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Publication:Business Wire
Date:Oct 2, 2008
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