Granite Intelligence 2
Granite Intelligence provides sophisticated
Granite Intelligence
business intelligence, investigations and risk
provides comprehensive
management services for its clients. With
investigative services,
considerable experience in finance, business
research and analysis for
intelligence and law enforcement, the firm’s
clients worldwide
principals are committed to providing their clients
business intelligence with discretion, imagination
and integrity. Our clients benefit from the
principals’ personal involvement and creativity,
global network and experience, and
professionalism and industry expertise.
Granite Intelligence is dedicated to building long-
term relationships and client trust by providing
superior results, demonstrable value and
independent objective analysis. The firm’s
principals are fully invested in each matter. We
respond to clients needs worldwide, drawing on a
global network of resources and our experience in
having successfully completed engagements
around the world.

3 Granite Intelligence
Granite Intelligence provides business
We provide financial institutions,
Granite Intelligence
intelligence specifically relevant to our
corporations and law firms with an
provides comprehensive
array of services designed to help
clients’ requirements. It has been our
investigative services,
assess strategic opportunities and experience that each individual due
research and analysis for
mitigate corporate risks through diligence or investigation is distinctly
clients worldwide.
timely intelligence and analysis. We unique, and this requires a defined
provide a dedicated, experienced approach to each and every case,
due diligence and investigations
understanding each client’s unique
team tailored to our clients’ specific
objectives.
objectives. Fortunately, we bring significant
experience in the execution of a wide array
Granite Intelligence provides
of due diligence and investigative processes,
comprehensive investigative
and we recognize the most sophisticated
services, research and analysis for
clients worldwide: methods to provide our clients with the
most effective business intelligence.
Due Diligence
Business Investigations
Granite’s approach is to provide our clients with
Litigation Support & Intelligence personalized investigative services tailored to their
objectives:
Accounting Due Diligence & Complement existing due diligence or
Forensic Accounting research process
Provide intelligence that meets our clients’
objectives
Clearly articulate methodology, expected
timeframe and budget
Report information as required or dictated by
our clients

Granite Intelligence 4
Granite Intelligence has assembled a highly-
Granite Intelligence
experienced and qualified team with a successful
provides comprehensive
track record in complex investigations, both
investigative services,
domestically and abroad. With significant
research and analysis for
professional backgrounds in finance, accounting
clients worldwide.
and law, the principals have collaborated with each
other as business colleagues and partners in a
variety of investigations for more than 25 years,
bringing significant experience in managing
complex investigations for a number of clients
worldwide.
We also have the ability to complement the due
diligence support team with experts in diverse
areas to meet specific requirements. We have
access to broad array of financial, accounting and
investigative professionals that strengthen our
David McDonough
clients’ due diligence efforts on a global basis. Principal
Jeffrey Mueller
Principal
Eric Saucedo
Director
Richard Jacobson
Director

5 Granite Intelligence
Background
Granite Intelligence Granite Intelligence provides senior-
provides comprehensive level investigative resources to law
A law firm served as lead counsel in a lawsuit filed
firms and corporate counsel
against a major financial institution involved in the
investigative services,
worldwide. In complex litigation
structuring and underwriting of complex structured
research and analysis for
matters, thorough preparation is
products, including mortgage-backed securities,
clients worldwide. critical, and that process requires
collateralized debt obligations (“CDOs”), and
gathering, collating and analyzing
collateralized default swaps.
data to support the primary
Objective objectives. Our clients recognize that
The client needed a firm with knowledge of the capital we have the unique professional
markets to identify and interview hundreds of experience to add value to significant
confidential witnesses, and they needed a firm that was litigation matters.
familiar with the structuring, analytics and capital
Business & Financial Litigation
markets operations of the defendant.
Fraud Investigations
Solution
Granite Intelligence was able to identify and conduct Intellectual Property
confidential inquiries with numerous senior-level
White-Collar Crime
professionals knowledgeable of the defendant’s
operations, allowing the client to effectively focus its
discovery process in the case.

Granite Intelligence 6
The GreensLedge Group is a financial
Granite Intelligence Law firms have the opportunity to work with a
advisory firm established by industry
provides comprehensive significant number of investigators in the due diligence
experts in the structured products process of an important legal action. However, few
investigative services,
market. Managing Partners Jim Kane investigators understand the intricacies of such
research and analysis for
and Brian Zeitlin previously led the transactions, because they simply do not have the
clients worldwide.
Global Structured Credit business at background or experience in the financial markets.
J.P. Morgan Chase & Co. Together
Our clients know us and work with us because we have
they have successfully originated,
worked in the financial markets. We know the issues,
structured and distributed over $125
and we understand how we will add significant value to
billion in debt and equity capital
an existing due diligence process. Our principals and
through a diverse array of
network of professionals bring the unique legal and
Collateralized Debt Obligation
financial experience to maximize the due diligence
(“CDO”) and Collateralized Loan
objectives of our clients.
Obligation (“CLO”) structures.
We routinely supplement our due diligence teams with
GreensLedge professionals serve as experts in diverse areas to meet the specific
trusted senior advisors to participants requirements of our clients. We have access to broad
in the structured products universe, array of financial, accounting and investigative
advising clients in complex litigation professionals that strengthen our clients’ due diligence
as well as issues pertaining to efforts on a global basis, ultimately providing a distinct
valuations, acquisitions, divestitures, competitive advantage to our clients.
transaction recapitalizations and
restructurings.

7 Granite Intelligence
Defendant Clients Law Firm Jurisdiction Date Status
Massachusetts Pension Reserves Cohen Milstein Hausfeld & Toll LLP UK & US 2009 Pending
Investment Management Board Labaton Sucharow LLP
(MassPRIM); Mississippi Public Wolf & Popper LLP
Employees Retirement System (PERS)
Norfolk County Retirement System Labaton Sucharow LLP US 2009 Pending
State of Michigan Barrack, Rodos & Bacine LLP UK & US 2008 Pending
Operative Plasterers & Cement Barroway Topaz Kessler Meltzer & US 2008 Pending
Masons International Associate Local Check LLP
262 Annuity Fund Bernstein Litowitz Berger &
Grossmann LLP
Ontario Teachers' Pension Plan Board Bernstein Litowitz Berger & US 2008 Pending
Grossmann LLP
Arkansas Teacher Retirement Systems Bernstein Litowitz Berger & US 2006 Settled 2007
Grossmann LLP $28.5 million
Mississippi Public Employees' Barrack, Rodos & Bacine LLP US 2006 Pending
Retirement System Bernstein Litowitz Berger &
Grossmann LLP
Pacific Investment Management Bernstein Litowitz Berger & Austria, UK & 2006 Pending
Company LLC Grossmann LLP US
RH Capital Associates LLC Grant & Eisenhofer, P.A.
The Teachers' Retirement System of Grant & Eisenhofer, P.A. US 2006 Settled 2008
Louisiana $3.2 billion
Louisiana State Employees' Retirement
System
The Teachers' Retirement System of Grant & Eisenhofer, P.A. US 2005 - 2006 Pending
Louisiana
Public Employees' Retirement System Bernstein Litowitz Berger & US 2005 - 2006 Settled 2008
of Mississippi Grossmann LLP $322.0 million
Grant & Eisenhofer, P.A.
Nix, Patterson & Roach, LLP
City of Philadelphia Board of Pensions Barrack, Rodos & Bacine LLP US 2005 Settled 2008
and Retirement Bernstein Litowitz Berger & (Puerto Rico) $51.0 million
The General Retirement System of the Grossmann LLP
City of Detroit
Public Employees' Retirement System Bernstein Litowitz Berger & Germany, 2005 Settled 2008
of Mississippi Grossmann LLP Switzerland &
Avalon Holdings, Inc. Cohen Milstein Hausfeld & Toll LLP US
Arkansas Teachers' Retirement Bernstein Litowitz Berger & Canada & US 2004 Settled 2006
System Grossmann LLP $10.0 million
Ontario Teachers' Pension Plan Board Bernstein Litowitz Berger & Canada & US 2004 Settled 2006
Grossmann LLP $2.7 billion

Granite Intelligence 8
32 East 31st Street
Suite 9A
New York, NY 10016
www.graniteintelligence.com
Jeffrey J. Mueller
Principal
212.401.4070
jmueller@graniteintelligence.com
Eric Saucedo
Director
212.401.4068
esaucedo@graniteintelligence.com
Richard Jacobson
Director
212.401.4068
rjacobson@graniteintelligence.com

32 East 31st Street | Suite 9A | New York, NY 10016
Tel: 212.401.4070 | www.graniteintelligence.com