
This edition of Forum features a Q&A between CEO Pierre Cremieux and Chairman Martha Samuelson on Analysis Group’s leadership transition, as well as a feature on the use of the logit model in antitrust matters and a Q&A with finance and accounting expert Marc Siegel.
Analysis Group was retained on behalf of the National Fire Protection Association (NFPA), a nonprofit safety standards development organization and the plaintiff in a copyright infringement litigation against UpCodes, a for-profit code-compliance platform.
To provide insight into recent developments and trends in BIPA litigation, Analysis Group Managing Principal Jee-Yeon Lehmann, Vice Presidents Lolo Palacios and Shannon Seitz, and Associate Blake Fensom analyzed more than 900 BIPA cases filed in federal courts between 2015 and 2024.
Mr. Chen is an expert in structured finance with two decades of experience and product expertise in asset-backed securities and other structured products. These include collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), derivative product companies (DPCs), asset-backed securities (ABS), residential mortgage-backed securities (RMBS), and structured investment vehicles (SIVs). Mr. Chen has served as a testifying expert on issues related to CLO, CDO, and RMBS ratings. He has provided management consulting and litigation support on securities and derivatives matters involving commercial and residential real estate, credit derivatives and total return swaps, and interest rate derivatives and indices, such as the London Interbank Offered Rate (LIBOR) and the transition from LIBOR to the secured overnight financing rate (SOFR). Prior to founding Pronetik in 2010, Mr. Chen was the chief operating officer (COO) and managing director at Centerline Financial LLC. There he monitored synthetic portfolios of multifamily and commercial real estate transactions, drafted and negotiated credit default swap documentation, and served as chief liaison with rating agencies. Earlier in his career, Mr. Chen was vice president of the structured finance-derivatives group at Moody’s Investors Service, where he rated transactions including cash flow and synthetic CDOs, structured notes, credit linked notes, and catastrophe (cat) bonds. He began his career as an associate at Willkie Farr & Gallagher, then joined Sullivan & Cromwell with a practice in corporate law, securities, and a concentration in structured finance. Mr. Chen has appeared on the CBS Evening News and been quoted or cited in media including The Wall Street Journal, Bloomberg News, and Businessweek.
)Professor Tucker is an industrial organization economist whose research spans the fields of technology, health care, real estate, and media and advertising. A particular focus of her work is on the role of data and digitization on competition and consumer behavior. Professor Tucker has deep experience as an expert witness in a variety of cases spanning antitrust and competition, intellectual property, data and data privacy, online advertising, and digital platforms. She has assessed market definition, competitive effects, liability, and class certification issues in matters involving pharmaceuticals, health insurance, consumer goods, sports and entertainment, energy, and consumer electronics, among other industries. She has testified about the effects of data, privacy, and algorithms before Congress, and has presented her work to agencies and organizations such as the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), the International Monetary Fund (IMF), the European Commission Directorate-General for Competition (DG COMP), and the Australian Competition and Consumer Commission (ACCC).
Professor Tucker has published widely on innovation and technology diffusion; online advertising, customer heterogeneity, and algorithms; privacy regulation; network effects; and the economics of social networks. At the National Bureau of Economic Research (NBER), she serves as a research associate, focusing on privacy; a principal investigator on the Project on the Economics of Digitization; and a co-organizer of the Economics of Artificial Intelligence initiative, supported by the Alfred P. Sloan Foundation. Professor Tucker is a co-founder of the MIT Cryptoeconomics Lab, which studies digital currencies and blockchain, and chair of the MIT Sloan Ph.D. Program. Her articles have appeared in leading scientific, economic, management, and marketing journals. She has previously served as associate editor of Management Science and the Journal of Marketing Research and coeditor of Quantitative Marketing and Economics, and she is currently senior editor of Marketing Science.
)Dr. Signorovitch advises life sciences companies on data analytics for business critical research and decision making. He has broad experience leading the strategic development and implementation of analytics across the product life cycle, from early-phase clinical studies to market access and real-world evidence generation. Dr. Signorovitch’s practice areas span trial design, multi-stakeholder collaborations, natural history studies, regulatory interactions, health economic modeling, global reimbursement submissions, policy evaluation, real-world evidence development, individualized medicine, predictive analytics, and due diligence for acquisitions. He has particular expertise in developing and applying new methodologies to address health care research challenges, and in designing analytics platforms to enhance collaborative research and decision making. Dr. Signorovitch’s work has been used to inform clinical regulators and health care payers in US and global markets, published in peer-reviewed journals, and presented at clinical and economic research conferences. Prior to joining Analysis Group, Dr. Signorovitch was a research fellow at the Harvard-MIT Division of Health Sciences and Technology.
)Mr. Lakhani specializes in accounting and auditing, with a focus on life science and technology companies. He has testified before the US Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and the US Department of Justice; and has supervised whistleblower investigations in accordance with PCAOB standards and SEC regulations. He has also served as an accounting expert and testified in federal bankruptcy court. Previously, Mr. Lakhani was a senior partner with Ernst & Young (EY), where he led the national professional practice group for the western US. In this role, Mr. Lakhani consulted on accounting, auditing, and SEC filing and reporting matters with Fortune 500 clients. He was elected to serve on the firm’s board of partners, its highest governance and oversight body. While working at EY, Mr. Lakhani was a lead partner for the biotech company Amgen and the pharmaceutical company Allergan. He has served as an independent review partner for Fortune 500 companies, and he is a former member of InTouch Health’s board of directors and the chairman of its audit committee. Mr. Lakhani is a certified public accountant licensed in California.
)Professor Howell’s research focuses on entrepreneurship, private equity, fintech, and innovation. She is a research associate at the National Bureau of Economic Research, a fellow at the Asian Bureau of Finance and Economic Research, and a research fellow at the Institute for Private Capital’s Private Equity Research Consortium. She has testified before the US House Committee on Ways and Means and presented her work before the US Department of Energy, Senate Committee on Small Business and Entrepreneurship, Air Force, and Centers for Medicare & Medicaid Services. Professor Howell is the recipient of the AQR Asset Management Institute Young Researcher Award and the Kauffman Foundation Junior Faculty Research Fellowship, among other awards. She also serves as an associate editor of The Review of Financial Studies and a member of the advisory board to the American Female Finance Committee of the American Finance Association. Earlier in her career, Professor Howell was an energy security policy analyst and an energy consultant.
)Mr. Egland has worked on a wide range of assignments related to litigation, internal corporate consulting, and government investigations for over 35 years. He specializes in financial economics, statistical sampling, and the economics of competition. Mr. Egland directs the firm’s risk management practice, which provides comprehensive risk audits of investment portfolios. He has presented Analysis Group’s work to government regulatory agencies, to corporate boards, and in court. He has led several teams evaluating claims of excessive fees in the mutual fund industry and on ERISA cases involving the reasonableness of fees charged to 401(k) plan participants. In addition, Mr. Egland has worked on several studies assessing the risk profiles of investment portfolios. In Florida State Board of Administration v. Alliance Capital Management, he led a case team that supported six external experts in a landmark trial victory, in which a Florida jury found Alliance Capital not liable for the losses incurred by the Florida Retirement System pension fund as a result of Alliance Capital’s investments in Enron stock. He also led a case team on behalf of American Century Investments in one of the largest mutual fund excessive fee actions ever filed, which was voluntarily dismissed by the plaintiffs before trial. Mr. Egland is a CFA charterholder.
)Professor Srinivasan focuses his research in the areas of marketing, advertising, e-commerce, technology, and innovation. He specializes in applying structured economic models to unstructured data by merging the tools of econometrics and data science (including machine learning techniques). Specific topics he has consulted and published on include the sharing economy, competitive dynamics and pricing in two-sided platforms; machine learning algorithms and their inherent biases; and health outcomes data. Professor Srinivasan has consulted to several Fortune 500 companies. He has founded two startups and served on the boards of both startups and a private equity firm. He has served on the editorial boards of the Journal of Marketing Research, Management Science, Marketing Science, and Quantitative Marketing and Economics. He was a coeditor-in-chief of the Marketing Science special issue on emerging markets. Professor Srinivasan is a former president of the INFORMS Society for Marketing Science. He has been granted several patents on dynamic business models on the internet and has worked closely with patent examiners. His patents have been licensed by a Fortune 3 firm, and he has a deep knowledge of the securing and infringement of patents.
)Dr. Mathur specializes in the application of microeconomics, statistics, and econometrics to complex litigation matters, government and regulatory investigations, and consulting engagements in the areas of antitrust and competition, class certification, intellectual property, and complex commercial damages. She has provided expert economic testimony on antitrust, class certification, and damages issues at depositions and trial. Dr. Mathur has testified in federal court on numerous issues including price-fixing, monopolization, and exclusionary conduct. Notably, she provided expert testimony in In re: Foreign Exchange Benchmark Rates Antitrust Litigation in the successful defense of Credit Suisse against allegations of foreign exchange market manipulation; and in Ingevity Corporation, et al. v. BASF Corporation on the anticompetitive conduct of Ingevity, quantifying BASF’s significant lost profits due to exclusionary practices, leading to a successful jury verdict. She regularly collaborates with academic and industry experts, leads consulting teams, and supports attorneys and other stakeholders in all phases of litigation. Dr. Mathur has worked on behalf of the US Department of Justice (DOJ) and the Federal Trade Commission (FTC), and consulted to firms in numerous industries, including technology, media, telecommunications, pharmaceuticals, consumer products, financial services, manufacturing, and chemicals. She has lectured at the Kellogg School of Management at Northwestern University and has published on economic analysis in litigation, including a chapter in Proving Antitrust Damages published by the American Bar Association.
)Professor Tufano’s work spans a broad range of topics in finance, including climate finance and derivatives and structured finance. His research interests include financial innovation, business solutions to climate change, the design of new securities and financial instruments, the organization of financial markets, corporate risk management, the mutual fund industry, and household finance. Professor Tufano has provided expert testimony and reports in several finance- and securities-related matters, including a matter involving retained asset accounts; the Parmalat securities litigation; economic characterizations of securities for tax courts; and the Enron Corporation securities, derivative, and ERISA litigations.
He has written a number of books, and his articles have been published in journals such as The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, and Harvard Business Review. He is an associate editor of the Journal of Investment Management. Professor Tufano’s work has also been featured in a number of media outlets, including The New York Times and the Financial Times. He has received several awards, including the Smith Breeden Prize for the best finance paper published in The Journal of Finance and a leadership award from the Aspen Institute. Prior to re-joining the Harvard Business School faculty, he was dean of the Saïd Business School at the University of Oxford for a decade.
)Mr. Ellman specializes in the application of microeconomics, statistics, and financial analysis to complex commercial litigation matters and government investigations. He has worked on behalf of the US Department of Justice and Federal Trade Commission, and has consulted to law firms in litigation and regulatory matters involving antitrust and competition, drug safety and product liability, intellectual property, data breaches, and general commercial damages issues. Mr. Ellman has conducted market analyses and assessments of competitive effects in major antitrust matters, as well as for proposed and executed mergers. He has also conducted statistical analysis, market research, and other economic analyses to evaluate the appropriateness of class certification in antitrust and commercial disputes, and to assess liability and damages. Mr. Ellman’s expertise in matters involving the pharmaceutical and medical device industries includes analyzing therapeutic markets and competitive dynamics; assessing evidence of causal associations in product liability suits; and conducting statistical analyses of market surveillance, clinical trial, and observational study data to evaluate the comparative effectiveness, safety, and dosing patterns of different treatments across a variety of therapeutic categories. He has published articles on a wide range of topics, including the assessment of causation and harm in data breach litigation, the appropriate analysis and interpretation of post-marketing surveillance data in product liability cases, and the economics of biosimilar drugs.
)Professor Jiang is a finance expert whose research focuses on corporate governance, institutional investment, technology, and financial markets. She has published extensively on M&A, as well as corporate finance and governance issues related to control changes. Her work has been published in numerous peer-reviewed journals and featured in major media outlets, including The Wall Street Journal, The Economist, Institutional Investor, Money, Fortune, Businessweek, The New York Times, and the Financial Times. Professor Jiang is the recipient of several awards for research excellence, including from The Journal of Finance, The Review of Financial Studies, and the Journal of Financial Economics, as well as best paper prizes from the Western Finance Association, the Chicago Quantitative Alliance, INQUIRE UK, the Q Group, and the Investor Responsibility Research Center Institute. She has served in editorial roles for several prominent journals, including The Review of Financial Studies, The Journal of Finance, and Management Science.
Professor Jiang is currently the vice president of the American Finance Association. Her three-year term will include a year as president-elect in 2025 and a year as president in 2026. She is also a senior fellow at the Program on Corporate Governance at Harvard Law School, a fellow at the Financial Management Association, a research associate in the Law and Economics and Corporate Finance Programs at the National Bureau of Economic Research, a member of the Committee on Capital Markets Regulation, and the president of the Society for Financial Studies. Prior to joining Goizueta Business School, Professor Jiang was the Arthur F. Burns Professor of Free and Competitive Enterprise and the vice dean for curriculum and instruction at Columbia Business School.
)Mr. Contino specializes in the analysis and valuation of residential mortgage loans and complex structured finance instruments. His work spans mortgage servicing rights, non-performing loans, resecuritizations, residuals, and other credit-sensitive mortgage securities. Mr. Contino’s litigation and advisory experience includes valuation, risk sensitivity analysis, and feasibility assessments in the context of mortgage-backed securities and structured products, as well as disputes involving suitability, market practices, and intellectual property. He has provided expert testimony in federal and state courts and in arbitration and has consulted on several matters involving the FDIC and the US Department of Labor. He has also offered quantitative support in numerous mortgage-related litigation assignments and government programs, including the Mortgage Purchase Program for three of the Federal Home Loan Banks.
At Sperlinga Advisory, he provides structured finance advisory services to institutional clients. He also serves as COO and Chief Risk Officer of a mortgage-focused SEC-registered investment advisor. His previous roles include managing mortgage credit hedge funds at Structured Portfolio Management and at New Amsterdam Partners, and early career positions in structured and municipal finance at PaineWebber, Drexel Burnham Lambert, and Blyth Eastman Paine Webber.
)Professor Statman’s research focuses on behavioral finance. Specifically, he endeavors to understand how investors and managers make financial decisions, and how these decisions are reflected in financial markets. The questions he addresses in his research include what investors want and how to balance those wants; investors’ cognitive and emotional shortcuts, and how to overcome related errors; how these wants, shortcuts, and errors are reflected in saving, spending, and portfolio construction choices; and how these choices are reflected in asset pricing and market efficiency. He has consulted to several investment companies and given presentations on his work worldwide.
Professor Statman’s most recent book is Behavioral Finance: The Second Generation. His research has been published in The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, the Journal of Financial and Quantitative Analysis, Financial Analysts Journal, and The Journal of Portfolio Management, among other publications. He is an associate editor of the Journal of Behavioral Finance and the Journal of Investment Management, and also serves on the advisory board of several publications. His research has received several awards – including two Bernstein Fabozzi/Jacobs Levy Awards, the Matthew R. McArthur Industry Pioneer Award, and the William F. Sharpe Best Paper Award – and has been supported by the National Science Foundation, the CFA Institute Research Foundation, and the Investment Management Consultants Association.
)Professor Slottje has deep experience in both academia and economic consulting. An emeritus professor of economics at Southern Methodist University, he has been working in litigation consulting for more than three decades in senior positions with several international firms. He has worked with many leading law firms, testifying at deposition and trial in hundreds of prominent matters.
An economist and a statistician, Professor Slottje is an expert in the fields of labor economics, consumer demand, industrial organization, and statistics and econometrics, allowing him to bring a unique perspective and skill set to his consulting assignments. He has published more than 150 journal articles and more than a dozen books, and has been ranked among the world’s top three scholars in applied econometrics based on his publishing record in the field. Professor Slottje is a member of the American Economic Association, the American Statistical Association, and The Econometric Society.
)Arnold Barnett's research specialty is applied mathematical modeling generally focused on problems of health and safety. His early work on homicide was presented to President Ford at the White House, and his analysis of US casualties in Vietnam was, among other things, the subject of a column by William F. Buckley. He has received the President's Award and the Expository Writing Award from INFORMS (1996 and 2001, respectively) and the President's Citation from the Flight Safety Foundation (2002) for “truly outstanding contributions on behalf of safety.” He has written op-ed pieces for The New York Times, The Wall Street Journal, The Boston Globe, and USA Today. Ten times he has been honored for outstanding teaching by students at MIT's Sloan School of Management; in 1992, Business Week described him as the “best” Sloan School faculty member. Dr. Barnett has testified in many legal proceedings as a statistical expert and an aviation-safety expert.
)Mr. Feige specializes in the areas of finance, securities, and financial markets. He has worked on and managed a range of securities and valuation projects in the UK and Europe. Mr. Feige has been appointed as expert in Dutch court to provide valuation and securities claims reports in support of Steinhoff’s global securities settlement, and gave evidence in the Dutch Enterprise Chamber regarding the valuation of Getir. He has also managed teams evaluating shareholder reliance and disclosure materiality and estimating counterfactual share prices in UK Financial Services and Markets Act (FSMA) Section 90A litigation matters. Mr. Feige has supported experts analyzing the volume of false and spam accounts on Twitter, Twitter’s information security infrastructure, Twitter’s data privacy and compliance with a US Federal Trade Commission (FTC) consent decree, and share price and valuation issues on behalf of Twitter in Twitter v. Musk in which Elon Musk eventually purchased Twitter at his initial offer price. In cases involving alleged market manipulation in the foreign exchange (FX) and IBOR markets, he has analyzed trade data and evaluated alleged manipulation strategies. Mr. Feige worked on USA v. Richard Usher, et al., and the Foreign Exchange Class Antitrust Litigation, analyzing FX trade and chat data, as well as competition issues; preparing experts for testimony at trial; and providing data analyses and consulting support to counsel throughout the projects. He has also worked on a range of international arbitration cases, including valuation, damages, and competition analyses. In addition, he has developed complex valuation models, including discounted cash flow models, and analyzed asset-backed securities, collateralized debt obligations, and other securitized products in support of expert testimony in a number of bankruptcy and damages matters. Mr. Feige has also worked on a number of international arbitrations valuing defaulted sovereign debt, expropriated oil fields, and retail operations. His work has been published in several industry journals.
)Mr. Conway is an expert on complex technical accounting, Sarbanes-Oxley compliance, and corporate governance, with 40 years of experience in public accounting. His litigation experience includes preparing expert witness reports, assisting counsel with case strategy, and testimony. Prior to his consulting career, Mr. Conway was the regional associate director of the Public Company Accounting Oversight Board (PCAOB) in Orange County and Los Angeles. At the PCAOB, he inspected audits of the Big Four firms, focusing on revenue recognition, business combination accounting, the valuation of identifiable intangible assets, and impairment testing of goodwill and identifiable intangibles. Mr. Conway has also been the senior professional practice director at CNM, a technical accounting advisory firm, and an audit partner at KPMG, where he served for 26 years. He is the author of The Truth About Public Accounting: Understanding and Managing the Risks the Auditors Bring to the Audit, and he has led a number of corporate seminars on accounting and auditing issues, including at the Stanford Graduate School of Business.
)Professor Kahn’s research interests include brand management and loyalty, consumer choice and decision making, price promotions, and retailing. She has served as an expert witness and testified at deposition in numerous matters. Professor Kahn is the author of Global Brand Power: Leveraging Branding for Long-Term Growth and The Shopping Revolution: How Retailers Succeed in an Era of Endless Disruption Accelerated by COVID-19, and coauthor of Grocery Revolution: The New Focus on the Customer. She has published more than 70 articles in leading academic journals. She is a former area editor of Marketing Science, the Journal of Consumer Research, the Journal of Consumer Psychology, and the Journal of Marketing, and has served on the editorial boards of the Journal of Marketing, the Journal of Marketing Research, Marketing Science, the Journal of Consumer Research, the Journal of Behavioral Decision Making, and Marketing Letters. Prior to joining The Wharton School, Professor Kahn was on the faculty of the UCLA Anderson School of Management. She also served as dean of the Miami Herbert Business School.
)Dr. Sosa specializes in the economics of network industries, law and economics, and industrial organization. He has consulted to telecommunications and electric utility clients on a broad range of litigation and regulatory issues, including industry restructuring, technical standardization, operational and financial benchmarking, mergers and acquisitions, market power analysis, and competitive strategy. Dr. Sosa has served as an expert witness before several state and federal agencies, and has supported testifying experts in assessing the economic impacts of several high-profile mergers in the telecommunications industry. In other telecommunications work, Dr. Sosa has analyzed spectrum license acquisitions, wireless technology standards, and voice and data roaming markets. He has also consulted to telecommunications carriers in Latin America, Europe, and Asia on issues related to competition, regulation, and litigation. In addition, Dr. Sosa has performed damages and valuation analyses for clients in a broad range of litigation matters, including consumer class actions, intellectual property, employment, bankruptcy, and commercial contracts. He is a frequent public speaker and has published a number of articles in industry and professional journals, including Public Utilities Fortnightly, the Journal of Legal Studies, and the Michigan Telecommunications and Technology Law Review. He is a member of the American Economic Association and Federal Communications Bar Association. Before joining Analysis Group, he consulted to the California Energy Commission and Telcordia.
)Professor LaRue has been recognized as an expert in federal and international taxation, financial and cost accounting, and economic and financial analysis in several cases before the US Tax Court, US District Courts, and the US Court of Federal Claims. He has provided invited testimony on tax policy issues before the US House of Representatives Ways and Means Committee and the US Department of the Treasury. As a faculty member at the University of Virginia for 25 years, Professor LaRue taught undergraduate and graduate courses on financial accounting, federal taxation, economic analysis, and international finance and business at the McIntire School of Commerce, and served as the director of its graduate accounting program. He also developed and taught in-house continuing education courses on federal taxation for KPMG; PwC; Ernst & Young; Deloitte Touche; and the NYU School of Law in connection with the Internal Revenue Service’s (IRS’s) Office of Chief Counsel; among others. Professor LaRue has authored articles on various aspects of taxation that have appeared in publications including NYU’s Tax Law Review and the American Bar Association’s The Tax Lawyer. He has chaired and served on committees and task forces for numerous organizations, including the Tax Section of the American Institute of Certified Public Accountants (AICPA), the American Taxation Association, the American Accounting Association, and others. In recognition for his work as an instructor, researcher, and expert, Professor LaRue has won over a dozen teaching awards, including the Virginia Society of Certified Public Accountants’ Outstanding Educator Award and the Ernst & Young Tax Literature Award, as well as commendations from both the US Department of Justice’s Fraud Section and the Criminal Investigation Division of the IRS.
)Ms. Mulhern specializes in the application of economic principles to issues arising in complex business litigation. She has served as an expert witness on damages issues in commercial litigation matters, including intellectual property (IP) and breach of contract cases, providing testimony in various district and state courts. Ms. Mulhern’s intellectual property damages experience includes cases involving allegations of patent, copyright, and trademark infringement, as well as misappropriation of trade secrets; she has also provided expert testimony on these issues in Section 337 cases at the International Trade Commission (ITC). Before the ITC, she has testified on a variety of economic issues, such as domestic industry, remedy, bonding, commercial success, and public interest. Ms. Mulhern’s litigation experience spans a variety of industries, including pharmaceuticals, medical devices, automotive, entertainment, consumer products, computer hardware and software, semiconductors, and telecommunications. In non-litigation matters, she has assisted clients in valuing intellectual property and other business assets in the context of strategic alliances and joint ventures. Ms. Mulhern has been recognized as among the top economic experts for IP matters by Intellectual Asset Management (IAM) in the IAM Patent 1000, which identifies leading patent professionals around the globe. She is a member of the American Economic Association and the Licensing Executives Society, and is a frequent writer and speaker on issues related to intellectual property valuation and damages assessment.
)Professor Stavins is a leading expert in environmental and natural resource economics. He has consulted to public, private, and governmental organizations, and has served as an expert in dozens of matters.
In his energy-related work, Professor Stavins focuses on domestic and international climate policy; design and implementation of market-based policy instruments (e.g., tradable permits); the competitive effects of regulation; assessment of environmental regulation costs; and environmental benefit valuations. His natural resource work focuses on water, agriculture, and forestry. He is actively involved in advising public officials and government agencies on environmental policy. Professor Stavins was a member of the Energy and Environmental Markets Advisory Committee at the US Commodity Futures Trading Commission, and is a former chairman of the Environmental Economics Advisory Committee of the US Environmental Protection Agency’s Science Advisory Board. He has consulted to several presidential administrations, the US Congress, the US Agency for International Development, the World Bank, the United Nations, the National Academy of Sciences, state and national governments, environmental advocacy groups, private foundations, trade associations, and corporations.
Professor Stavins has over 30 years of teaching experience and holds numerous academic positions at Harvard, including as director of graduate studies for the Ph.D. program in public policy and Ph.D. program in political economy and government, and as co-chair of the Harvard Business School/Harvard Kennedy School joint degree program. His research on environmental, natural resource, and energy economics has appeared in over 100 articles in academic journals and popular periodicals, as well as in more than a dozen books.
)Professor Chevalier is an expert in industrial organization, finance, and competitive business strategy. She has provided expert testimony and been deposed in several major antitrust matters, including State of New York v. Intel Corporation, in which she assessed the business strategies of competitors in the semiconductor industry and evaluated market outcomes. An affiliate with Analysis Group, Professor Chevalier, supported by Analysis Group teams, recently served as an expert in litigation involving online search databases, and in several matters involving entertainment industry issues related to rights, prices, and competition. She has also assisted a number of major technology firms with analyses of competition and antitrust issues. Professor Chevalier's academic research focuses on the economics of electronic commerce, the interaction between firm capital structure and product market competition, and price seasonality and cyclicality. Her research has been featured in Slate magazine and on National Public Radio. Professor Chevalier is also an elected member of the American Academy of Arts and Sciences. She is a former member of the American Economic Association's (AEA) Executive Committee and a former board member of the organization's Committee on the Status of Women in the Economics Profession. In 1999, she won the first biennial Elaine Bennett prize, given by the AEA in recognition of research by a woman in any area of economics. Professor Chevalier is an active author. She has published articles in the American Economic Review; Journal of Industrial Economics; Journal of Business; Quarterly Journal of Economics; Journal of Finance; Journal of Law, Economics, and Organization; and Journal of Political Economy. She is a former coeditor of the Rand Journal of Economics and has served as a coeditor of the American Economic Review, editor of the B.E. Journal of Economic and Policy Analysis, advisory editor of Quantitative Marketing and Economics, and associate editor of numerous journals.
)Mr. Fink specializes in the application of economic analyses to complex business litigation matters. He has provided expert support in a broad range of cases, including antitrust matters, intellectual property (IP) cases, general business litigation, and regulatory proceedings. Mr. Fink has experience supporting experts across a variety of industries, including pharmaceuticals, high tech, agriculture, and media and entertainment. His case work has included antitrust claims against brand and generic drug manufacturers involving allegations of reverse-payment settlements, IP disputes involving biologic and biosimilar pharmaceutical manufacturers, and restraint of trade allegations involving exclusive licensing in the cosmetics industry. He has assisted attorneys, academic affiliates, and industry experts in all phases of complex litigation, including pretrial discovery, case strategy, expert reports, deposition support, and trial preparation.
)Professor Crémer is an expert in industrial organization with a particular focus on competition, contract theory, planning theory, the economics of organization, and the theory of auctions. His recent research examines these issues with applications to the economics of two-sided platforms, industries with network effects, and the Internet, where he examines the effect of new market entrants on incumbent firms, among other competitive issues. Professor Crémer has testified before the European Commission in relation to the AOL-Time Warner merger, and has consulted to clients including Microsoft, Google, Sucre Saint Louis, Intel, GTE, and Time Warner. He has published extensively on a variety of topics, including the consequences of mergers on competition and policy, the costs and benefits of vertical integration, and the value of switching costs. He is the coauthor of the book, Models of the Oil Market, and has contributed to various other books, including the chapter “Switching Costs and Network Effects in Competition Policy” in Recent Advances in The Analysis of Competition Policy and Regulation. Professor Crémer has served in editorial positions for International Journal of Industrial Organization, European Economic Review, and The RAND Journal of Economics, and his work has been published in peer-reviewed journals such as American Economic Review, The Quarterly Journal of Economics, and Journal of Industrial Economics. Professor Crémer is a Fellow of the European Economic Association; a Fellow and member of the Council of the Econometric Society; and a Fellow of the Society for the Advancement of Economic Theory. From 2011 to 2014, he was the Scientific Director at the Toulouse School of Economics (TSE). Prior to that, he served as the Director of Institut d'Economie Industrielle (IDEI), a research institute of the Toulouse School of Economics focused on partnerships with government and industry. He also manages the Jean-Jacques Laffont Digital Chair at the TSE and is a member of the French Digital Council (Conseil National du Numérique).
)Ms. Kamerick is an expert in corporate governance, corporate finance, securities law, and mergers and acquisitions (M&A). She has held CFO positions at a number of prominent firms – including BP Amoco (Americas), Heidrick & Struggles, and Houlihan Lokey – and served as a senior financial and legal advisor to major multinational corporations. Ms. Kamerick is a former M&A and securities attorney with Skadden, Arps, Slate, Meagher & Flom. She has significant experience overseeing 401(k) and defined-benefit retirement plans, and chairing defined-benefit retirement plan investment committees. In addition to consulting on financial, strategic, and corporate governance matters, Ms. Kamerick serves on several boards, frequently acting as chair of the audit committee and as the board’s Securities and Exchange Commission (SEC) financial expert. She also serves on the boards of the Legg Mason Closed-End Mutual Funds and the AIG Funds & Anchor Series Trust (a mutual fund complex). Ms. Kamerick is a National Association of Corporate Directors (NACD) Board Leadership Fellow and holds the NACD Directorship certification. She has held several adjunct professorships and lectured on corporate governance and fiduciary duties at numerous universities, as well as in NACD’s Battlefield to Boardroom program for flag officers. Ms. Kamerick is a frequent contributor to Agenda and Directors & Boards. She serves on the Alzheimer’s Association board of directors, as well as its audit and finance committees. In 2020, she was a judge for IR Magazine’s Corporate Governance Awards.
)A co-founder of Analysis Group, Inc., Dr. Stangle is an economist specializing in the fields of industrial organization and finance. He has over 40 years of experience directing large research projects in numerous industries on issues related to antitrust, regulation, bankruptcy, ERISA, and securities matters, and has consulted to firms on various management, strategy, and policy issues. Dr. Stangle has provided testimony on class certification, market definition, entry conditions, competitive effects, securities valuation, and damages. He is a trustee emeritus of Bates College and a former outside member of the board of directors of Wellington Trust Company, NA, a money management firm. Dr. Stangle also occasionally serves on the boards of startup firms, and was formerly a director of a mutual fund and a venture capital firm.
)Mr. Lawrence is an expert in due diligence, investment practices, and corporate governance. He has testified and been retained as an expert in high-profile securities lawsuits and advised the US Securities and Exchange Commission (SEC) on due diligence and investment practices. In his role at Pacific Financial Group, Mr. Lawrence oversees a portfolio of private equity, marketable securities, and alternative investments. He teaches due diligence at Southern Methodist University, where he founded the Center for Advanced Due Diligence Studies. Mr. Lawrence has published extensively in the field and is the author of Due Diligence in Business Transactions, a leading text in the field for more than 20 years; Due Diligence: Investigation, Reliance & Verification – Cases, Guidance and Contexts; Due Diligence: Law, Standards and Practice; and Due Diligence, a Scholarly Study. His work has been cited by the US District Court for the Southern District of New York, in filings before the US Supreme Court, and in other publications. He has served on boards of directors and on the audit, management, compensation, and executive committees of public and private companies. Prior to his academic and investment career, Mr. Lawrence was a managing partner of an international law firm, where he founded and taught the firm’s due diligence training program, managed its investment fund, and chaired the global technology, media, and telecommunications practice. He has been admitted to the state bars of New York, the District of Columbia, and Texas.
)Ms. Okie has conducted economic and financial analyses and managed case teams in support of academic and industry experts across engagements in securities and antitrust litigation, regulatory investigations, bankruptcy matters, arbitrations, and general commercial litigation. Her experience spans a wide variety of sectors and has included fact and expert discovery, class certification, liability and damages, and trial. Her antitrust work includes civil and criminal litigation surrounding a variety of alleged anticompetitive conduct and analyses of competition issues across a range of industries. Ms. Okie has worked on a number of matters at the intersection of antitrust and financial services, including alleged anticompetitive conduct related to foreign exchange rates, municipal bond markets, and financial product trading. She has assessed alleged misrepresentations and omissions in the underwriting of securities, including issues surrounding loss causation, falsity, materiality, and buy-side and sell-side due diligence; analyzed valuation issues in mergers and acquisitions; and evaluated REIT market corporate governance and industry dynamics. In the energy sector, Ms. Okie has estimated damages associated with failed projects; valued rights-of-way; and supported clients involved in market manipulation investigations by the US Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), the Federal Energy Regulatory Commission (FERC), and state agencies. She has evaluated trading data, market power, and other competitive issues in oil, natural gas, propane, and electricity markets. Ms. Okie has published on many energy; environmental; and environmental, social, and governance (ESG) topics and authored white papers and reports for foundations, regional transmission organizations, and industry organizations. Ms. Okie is vice-chair of the Insurance and Financial Services Committee of the American Bar Association’s Antitrust Law Section.
)Professor Steckel's primary research areas include marketing and branding strategy, marketing research, direct marketing, consumer response to marketing strategy, and management decision making. Professor Steckel has consulted, testified as an expert witness, and conducted modeling and analysis in numerous cases involving antitrust, damages assessment, trademarks, marketing and branding strategy, forecasting, and the statistical analyses of market response. He has analyzed industries including telecommunications, consumer products, financial services, pharmaceuticals, apparel, retail, and health care. He was the founding president of the INFORMS Society for Marketing Science, served six years as the chair of NYU Stern School's marketing department, and is currently the vice dean of the Ph.D. programs at NYU Stern.
Professor Steckel also has published numerous articles in such peer-reviewed journals as the Journal of Marketing Research, the Journal of Retailing, Marketing Science, Interfaces, and the Journal of Consumer Research.
)Professor Dranove's research focuses on problems in industrial organization and business strategy, with an emphasis on the health care industry. He has published nearly 100 research articles and book chapters, and is the author of six books, including The Economic Evolution of American Healthcare, Code Red, and the textbook The Economics of Strategy, which is used by leading business schools around the world. Professor Dranove regularly consults with leading health care organizations in the public and private sectors. He also has two decades of experience performing and testifying about economic analyses in both litigation and regulatory actions. Most recently, he testified on competition issues for the US Department of Justice in the agency’s effort to block a proposed merger of two commercial health insurers. Professor Dranove concluded that the proposed transaction likely would result in higher prices and less innovation. He also has served on the executive committee and board of directors of the Health Care Cost Institute. Professor Dranove is on the review board of numerous prominent industry journals; he is the editor of the International Journal of Health Economics and Management and an associate editor of the RAND Journal of Economics. He is an elected member of the National Academy of Medicine.
)Dr. Frot is an economist with specialized expertise in applying quantitative analyses to competition, litigation, regulatory, and business intelligence issues. He advises firms in a wide range of industries, providing economic and econometric expertise on matters related to mergers, market concentrations, cartel investigations, and damages.
Over the years, he has performed numerous economic and econometric analyses in Phase I and Phase II mergers before the French Competition Authority and the European Commission, including Veolia Transport/Transdev, Jardiland/InVivo, Castel/Patriarche, Fnac/Nature & Découvertes, d’aucy/Triskalia, Lactalis/Nuova Castelli, Lactalis/Leerdammer, CMA CGM / Bolloré Logistics, Canal+/OCS, and Suez/Veolia. He has led case teams and performed economic analyses in several prominent horizontal and vertical cartel cases, as well as estimated damages in antitrust litigation and intellectual property matters. He has also assisted companies in modeling and implementing changes to pricing behavior.
His reports have been presented to the European Commission, the French Competition Authority, the Court of Appeals, the Conseil d’État (France’s highest administrative court), the Tribunal of Commerce of Paris, and regulators in the telecommunications, energy, transportation, and gambling sectors. Dr. Frot has published a number of articles in peer-reviewed journals and regularly speaks at international competition law and policy conferences.
)Professor Keller is a marketing expert who specializes in the application of consumer psychology, information processing, and choice behavior to complex litigation matters involving claims of consumer confusion, false advertising, trademark infringement, and product liability, among other topics. She studies the application of social marketing principles and behavioral theory in consumer and employee contexts, with a focus on designing and implementing consumer communication programs. Professor Keller’s research has been used to assess consumer behavior and decision making and address how consumers incorporate and respond to information across a variety of settings and industries, including pharmaceuticals, health care, financial services, consumer products, law, employee benefits, and insurance. She regularly collaborates with academic and industry experts to inform government-sponsored research on physician and patient decision making for organizations such as the National Institutes of Health, the National Cancer Institute, and the National Institute on Aging.
Professor Keller has consulted to firms on US Food and Drug Administration (FDA) and Federal Trade Commission (FTC) matters and worked on behalf of several government agencies, including the US Department of the Treasury and the Centers for Disease Control and Prevention (CDC). Her work has been published in several marketing journals, and she has also served on numerous journal editorial review boards. She has earned awards for designing effective communications related to health and savings from the Marketing Science Institute and the National Endowment for Financial Education, among others. Professor Keller’s research on decision making was cited by the Social and Behavioral Sciences Team’s 2015 Annual Report for the White House on the use of behavioral science in the design of federal programs and policies. Professor Keller is a fellow of the Association for Consumer Research.
)Professor Denis’s research examines corporate governance, corporate financial policies, corporate organizational structure, corporate valuation, and entrepreneurial finance. He has taught courses on corporate financial management, venture capital, and investment banking in M.B.A., Ph.D., and executive education programs. He has also consulted extensively to private companies, law firms, and government agencies on various aspects of financial markets and securities, including bankruptcy reorganization, payout policy, credit ratings, corporate restructuring, stock prices, corporate valuation, corporate governance, capital acquisition, executive compensation, mortgage-backed securities, and collateralized mortgage obligations. Professor Denis has published more than 50 articles in leading peer-reviewed journals, and coedited a book on corporate restructuring. He has served in editorial roles for a number of journals, including The Journal of Finance, The Review of Financial Studies, The Journal of Financial Research, the Journal of Corporate Finance, and Annals of Finance. He is a past president of the Financial Management Association International.
)Mr. Starfield specializes in the direction and management of large-scale cases involving complex economic and financial issues. For more than two decades, he has conducted economic analysis and managed case teams in support of leading academic experts in a range of cases, notably a number of matters involving complex securities, including residential mortgage-backed securities, collateralized debt obligations, and credit default swaps. In matters related to the Lehman bankruptcy, he supported multiple experts in assignments related to structured financial products, secured financing, collateral management, derivatives risk exposure, complex accounting topics, and the causes of Lehman's failure. He also managed case teams in the Enron-related litigations involving some of the major settlements emerging from the Enron bankruptcy. In addition, he has worked on a broad range of cases in the investment management area, including numerous matters involving alleged violations of Sections 10b-5 and 11, in which he provided management of many dimensions of financial and economic analysis, including market efficiency, loss causation and materiality, and damages. Mr. Starfield also worked with mutual fund companies, boards, and regulators in some of the most prominent market timing matters. He managed all aspects of financial and economic analysis in a fraudulent conveyance litigation involving one of the largest bank failures in US history, including identification and support of numerous academic expert witnesses who testified on the economics of the banking industry; conditions in real estate markets; the management, operation, and regulation of nationally chartered commercial banks and bank holding companies; and factors that led to bank failures.
He has conducted analyses and served as an expert in numerous matters involving commercial disputes, and also has significant experience in the valuation of large, closely held companies.
In his role as an expert, Mr. Starfield has developed economic and financial models; prepared testimony; developed, presented, and reviewed pretrial discovery; and evaluated the economic and financial analyses of opposing experts. He has provided support to successful testimony on numerous topics involving economics in both bench and jury trials. Outside of litigation, he has assisted clients in a variety of industries with development of business plans and financial projections, frequently involving the use of complex integrated financial models. Formerly a senior manager in the Dispute Analysis and Corporate Recovery Services group of Price Waterhouse, Mr. Starfield is a chartered accountant of South Africa, a member of the South African Institute of Chartered Accountants, and a member of the Association of Chartered Certified Accountants in the United Kingdom.
)Ms. O’Laughlin works with clients on both litigation and non-litigation matters. In the litigation context, she has served as an expert witness and testified at trial, and conducts economic analyses and manages case teams in support of academic and industry experts in a broad range of matters throughout the US and Canada. She has assisted clients in all phases of the litigation process, and has supported expert witnesses in the preparation of reports and other testimony in matters involving merger reviews, antitrust litigation, competition policy, data privacy, labor relations, false advertising, finance, valuation, trademark, intellectual property (IP), and patent infringement. Ms. O’Laughlin also has experience with allegations of exclusionary conduct in various industries, including agricultural products, consumer packaged goods, finance, retail, telecommunications, and technology. She has developed, administered, and analyzed surveys in trademark, IP, antitrust, consumer protection, data privacy, and false advertising matters. In the non-litigation context, Ms. O’Laughlin uses complex research methods and applies innovative analytical approaches to provide new insights on the competitive and market challenges that clients face in managing and expanding their businesses. She publishes regularly on issues related to marketing, economics, litigation, and public policy. Ms. O’Laughlin is bilingual in both of the official languages of Canada, French and English.
)Professor Stuart specializes in intellectual property, corporate strategy, and entrepreneurship, and has conducted analyses of firms' incentives to innovate. He has provided expert consulting services to numerous companies, and teaches M.B.A., doctoral level, and executive education courses in corporate strategy, mergers and acquisitions, technology strategy, and entrepreneurship.
Professor Stuart's academic research focuses on the formulation of firm strategies in a number of industries; the formation, governance, and consequences of strategic alliances; organizational design and new formation in established firms; and venture capital networks and the role of networks in the creation of new firms. He is a recipient of the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and of Administrative Science Quarterly's Scholarly Contribution Award for best paper.
A prolific author, Professor Stuart has published several book chapters and numerous articles in peer-reviewed journals, including Administrative Science Quarterly, Strategic Management Journal, Management Science, Research Policy and Industrial and Corporate Change. He is a past or present editorial board member of these journals, and a former associate editor of the American Journal of Sociology.
)Dr. Sun is an anesthesiologist and health economist with expertise in perioperative and pain medicine, population health, and public health policy. His research explores issues of health through clinical and economic lenses, and has examined topics such as the influence of drug and physician pricing on medical outcomes; physicians’ responses to payment program incentives; the economics of medical innovation, including the value of new technologies to patients and society; and methods for lowering the use of opioids in pain management. From 2019 to 2020, he served as a senior health economist on the President’s Council of Economic Advisers. Dr. Sun coauthored the book Health and Wealth Disparities in the United States, and cowrote the chapter “Do We Need the FDA? Improving the Regulation of Pharmaceutical Products” in Regulation vs. Litigation: Perspectives from Economics and Law. He has published articles in The American Journal of Managed Care, the Annals of Internal Medicine, Forum for Health Economics & Policy, Health Affairs, JAMA, JAMA Internal Medicine, the Journal of Health Economics, and The New England Journal of Medicine, among other journals. He is an associate editor of Anesthesia and Analgesia and Anesthesiology. Dr. Sun’s committee memberships have included serving on the Committee on Evidence-Based Clinical Practice Guidelines for Prescribing Opioids for Acute Pain of the National Academies of Science, Engineering, and Medicine.
)Mr. Gallagher conducts economic and financial analyses and manages case teams in support of academic affiliates in a broad range of engagements, including transfer pricing, finance and securities, and antitrust. His transfer pricing work is focused on tax controversy. Recent matters have involved intangible asset valuation, pharmaceutical royalty rates, and the appropriateness of a global corporation’s transfer pricing system. In the context of finance and securities, Mr. Gallagher analyzes asset-backed securities, conducts empirical assessments of class certification, and evaluates options trading strategies. His antitrust work includes assessments of alleged market manipulation. Mr. Gallagher’s experience spans multiple industries, including financial services, pharmaceuticals, internet, food and beverage, and oil and gas. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation.
)Professor Kiesling is an expert in energy and regulatory economics, energy history, energy market design, and technology in the development of energy markets, with a particular interest in the electricity industry. Her research focuses on electricity policy and market design issues related to regulation and technological change; the economics of smart grid technologies; and the interaction of market design and innovation in the development of retail energy markets, products, and services. Professor Kiesling has provided expert testimony in proceedings before the Federal Energy Regulatory Commission (FERC), the California Public Utilities Commission, the Illinois Commerce Commission, and the New York Public Service Commission. She teaches at economics workshops for regulators, and lectures to academic, industrial, and regulatory groups about regulatory policy, institutional change, and the economic analysis of electric power market design. Professor Kiesling is the author of two books and numerous articles, book chapters, policy studies, and public interest comments. She serves on the Electricity Advisory Committee for the US Department of Energy, as well as the Academic Advisory Council for the UK Institute of Economic Affairs. Previously, Professor Kiesling was a visiting associate professor at Carnegie Mellon University and held positions in the economics departments of Purdue University and Northwestern University.
)Professor Desai has more than two decades of experience in tax policy, corporate governance, international finance, and corporate finance. His research has focused on how global firms and investors finance and invest across borders, how government policies influence those decisions, and how tax policy broadly influences firms and investors. Professor Desai has filed expert reports in litigation and testified in US district courts and US Tax Court. His research has appeared in leading economics, finance, and law journals, and has been cited in media outlets such as The Economist, Businessweek, and The New York Times. His book The Wisdom of Finance was longlisted for the Financial Times and McKinsey Business Book of the Year Award and his textbook How Finance Works has been widely adopted. Professor Desai is an award-winning teacher at Harvard Business School, and his online course Leading with Finance has been completed by more than 15,000 participants. He is on the advisory boards of the International Tax Policy Forum and the Oxford University Centre for Business Taxation. Professor Desai has consulted to companies and organizations on tax- and finance-related topics, and he has testified several times before the US Congress. He is a research associate in the National Bureau of Economic Research’s (NBER’s) Public Economics and Corporate Finance programs, and previously served as co-director of the NBER’s India program.
Earlier in his career, Professor Desai worked at a management consulting firm and was an analyst at CS First Boston.
)Dr. Strombom is an expert in applied microeconomics, finance, and quantitative and statistical analysis. He provides assistance to attorneys in all phases of pretrial and trial practice, prepares economic and financial models, and provides expert testimony in litigation and public policy matters. Dr. Strombom has conducted assessments of class certification, liability, and damages issues in cases involving antitrust, breach of contract, ERISA, false advertising, intellectual property, labor and employment, product liability, securities, and general commercial disputes.
Prior to joining Analysis Group, Dr. Strombom was Executive Vice President of a middle-market merger and acquisition firm, where he managed a financial and market research organization that provided valuation and consulting services to over 500 privately held companies annually. Previously, he was Consulting Manager at Price Waterhouse, where he provided litigation support and value enhancement consulting services, and Senior Financial Analyst at the Tribune Company, where he evaluated capital projects and acquisition candidates.
)Ms. Pike applies her expertise in health economics, statistics, and large administrative claims and transaction-level databases to help resolve complex litigation and strategic business questions in a variety of contexts, including matters involving the False Claims Act, Anti-Kickback Statute, and Controlled Substance Act. She has performed economic analyses and presented findings to US Attorney's Office investigators in numerous cases involving allegations of off-label promotion, kickback, and pricing issues. Ms. Pike also applies economic theory and empirical estimation methods in a variety of product liability, breach of contract, intellectual property, and transfer-pricing engagements. She has extensive experience in developing flexible damages models for real-time use in high-stakes negotiations.
Ms. Pike has been instrumental in developing bespoke suspicious order monitoring programs; building internal analytical programs to assess the risk of theft or diversion; and assisting manufacturers, wholesalers, and pharmacies in responding to government investigations and/or lawsuits related to controlled substance distribution and dispensing. She has managed a range of health care cases involving analysis of future lost profits; economic analysis of physician payment structures under capitation; studies of the cost effectiveness, budget impacts, and direct and indirect costs of illness associated with a variety of diseases; and pricing analyses for large multinational corporations across numerous industries. Ms. Pike has published numerous articles on related topics in health care economics and clinical journals.
)
Professor Hart is a leading expert in contract theory, the theory of the firm, and corporate finance. In 2016, he and Professor Bengt Holmström were awarded the Nobel Prize in Economics for their work in contract theory. Professor Hart’s research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. His recent work involves determining how parties can write better contracts, as well as how a new model of corporate governance can better incorporate the importance shareholders place on nonfinancial criteria.
Professor Hart has consulted to businesses and government entities, and provided expert testimony on contract and governance disputes in which he has evaluated the business purpose and economic substance of special purpose entities. As an expert on behalf of Qualcomm in Apple v. Qualcomm, he provided guidance on the optimal structure of contracts, and why and when they should be enforced. His book Firms, Contracts, and Financial Structure is a leading work in the fields of contract theory and corporate finance. He has published widely in peer-reviewed journals and contributed to the Financial Times and The Wall Street Journal. Professor Hart is a member of the IGM (Initiative on Global Markets) Economics Experts Panel of The University of Chicago Booth School of Business, and is affiliated with the Program on Corporate Governance at Harvard Law School’s John M. Olin Center for Law, Economics, and Business. He is a past president of the American Law and Economics Association.
)Mr. Gold has more than 20 years of experience applying economics, finance, and statistics to litigation matters. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation. Mr. Gold has led teams supporting experts and assisted counsel on a variety of securities, commercial litigation, and intellectual property matters.
Mr. Gold has extensive experience consulting on securities matters, including analyzing market efficiency, estimating damages, conducting event studies, and analyzing potential settlements. He has also submitted expert declarations in civil and criminal securities fraud matters. His experience includes cases involving securities and financial derivatives such as swaps, structured notes, mortgage-backed securities, convertible preferred stock, and options. Mr. Gold has worked on antitrust matters involving the trading of securities, and he has conducted assessments of class certification in cases involving securities fraud, product liability, and false advertising, including analyzing whether liability or damages can be assessed using common proof. His work spans industries such as financial services, legal services, telecommunications, entertainment, health care, and oil and gas. He is the coauthor of “Federal Securities Acts and Areas of Expert Analysis” in the Litigation Services Handbook.
)Professor Sundararajan’s research focuses on how digital technologies transform business, government, and civil society. He has extensive expertise in the regulation and governance of digital platforms, antitrust policy in high-tech industries, the economics of network effects, pricing and privacy issues in platform markets, valuation of digital businesses, and artificial intelligence (AI). He has provided expert testimony about the digital economy before Congress, the European Parliament, and to various city, state, and federal government agencies, including the Federal Reserve Bank and the Federal Trade Commission (FTC). Widely published, Professor Sundararajan has presented his research in peer-reviewed journals and at conferences, earned numerous awards and grants, and given hundreds of keynote, plenary, and other talks at industry, government, and academic forums around the world. His op-eds and other articles have appeared in more than 40 media outlets, including The New York Times, The Financial Times, Harvard Business Review, Fortune, and WIRED. Professor Sundararajan is the recipient of the Axiom Business Book Award for The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. He is a member of the World Economic Forum’s Global Future Council on the New Economic Agenda. Professor Sundararajan also advises organizations ranging from large corporations and tech startups to nonprofits and municipal governments. In addition to his primary professorial appointments, Professor Sundararajan is an affiliated faculty member at many of NYU’s interdisciplinary research centers, including the Center for Data Science and the Center for Urban Science and Progress.
)Throughout his more than 40-year career, Professor Longstaff has developed a deep knowledge of all aspects of financial valuation. He is known for developing the Longstaff-Schwartz model, a multi-factor short-rate model; and the Longstaff-Schwartz method for valuing American options by Monte Carlo simulation. These valuation models have been used widely on Wall Street and throughout the global financial markets. He regularly consults to financial institutions, including mutual funds, hedge funds, and commercial banks, as well as to risk management firms. Professor Longstaff has taught at UCLA since 1993, and his research includes fixed income markets and term structure theory, derivative markets and valuation theory, credit risk, computational finance, liquidity and its effects on prices and markets, and the role of arbitrage in financial markets. Earlier in his career, he served as the head of fixed-income derivative research at Salomon Brothers, Inc., in the research department of the Chicago Board of Trade, and as a management consultant for Deloitte Haskins & Sells. Professor Longstaff has published more than 70 articles in academic journals, including The Journal of Finance, American Economic Review, and the Journal of Financial Economics. He is a certified public accountant and a CFA charterholder.
Ms. Pinheiro has an extensive background in quantitative analysis and data science, which she has applied to various practice areas, including traditional and decentralized finance, intellectual property, biostatistics, and antitrust. In finance, she focuses on cases involving allegations of market price manipulation, misleading communications, excessive mutual fund fees, and mortgage-backed securities litigation. In particular, she has been retained by the US Department of Justice, regulatory agencies, banking institutions, and market exchanges to consult, advise, and testify on matters involving allegations of spoofing and price manipulation, as well as corresponding detection approaches. Her recent work also covers the valuation of large portfolios of cryptocurrency assets and the analysis of the market microstructure of digital assets. She has also applied survey analysis and statistical modeling to various intellectual property cases, including patent disputes among smartphone manufacturers, copyright tariff setting for musical works, and patent infringement in the pharmaceutical industry. She has extensive experience analyzing clinical trial, registry, and insurance claims data for both litigation and research purposes and has published manuscripts on pharmacoeconomic issues. In the antitrust field, she has acted as an expert and supported other experts in class certification and price-fixing matters involving a wide range of industries, including online search engines, computer chips, liquid-crystal display (LCD) panels, airline ticketing services, gaming, and grocery stores. Ms. Pinheiro has also authored expert reports and testified on questions relating to the modeling and calculation of royalties and damages.
Prior to joining Analysis Group, Ms. Pinheiro served as executive director of the finance group of CIRANO, where she conducted applied research projects in collaboration with private and public partners, including work on hedge funds, style analysis, credit and operational risk, and the development of integrated risk management tools for practical applications.
)Professor Donohoe’s research focuses on corporate taxation and financial reporting, with particular emphasis on complex financial arrangements. He examines how these arrangements influence corporate tax avoidance and risk management, as well as the broader economic impacts of regulatory efforts targeting such practices. He has broad business and individual tax experience from his early career in public accounting with PwC and another large firm. Professor Donohoe has published numerous studies in journals such as the Journal of Accounting Research, the Journal of Accounting and Economics, and the National Tax Journal, a research publication for all disciplines working in the tax policy arena. He is also a past editor of The Accounting Review. Professor Donohoe has earned numerous accolades for his teaching, including being named a Top 50 Undergraduate Business Professor by Poets&Quants, receiving the Outstanding Educator Award from the Illinois CPA Society, and earning the Excellence in Undergraduate Teaching Award from the University of Illinois at Urbana-Champaign. Since 2019, Professor Donohoe has been an appointed director and board-designated financial expert for Farm Credit Illinois, a $7 billion agricultural co-op that provides credit and financial services. Professor Donohoe is a certified public accountant and is certified in financial forensics.
)Professor Lambrecht is an expert in digital marketing and consumer behavior. Her research focuses on marketing decisions in digital environments – emphasizing online targeting, advertising, promotion, and pricing. In the context of digital marketing, Professor Lambrecht has examined how firms can use retargeting to reach out to consumers; how firms can advertise on Twitter to early trend propagators; the role of position effects on information displayed to consumers online; and, more broadly, the value of big data for firms. In her online pricing work, Professor Lambrecht examines the economics of pricing online services and online promotions, such as daily deals or cashback promotions.
Recently published research explores the role of economics in the context of apparent algorithmic biases. Currently, Professor Lambrecht is studying the value of top positions in organic search results and how users contribute to crowdfunding campaigns. In an additional research stream on price discrimination in service industries, she has focused on the use of multi-part tariffs by service providers such as telecom companies.
Professor Lambrecht has published a number of articles in leading academic journals, such as Marketing Science, Management Science, and the Journal of Marketing Research. Among other awards, she has received the American Marketing Association's Paul E. Green Award and has recently been selected as the winner of the prestigious William F. O'Dell Award. In addition, Professor Lambrecht has held several editorial roles at prominent academic publications.
)Professor Hubbard is a leading expert in public economics, corporate and institutional finance, macroeconomics, antitrust, and industrial organization. He has provided trial and deposition testimony in numerous litigation matters, including more than a dozen cases in the Delaware Chancery Court. He has also served as a testifying expert in several high-profile finance- and securities-related cases, as well as on damages issues in antitrust matters. Professor Hubbard has consulted to several government and international agencies, including the US Department of the Treasury, the US International Trade Commission, the US Securities and Exchange Commission, the World Bank, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Congressional Budget Office. From 2001 to 2003, he served as chairman of the President’s Council of Economic Advisers.
Professor Hubbard has published more than 100 scholarly articles and coauthored several books, including the widely used textbook Money, the Financial System, and the Economy. His commentaries have appeared in Businessweek, The Wall Street Journal, The New York Times, the Financial Times, and The Washington Post, as well as on PBS television and NPR radio business programs. A frequent speaker, Professor Hubbard has presented his research at economic conferences throughout the world.
)Mr. Gorin has more than 30 years of experience as a strategy and economic consultant with deep expertise in the health care, chemicals, oil and gas, agriculture, and automotive industries. He leads large, complex engagements in antitrust matters, health care strategy, and large commercial litigation cases, providing direct leadership at every stage of engagement, from strategy to implementation. In addition to his own expert work, Mr. Gorin regularly identifies and collaborates with leading academic and industry affiliates. Mr. Gorin's unique experience across industries and practices allows him to leverage his complementary strategic, economic, and specific subject matter expertise to provide pragmatic solutions to address clients' complex business and legal challenges.
Mr. Gorin's work in antitrust and competition cases has included the analysis of alleged anticompetitive behavior and the evaluation of the competitive impact of mergers and acquisitions in strategic, regulatory, and litigation contexts. In these cases, Mr. Gorin has defined and analyzed relevant markets, assessed potential or past competitive impact, simulated the outcome of mergers and acquisitions in the marketplace, and evaluated potential antitrust remedies. As a leading expert in Analysis Group's Health Care Strategy practice, Mr. Gorin works with diagnostic innovators and manufacturers to develop acquisition and growth strategies, create plans to achieve favorable coverage and reimbursement in the United States and international markets, and design and implement evidence development strategies to support coverage and reimbursement goals. In commercial litigation cases, he regularly leads teams and experts to support clients in matters related to liability and damages, such as valuation, economic harm, accounting, corporate governance, and organizational performance and culture.
Prior to joining Analysis Group, Mr. Gorin was a partner in the worldwide Energy, Chemicals, and Pharmaceuticals Group at Booz, Allen & Hamilton, Inc.
)Professor Mayzlin’s research focuses on how businesses manage social interactions, advertising, and communication strategies, including word of mouth and social media. She has filed expert reports and testified at deposition in marketing-related litigation matters, including testimony in a lawsuit involving the way a major e-commerce company aggregated product reviews. In another case, she analyzed allegations that the plaintiff’s competitor had posted fake negative reviews on its Yelp page. Professor Mayzlin has written numerous scholarly articles on social media management, the manipulation of online reviews, measuring online word of mouth, and online influencers. She is also an associate editor at Marketing Science. Her work has earned several awards, including the INFORMS Society for Marketing Science Long Term Impact Award, and been cited more than 15,000 times on Google Scholar. A frequent speaker, Professor Mayzlin has provided keynote addresses at academic conferences worldwide, including the Advertising and Consumer Psychology Conference and the Interactive Marketing Research Conference. She has co-chaired and presented at the Summer Institute in Competitive Strategy at the Haas School of Business at the University of California, Berkeley. Prior to joining the USC Marshall School, where she teaches undergraduate, M.B.A., and doctoral courses, Professor Mayzlin served on the faculty of the Yale School of Management.
)Professor Dukes is a marketing and antitrust expert who specializes in retailing, pricing, e-commerce, and digital platforms. His research focuses on pricing and retailing strategies, competition and vertical restraints, big box stores and other dominant retailers, and e-commerce platforms and other intermediaries that connect marketers and consumers. In addition to his academic work, he has experience testifying as an expert witness in federal court on issues related to antitrust and pricing discrimination. Professor Dukes’s research has been published in peer-reviewed journals including the Journal of Marketing Research, Management Science, and Marketing Science, and has been featured in popular press outlets including The Wall Street Journal and Harvard Business Review. Professor Dukes has been recognized by the Marshall School of Business with the Evan C. Thompson Award for leadership and mentoring, the Ph.D. Mentoring Award, and the Dean’s Award for research excellence. He is the former senior editor at Marketing Science and a distinguished visiting fellow at the Indian School of Business. Prior to joining USC, he was an associate professor at the University of Aarhus in Denmark and a visiting professor at the Tepper School of Business at Carnegie Mellon University.
)Dr. Ugone specializes in the application of economic principles to complex business disputes and is experienced in economic and damages-related analyses. He has provided financial and economic consulting services in cases involving antitrust, breach of contract, class certification, intellectual property, professional negligence, and securities-related issues. Dr. Ugone has frequently evaluated lost profits and valuation-related issues using large databases and complex computer models.
Dr. Ugone has constructed or evaluated damages models that have included such components as lost sales analyses, incremental cost analyses, assessments of profitability, assessments of the capacity to produce additional units, the competitive business environment in which a damage claim is made, claimed lost business value, and claimed reasonable royalties. He has performed economic liability analyses in antitrust matters including defining relevant markets, assessing market power, and evaluating alleged anticompetitive behavior. In consumer product class action matters, Dr. Ugone has addressed economic- and damages-related issues relating to classwide proof of claimed economic harm and price premium claims, including analyses of demand drivers affecting consumer purchase decisions and product pricing patterns observed at wholesale and retail levels. With respect to patent infringement matters, he has performed lost profits-related and reasonable royalty-related analyses.
Dr. Ugone has testified at trial and in deposition approximately 600 times.
)Professor LoSasso’s research spans several dimensions of health economics and health services research, focusing on how government policies affect private sector decisions. He has studied the impact of the State Children’s Health Insurance Program on insurance coverage among children and the extent to which public coverage “crowded out” private coverage. In addition, Professor LoSasso has examined how community rating regulations affected individual health insurance coverage. His research has also addressed the effects of health savings accounts and other high-deductible health insurance products on service use and spending. Professor LoSasso’s research has appeared in leading academic journals, including Health Affairs, The Journal of Health Economics, The Journal of Public Economics, and The Journal of Risk and Insurance. He is an associate editor at Medical Care Research and Review and serves on the editorial board of Health Services Research and Journal of Community Health. In addition to his academic research, Professor LoSasso has provided expert testimony in numerous matters pertaining to the appropriateness of FAIR Health methodology for use as health care charge benchmarks, as well as for use in workers’ compensation medical reimbursement disputes. He is a former executive director of the American Society of Health Economists (ASHEcon).
)Ms. Resch has extensive experience consulting on finance, financial economics, and accounting issues in complex litigations and arbitrations, with a particular focus on international arbitration. She is a testifying expert, specializing in the quantification of economic damages in both international arbitration and litigation. Ms. Resch has advised on valuation issues such as cost of capital and valuation discounts and premia. Her damages and valuation work has spanned disputes over complex financial instruments; oil and gas contracts; government expropriation matters; and shareholder disputes throughout the UK, Russia, Central Asia, and South America in both commercial arbitration and investment treaty arbitration. She has also consulted on state aid proceedings in the banking industry and provided damages assessments in litigation matters before the UK High Court of Justice. Prior to joining Analysis Group, Ms. Resch was a partner and co-founder of an economics consulting firm.
)Professor Sussman focuses his research in the areas of real estate investment and finance, financial statement analysis and valuation, and corporate financial reporting. He has consulted to large and small firms nationally and globally, and is a frequent lecturer on a variety of financial, accounting, and corporate reporting topics. Professor Sussman has served as an expert witness and consultant in commercial litigation involving matters of real estate due diligence and related practices, corporate financial reporting and disclosure, audit effectiveness, valuation, and overall damage analyses. He is a founding partner of Clear Capital, where he oversees the firm’s capital, equity, and debt departments and strategic planning functions, and provides leadership to the firm in the areas of private equity, joint ventures, and fund formations. Professor Sussman is also president of Amber Capital; manager of Fountain Management; and managing partner of the Pacific Value Opportunities Fund and Clear Opportunity Fund, which have acquired, rehabilitated, developed, and managed over 2 million square feet of residential and commercial real estate. He also serves as the audit committee chairman of the board of trustees of Causeway Capital’s group of funds, which collectively have more than $15 billion in assets. Professor Sussman is a licensed certified public accountant in the State of California.
)Ms. Samuelson is an expert in antitrust, finance, and valuation, combining more than 30 years of experience applying economic and financial analysis to complex legal disputes with five years of experience as a practicing trial attorney. A key aspect of Ms. Samuelson’s work is the direction of economic analyses for merger review, regulatory investigations, and large private litigations. Working with affiliate David Dranove on behalf of the US Department of Justice, she led the case team that successfully challenged the proposed merger of Anthem and Cigna. She has managed economic analyses related to antitrust issues in more than 100 matters during her career, including numerous government, competitor, and consumer matters on behalf of MasterCard over more than two decades, and on behalf of Microsoft during a similar period. Ms. Samuelson has also provided analysis of issues of class certification, liability, and damages in a broad set of technology- and financial services-related cases, and has analyzed economic issues related to government investigations and mergers involving companies in technology and health care. She has served as an expert in many phases of litigation, including development of economic and financial models; preparation of testimony; development, presentation, and review of pretrial discovery; and critique of economic and financial analyses of opposing experts.
A frequent speaker on topics in antitrust and competition, the role of economics in litigation, and leadership, Ms. Samuelson has presented before a number of legal audiences and at leading academic institutions, including the American Bar Association (ABA)’s Antitrust Section Annual Spring Meeting, the New York State Bar Association (NYSBA)’s Annual Antitrust Law Section Meeting, the Yale School of Management, the University of Chicago Law School, and the MIT Sloan School of Management. She has also participated in numerous legal and economic conferences and seminars. In one representative example, Ms. Samuelson moderated a panel at the US Federal Trade Commission and US Department of Justice joint public workshop on most-favored nation clauses, and subsequently coauthored an article on the program in the ABA Antitrust Section Joint Conduct Committee’s newsletter. Ms. Samuelson was named as one of Global Competition Review’s Women in Antitrust 2016, and she is frequently included in the International Who’s Who of Competition Lawyers and Economists and Euromoney’s Guide to the World’s Leading Competition and Antitrust Lawyers/Economists. She has served as a vice chair of the ABA’s Trial Practice Committee of Antitrust Law.
In addition to her economic consulting work, Ms. Samuelson serves as Chairman of Analysis Group, one of the largest economic consulting firms in the United States. She previously served as CEO and Chairman (between 2016 and 2024), President and CEO (between 2004 and 2016), and as co-CEO (beginning in 1998). Since joining Analysis Group in 1992, Ms. Samuelson has played a key role in the company’s growth and diversification and has brought significant new clients, academic affiliates, and professional staff to the firm. Under her guidance, Analysis Group has been named (by Vault) as one of the top 50 consulting firms in the US for several years running. In Massachusetts, the firm has been consistently named in the annual Top Places to Work ranking by The Boston Globe, and the Top 100 Women-Led Businesses in Massachusetts listing by the Commonwealth Institute and Boston Globe Magazine. Ms. Samuelson is also the chair of the Boston Medical Center Hospital Board of Trustees.
Professor Edmans is Managing Editor of the Review of Finance, the leading academic finance journal in Europe, Academic Director of the LBS Centre for Corporate Governance, and serves as elected faculty representative on the LBS Governing Body. He has appeared on Bloomberg, BBC, CNBC, CNN, ITV, Reuters, and Sky News, given TEDx talks on “The Social Responsibility of Business” and “From Post-Truth to Pro-Truth,” and written for the Financial Times, Harvard Business Review, Huffington Post, and The Wall Street Journal. Professor Edmans currently serves on the Steering Group of The Purposeful Company, an influential UK consortium that proposes policy reforms to encourage companies to pursue long-run purpose over short-run profit. He is also on the Responsible Investment Advisory Committee at Royal London Asset Management. Prior to London Business School, he was a tenured professor at Wharton, where he won 14 teaching awards in six years.)
Professor Syverson is an expert in industrial organization and microeconomics. His research spans numerous topics related to the interactions of firm structure, market structure, and productivity. Professor Syverson has been retained as an expert in several engagements and has provided deposition testimony in antitrust litigation. He has published widely in leading economic and industry journals, including the Journal of Economic Perspectives, the American Economic Review, and Econometrica, and he coauthored the intermediate-level textbook Microeconomics. Professor Syverson’s research has received multiple grants from the National Science Foundation, among others. He is a former editor of the Journal of Political Economy and has served on a number of editorial boards. Professor Syverson is a research associate in several programs at the National Bureau of Economic Research, including Productivity, Innovation, and Entrepreneurship; Industrial Organization; and Environment and Energy Economics. Prior to his appointment at The University of Chicago, he was a mechanical engineer for Loral Defense Systems and Unisys. He holds undergraduate degrees in both mechanical engineering and economics from the University of North Dakota.
)Paul E. Greenberg, Director of Analysis Group’s Health Care Practice, consults to pharmaceutical, biotechnology, and medical device companies in complex business litigation matters. Mr. Greenberg’s litigation experience has included performing economic and statistical analyses in support of testifying experts, as well as presenting findings to investigators from US Attorneys’ Offices and the Office of the Inspector General in numerous cases in which violations of the False Claims Act and/or the Anti-Kickback Statute have been alleged. Mr. Greenberg has provided economic consulting support in connection with class certification, liability, and damages in cases involving allegations of product failure, product fraud, antitrust, and/or patent infringement in the biopharmaceutical industry. He has provided strategic assistance to counsel at various key points in litigation, including pretrial discovery, settlement negotiations, and trial preparation. In the area of health economics and outcomes research (HEOR), Mr. Greenberg has undertaken cost-of-illness studies relating to numerous psychiatric and physical disorders, as well as pharmacoeconomic assessments of the cost-effectiveness of drugs based on data gathered in clinical trials and/or administrative claims files. Mr. Greenberg’s work in HEOR has been widely published in leading medical and health economics journals. He currently serves on the editorial boards of PharmacoEconomics, the Journal of Medical Economics, and Expert Opinion on Pharmacotherapy, and he previously served on the editorial boards of Law360’s Life Sciences and Health Care electronic newsletters.
)Professor Lys is an expert in accounting and finance, including real estate finance, financial reporting, securities analysis, and M&A. He has testified on issues related to valuation, corporate governance, corporate finance, disclosures in M&A, fairness opinions, antitrust, GAAP compliance, taxes, and contract disputes on behalf of US and foreign government agencies and corporate clients.
Professor Lys’s research interests include risk arbitrage, labor participation in corporate decisions, auditor liability, behavioral finance, negotiations, and earnings forecasts. He has published numerous working papers and articles in refereed journals, as well as a book on negotiation that integrates the rational models of economics with the less-than-rational models of psychology. He also has edited two volumes of Karl Brunner’s work, as well as two book chapters in edited volumes. His research investigates analyst earnings forecasts and stock valuations; efficiency of analyst earnings forecasts; the ability of security analysts to learn from experience; stock price behavior following earnings announcements; properties of estimators of autocorrelation coefficients; the impact of transaction costs for market efficiency; M&A; and investors’ interpretations of corporate social responsibility initiatives.
Professor Lys was an editor of the Journal of Accounting and Economics for 11 years and also served on the editorial board of The Accounting Review. He is a recipient of the American Accounting Association’s Distinguished Contributions to Accounting Literature Award for 2022.
)Dr. Van Audenrode is an expert in data analysis and econometrics, labor economics, antitrust and competition policy, and public economics. He has consulted to clients - including law firms and government agencies - in Canada, the US, and Europe. Dr. Van Audenrode’s work includes developing a methodology to value desktop software; he also developed expertise valuing goods as varied as restaurant franchises, executive stock options, or smartphone features. His recent work in public economics includes evaluating the economic rent from hydroelectricity to the Canadian economy and the value of logging rights on the ancestral territory of a Canadian First Nation. In the area of labor economics, his work has included filing an expert report assessing fair compensation for Quebec provincial judges and Quebec prosecutors and advising Quebec’s commission on pay equity. Dr. Van Audenrode has filed expert reports in courts in the US, Canada, Belgium, Germany, France, and the Netherlands, and has testified in Canada and the US. He recently filed a report with the Amsterdam Court of Appeal in support of the settlement reached between Ageas and claimant organizations in the Fortis case, the largest settlement ever reached through the Dutch Collective Settlement Act (WCAM). Dr. Van Audenrode’s scientific research and articles have been published in numerous peer-reviewed academic journals and trade journals. He is a coauthor of the book The Mutual Fund Industry: Competition and Investor Welfare, and is a frequent presenter at industry and academic conferences.
*Marc Van Audenrode srl
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Professor Miller is an economist whose research interests include public finance, labor economics, health economics, and industrial organization. Her research has covered Medicaid expansion, workplace competition and labor supply, financing of employment-based health insurance plans, and effects of COVID-19 shutdowns, among other topics. She has received research funding from the US National Science Foundation (NSF), National Institutes of Health (NIH), Agency for Healthcare Research and Quality (AHRQ), and Department of Defense (DoD). Professor Miller is an associate editor of The Leadership Quarterly and the ILR Review, and has published articles in peer-reviewed journals, such as the Journal of Labor Economics, the Journal of Health Economics, The Journal of Human Resources, and The Review of Economic Studies. She served two terms on the board of the American Economic Association’s Committee on the Status of Women in the Economics Profession. Professor Miller is a recipient of the Excellence in Reviewing Certificate from Labour Economics, the IZA Young Labor Economist Award, and the WHITE Award for Best Paper on Health IT and Economics. Professor Miller has also worked as an economist with the RAND Corporation.
)Professor Jena is a health economist, practicing internal medicine physician, and professor of health care policy. His work involves several areas of health economics and policy, including the economics of medical innovation, the economics of physician behavior and the physician workforce, medical malpractice, and the economics of health care productivity. Professor Jena has been retained as an expert in several pharmaceutical and health care industry matters.
A prolific author, Professor Jena is the coauthor of the book Random Acts of Medicine, and he has contributed to more than 150 peer-reviewed articles and articles intended to increase patient understanding, published in outlets including The New England Journal of Medicine and The New York Times. He is a faculty research fellow at the National Bureau of Economic Research and serves on Harvard Medical School’s Standing Committee on Health Policy. Professor Jena is a recipient of the NIH Director’s Early Independence Award to fund research on the physician determinants of health care spending, quality, and patient outcomes, and a recipient of the International Society for Pharmacoeconomics and Outcomes Research (ISPOR) New Investigator Award. In 2018, he was listed among 100 great leaders in health care by Becker’s Hospital Review.
)Professor Knittel’s research focuses on industrial organization, applied econometrics, and energy and environmental economics. He has provided trial and deposition testimony in a number of litigation matters, including valuing product features in smartphones, PCs, and contact lenses. He has also consulted to Delta Airlines, Ford Motor Company, the US Energy Information Administration, and Korea Electric Power Company. Professor Knittel has authored or coauthored numerous articles on topics such as market structure and product pricing, tacit collusion, and challenges in merger simulation analysis. Examples of his research include articles on the spurious correlation between ethanol production and gasoline prices, unilateral market power in the electricity reserves market, and tacit collusion in credit card markets. His research has appeared in the American Economic Review, the American Economic Journal: Macroeconomics, the American Economic Journal: Economic Policy, The Review of Economics and Statistics, The Journal of Industrial Economics, and The Energy Journal, among other academic publications. He is a former coeditor of the Journal of Public Economics and serves or has served as an associate editor for several other scholarly journals, including the American Economic Journal: Economic Policy, The Journal of Industrial Economics, the Journal of Transport Economics and Policy, and The Journal of Energy Markets. Professor Knittel is a research associate at the National Bureau of Economic Research (NBER) in the Productivity, Innovation, and Entrepreneurship and Industrial Organization programs, and he co-directs the Environment and Energy Economics program.
)Ms. Swallow provides strategic expertise to life sciences companies and policymakers. She specializes in applying quantitative methods to real-world problems involving evaluation, decision making, strategy, and public policy in the health care and social policy sectors. She has more than 15 years of experience leading data analytics implementation, real-world evidence (RWE) generation, regulatory submissions, analytic platform design, and trial design. Ms. Swallow’s expertise includes regulatory-grade indirect treatment comparisons, survey research, database analyses, natural history studies, brand strategy, policy evaluation, RWE development, individualized medicine, and predictive analytics. Additionally, she has led health and social policy program evaluations. Ms. Swallow has worked across disease areas, including obesity, rare diseases, immunology, multiple sclerosis, hematology, oncology, and renal disease. Her work has been used to inform regulatory and reimbursement decisions in US and global markets, published in numerous peer-reviewed journals, and presented at dozens of clinical and economic research conferences.
)Professor Edwards is an expert in international economics and management, with a particular focus on Latin America. He has consulted to a number of national and international corporations, as well as to multilateral institutions such as the Inter-American Development Bank, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United States Agency for International Development, and the World Bank, where he served as chief economist for the Latin America and Caribbean region. He has also consulted to a number of national governments, including those of Costa Rica, Guatemala, Mexico, Argentina, Chile, Colombia, New Zealand, Indonesia, Tanzania, and Nicaragua. Professor Edwards has published widely on international economics, macroeconomics, and economic development, and has written editorials on Argentina’s economic situation for The Wall Street Journal and the Financial Times. He is a research associate at the National Bureau of Economic Research, a member of the advisory board of Trans-National Research Corporation, and former chairman of the Inter-American Seminar on Economics. Professor Edwards was awarded the 2012 Carlos Diaz-Alejandro Prize by the Latin American and Caribbean Economic Association for his lifetime contributions to policymaking in Latin America and the Caribbean.
)Mr. Gustafson applies his expertise in economics, econometrics, and modeling to litigation, complex business issues, and the analysis of public policy issues. He has worked extensively in the areas of health care, insurance, employment, data privacy, ERISA, finance, intellectual property (IP), commercial damages, and class certification.
In his litigation work, Mr. Gustafson has provided deposition, arbitration, and trial testimony related to the economics of identity theft, physician compensation, the reasonable value of medical services, retirement benefits, employment compensation, lost earning capacity, and commercial damages, and he has critiqued plaintiffs’ proposed damages formulas in several class actions. His case work has involved evaluating claims of excessive investment fees in corporate 401(k) defined contribution plans, assessing the reasonable value of medical services for physicians and hospitals, analyzing health insurance claims to identify instances of alleged fraud and inappropriate billing by hospital providers, and auditing risk-pool reconciliations that set the level of at-risk payments to a hospital group and its physician partners. He has worked on several privacy-related class actions, providing testimony related to the economics of identity theft and damages, as well as supporting privacy, damages, survey, and technical experts.
Mr. Gustafson has worked with clients to perform affirmative pay equity studies and develop methodologies to address identified disparities. He has explored economic issues associated with a wide range of insurance products, including disability, health, life, product liability, and property insurance, as well as variable annuities. Mr. Gustafson also has experience in a variety of ERISA matters, including those related to health care plans, benefits, and insurance claims. Additionally, he has extensive experience assembling and analyzing large, proprietary datasets common in pay equity, insurance, and health care engagements. Prior to joining Analysis Group, Mr. Gustafson was the business manager in Tokyo for an international nonprofit. He also taught economics as a course assistant at the Harvard Kennedy School.
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Professor Macey’s research and writings focus on corporate governance, corporate finance, and banking and financial institution regulation. He has served as an expert in cases involving corporate governance and corporate control – in particular, matters involving piercing the corporate veil and breach of fiduciary duty across various industries. Professor Macey is the author or coauthor of many books, including Macey on Corporation Laws and two leading casebooks: Cases and Materials on Corporations Including Partnerships and Limited Liability Companies and Banking Law and Regulation. He has published over 100 articles in major law reviews and journals, including The Banking Law Journal and The Journal of Law and Economics, and has served on numerous journal editorial boards. Professor Macey’s op-eds have appeared in The Wall Street Journal, Forbes, the Los Angeles Times, and The National Law Journal, among other publications. His awards include a Ph.D. honoris causa from the Stockholm School of Economics. Prior to joining the Yale faculty, Professor Macey was the J. DuPratt White Professor of Law and director of the John M. Olin Program in Law and Economics at Cornell Law School, and a professor of law and business at Cornell’s Samuel Curtis Johnson Graduate School of Business. He has served as a professor of law at The University of Chicago Law School and as a visiting professor of law at Harvard Law School.
)Ms. Mills is an expert in US and international accounting and financial reporting issues, with over 30 years’ experience in the financial services industry. As the founder and president of Accounting Policy Plus, she has a deep knowledge of accounting issues in complex transactions and a strong track record of developing, implementing, and applying new accounting policies. Ms. Mills also has an extensive record as an expert witness, and has testified and filed expert reports on issues that include hedge accounting, structured transactions, securitizations, variable-interest entities, repurchase agreements, and the valuation of a complex portfolio of derivatives.
Prior to founding Accounting Policy Plus, Ms. Mills was a managing director at Morgan Stanley, where she oversaw the financial reporting and accounting policy departments. In that role, she spearheaded major policy implementation initiatives and met regularly with senior policymakers at the US Securities and Exchange Commission (SEC), the Federal Reserve System, the US Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC), the Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB). Ms. Mills also advised business units on structuring trades, oversaw SEC reporting and accounting compliance, and developed comprehensive training in generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) for all finance personnel. She held a similar role at Merrill Lynch, where she also implemented a Sarbanes-Oxley governance framework and designed internal control requirements. Ms. Mills is a certified public accountant (CPA).
)Dr. Vigil specializes in the application of economics and finance to complex commercial litigation matters. His work includes the estimation of damages and unjust enrichment in intellectual property (IP), breach of contract, and false advertising cases; the evaluation of patented drug products’ commercial success in connection with generic manufacturers’ Abbreviated New Drug Application submissions to obtain early market entry; and the analysis of issues related to the granting of permanent injunctions, such as irreparable harm and causal nexus. Dr. Vigil has also analyzed issues related to domestic industry, remedy, and bonding on cases before the International Trade Commission.
Dr. Vigil has served as an expert witness on litigation matters in a variety of industries, including pharmaceuticals, medical devices, consumer products, telecommunications, computer hardware and software, and electronics. In non-litigation matters, he has assisted clients in valuing IP for sale or license; identifying and evaluating potential partners for licensing, acquisition, or divestiture of assets; and analyzing the impact of generic entry on prices and market shares of brand name pharmaceutical products.
Dr. Vigil is a member of the American Economic Association, the American Marketing Association, and the Licensing Executives Society, and is a frequent speaker on issues related to IP, valuation, and damages assessment. He has also taught courses in microeconomics and econometrics at the University of Maryland.
)Professor Tadelis is an expert on e-commerce and the economics of the internet, industrial organization, and microeconomics, including game theory and auction theory. His work on e-commerce investigates online auctions and online bargaining, digital advertising, seller reputation and the determinants of trust, price salience, and algorithmic pricing. Professor Tadelis has also researched contract theory and design, with applications to outsourcing, privatization, strategic pricing, public and private sector procurement and award mechanisms, and strategic sourcing and pricing. He has been engaged by regulatory authorities and tech companies in a variety of investigations and litigation matters in both the US and Canada on topics such as consumer protection, pricing, and online advertising and has testified at deposition.
Professor Tadelis has a decade of experience working with online marketplaces and retailers. He served as a senior director and distinguished economist at eBay Research Labs, where he hired and led a team of economists focused on the economics of e-commerce, with particular attention to creating better matches of buyers and sellers; reducing market frictions by increasing trust and safety in eBay’s marketplace; understanding the underlying value of different advertising and marketing strategies; and exploring the market benefits of different pricing structures. He also served as vice president of economics and market design at Amazon, where he guided and supported economic analyses for business decisions across the company.
Professor Tadelis participated in the Federal Trade Commission’s 2018 hearings on “Competition and Consumer Protection in the 21st Century.” He testified on two panels: “Multi-Sided Platforms in Action” and “Nascent Competition: Is the Current Analytical Framework Sufficient?”
Professor Tadelis is the author of books on game theory and microeconomic theory, as well as a handbook chapter on two-sided e-commerce marketplaces and the future of retailing. He has published articles in and served on the editorial boards of leading economics, marketing, and management journals. He is a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research.
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Mr. Chen is an expert in structured finance with two decades of experience and product expertise in asset-backed securities and other structured products. These include collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), derivative product companies (DPCs), asset-backed securities (ABS), residential mortgage-backed securities (RMBS), and structured investment vehicles (SIVs). Mr. Chen has served as a testifying expert on issues related to CLO, CDO, and RMBS ratings. He has provided management consulting and litigation support on securities and derivatives matters involving commercial and residential real estate, credit derivatives and total return swaps, and interest rate derivatives and indices, such as the London Interbank Offered Rate (LIBOR) and the transition from LIBOR to the secured overnight financing rate (SOFR). Prior to founding Pronetik in 2010, Mr. Chen was the chief operating officer (COO) and managing director at Centerline Financial LLC. There he monitored synthetic portfolios of multifamily and commercial real estate transactions, drafted and negotiated credit default swap documentation, and served as chief liaison with rating agencies. Earlier in his career, Mr. Chen was vice president of the structured finance-derivatives group at Moody’s Investors Service, where he rated transactions including cash flow and synthetic CDOs, structured notes, credit linked notes, and catastrophe (cat) bonds. He began his career as an associate at Willkie Farr & Gallagher, then joined Sullivan & Cromwell with a practice in corporate law, securities, and a concentration in structured finance. Mr. Chen has appeared on the CBS Evening News and been quoted or cited in media including The Wall Street Journal, Bloomberg News, and Businessweek.

Professor Tucker is an industrial organization economist whose research spans the fields of technology, health care, real estate, and media and advertising. A particular focus of her work is on the role of data and digitization on competition and consumer behavior. Professor Tucker has deep experience as an expert witness in a variety of cases spanning antitrust and competition, intellectual property, data and data privacy, online advertising, and digital platforms. She has assessed market definition, competitive effects, liability, and class certification issues in matters involving pharmaceuticals, health insurance, consumer goods, sports and entertainment, energy, and consumer electronics, among other industries. She has testified about the effects of data, privacy, and algorithms before Congress, and has presented her work to agencies and organizations such as the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), the International Monetary Fund (IMF), the European Commission Directorate-General for Competition (DG COMP), and the Australian Competition and Consumer Commission (ACCC).
Professor Tucker has published widely on innovation and technology diffusion; online advertising, customer heterogeneity, and algorithms; privacy regulation; network effects; and the economics of social networks. At the National Bureau of Economic Research (NBER), she serves as a research associate, focusing on privacy; a principal investigator on the Project on the Economics of Digitization; and a co-organizer of the Economics of Artificial Intelligence initiative, supported by the Alfred P. Sloan Foundation. Professor Tucker is a co-founder of the MIT Cryptoeconomics Lab, which studies digital currencies and blockchain, and chair of the MIT Sloan Ph.D. Program. Her articles have appeared in leading scientific, economic, management, and marketing journals. She has previously served as associate editor of Management Science and the Journal of Marketing Research and coeditor of Quantitative Marketing and Economics, and she is currently senior editor of Marketing Science.

Dr. Signorovitch advises life sciences companies on data analytics for business critical research and decision making. He has broad experience leading the strategic development and implementation of analytics across the product life cycle, from early-phase clinical studies to market access and real-world evidence generation. Dr. Signorovitch’s practice areas span trial design, multi-stakeholder collaborations, natural history studies, regulatory interactions, health economic modeling, global reimbursement submissions, policy evaluation, real-world evidence development, individualized medicine, predictive analytics, and due diligence for acquisitions. He has particular expertise in developing and applying new methodologies to address health care research challenges, and in designing analytics platforms to enhance collaborative research and decision making. Dr. Signorovitch’s work has been used to inform clinical regulators and health care payers in US and global markets, published in peer-reviewed journals, and presented at clinical and economic research conferences. Prior to joining Analysis Group, Dr. Signorovitch was a research fellow at the Harvard-MIT Division of Health Sciences and Technology.

Mr. Lakhani specializes in accounting and auditing, with a focus on life science and technology companies. He has testified before the US Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and the US Department of Justice; and has supervised whistleblower investigations in accordance with PCAOB standards and SEC regulations. He has also served as an accounting expert and testified in federal bankruptcy court. Previously, Mr. Lakhani was a senior partner with Ernst & Young (EY), where he led the national professional practice group for the western US. In this role, Mr. Lakhani consulted on accounting, auditing, and SEC filing and reporting matters with Fortune 500 clients. He was elected to serve on the firm’s board of partners, its highest governance and oversight body. While working at EY, Mr. Lakhani was a lead partner for the biotech company Amgen and the pharmaceutical company Allergan. He has served as an independent review partner for Fortune 500 companies, and he is a former member of InTouch Health’s board of directors and the chairman of its audit committee. Mr. Lakhani is a certified public accountant licensed in California.

Professor Howell’s research focuses on entrepreneurship, private equity, fintech, and innovation. She is a research associate at the National Bureau of Economic Research, a fellow at the Asian Bureau of Finance and Economic Research, and a research fellow at the Institute for Private Capital’s Private Equity Research Consortium. She has testified before the US House Committee on Ways and Means and presented her work before the US Department of Energy, Senate Committee on Small Business and Entrepreneurship, Air Force, and Centers for Medicare & Medicaid Services. Professor Howell is the recipient of the AQR Asset Management Institute Young Researcher Award and the Kauffman Foundation Junior Faculty Research Fellowship, among other awards. She also serves as an associate editor of The Review of Financial Studies and a member of the advisory board to the American Female Finance Committee of the American Finance Association. Earlier in her career, Professor Howell was an energy security policy analyst and an energy consultant.

Mr. Egland has worked on a wide range of assignments related to litigation, internal corporate consulting, and government investigations for over 35 years. He specializes in financial economics, statistical sampling, and the economics of competition. Mr. Egland directs the firm’s risk management practice, which provides comprehensive risk audits of investment portfolios. He has presented Analysis Group’s work to government regulatory agencies, to corporate boards, and in court. He has led several teams evaluating claims of excessive fees in the mutual fund industry and on ERISA cases involving the reasonableness of fees charged to 401(k) plan participants. In addition, Mr. Egland has worked on several studies assessing the risk profiles of investment portfolios. In Florida State Board of Administration v. Alliance Capital Management, he led a case team that supported six external experts in a landmark trial victory, in which a Florida jury found Alliance Capital not liable for the losses incurred by the Florida Retirement System pension fund as a result of Alliance Capital’s investments in Enron stock. He also led a case team on behalf of American Century Investments in one of the largest mutual fund excessive fee actions ever filed, which was voluntarily dismissed by the plaintiffs before trial. Mr. Egland is a CFA charterholder.

Professor Srinivasan focuses his research in the areas of marketing, advertising, e-commerce, technology, and innovation. He specializes in applying structured economic models to unstructured data by merging the tools of econometrics and data science (including machine learning techniques). Specific topics he has consulted and published on include the sharing economy, competitive dynamics and pricing in two-sided platforms; machine learning algorithms and their inherent biases; and health outcomes data. Professor Srinivasan has consulted to several Fortune 500 companies. He has founded two startups and served on the boards of both startups and a private equity firm. He has served on the editorial boards of the Journal of Marketing Research, Management Science, Marketing Science, and Quantitative Marketing and Economics. He was a coeditor-in-chief of the Marketing Science special issue on emerging markets. Professor Srinivasan is a former president of the INFORMS Society for Marketing Science. He has been granted several patents on dynamic business models on the internet and has worked closely with patent examiners. His patents have been licensed by a Fortune 3 firm, and he has a deep knowledge of the securing and infringement of patents.

Dr. Mathur specializes in the application of microeconomics, statistics, and econometrics to complex litigation matters, government and regulatory investigations, and consulting engagements in the areas of antitrust and competition, class certification, intellectual property, and complex commercial damages. She has provided expert economic testimony on antitrust, class certification, and damages issues at depositions and trial. Dr. Mathur has testified in federal court on numerous issues including price-fixing, monopolization, and exclusionary conduct. Notably, she provided expert testimony in In re: Foreign Exchange Benchmark Rates Antitrust Litigation in the successful defense of Credit Suisse against allegations of foreign exchange market manipulation; and in Ingevity Corporation, et al. v. BASF Corporation on the anticompetitive conduct of Ingevity, quantifying BASF’s significant lost profits due to exclusionary practices, leading to a successful jury verdict. She regularly collaborates with academic and industry experts, leads consulting teams, and supports attorneys and other stakeholders in all phases of litigation. Dr. Mathur has worked on behalf of the US Department of Justice (DOJ) and the Federal Trade Commission (FTC), and consulted to firms in numerous industries, including technology, media, telecommunications, pharmaceuticals, consumer products, financial services, manufacturing, and chemicals. She has lectured at the Kellogg School of Management at Northwestern University and has published on economic analysis in litigation, including a chapter in Proving Antitrust Damages published by the American Bar Association.

Professor Tufano’s work spans a broad range of topics in finance, including climate finance and derivatives and structured finance. His research interests include financial innovation, business solutions to climate change, the design of new securities and financial instruments, the organization of financial markets, corporate risk management, the mutual fund industry, and household finance. Professor Tufano has provided expert testimony and reports in several finance- and securities-related matters, including a matter involving retained asset accounts; the Parmalat securities litigation; economic characterizations of securities for tax courts; and the Enron Corporation securities, derivative, and ERISA litigations.
He has written a number of books, and his articles have been published in journals such as The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, and Harvard Business Review. He is an associate editor of the Journal of Investment Management. Professor Tufano’s work has also been featured in a number of media outlets, including The New York Times and the Financial Times. He has received several awards, including the Smith Breeden Prize for the best finance paper published in The Journal of Finance and a leadership award from the Aspen Institute. Prior to re-joining the Harvard Business School faculty, he was dean of the Saïd Business School at the University of Oxford for a decade.

Mr. Ellman specializes in the application of microeconomics, statistics, and financial analysis to complex commercial litigation matters and government investigations. He has worked on behalf of the US Department of Justice and Federal Trade Commission, and has consulted to law firms in litigation and regulatory matters involving antitrust and competition, drug safety and product liability, intellectual property, data breaches, and general commercial damages issues. Mr. Ellman has conducted market analyses and assessments of competitive effects in major antitrust matters, as well as for proposed and executed mergers. He has also conducted statistical analysis, market research, and other economic analyses to evaluate the appropriateness of class certification in antitrust and commercial disputes, and to assess liability and damages. Mr. Ellman’s expertise in matters involving the pharmaceutical and medical device industries includes analyzing therapeutic markets and competitive dynamics; assessing evidence of causal associations in product liability suits; and conducting statistical analyses of market surveillance, clinical trial, and observational study data to evaluate the comparative effectiveness, safety, and dosing patterns of different treatments across a variety of therapeutic categories. He has published articles on a wide range of topics, including the assessment of causation and harm in data breach litigation, the appropriate analysis and interpretation of post-marketing surveillance data in product liability cases, and the economics of biosimilar drugs.

Professor Jiang is a finance expert whose research focuses on corporate governance, institutional investment, technology, and financial markets. She has published extensively on M&A, as well as corporate finance and governance issues related to control changes. Her work has been published in numerous peer-reviewed journals and featured in major media outlets, including The Wall Street Journal, The Economist, Institutional Investor, Money, Fortune, Businessweek, The New York Times, and the Financial Times. Professor Jiang is the recipient of several awards for research excellence, including from The Journal of Finance, The Review of Financial Studies, and the Journal of Financial Economics, as well as best paper prizes from the Western Finance Association, the Chicago Quantitative Alliance, INQUIRE UK, the Q Group, and the Investor Responsibility Research Center Institute. She has served in editorial roles for several prominent journals, including The Review of Financial Studies, The Journal of Finance, and Management Science.
Professor Jiang is currently the vice president of the American Finance Association. Her three-year term will include a year as president-elect in 2025 and a year as president in 2026. She is also a senior fellow at the Program on Corporate Governance at Harvard Law School, a fellow at the Financial Management Association, a research associate in the Law and Economics and Corporate Finance Programs at the National Bureau of Economic Research, a member of the Committee on Capital Markets Regulation, and the president of the Society for Financial Studies. Prior to joining Goizueta Business School, Professor Jiang was the Arthur F. Burns Professor of Free and Competitive Enterprise and the vice dean for curriculum and instruction at Columbia Business School.

Mr. Contino specializes in the analysis and valuation of residential mortgage loans and complex structured finance instruments. His work spans mortgage servicing rights, non-performing loans, resecuritizations, residuals, and other credit-sensitive mortgage securities. Mr. Contino’s litigation and advisory experience includes valuation, risk sensitivity analysis, and feasibility assessments in the context of mortgage-backed securities and structured products, as well as disputes involving suitability, market practices, and intellectual property. He has provided expert testimony in federal and state courts and in arbitration and has consulted on several matters involving the FDIC and the US Department of Labor. He has also offered quantitative support in numerous mortgage-related litigation assignments and government programs, including the Mortgage Purchase Program for three of the Federal Home Loan Banks.
At Sperlinga Advisory, he provides structured finance advisory services to institutional clients. He also serves as COO and Chief Risk Officer of a mortgage-focused SEC-registered investment advisor. His previous roles include managing mortgage credit hedge funds at Structured Portfolio Management and at New Amsterdam Partners, and early career positions in structured and municipal finance at PaineWebber, Drexel Burnham Lambert, and Blyth Eastman Paine Webber.

Professor Statman’s research focuses on behavioral finance. Specifically, he endeavors to understand how investors and managers make financial decisions, and how these decisions are reflected in financial markets. The questions he addresses in his research include what investors want and how to balance those wants; investors’ cognitive and emotional shortcuts, and how to overcome related errors; how these wants, shortcuts, and errors are reflected in saving, spending, and portfolio construction choices; and how these choices are reflected in asset pricing and market efficiency. He has consulted to several investment companies and given presentations on his work worldwide.
Professor Statman’s most recent book is Behavioral Finance: The Second Generation. His research has been published in The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, the Journal of Financial and Quantitative Analysis, Financial Analysts Journal, and The Journal of Portfolio Management, among other publications. He is an associate editor of the Journal of Behavioral Finance and the Journal of Investment Management, and also serves on the advisory board of several publications. His research has received several awards – including two Bernstein Fabozzi/Jacobs Levy Awards, the Matthew R. McArthur Industry Pioneer Award, and the William F. Sharpe Best Paper Award – and has been supported by the National Science Foundation, the CFA Institute Research Foundation, and the Investment Management Consultants Association.



Professor Slottje has deep experience in both academia and economic consulting. An emeritus professor of economics at Southern Methodist University, he has been working in litigation consulting for more than three decades in senior positions with several international firms. He has worked with many leading law firms, testifying at deposition and trial in hundreds of prominent matters.
An economist and a statistician, Professor Slottje is an expert in the fields of labor economics, consumer demand, industrial organization, and statistics and econometrics, allowing him to bring a unique perspective and skill set to his consulting assignments. He has published more than 150 journal articles and more than a dozen books, and has been ranked among the world’s top three scholars in applied econometrics based on his publishing record in the field. Professor Slottje is a member of the American Economic Association, the American Statistical Association, and The Econometric Society.

Arnold Barnett's research specialty is applied mathematical modeling generally focused on problems of health and safety. His early work on homicide was presented to President Ford at the White House, and his analysis of US casualties in Vietnam was, among other things, the subject of a column by William F. Buckley. He has received the President's Award and the Expository Writing Award from INFORMS (1996 and 2001, respectively) and the President's Citation from the Flight Safety Foundation (2002) for “truly outstanding contributions on behalf of safety.” He has written op-ed pieces for The New York Times, The Wall Street Journal, The Boston Globe, and USA Today. Ten times he has been honored for outstanding teaching by students at MIT's Sloan School of Management; in 1992, Business Week described him as the “best” Sloan School faculty member. Dr. Barnett has testified in many legal proceedings as a statistical expert and an aviation-safety expert.

Mr. Feige specializes in the areas of finance, securities, and financial markets. He has worked on and managed a range of securities and valuation projects in the UK and Europe. Mr. Feige has been appointed as expert in Dutch court to provide valuation and securities claims reports in support of Steinhoff’s global securities settlement, and gave evidence in the Dutch Enterprise Chamber regarding the valuation of Getir. He has also managed teams evaluating shareholder reliance and disclosure materiality and estimating counterfactual share prices in UK Financial Services and Markets Act (FSMA) Section 90A litigation matters. Mr. Feige has supported experts analyzing the volume of false and spam accounts on Twitter, Twitter’s information security infrastructure, Twitter’s data privacy and compliance with a US Federal Trade Commission (FTC) consent decree, and share price and valuation issues on behalf of Twitter in Twitter v. Musk in which Elon Musk eventually purchased Twitter at his initial offer price. In cases involving alleged market manipulation in the foreign exchange (FX) and IBOR markets, he has analyzed trade data and evaluated alleged manipulation strategies. Mr. Feige worked on USA v. Richard Usher, et al., and the Foreign Exchange Class Antitrust Litigation, analyzing FX trade and chat data, as well as competition issues; preparing experts for testimony at trial; and providing data analyses and consulting support to counsel throughout the projects. He has also worked on a range of international arbitration cases, including valuation, damages, and competition analyses. In addition, he has developed complex valuation models, including discounted cash flow models, and analyzed asset-backed securities, collateralized debt obligations, and other securitized products in support of expert testimony in a number of bankruptcy and damages matters. Mr. Feige has also worked on a number of international arbitrations valuing defaulted sovereign debt, expropriated oil fields, and retail operations. His work has been published in several industry journals.

Mr. Conway is an expert on complex technical accounting, Sarbanes-Oxley compliance, and corporate governance, with 40 years of experience in public accounting. His litigation experience includes preparing expert witness reports, assisting counsel with case strategy, and testimony. Prior to his consulting career, Mr. Conway was the regional associate director of the Public Company Accounting Oversight Board (PCAOB) in Orange County and Los Angeles. At the PCAOB, he inspected audits of the Big Four firms, focusing on revenue recognition, business combination accounting, the valuation of identifiable intangible assets, and impairment testing of goodwill and identifiable intangibles. Mr. Conway has also been the senior professional practice director at CNM, a technical accounting advisory firm, and an audit partner at KPMG, where he served for 26 years. He is the author of The Truth About Public Accounting: Understanding and Managing the Risks the Auditors Bring to the Audit, and he has led a number of corporate seminars on accounting and auditing issues, including at the Stanford Graduate School of Business.

Professor Kahn’s research interests include brand management and loyalty, consumer choice and decision making, price promotions, and retailing. She has served as an expert witness and testified at deposition in numerous matters. Professor Kahn is the author of Global Brand Power: Leveraging Branding for Long-Term Growth and The Shopping Revolution: How Retailers Succeed in an Era of Endless Disruption Accelerated by COVID-19, and coauthor of Grocery Revolution: The New Focus on the Customer. She has published more than 70 articles in leading academic journals. She is a former area editor of Marketing Science, the Journal of Consumer Research, the Journal of Consumer Psychology, and the Journal of Marketing, and has served on the editorial boards of the Journal of Marketing, the Journal of Marketing Research, Marketing Science, the Journal of Consumer Research, the Journal of Behavioral Decision Making, and Marketing Letters. Prior to joining The Wharton School, Professor Kahn was on the faculty of the UCLA Anderson School of Management. She also served as dean of the Miami Herbert Business School.

Dr. Sosa specializes in the economics of network industries, law and economics, and industrial organization. He has consulted to telecommunications and electric utility clients on a broad range of litigation and regulatory issues, including industry restructuring, technical standardization, operational and financial benchmarking, mergers and acquisitions, market power analysis, and competitive strategy. Dr. Sosa has served as an expert witness before several state and federal agencies, and has supported testifying experts in assessing the economic impacts of several high-profile mergers in the telecommunications industry. In other telecommunications work, Dr. Sosa has analyzed spectrum license acquisitions, wireless technology standards, and voice and data roaming markets. He has also consulted to telecommunications carriers in Latin America, Europe, and Asia on issues related to competition, regulation, and litigation. In addition, Dr. Sosa has performed damages and valuation analyses for clients in a broad range of litigation matters, including consumer class actions, intellectual property, employment, bankruptcy, and commercial contracts. He is a frequent public speaker and has published a number of articles in industry and professional journals, including Public Utilities Fortnightly, the Journal of Legal Studies, and the Michigan Telecommunications and Technology Law Review. He is a member of the American Economic Association and Federal Communications Bar Association. Before joining Analysis Group, he consulted to the California Energy Commission and Telcordia.

Professor LaRue has been recognized as an expert in federal and international taxation, financial and cost accounting, and economic and financial analysis in several cases before the US Tax Court, US District Courts, and the US Court of Federal Claims. He has provided invited testimony on tax policy issues before the US House of Representatives Ways and Means Committee and the US Department of the Treasury. As a faculty member at the University of Virginia for 25 years, Professor LaRue taught undergraduate and graduate courses on financial accounting, federal taxation, economic analysis, and international finance and business at the McIntire School of Commerce, and served as the director of its graduate accounting program. He also developed and taught in-house continuing education courses on federal taxation for KPMG; PwC; Ernst & Young; Deloitte Touche; and the NYU School of Law in connection with the Internal Revenue Service’s (IRS’s) Office of Chief Counsel; among others. Professor LaRue has authored articles on various aspects of taxation that have appeared in publications including NYU’s Tax Law Review and the American Bar Association’s The Tax Lawyer. He has chaired and served on committees and task forces for numerous organizations, including the Tax Section of the American Institute of Certified Public Accountants (AICPA), the American Taxation Association, the American Accounting Association, and others. In recognition for his work as an instructor, researcher, and expert, Professor LaRue has won over a dozen teaching awards, including the Virginia Society of Certified Public Accountants’ Outstanding Educator Award and the Ernst & Young Tax Literature Award, as well as commendations from both the US Department of Justice’s Fraud Section and the Criminal Investigation Division of the IRS.

Ms. Mulhern specializes in the application of economic principles to issues arising in complex business litigation. She has served as an expert witness on damages issues in commercial litigation matters, including intellectual property (IP) and breach of contract cases, providing testimony in various district and state courts. Ms. Mulhern’s intellectual property damages experience includes cases involving allegations of patent, copyright, and trademark infringement, as well as misappropriation of trade secrets; she has also provided expert testimony on these issues in Section 337 cases at the International Trade Commission (ITC). Before the ITC, she has testified on a variety of economic issues, such as domestic industry, remedy, bonding, commercial success, and public interest. Ms. Mulhern’s litigation experience spans a variety of industries, including pharmaceuticals, medical devices, automotive, entertainment, consumer products, computer hardware and software, semiconductors, and telecommunications. In non-litigation matters, she has assisted clients in valuing intellectual property and other business assets in the context of strategic alliances and joint ventures. Ms. Mulhern has been recognized as among the top economic experts for IP matters by Intellectual Asset Management (IAM) in the IAM Patent 1000, which identifies leading patent professionals around the globe. She is a member of the American Economic Association and the Licensing Executives Society, and is a frequent writer and speaker on issues related to intellectual property valuation and damages assessment.

Professor Stavins is a leading expert in environmental and natural resource economics. He has consulted to public, private, and governmental organizations, and has served as an expert in dozens of matters.
In his energy-related work, Professor Stavins focuses on domestic and international climate policy; design and implementation of market-based policy instruments (e.g., tradable permits); the competitive effects of regulation; assessment of environmental regulation costs; and environmental benefit valuations. His natural resource work focuses on water, agriculture, and forestry. He is actively involved in advising public officials and government agencies on environmental policy. Professor Stavins was a member of the Energy and Environmental Markets Advisory Committee at the US Commodity Futures Trading Commission, and is a former chairman of the Environmental Economics Advisory Committee of the US Environmental Protection Agency’s Science Advisory Board. He has consulted to several presidential administrations, the US Congress, the US Agency for International Development, the World Bank, the United Nations, the National Academy of Sciences, state and national governments, environmental advocacy groups, private foundations, trade associations, and corporations.
Professor Stavins has over 30 years of teaching experience and holds numerous academic positions at Harvard, including as director of graduate studies for the Ph.D. program in public policy and Ph.D. program in political economy and government, and as co-chair of the Harvard Business School/Harvard Kennedy School joint degree program. His research on environmental, natural resource, and energy economics has appeared in over 100 articles in academic journals and popular periodicals, as well as in more than a dozen books.

Professor Chevalier is an expert in industrial organization, finance, and competitive business strategy. She has provided expert testimony and been deposed in several major antitrust matters, including State of New York v. Intel Corporation, in which she assessed the business strategies of competitors in the semiconductor industry and evaluated market outcomes. An affiliate with Analysis Group, Professor Chevalier, supported by Analysis Group teams, recently served as an expert in litigation involving online search databases, and in several matters involving entertainment industry issues related to rights, prices, and competition. She has also assisted a number of major technology firms with analyses of competition and antitrust issues. Professor Chevalier's academic research focuses on the economics of electronic commerce, the interaction between firm capital structure and product market competition, and price seasonality and cyclicality. Her research has been featured in Slate magazine and on National Public Radio. Professor Chevalier is also an elected member of the American Academy of Arts and Sciences. She is a former member of the American Economic Association's (AEA) Executive Committee and a former board member of the organization's Committee on the Status of Women in the Economics Profession. In 1999, she won the first biennial Elaine Bennett prize, given by the AEA in recognition of research by a woman in any area of economics. Professor Chevalier is an active author. She has published articles in the American Economic Review; Journal of Industrial Economics; Journal of Business; Quarterly Journal of Economics; Journal of Finance; Journal of Law, Economics, and Organization; and Journal of Political Economy. She is a former coeditor of the Rand Journal of Economics and has served as a coeditor of the American Economic Review, editor of the B.E. Journal of Economic and Policy Analysis, advisory editor of Quantitative Marketing and Economics, and associate editor of numerous journals.

Mr. Fink specializes in the application of economic analyses to complex business litigation matters. He has provided expert support in a broad range of cases, including antitrust matters, intellectual property (IP) cases, general business litigation, and regulatory proceedings. Mr. Fink has experience supporting experts across a variety of industries, including pharmaceuticals, high tech, agriculture, and media and entertainment. His case work has included antitrust claims against brand and generic drug manufacturers involving allegations of reverse-payment settlements, IP disputes involving biologic and biosimilar pharmaceutical manufacturers, and restraint of trade allegations involving exclusive licensing in the cosmetics industry. He has assisted attorneys, academic affiliates, and industry experts in all phases of complex litigation, including pretrial discovery, case strategy, expert reports, deposition support, and trial preparation.

Professor Crémer is an expert in industrial organization with a particular focus on competition, contract theory, planning theory, the economics of organization, and the theory of auctions. His recent research examines these issues with applications to the economics of two-sided platforms, industries with network effects, and the Internet, where he examines the effect of new market entrants on incumbent firms, among other competitive issues. Professor Crémer has testified before the European Commission in relation to the AOL-Time Warner merger, and has consulted to clients including Microsoft, Google, Sucre Saint Louis, Intel, GTE, and Time Warner. He has published extensively on a variety of topics, including the consequences of mergers on competition and policy, the costs and benefits of vertical integration, and the value of switching costs. He is the coauthor of the book, Models of the Oil Market, and has contributed to various other books, including the chapter “Switching Costs and Network Effects in Competition Policy” in Recent Advances in The Analysis of Competition Policy and Regulation. Professor Crémer has served in editorial positions for International Journal of Industrial Organization, European Economic Review, and The RAND Journal of Economics, and his work has been published in peer-reviewed journals such as American Economic Review, The Quarterly Journal of Economics, and Journal of Industrial Economics. Professor Crémer is a Fellow of the European Economic Association; a Fellow and member of the Council of the Econometric Society; and a Fellow of the Society for the Advancement of Economic Theory. From 2011 to 2014, he was the Scientific Director at the Toulouse School of Economics (TSE). Prior to that, he served as the Director of Institut d'Economie Industrielle (IDEI), a research institute of the Toulouse School of Economics focused on partnerships with government and industry. He also manages the Jean-Jacques Laffont Digital Chair at the TSE and is a member of the French Digital Council (Conseil National du Numérique).

Ms. Kamerick is an expert in corporate governance, corporate finance, securities law, and mergers and acquisitions (M&A). She has held CFO positions at a number of prominent firms – including BP Amoco (Americas), Heidrick & Struggles, and Houlihan Lokey – and served as a senior financial and legal advisor to major multinational corporations. Ms. Kamerick is a former M&A and securities attorney with Skadden, Arps, Slate, Meagher & Flom. She has significant experience overseeing 401(k) and defined-benefit retirement plans, and chairing defined-benefit retirement plan investment committees. In addition to consulting on financial, strategic, and corporate governance matters, Ms. Kamerick serves on several boards, frequently acting as chair of the audit committee and as the board’s Securities and Exchange Commission (SEC) financial expert. She also serves on the boards of the Legg Mason Closed-End Mutual Funds and the AIG Funds & Anchor Series Trust (a mutual fund complex). Ms. Kamerick is a National Association of Corporate Directors (NACD) Board Leadership Fellow and holds the NACD Directorship certification. She has held several adjunct professorships and lectured on corporate governance and fiduciary duties at numerous universities, as well as in NACD’s Battlefield to Boardroom program for flag officers. Ms. Kamerick is a frequent contributor to Agenda and Directors & Boards. She serves on the Alzheimer’s Association board of directors, as well as its audit and finance committees. In 2020, she was a judge for IR Magazine’s Corporate Governance Awards.

A co-founder of Analysis Group, Inc., Dr. Stangle is an economist specializing in the fields of industrial organization and finance. He has over 40 years of experience directing large research projects in numerous industries on issues related to antitrust, regulation, bankruptcy, ERISA, and securities matters, and has consulted to firms on various management, strategy, and policy issues. Dr. Stangle has provided testimony on class certification, market definition, entry conditions, competitive effects, securities valuation, and damages. He is a trustee emeritus of Bates College and a former outside member of the board of directors of Wellington Trust Company, NA, a money management firm. Dr. Stangle also occasionally serves on the boards of startup firms, and was formerly a director of a mutual fund and a venture capital firm.

Mr. Lawrence is an expert in due diligence, investment practices, and corporate governance. He has testified and been retained as an expert in high-profile securities lawsuits and advised the US Securities and Exchange Commission (SEC) on due diligence and investment practices. In his role at Pacific Financial Group, Mr. Lawrence oversees a portfolio of private equity, marketable securities, and alternative investments. He teaches due diligence at Southern Methodist University, where he founded the Center for Advanced Due Diligence Studies. Mr. Lawrence has published extensively in the field and is the author of Due Diligence in Business Transactions, a leading text in the field for more than 20 years; Due Diligence: Investigation, Reliance & Verification – Cases, Guidance and Contexts; Due Diligence: Law, Standards and Practice; and Due Diligence, a Scholarly Study. His work has been cited by the US District Court for the Southern District of New York, in filings before the US Supreme Court, and in other publications. He has served on boards of directors and on the audit, management, compensation, and executive committees of public and private companies. Prior to his academic and investment career, Mr. Lawrence was a managing partner of an international law firm, where he founded and taught the firm’s due diligence training program, managed its investment fund, and chaired the global technology, media, and telecommunications practice. He has been admitted to the state bars of New York, the District of Columbia, and Texas.

Ms. Okie has conducted economic and financial analyses and managed case teams in support of academic and industry experts across engagements in securities and antitrust litigation, regulatory investigations, bankruptcy matters, arbitrations, and general commercial litigation. Her experience spans a wide variety of sectors and has included fact and expert discovery, class certification, liability and damages, and trial. Her antitrust work includes civil and criminal litigation surrounding a variety of alleged anticompetitive conduct and analyses of competition issues across a range of industries. Ms. Okie has worked on a number of matters at the intersection of antitrust and financial services, including alleged anticompetitive conduct related to foreign exchange rates, municipal bond markets, and financial product trading. She has assessed alleged misrepresentations and omissions in the underwriting of securities, including issues surrounding loss causation, falsity, materiality, and buy-side and sell-side due diligence; analyzed valuation issues in mergers and acquisitions; and evaluated REIT market corporate governance and industry dynamics. In the energy sector, Ms. Okie has estimated damages associated with failed projects; valued rights-of-way; and supported clients involved in market manipulation investigations by the US Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), the Federal Energy Regulatory Commission (FERC), and state agencies. She has evaluated trading data, market power, and other competitive issues in oil, natural gas, propane, and electricity markets. Ms. Okie has published on many energy; environmental; and environmental, social, and governance (ESG) topics and authored white papers and reports for foundations, regional transmission organizations, and industry organizations. Ms. Okie is vice-chair of the Insurance and Financial Services Committee of the American Bar Association’s Antitrust Law Section.

Professor Steckel's primary research areas include marketing and branding strategy, marketing research, direct marketing, consumer response to marketing strategy, and management decision making. Professor Steckel has consulted, testified as an expert witness, and conducted modeling and analysis in numerous cases involving antitrust, damages assessment, trademarks, marketing and branding strategy, forecasting, and the statistical analyses of market response. He has analyzed industries including telecommunications, consumer products, financial services, pharmaceuticals, apparel, retail, and health care. He was the founding president of the INFORMS Society for Marketing Science, served six years as the chair of NYU Stern School's marketing department, and is currently the vice dean of the Ph.D. programs at NYU Stern.
Professor Steckel also has published numerous articles in such peer-reviewed journals as the Journal of Marketing Research, the Journal of Retailing, Marketing Science, Interfaces, and the Journal of Consumer Research.

Professor Dranove's research focuses on problems in industrial organization and business strategy, with an emphasis on the health care industry. He has published nearly 100 research articles and book chapters, and is the author of six books, including The Economic Evolution of American Healthcare, Code Red, and the textbook The Economics of Strategy, which is used by leading business schools around the world. Professor Dranove regularly consults with leading health care organizations in the public and private sectors. He also has two decades of experience performing and testifying about economic analyses in both litigation and regulatory actions. Most recently, he testified on competition issues for the US Department of Justice in the agency’s effort to block a proposed merger of two commercial health insurers. Professor Dranove concluded that the proposed transaction likely would result in higher prices and less innovation. He also has served on the executive committee and board of directors of the Health Care Cost Institute. Professor Dranove is on the review board of numerous prominent industry journals; he is the editor of the International Journal of Health Economics and Management and an associate editor of the RAND Journal of Economics. He is an elected member of the National Academy of Medicine.

Dr. Frot is an economist with specialized expertise in applying quantitative analyses to competition, litigation, regulatory, and business intelligence issues. He advises firms in a wide range of industries, providing economic and econometric expertise on matters related to mergers, market concentrations, cartel investigations, and damages.
Over the years, he has performed numerous economic and econometric analyses in Phase I and Phase II mergers before the French Competition Authority and the European Commission, including Veolia Transport/Transdev, Jardiland/InVivo, Castel/Patriarche, Fnac/Nature & Découvertes, d’aucy/Triskalia, Lactalis/Nuova Castelli, Lactalis/Leerdammer, CMA CGM / Bolloré Logistics, Canal+/OCS, and Suez/Veolia. He has led case teams and performed economic analyses in several prominent horizontal and vertical cartel cases, as well as estimated damages in antitrust litigation and intellectual property matters. He has also assisted companies in modeling and implementing changes to pricing behavior.
His reports have been presented to the European Commission, the French Competition Authority, the Court of Appeals, the Conseil d’État (France’s highest administrative court), the Tribunal of Commerce of Paris, and regulators in the telecommunications, energy, transportation, and gambling sectors. Dr. Frot has published a number of articles in peer-reviewed journals and regularly speaks at international competition law and policy conferences.

Professor Keller is a marketing expert who specializes in the application of consumer psychology, information processing, and choice behavior to complex litigation matters involving claims of consumer confusion, false advertising, trademark infringement, and product liability, among other topics. She studies the application of social marketing principles and behavioral theory in consumer and employee contexts, with a focus on designing and implementing consumer communication programs. Professor Keller’s research has been used to assess consumer behavior and decision making and address how consumers incorporate and respond to information across a variety of settings and industries, including pharmaceuticals, health care, financial services, consumer products, law, employee benefits, and insurance. She regularly collaborates with academic and industry experts to inform government-sponsored research on physician and patient decision making for organizations such as the National Institutes of Health, the National Cancer Institute, and the National Institute on Aging.
Professor Keller has consulted to firms on US Food and Drug Administration (FDA) and Federal Trade Commission (FTC) matters and worked on behalf of several government agencies, including the US Department of the Treasury and the Centers for Disease Control and Prevention (CDC). Her work has been published in several marketing journals, and she has also served on numerous journal editorial review boards. She has earned awards for designing effective communications related to health and savings from the Marketing Science Institute and the National Endowment for Financial Education, among others. Professor Keller’s research on decision making was cited by the Social and Behavioral Sciences Team’s 2015 Annual Report for the White House on the use of behavioral science in the design of federal programs and policies. Professor Keller is a fellow of the Association for Consumer Research.

Professor Denis’s research examines corporate governance, corporate financial policies, corporate organizational structure, corporate valuation, and entrepreneurial finance. He has taught courses on corporate financial management, venture capital, and investment banking in M.B.A., Ph.D., and executive education programs. He has also consulted extensively to private companies, law firms, and government agencies on various aspects of financial markets and securities, including bankruptcy reorganization, payout policy, credit ratings, corporate restructuring, stock prices, corporate valuation, corporate governance, capital acquisition, executive compensation, mortgage-backed securities, and collateralized mortgage obligations. Professor Denis has published more than 50 articles in leading peer-reviewed journals, and coedited a book on corporate restructuring. He has served in editorial roles for a number of journals, including The Journal of Finance, The Review of Financial Studies, The Journal of Financial Research, the Journal of Corporate Finance, and Annals of Finance. He is a past president of the Financial Management Association International.

Mr. Starfield specializes in the direction and management of large-scale cases involving complex economic and financial issues. For more than two decades, he has conducted economic analysis and managed case teams in support of leading academic experts in a range of cases, notably a number of matters involving complex securities, including residential mortgage-backed securities, collateralized debt obligations, and credit default swaps. In matters related to the Lehman bankruptcy, he supported multiple experts in assignments related to structured financial products, secured financing, collateral management, derivatives risk exposure, complex accounting topics, and the causes of Lehman's failure. He also managed case teams in the Enron-related litigations involving some of the major settlements emerging from the Enron bankruptcy. In addition, he has worked on a broad range of cases in the investment management area, including numerous matters involving alleged violations of Sections 10b-5 and 11, in which he provided management of many dimensions of financial and economic analysis, including market efficiency, loss causation and materiality, and damages. Mr. Starfield also worked with mutual fund companies, boards, and regulators in some of the most prominent market timing matters. He managed all aspects of financial and economic analysis in a fraudulent conveyance litigation involving one of the largest bank failures in US history, including identification and support of numerous academic expert witnesses who testified on the economics of the banking industry; conditions in real estate markets; the management, operation, and regulation of nationally chartered commercial banks and bank holding companies; and factors that led to bank failures.
He has conducted analyses and served as an expert in numerous matters involving commercial disputes, and also has significant experience in the valuation of large, closely held companies.
In his role as an expert, Mr. Starfield has developed economic and financial models; prepared testimony; developed, presented, and reviewed pretrial discovery; and evaluated the economic and financial analyses of opposing experts. He has provided support to successful testimony on numerous topics involving economics in both bench and jury trials. Outside of litigation, he has assisted clients in a variety of industries with development of business plans and financial projections, frequently involving the use of complex integrated financial models. Formerly a senior manager in the Dispute Analysis and Corporate Recovery Services group of Price Waterhouse, Mr. Starfield is a chartered accountant of South Africa, a member of the South African Institute of Chartered Accountants, and a member of the Association of Chartered Certified Accountants in the United Kingdom.


Ms. O’Laughlin works with clients on both litigation and non-litigation matters. In the litigation context, she has served as an expert witness and testified at trial, and conducts economic analyses and manages case teams in support of academic and industry experts in a broad range of matters throughout the US and Canada. She has assisted clients in all phases of the litigation process, and has supported expert witnesses in the preparation of reports and other testimony in matters involving merger reviews, antitrust litigation, competition policy, data privacy, labor relations, false advertising, finance, valuation, trademark, intellectual property (IP), and patent infringement. Ms. O’Laughlin also has experience with allegations of exclusionary conduct in various industries, including agricultural products, consumer packaged goods, finance, retail, telecommunications, and technology. She has developed, administered, and analyzed surveys in trademark, IP, antitrust, consumer protection, data privacy, and false advertising matters. In the non-litigation context, Ms. O’Laughlin uses complex research methods and applies innovative analytical approaches to provide new insights on the competitive and market challenges that clients face in managing and expanding their businesses. She publishes regularly on issues related to marketing, economics, litigation, and public policy. Ms. O’Laughlin is bilingual in both of the official languages of Canada, French and English.

Professor Stuart specializes in intellectual property, corporate strategy, and entrepreneurship, and has conducted analyses of firms' incentives to innovate. He has provided expert consulting services to numerous companies, and teaches M.B.A., doctoral level, and executive education courses in corporate strategy, mergers and acquisitions, technology strategy, and entrepreneurship.
Professor Stuart's academic research focuses on the formulation of firm strategies in a number of industries; the formation, governance, and consequences of strategic alliances; organizational design and new formation in established firms; and venture capital networks and the role of networks in the creation of new firms. He is a recipient of the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and of Administrative Science Quarterly's Scholarly Contribution Award for best paper.
A prolific author, Professor Stuart has published several book chapters and numerous articles in peer-reviewed journals, including Administrative Science Quarterly, Strategic Management Journal, Management Science, Research Policy and Industrial and Corporate Change. He is a past or present editorial board member of these journals, and a former associate editor of the American Journal of Sociology.

Dr. Sun is an anesthesiologist and health economist with expertise in perioperative and pain medicine, population health, and public health policy. His research explores issues of health through clinical and economic lenses, and has examined topics such as the influence of drug and physician pricing on medical outcomes; physicians’ responses to payment program incentives; the economics of medical innovation, including the value of new technologies to patients and society; and methods for lowering the use of opioids in pain management. From 2019 to 2020, he served as a senior health economist on the President’s Council of Economic Advisers. Dr. Sun coauthored the book Health and Wealth Disparities in the United States, and cowrote the chapter “Do We Need the FDA? Improving the Regulation of Pharmaceutical Products” in Regulation vs. Litigation: Perspectives from Economics and Law. He has published articles in The American Journal of Managed Care, the Annals of Internal Medicine, Forum for Health Economics & Policy, Health Affairs, JAMA, JAMA Internal Medicine, the Journal of Health Economics, and The New England Journal of Medicine, among other journals. He is an associate editor of Anesthesia and Analgesia and Anesthesiology. Dr. Sun’s committee memberships have included serving on the Committee on Evidence-Based Clinical Practice Guidelines for Prescribing Opioids for Acute Pain of the National Academies of Science, Engineering, and Medicine.

Mr. Gallagher conducts economic and financial analyses and manages case teams in support of academic affiliates in a broad range of engagements, including transfer pricing, finance and securities, and antitrust. His transfer pricing work is focused on tax controversy. Recent matters have involved intangible asset valuation, pharmaceutical royalty rates, and the appropriateness of a global corporation’s transfer pricing system. In the context of finance and securities, Mr. Gallagher analyzes asset-backed securities, conducts empirical assessments of class certification, and evaluates options trading strategies. His antitrust work includes assessments of alleged market manipulation. Mr. Gallagher’s experience spans multiple industries, including financial services, pharmaceuticals, internet, food and beverage, and oil and gas. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation.

Professor Kiesling is an expert in energy and regulatory economics, energy history, energy market design, and technology in the development of energy markets, with a particular interest in the electricity industry. Her research focuses on electricity policy and market design issues related to regulation and technological change; the economics of smart grid technologies; and the interaction of market design and innovation in the development of retail energy markets, products, and services. Professor Kiesling has provided expert testimony in proceedings before the Federal Energy Regulatory Commission (FERC), the California Public Utilities Commission, the Illinois Commerce Commission, and the New York Public Service Commission. She teaches at economics workshops for regulators, and lectures to academic, industrial, and regulatory groups about regulatory policy, institutional change, and the economic analysis of electric power market design. Professor Kiesling is the author of two books and numerous articles, book chapters, policy studies, and public interest comments. She serves on the Electricity Advisory Committee for the US Department of Energy, as well as the Academic Advisory Council for the UK Institute of Economic Affairs. Previously, Professor Kiesling was a visiting associate professor at Carnegie Mellon University and held positions in the economics departments of Purdue University and Northwestern University.

Professor Desai has more than two decades of experience in tax policy, corporate governance, international finance, and corporate finance. His research has focused on how global firms and investors finance and invest across borders, how government policies influence those decisions, and how tax policy broadly influences firms and investors. Professor Desai has filed expert reports in litigation and testified in US district courts and US Tax Court. His research has appeared in leading economics, finance, and law journals, and has been cited in media outlets such as The Economist, Businessweek, and The New York Times. His book The Wisdom of Finance was longlisted for the Financial Times and McKinsey Business Book of the Year Award and his textbook How Finance Works has been widely adopted. Professor Desai is an award-winning teacher at Harvard Business School, and his online course Leading with Finance has been completed by more than 15,000 participants. He is on the advisory boards of the International Tax Policy Forum and the Oxford University Centre for Business Taxation. Professor Desai has consulted to companies and organizations on tax- and finance-related topics, and he has testified several times before the US Congress. He is a research associate in the National Bureau of Economic Research’s (NBER’s) Public Economics and Corporate Finance programs, and previously served as co-director of the NBER’s India program.
Earlier in his career, Professor Desai worked at a management consulting firm and was an analyst at CS First Boston.

Dr. Strombom is an expert in applied microeconomics, finance, and quantitative and statistical analysis. He provides assistance to attorneys in all phases of pretrial and trial practice, prepares economic and financial models, and provides expert testimony in litigation and public policy matters. Dr. Strombom has conducted assessments of class certification, liability, and damages issues in cases involving antitrust, breach of contract, ERISA, false advertising, intellectual property, labor and employment, product liability, securities, and general commercial disputes.
Prior to joining Analysis Group, Dr. Strombom was Executive Vice President of a middle-market merger and acquisition firm, where he managed a financial and market research organization that provided valuation and consulting services to over 500 privately held companies annually. Previously, he was Consulting Manager at Price Waterhouse, where he provided litigation support and value enhancement consulting services, and Senior Financial Analyst at the Tribune Company, where he evaluated capital projects and acquisition candidates.


Ms. Pike applies her expertise in health economics, statistics, and large administrative claims and transaction-level databases to help resolve complex litigation and strategic business questions in a variety of contexts, including matters involving the False Claims Act, Anti-Kickback Statute, and Controlled Substance Act. She has performed economic analyses and presented findings to US Attorney's Office investigators in numerous cases involving allegations of off-label promotion, kickback, and pricing issues. Ms. Pike also applies economic theory and empirical estimation methods in a variety of product liability, breach of contract, intellectual property, and transfer-pricing engagements. She has extensive experience in developing flexible damages models for real-time use in high-stakes negotiations.
Ms. Pike has been instrumental in developing bespoke suspicious order monitoring programs; building internal analytical programs to assess the risk of theft or diversion; and assisting manufacturers, wholesalers, and pharmacies in responding to government investigations and/or lawsuits related to controlled substance distribution and dispensing. She has managed a range of health care cases involving analysis of future lost profits; economic analysis of physician payment structures under capitation; studies of the cost effectiveness, budget impacts, and direct and indirect costs of illness associated with a variety of diseases; and pricing analyses for large multinational corporations across numerous industries. Ms. Pike has published numerous articles on related topics in health care economics and clinical journals.

Professor Hart is a leading expert in contract theory, the theory of the firm, and corporate finance. In 2016, he and Professor Bengt Holmström were awarded the Nobel Prize in Economics for their work in contract theory. Professor Hart’s research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. His recent work involves determining how parties can write better contracts, as well as how a new model of corporate governance can better incorporate the importance shareholders place on nonfinancial criteria.
Professor Hart has consulted to businesses and government entities, and provided expert testimony on contract and governance disputes in which he has evaluated the business purpose and economic substance of special purpose entities. As an expert on behalf of Qualcomm in Apple v. Qualcomm, he provided guidance on the optimal structure of contracts, and why and when they should be enforced. His book Firms, Contracts, and Financial Structure is a leading work in the fields of contract theory and corporate finance. He has published widely in peer-reviewed journals and contributed to the Financial Times and The Wall Street Journal. Professor Hart is a member of the IGM (Initiative on Global Markets) Economics Experts Panel of The University of Chicago Booth School of Business, and is affiliated with the Program on Corporate Governance at Harvard Law School’s John M. Olin Center for Law, Economics, and Business. He is a past president of the American Law and Economics Association.


Mr. Gold has more than 20 years of experience applying economics, finance, and statistics to litigation matters. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation. Mr. Gold has led teams supporting experts and assisted counsel on a variety of securities, commercial litigation, and intellectual property matters.
Mr. Gold has extensive experience consulting on securities matters, including analyzing market efficiency, estimating damages, conducting event studies, and analyzing potential settlements. He has also submitted expert declarations in civil and criminal securities fraud matters. His experience includes cases involving securities and financial derivatives such as swaps, structured notes, mortgage-backed securities, convertible preferred stock, and options. Mr. Gold has worked on antitrust matters involving the trading of securities, and he has conducted assessments of class certification in cases involving securities fraud, product liability, and false advertising, including analyzing whether liability or damages can be assessed using common proof. His work spans industries such as financial services, legal services, telecommunications, entertainment, health care, and oil and gas. He is the coauthor of “Federal Securities Acts and Areas of Expert Analysis” in the Litigation Services Handbook.

Professor Sundararajan’s research focuses on how digital technologies transform business, government, and civil society. He has extensive expertise in the regulation and governance of digital platforms, antitrust policy in high-tech industries, the economics of network effects, pricing and privacy issues in platform markets, valuation of digital businesses, and artificial intelligence (AI). He has provided expert testimony about the digital economy before Congress, the European Parliament, and to various city, state, and federal government agencies, including the Federal Reserve Bank and the Federal Trade Commission (FTC). Widely published, Professor Sundararajan has presented his research in peer-reviewed journals and at conferences, earned numerous awards and grants, and given hundreds of keynote, plenary, and other talks at industry, government, and academic forums around the world. His op-eds and other articles have appeared in more than 40 media outlets, including The New York Times, The Financial Times, Harvard Business Review, Fortune, and WIRED. Professor Sundararajan is the recipient of the Axiom Business Book Award for The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. He is a member of the World Economic Forum’s Global Future Council on the New Economic Agenda. Professor Sundararajan also advises organizations ranging from large corporations and tech startups to nonprofits and municipal governments. In addition to his primary professorial appointments, Professor Sundararajan is an affiliated faculty member at many of NYU’s interdisciplinary research centers, including the Center for Data Science and the Center for Urban Science and Progress.


Throughout his more than 40-year career, Professor Longstaff has developed a deep knowledge of all aspects of financial valuation. He is known for developing the Longstaff-Schwartz model, a multi-factor short-rate model; and the Longstaff-Schwartz method for valuing American options by Monte Carlo simulation. These valuation models have been used widely on Wall Street and throughout the global financial markets. He regularly consults to financial institutions, including mutual funds, hedge funds, and commercial banks, as well as to risk management firms. Professor Longstaff has taught at UCLA since 1993, and his research includes fixed income markets and term structure theory, derivative markets and valuation theory, credit risk, computational finance, liquidity and its effects on prices and markets, and the role of arbitrage in financial markets. Earlier in his career, he served as the head of fixed-income derivative research at Salomon Brothers, Inc., in the research department of the Chicago Board of Trade, and as a management consultant for Deloitte Haskins & Sells. Professor Longstaff has published more than 70 articles in academic journals, including The Journal of Finance, American Economic Review, and the Journal of Financial Economics. He is a certified public accountant and a CFA charterholder.

Ms. Pinheiro has an extensive background in quantitative analysis and data science, which she has applied to various practice areas, including traditional and decentralized finance, intellectual property, biostatistics, and antitrust. In finance, she focuses on cases involving allegations of market price manipulation, misleading communications, excessive mutual fund fees, and mortgage-backed securities litigation. In particular, she has been retained by the US Department of Justice, regulatory agencies, banking institutions, and market exchanges to consult, advise, and testify on matters involving allegations of spoofing and price manipulation, as well as corresponding detection approaches. Her recent work also covers the valuation of large portfolios of cryptocurrency assets and the analysis of the market microstructure of digital assets. She has also applied survey analysis and statistical modeling to various intellectual property cases, including patent disputes among smartphone manufacturers, copyright tariff setting for musical works, and patent infringement in the pharmaceutical industry. She has extensive experience analyzing clinical trial, registry, and insurance claims data for both litigation and research purposes and has published manuscripts on pharmacoeconomic issues. In the antitrust field, she has acted as an expert and supported other experts in class certification and price-fixing matters involving a wide range of industries, including online search engines, computer chips, liquid-crystal display (LCD) panels, airline ticketing services, gaming, and grocery stores. Ms. Pinheiro has also authored expert reports and testified on questions relating to the modeling and calculation of royalties and damages.
Prior to joining Analysis Group, Ms. Pinheiro served as executive director of the finance group of CIRANO, where she conducted applied research projects in collaboration with private and public partners, including work on hedge funds, style analysis, credit and operational risk, and the development of integrated risk management tools for practical applications.

Professor Donohoe’s research focuses on corporate taxation and financial reporting, with particular emphasis on complex financial arrangements. He examines how these arrangements influence corporate tax avoidance and risk management, as well as the broader economic impacts of regulatory efforts targeting such practices. He has broad business and individual tax experience from his early career in public accounting with PwC and another large firm. Professor Donohoe has published numerous studies in journals such as the Journal of Accounting Research, the Journal of Accounting and Economics, and the National Tax Journal, a research publication for all disciplines working in the tax policy arena. He is also a past editor of The Accounting Review. Professor Donohoe has earned numerous accolades for his teaching, including being named a Top 50 Undergraduate Business Professor by Poets&Quants, receiving the Outstanding Educator Award from the Illinois CPA Society, and earning the Excellence in Undergraduate Teaching Award from the University of Illinois at Urbana-Champaign. Since 2019, Professor Donohoe has been an appointed director and board-designated financial expert for Farm Credit Illinois, a $7 billion agricultural co-op that provides credit and financial services. Professor Donohoe is a certified public accountant and is certified in financial forensics.

Professor Lambrecht is an expert in digital marketing and consumer behavior. Her research focuses on marketing decisions in digital environments – emphasizing online targeting, advertising, promotion, and pricing. In the context of digital marketing, Professor Lambrecht has examined how firms can use retargeting to reach out to consumers; how firms can advertise on Twitter to early trend propagators; the role of position effects on information displayed to consumers online; and, more broadly, the value of big data for firms. In her online pricing work, Professor Lambrecht examines the economics of pricing online services and online promotions, such as daily deals or cashback promotions.
Recently published research explores the role of economics in the context of apparent algorithmic biases. Currently, Professor Lambrecht is studying the value of top positions in organic search results and how users contribute to crowdfunding campaigns. In an additional research stream on price discrimination in service industries, she has focused on the use of multi-part tariffs by service providers such as telecom companies.
Professor Lambrecht has published a number of articles in leading academic journals, such as Marketing Science, Management Science, and the Journal of Marketing Research. Among other awards, she has received the American Marketing Association's Paul E. Green Award and has recently been selected as the winner of the prestigious William F. O'Dell Award. In addition, Professor Lambrecht has held several editorial roles at prominent academic publications.

Professor Hubbard is a leading expert in public economics, corporate and institutional finance, macroeconomics, antitrust, and industrial organization. He has provided trial and deposition testimony in numerous litigation matters, including more than a dozen cases in the Delaware Chancery Court. He has also served as a testifying expert in several high-profile finance- and securities-related cases, as well as on damages issues in antitrust matters. Professor Hubbard has consulted to several government and international agencies, including the US Department of the Treasury, the US International Trade Commission, the US Securities and Exchange Commission, the World Bank, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Congressional Budget Office. From 2001 to 2003, he served as chairman of the President’s Council of Economic Advisers.
Professor Hubbard has published more than 100 scholarly articles and coauthored several books, including the widely used textbook Money, the Financial System, and the Economy. His commentaries have appeared in Businessweek, The Wall Street Journal, The New York Times, the Financial Times, and The Washington Post, as well as on PBS television and NPR radio business programs. A frequent speaker, Professor Hubbard has presented his research at economic conferences throughout the world.

Mr. Gorin has more than 30 years of experience as a strategy and economic consultant with deep expertise in the health care, chemicals, oil and gas, agriculture, and automotive industries. He leads large, complex engagements in antitrust matters, health care strategy, and large commercial litigation cases, providing direct leadership at every stage of engagement, from strategy to implementation. In addition to his own expert work, Mr. Gorin regularly identifies and collaborates with leading academic and industry affiliates. Mr. Gorin's unique experience across industries and practices allows him to leverage his complementary strategic, economic, and specific subject matter expertise to provide pragmatic solutions to address clients' complex business and legal challenges.
Mr. Gorin's work in antitrust and competition cases has included the analysis of alleged anticompetitive behavior and the evaluation of the competitive impact of mergers and acquisitions in strategic, regulatory, and litigation contexts. In these cases, Mr. Gorin has defined and analyzed relevant markets, assessed potential or past competitive impact, simulated the outcome of mergers and acquisitions in the marketplace, and evaluated potential antitrust remedies. As a leading expert in Analysis Group's Health Care Strategy practice, Mr. Gorin works with diagnostic innovators and manufacturers to develop acquisition and growth strategies, create plans to achieve favorable coverage and reimbursement in the United States and international markets, and design and implement evidence development strategies to support coverage and reimbursement goals. In commercial litigation cases, he regularly leads teams and experts to support clients in matters related to liability and damages, such as valuation, economic harm, accounting, corporate governance, and organizational performance and culture.
Prior to joining Analysis Group, Mr. Gorin was a partner in the worldwide Energy, Chemicals, and Pharmaceuticals Group at Booz, Allen & Hamilton, Inc.

Professor Mayzlin’s research focuses on how businesses manage social interactions, advertising, and communication strategies, including word of mouth and social media. She has filed expert reports and testified at deposition in marketing-related litigation matters, including testimony in a lawsuit involving the way a major e-commerce company aggregated product reviews. In another case, she analyzed allegations that the plaintiff’s competitor had posted fake negative reviews on its Yelp page. Professor Mayzlin has written numerous scholarly articles on social media management, the manipulation of online reviews, measuring online word of mouth, and online influencers. She is also an associate editor at Marketing Science. Her work has earned several awards, including the INFORMS Society for Marketing Science Long Term Impact Award, and been cited more than 15,000 times on Google Scholar. A frequent speaker, Professor Mayzlin has provided keynote addresses at academic conferences worldwide, including the Advertising and Consumer Psychology Conference and the Interactive Marketing Research Conference. She has co-chaired and presented at the Summer Institute in Competitive Strategy at the Haas School of Business at the University of California, Berkeley. Prior to joining the USC Marshall School, where she teaches undergraduate, M.B.A., and doctoral courses, Professor Mayzlin served on the faculty of the Yale School of Management.

Professor Dukes is a marketing and antitrust expert who specializes in retailing, pricing, e-commerce, and digital platforms. His research focuses on pricing and retailing strategies, competition and vertical restraints, big box stores and other dominant retailers, and e-commerce platforms and other intermediaries that connect marketers and consumers. In addition to his academic work, he has experience testifying as an expert witness in federal court on issues related to antitrust and pricing discrimination. Professor Dukes’s research has been published in peer-reviewed journals including the Journal of Marketing Research, Management Science, and Marketing Science, and has been featured in popular press outlets including The Wall Street Journal and Harvard Business Review. Professor Dukes has been recognized by the Marshall School of Business with the Evan C. Thompson Award for leadership and mentoring, the Ph.D. Mentoring Award, and the Dean’s Award for research excellence. He is the former senior editor at Marketing Science and a distinguished visiting fellow at the Indian School of Business. Prior to joining USC, he was an associate professor at the University of Aarhus in Denmark and a visiting professor at the Tepper School of Business at Carnegie Mellon University.

Dr. Ugone specializes in the application of economic principles to complex business disputes and is experienced in economic and damages-related analyses. He has provided financial and economic consulting services in cases involving antitrust, breach of contract, class certification, intellectual property, professional negligence, and securities-related issues. Dr. Ugone has frequently evaluated lost profits and valuation-related issues using large databases and complex computer models.
Dr. Ugone has constructed or evaluated damages models that have included such components as lost sales analyses, incremental cost analyses, assessments of profitability, assessments of the capacity to produce additional units, the competitive business environment in which a damage claim is made, claimed lost business value, and claimed reasonable royalties. He has performed economic liability analyses in antitrust matters including defining relevant markets, assessing market power, and evaluating alleged anticompetitive behavior. In consumer product class action matters, Dr. Ugone has addressed economic- and damages-related issues relating to classwide proof of claimed economic harm and price premium claims, including analyses of demand drivers affecting consumer purchase decisions and product pricing patterns observed at wholesale and retail levels. With respect to patent infringement matters, he has performed lost profits-related and reasonable royalty-related analyses.
Dr. Ugone has testified at trial and in deposition approximately 600 times.

Professor LoSasso’s research spans several dimensions of health economics and health services research, focusing on how government policies affect private sector decisions. He has studied the impact of the State Children’s Health Insurance Program on insurance coverage among children and the extent to which public coverage “crowded out” private coverage. In addition, Professor LoSasso has examined how community rating regulations affected individual health insurance coverage. His research has also addressed the effects of health savings accounts and other high-deductible health insurance products on service use and spending. Professor LoSasso’s research has appeared in leading academic journals, including Health Affairs, The Journal of Health Economics, The Journal of Public Economics, and The Journal of Risk and Insurance. He is an associate editor at Medical Care Research and Review and serves on the editorial board of Health Services Research and Journal of Community Health. In addition to his academic research, Professor LoSasso has provided expert testimony in numerous matters pertaining to the appropriateness of FAIR Health methodology for use as health care charge benchmarks, as well as for use in workers’ compensation medical reimbursement disputes. He is a former executive director of the American Society of Health Economists (ASHEcon).

Ms. Resch has extensive experience consulting on finance, financial economics, and accounting issues in complex litigations and arbitrations, with a particular focus on international arbitration. She is a testifying expert, specializing in the quantification of economic damages in both international arbitration and litigation. Ms. Resch has advised on valuation issues such as cost of capital and valuation discounts and premia. Her damages and valuation work has spanned disputes over complex financial instruments; oil and gas contracts; government expropriation matters; and shareholder disputes throughout the UK, Russia, Central Asia, and South America in both commercial arbitration and investment treaty arbitration. She has also consulted on state aid proceedings in the banking industry and provided damages assessments in litigation matters before the UK High Court of Justice. Prior to joining Analysis Group, Ms. Resch was a partner and co-founder of an economics consulting firm.

Professor Sussman focuses his research in the areas of real estate investment and finance, financial statement analysis and valuation, and corporate financial reporting. He has consulted to large and small firms nationally and globally, and is a frequent lecturer on a variety of financial, accounting, and corporate reporting topics. Professor Sussman has served as an expert witness and consultant in commercial litigation involving matters of real estate due diligence and related practices, corporate financial reporting and disclosure, audit effectiveness, valuation, and overall damage analyses. He is a founding partner of Clear Capital, where he oversees the firm’s capital, equity, and debt departments and strategic planning functions, and provides leadership to the firm in the areas of private equity, joint ventures, and fund formations. Professor Sussman is also president of Amber Capital; manager of Fountain Management; and managing partner of the Pacific Value Opportunities Fund and Clear Opportunity Fund, which have acquired, rehabilitated, developed, and managed over 2 million square feet of residential and commercial real estate. He also serves as the audit committee chairman of the board of trustees of Causeway Capital’s group of funds, which collectively have more than $15 billion in assets. Professor Sussman is a licensed certified public accountant in the State of California.

Ms. Samuelson is an expert in antitrust, finance, and valuation, combining more than 30 years of experience applying economic and financial analysis to complex legal disputes with five years of experience as a practicing trial attorney. A key aspect of Ms. Samuelson’s work is the direction of economic analyses for merger review, regulatory investigations, and large private litigations. Working with affiliate David Dranove on behalf of the US Department of Justice, she led the case team that successfully challenged the proposed merger of Anthem and Cigna. She has managed economic analyses related to antitrust issues in more than 100 matters during her career, including numerous government, competitor, and consumer matters on behalf of MasterCard over more than two decades, and on behalf of Microsoft during a similar period. Ms. Samuelson has also provided analysis of issues of class certification, liability, and damages in a broad set of technology- and financial services-related cases, and has analyzed economic issues related to government investigations and mergers involving companies in technology and health care. She has served as an expert in many phases of litigation, including development of economic and financial models; preparation of testimony; development, presentation, and review of pretrial discovery; and critique of economic and financial analyses of opposing experts.
A frequent speaker on topics in antitrust and competition, the role of economics in litigation, and leadership, Ms. Samuelson has presented before a number of legal audiences and at leading academic institutions, including the American Bar Association (ABA)’s Antitrust Section Annual Spring Meeting, the New York State Bar Association (NYSBA)’s Annual Antitrust Law Section Meeting, the Yale School of Management, the University of Chicago Law School, and the MIT Sloan School of Management. She has also participated in numerous legal and economic conferences and seminars. In one representative example, Ms. Samuelson moderated a panel at the US Federal Trade Commission and US Department of Justice joint public workshop on most-favored nation clauses, and subsequently coauthored an article on the program in the ABA Antitrust Section Joint Conduct Committee’s newsletter. Ms. Samuelson was named as one of Global Competition Review’s Women in Antitrust 2016, and she is frequently included in the International Who’s Who of Competition Lawyers and Economists and Euromoney’s Guide to the World’s Leading Competition and Antitrust Lawyers/Economists. She has served as a vice chair of the ABA’s Trial Practice Committee of Antitrust Law.
In addition to her economic consulting work, Ms. Samuelson serves as Chairman of Analysis Group, one of the largest economic consulting firms in the United States. She previously served as CEO and Chairman (between 2016 and 2024), President and CEO (between 2004 and 2016), and as co-CEO (beginning in 1998). Since joining Analysis Group in 1992, Ms. Samuelson has played a key role in the company’s growth and diversification and has brought significant new clients, academic affiliates, and professional staff to the firm. Under her guidance, Analysis Group has been named (by Vault) as one of the top 50 consulting firms in the US for several years running. In Massachusetts, the firm has been consistently named in the annual Top Places to Work ranking by The Boston Globe, and the Top 100 Women-Led Businesses in Massachusetts listing by the Commonwealth Institute and Boston Globe Magazine. Ms. Samuelson is also the chair of the Boston Medical Center Hospital Board of Trustees.

Professor Edmans is Managing Editor of the Review of Finance, the leading academic finance journal in Europe, Academic Director of the LBS Centre for Corporate Governance, and serves as elected faculty representative on the LBS Governing Body. He has appeared on Bloomberg, BBC, CNBC, CNN, ITV, Reuters, and Sky News, given TEDx talks on “The Social Responsibility of Business” and “From Post-Truth to Pro-Truth,” and written for the Financial Times, Harvard Business Review, Huffington Post, and The Wall Street Journal. Professor Edmans currently serves on the Steering Group of The Purposeful Company, an influential UK consortium that proposes policy reforms to encourage companies to pursue long-run purpose over short-run profit. He is also on the Responsible Investment Advisory Committee at Royal London Asset Management. Prior to London Business School, he was a tenured professor at Wharton, where he won 14 teaching awards in six years.

Professor Syverson is an expert in industrial organization and microeconomics. His research spans numerous topics related to the interactions of firm structure, market structure, and productivity. Professor Syverson has been retained as an expert in several engagements and has provided deposition testimony in antitrust litigation. He has published widely in leading economic and industry journals, including the Journal of Economic Perspectives, the American Economic Review, and Econometrica, and he coauthored the intermediate-level textbook Microeconomics. Professor Syverson’s research has received multiple grants from the National Science Foundation, among others. He is a former editor of the Journal of Political Economy and has served on a number of editorial boards. Professor Syverson is a research associate in several programs at the National Bureau of Economic Research, including Productivity, Innovation, and Entrepreneurship; Industrial Organization; and Environment and Energy Economics. Prior to his appointment at The University of Chicago, he was a mechanical engineer for Loral Defense Systems and Unisys. He holds undergraduate degrees in both mechanical engineering and economics from the University of North Dakota.

Paul E. Greenberg, Director of Analysis Group’s Health Care Practice, consults to pharmaceutical, biotechnology, and medical device companies in complex business litigation matters. Mr. Greenberg’s litigation experience has included performing economic and statistical analyses in support of testifying experts, as well as presenting findings to investigators from US Attorneys’ Offices and the Office of the Inspector General in numerous cases in which violations of the False Claims Act and/or the Anti-Kickback Statute have been alleged. Mr. Greenberg has provided economic consulting support in connection with class certification, liability, and damages in cases involving allegations of product failure, product fraud, antitrust, and/or patent infringement in the biopharmaceutical industry. He has provided strategic assistance to counsel at various key points in litigation, including pretrial discovery, settlement negotiations, and trial preparation. In the area of health economics and outcomes research (HEOR), Mr. Greenberg has undertaken cost-of-illness studies relating to numerous psychiatric and physical disorders, as well as pharmacoeconomic assessments of the cost-effectiveness of drugs based on data gathered in clinical trials and/or administrative claims files. Mr. Greenberg’s work in HEOR has been widely published in leading medical and health economics journals. He currently serves on the editorial boards of PharmacoEconomics, the Journal of Medical Economics, and Expert Opinion on Pharmacotherapy, and he previously served on the editorial boards of Law360’s Life Sciences and Health Care electronic newsletters.

Professor Lys is an expert in accounting and finance, including real estate finance, financial reporting, securities analysis, and M&A. He has testified on issues related to valuation, corporate governance, corporate finance, disclosures in M&A, fairness opinions, antitrust, GAAP compliance, taxes, and contract disputes on behalf of US and foreign government agencies and corporate clients.
Professor Lys’s research interests include risk arbitrage, labor participation in corporate decisions, auditor liability, behavioral finance, negotiations, and earnings forecasts. He has published numerous working papers and articles in refereed journals, as well as a book on negotiation that integrates the rational models of economics with the less-than-rational models of psychology. He also has edited two volumes of Karl Brunner’s work, as well as two book chapters in edited volumes. His research investigates analyst earnings forecasts and stock valuations; efficiency of analyst earnings forecasts; the ability of security analysts to learn from experience; stock price behavior following earnings announcements; properties of estimators of autocorrelation coefficients; the impact of transaction costs for market efficiency; M&A; and investors’ interpretations of corporate social responsibility initiatives.
Professor Lys was an editor of the Journal of Accounting and Economics for 11 years and also served on the editorial board of The Accounting Review. He is a recipient of the American Accounting Association’s Distinguished Contributions to Accounting Literature Award for 2022.

Dr. Van Audenrode is an expert in data analysis and econometrics, labor economics, antitrust and competition policy, and public economics. He has consulted to clients - including law firms and government agencies - in Canada, the US, and Europe. Dr. Van Audenrode’s work includes developing a methodology to value desktop software; he also developed expertise valuing goods as varied as restaurant franchises, executive stock options, or smartphone features. His recent work in public economics includes evaluating the economic rent from hydroelectricity to the Canadian economy and the value of logging rights on the ancestral territory of a Canadian First Nation. In the area of labor economics, his work has included filing an expert report assessing fair compensation for Quebec provincial judges and Quebec prosecutors and advising Quebec’s commission on pay equity. Dr. Van Audenrode has filed expert reports in courts in the US, Canada, Belgium, Germany, France, and the Netherlands, and has testified in Canada and the US. He recently filed a report with the Amsterdam Court of Appeal in support of the settlement reached between Ageas and claimant organizations in the Fortis case, the largest settlement ever reached through the Dutch Collective Settlement Act (WCAM). Dr. Van Audenrode’s scientific research and articles have been published in numerous peer-reviewed academic journals and trade journals. He is a coauthor of the book The Mutual Fund Industry: Competition and Investor Welfare, and is a frequent presenter at industry and academic conferences.
*Marc Van Audenrode srl

Professor Miller is an economist whose research interests include public finance, labor economics, health economics, and industrial organization. Her research has covered Medicaid expansion, workplace competition and labor supply, financing of employment-based health insurance plans, and effects of COVID-19 shutdowns, among other topics. She has received research funding from the US National Science Foundation (NSF), National Institutes of Health (NIH), Agency for Healthcare Research and Quality (AHRQ), and Department of Defense (DoD). Professor Miller is an associate editor of The Leadership Quarterly and the ILR Review, and has published articles in peer-reviewed journals, such as the Journal of Labor Economics, the Journal of Health Economics, The Journal of Human Resources, and The Review of Economic Studies. She served two terms on the board of the American Economic Association’s Committee on the Status of Women in the Economics Profession. Professor Miller is a recipient of the Excellence in Reviewing Certificate from Labour Economics, the IZA Young Labor Economist Award, and the WHITE Award for Best Paper on Health IT and Economics. Professor Miller has also worked as an economist with the RAND Corporation.

Professor Jena is a health economist, practicing internal medicine physician, and professor of health care policy. His work involves several areas of health economics and policy, including the economics of medical innovation, the economics of physician behavior and the physician workforce, medical malpractice, and the economics of health care productivity. Professor Jena has been retained as an expert in several pharmaceutical and health care industry matters.
A prolific author, Professor Jena is the coauthor of the book Random Acts of Medicine, and he has contributed to more than 150 peer-reviewed articles and articles intended to increase patient understanding, published in outlets including The New England Journal of Medicine and The New York Times. He is a faculty research fellow at the National Bureau of Economic Research and serves on Harvard Medical School’s Standing Committee on Health Policy. Professor Jena is a recipient of the NIH Director’s Early Independence Award to fund research on the physician determinants of health care spending, quality, and patient outcomes, and a recipient of the International Society for Pharmacoeconomics and Outcomes Research (ISPOR) New Investigator Award. In 2018, he was listed among 100 great leaders in health care by Becker’s Hospital Review.

Professor Knittel’s research focuses on industrial organization, applied econometrics, and energy and environmental economics. He has provided trial and deposition testimony in a number of litigation matters, including valuing product features in smartphones, PCs, and contact lenses. He has also consulted to Delta Airlines, Ford Motor Company, the US Energy Information Administration, and Korea Electric Power Company. Professor Knittel has authored or coauthored numerous articles on topics such as market structure and product pricing, tacit collusion, and challenges in merger simulation analysis. Examples of his research include articles on the spurious correlation between ethanol production and gasoline prices, unilateral market power in the electricity reserves market, and tacit collusion in credit card markets. His research has appeared in the American Economic Review, the American Economic Journal: Macroeconomics, the American Economic Journal: Economic Policy, The Review of Economics and Statistics, The Journal of Industrial Economics, and The Energy Journal, among other academic publications. He is a former coeditor of the Journal of Public Economics and serves or has served as an associate editor for several other scholarly journals, including the American Economic Journal: Economic Policy, The Journal of Industrial Economics, the Journal of Transport Economics and Policy, and The Journal of Energy Markets. Professor Knittel is a research associate at the National Bureau of Economic Research (NBER) in the Productivity, Innovation, and Entrepreneurship and Industrial Organization programs, and he co-directs the Environment and Energy Economics program.

Ms. Swallow provides strategic expertise to life sciences companies and policymakers. She specializes in applying quantitative methods to real-world problems involving evaluation, decision making, strategy, and public policy in the health care and social policy sectors. She has more than 15 years of experience leading data analytics implementation, real-world evidence (RWE) generation, regulatory submissions, analytic platform design, and trial design. Ms. Swallow’s expertise includes regulatory-grade indirect treatment comparisons, survey research, database analyses, natural history studies, brand strategy, policy evaluation, RWE development, individualized medicine, and predictive analytics. Additionally, she has led health and social policy program evaluations. Ms. Swallow has worked across disease areas, including obesity, rare diseases, immunology, multiple sclerosis, hematology, oncology, and renal disease. Her work has been used to inform regulatory and reimbursement decisions in US and global markets, published in numerous peer-reviewed journals, and presented at dozens of clinical and economic research conferences.

Professor Edwards is an expert in international economics and management, with a particular focus on Latin America. He has consulted to a number of national and international corporations, as well as to multilateral institutions such as the Inter-American Development Bank, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United States Agency for International Development, and the World Bank, where he served as chief economist for the Latin America and Caribbean region. He has also consulted to a number of national governments, including those of Costa Rica, Guatemala, Mexico, Argentina, Chile, Colombia, New Zealand, Indonesia, Tanzania, and Nicaragua. Professor Edwards has published widely on international economics, macroeconomics, and economic development, and has written editorials on Argentina’s economic situation for The Wall Street Journal and the Financial Times. He is a research associate at the National Bureau of Economic Research, a member of the advisory board of Trans-National Research Corporation, and former chairman of the Inter-American Seminar on Economics. Professor Edwards was awarded the 2012 Carlos Diaz-Alejandro Prize by the Latin American and Caribbean Economic Association for his lifetime contributions to policymaking in Latin America and the Caribbean.

Mr. Gustafson applies his expertise in economics, econometrics, and modeling to litigation, complex business issues, and the analysis of public policy issues. He has worked extensively in the areas of health care, insurance, employment, data privacy, ERISA, finance, intellectual property (IP), commercial damages, and class certification.
In his litigation work, Mr. Gustafson has provided deposition, arbitration, and trial testimony related to the economics of identity theft, physician compensation, the reasonable value of medical services, retirement benefits, employment compensation, lost earning capacity, and commercial damages, and he has critiqued plaintiffs’ proposed damages formulas in several class actions. His case work has involved evaluating claims of excessive investment fees in corporate 401(k) defined contribution plans, assessing the reasonable value of medical services for physicians and hospitals, analyzing health insurance claims to identify instances of alleged fraud and inappropriate billing by hospital providers, and auditing risk-pool reconciliations that set the level of at-risk payments to a hospital group and its physician partners. He has worked on several privacy-related class actions, providing testimony related to the economics of identity theft and damages, as well as supporting privacy, damages, survey, and technical experts.
Mr. Gustafson has worked with clients to perform affirmative pay equity studies and develop methodologies to address identified disparities. He has explored economic issues associated with a wide range of insurance products, including disability, health, life, product liability, and property insurance, as well as variable annuities. Mr. Gustafson also has experience in a variety of ERISA matters, including those related to health care plans, benefits, and insurance claims. Additionally, he has extensive experience assembling and analyzing large, proprietary datasets common in pay equity, insurance, and health care engagements. Prior to joining Analysis Group, Mr. Gustafson was the business manager in Tokyo for an international nonprofit. He also taught economics as a course assistant at the Harvard Kennedy School.

Professor Macey’s research and writings focus on corporate governance, corporate finance, and banking and financial institution regulation. He has served as an expert in cases involving corporate governance and corporate control – in particular, matters involving piercing the corporate veil and breach of fiduciary duty across various industries. Professor Macey is the author or coauthor of many books, including Macey on Corporation Laws and two leading casebooks: Cases and Materials on Corporations Including Partnerships and Limited Liability Companies and Banking Law and Regulation. He has published over 100 articles in major law reviews and journals, including The Banking Law Journal and The Journal of Law and Economics, and has served on numerous journal editorial boards. Professor Macey’s op-eds have appeared in The Wall Street Journal, Forbes, the Los Angeles Times, and The National Law Journal, among other publications. His awards include a Ph.D. honoris causa from the Stockholm School of Economics. Prior to joining the Yale faculty, Professor Macey was the J. DuPratt White Professor of Law and director of the John M. Olin Program in Law and Economics at Cornell Law School, and a professor of law and business at Cornell’s Samuel Curtis Johnson Graduate School of Business. He has served as a professor of law at The University of Chicago Law School and as a visiting professor of law at Harvard Law School.

Ms. Mills is an expert in US and international accounting and financial reporting issues, with over 30 years’ experience in the financial services industry. As the founder and president of Accounting Policy Plus, she has a deep knowledge of accounting issues in complex transactions and a strong track record of developing, implementing, and applying new accounting policies. Ms. Mills also has an extensive record as an expert witness, and has testified and filed expert reports on issues that include hedge accounting, structured transactions, securitizations, variable-interest entities, repurchase agreements, and the valuation of a complex portfolio of derivatives.
Prior to founding Accounting Policy Plus, Ms. Mills was a managing director at Morgan Stanley, where she oversaw the financial reporting and accounting policy departments. In that role, she spearheaded major policy implementation initiatives and met regularly with senior policymakers at the US Securities and Exchange Commission (SEC), the Federal Reserve System, the US Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC), the Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB). Ms. Mills also advised business units on structuring trades, oversaw SEC reporting and accounting compliance, and developed comprehensive training in generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) for all finance personnel. She held a similar role at Merrill Lynch, where she also implemented a Sarbanes-Oxley governance framework and designed internal control requirements. Ms. Mills is a certified public accountant (CPA).

Dr. Vigil specializes in the application of economics and finance to complex commercial litigation matters. His work includes the estimation of damages and unjust enrichment in intellectual property (IP), breach of contract, and false advertising cases; the evaluation of patented drug products’ commercial success in connection with generic manufacturers’ Abbreviated New Drug Application submissions to obtain early market entry; and the analysis of issues related to the granting of permanent injunctions, such as irreparable harm and causal nexus. Dr. Vigil has also analyzed issues related to domestic industry, remedy, and bonding on cases before the International Trade Commission.
Dr. Vigil has served as an expert witness on litigation matters in a variety of industries, including pharmaceuticals, medical devices, consumer products, telecommunications, computer hardware and software, and electronics. In non-litigation matters, he has assisted clients in valuing IP for sale or license; identifying and evaluating potential partners for licensing, acquisition, or divestiture of assets; and analyzing the impact of generic entry on prices and market shares of brand name pharmaceutical products.
Dr. Vigil is a member of the American Economic Association, the American Marketing Association, and the Licensing Executives Society, and is a frequent speaker on issues related to IP, valuation, and damages assessment. He has also taught courses in microeconomics and econometrics at the University of Maryland.

Professor Tadelis is an expert on e-commerce and the economics of the internet, industrial organization, and microeconomics, including game theory and auction theory. His work on e-commerce investigates online auctions and online bargaining, digital advertising, seller reputation and the determinants of trust, price salience, and algorithmic pricing. Professor Tadelis has also researched contract theory and design, with applications to outsourcing, privatization, strategic pricing, public and private sector procurement and award mechanisms, and strategic sourcing and pricing. He has been engaged by regulatory authorities and tech companies in a variety of investigations and litigation matters in both the US and Canada on topics such as consumer protection, pricing, and online advertising and has testified at deposition.
Professor Tadelis has a decade of experience working with online marketplaces and retailers. He served as a senior director and distinguished economist at eBay Research Labs, where he hired and led a team of economists focused on the economics of e-commerce, with particular attention to creating better matches of buyers and sellers; reducing market frictions by increasing trust and safety in eBay’s marketplace; understanding the underlying value of different advertising and marketing strategies; and exploring the market benefits of different pricing structures. He also served as vice president of economics and market design at Amazon, where he guided and supported economic analyses for business decisions across the company.
Professor Tadelis participated in the Federal Trade Commission’s 2018 hearings on “Competition and Consumer Protection in the 21st Century.” He testified on two panels: “Multi-Sided Platforms in Action” and “Nascent Competition: Is the Current Analytical Framework Sufficient?”
Professor Tadelis is the author of books on game theory and microeconomic theory, as well as a handbook chapter on two-sided e-commerce marketplaces and the future of retailing. He has published articles in and served on the editorial boards of leading economics, marketing, and management journals. He is a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research.
Mr. Chen is an expert in structured finance with two decades of experience and product expertise in asset-backed securities and other structured products. These include collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), derivative product companies (DPCs), asset-backed securities (ABS), residential mortgage-backed securities (RMBS), and structured investment vehicles (SIVs). Mr. Chen has served as a testifying expert on issues related to CLO, CDO, and RMBS ratings. He has provided management consulting and litigation support on securities and derivatives matters involving commercial and residential real estate, credit derivatives and total return swaps, and interest rate derivatives and indices, such as the London Interbank Offered Rate (LIBOR) and the transition from LIBOR to the secured overnight financing rate (SOFR). Prior to founding Pronetik in 2010, Mr. Chen was the chief operating officer (COO) and managing director at Centerline Financial LLC. There he monitored synthetic portfolios of multifamily and commercial real estate transactions, drafted and negotiated credit default swap documentation, and served as chief liaison with rating agencies. Earlier in his career, Mr. Chen was vice president of the structured finance-derivatives group at Moody’s Investors Service, where he rated transactions including cash flow and synthetic CDOs, structured notes, credit linked notes, and catastrophe (cat) bonds. He began his career as an associate at Willkie Farr & Gallagher, then joined Sullivan & Cromwell with a practice in corporate law, securities, and a concentration in structured finance. Mr. Chen has appeared on the CBS Evening News and been quoted or cited in media including The Wall Street Journal, Bloomberg News, and Businessweek.
Professor Tucker is an industrial organization economist whose research spans the fields of technology, health care, real estate, and media and advertising. A particular focus of her work is on the role of data and digitization on competition and consumer behavior. Professor Tucker has deep experience as an expert witness in a variety of cases spanning antitrust and competition, intellectual property, data and data privacy, online advertising, and digital platforms. She has assessed market definition, competitive effects, liability, and class certification issues in matters involving pharmaceuticals, health insurance, consumer goods, sports and entertainment, energy, and consumer electronics, among other industries. She has testified about the effects of data, privacy, and algorithms before Congress, and has presented her work to agencies and organizations such as the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), the International Monetary Fund (IMF), the European Commission Directorate-General for Competition (DG COMP), and the Australian Competition and Consumer Commission (ACCC).
Professor Tucker has published widely on innovation and technology diffusion; online advertising, customer heterogeneity, and algorithms; privacy regulation; network effects; and the economics of social networks. At the National Bureau of Economic Research (NBER), she serves as a research associate, focusing on privacy; a principal investigator on the Project on the Economics of Digitization; and a co-organizer of the Economics of Artificial Intelligence initiative, supported by the Alfred P. Sloan Foundation. Professor Tucker is a co-founder of the MIT Cryptoeconomics Lab, which studies digital currencies and blockchain, and chair of the MIT Sloan Ph.D. Program. Her articles have appeared in leading scientific, economic, management, and marketing journals. She has previously served as associate editor of Management Science and the Journal of Marketing Research and coeditor of Quantitative Marketing and Economics, and she is currently senior editor of Marketing Science.
Dr. Signorovitch advises life sciences companies on data analytics for business critical research and decision making. He has broad experience leading the strategic development and implementation of analytics across the product life cycle, from early-phase clinical studies to market access and real-world evidence generation. Dr. Signorovitch’s practice areas span trial design, multi-stakeholder collaborations, natural history studies, regulatory interactions, health economic modeling, global reimbursement submissions, policy evaluation, real-world evidence development, individualized medicine, predictive analytics, and due diligence for acquisitions. He has particular expertise in developing and applying new methodologies to address health care research challenges, and in designing analytics platforms to enhance collaborative research and decision making. Dr. Signorovitch’s work has been used to inform clinical regulators and health care payers in US and global markets, published in peer-reviewed journals, and presented at clinical and economic research conferences. Prior to joining Analysis Group, Dr. Signorovitch was a research fellow at the Harvard-MIT Division of Health Sciences and Technology.
Mr. Lakhani specializes in accounting and auditing, with a focus on life science and technology companies. He has testified before the US Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and the US Department of Justice; and has supervised whistleblower investigations in accordance with PCAOB standards and SEC regulations. He has also served as an accounting expert and testified in federal bankruptcy court. Previously, Mr. Lakhani was a senior partner with Ernst & Young (EY), where he led the national professional practice group for the western US. In this role, Mr. Lakhani consulted on accounting, auditing, and SEC filing and reporting matters with Fortune 500 clients. He was elected to serve on the firm’s board of partners, its highest governance and oversight body. While working at EY, Mr. Lakhani was a lead partner for the biotech company Amgen and the pharmaceutical company Allergan. He has served as an independent review partner for Fortune 500 companies, and he is a former member of InTouch Health’s board of directors and the chairman of its audit committee. Mr. Lakhani is a certified public accountant licensed in California.
Professor Howell’s research focuses on entrepreneurship, private equity, fintech, and innovation. She is a research associate at the National Bureau of Economic Research, a fellow at the Asian Bureau of Finance and Economic Research, and a research fellow at the Institute for Private Capital’s Private Equity Research Consortium. She has testified before the US House Committee on Ways and Means and presented her work before the US Department of Energy, Senate Committee on Small Business and Entrepreneurship, Air Force, and Centers for Medicare & Medicaid Services. Professor Howell is the recipient of the AQR Asset Management Institute Young Researcher Award and the Kauffman Foundation Junior Faculty Research Fellowship, among other awards. She also serves as an associate editor of The Review of Financial Studies and a member of the advisory board to the American Female Finance Committee of the American Finance Association. Earlier in her career, Professor Howell was an energy security policy analyst and an energy consultant.
Mr. Egland has worked on a wide range of assignments related to litigation, internal corporate consulting, and government investigations for over 35 years. He specializes in financial economics, statistical sampling, and the economics of competition. Mr. Egland directs the firm’s risk management practice, which provides comprehensive risk audits of investment portfolios. He has presented Analysis Group’s work to government regulatory agencies, to corporate boards, and in court. He has led several teams evaluating claims of excessive fees in the mutual fund industry and on ERISA cases involving the reasonableness of fees charged to 401(k) plan participants. In addition, Mr. Egland has worked on several studies assessing the risk profiles of investment portfolios. In Florida State Board of Administration v. Alliance Capital Management, he led a case team that supported six external experts in a landmark trial victory, in which a Florida jury found Alliance Capital not liable for the losses incurred by the Florida Retirement System pension fund as a result of Alliance Capital’s investments in Enron stock. He also led a case team on behalf of American Century Investments in one of the largest mutual fund excessive fee actions ever filed, which was voluntarily dismissed by the plaintiffs before trial. Mr. Egland is a CFA charterholder.
Professor Srinivasan focuses his research in the areas of marketing, advertising, e-commerce, technology, and innovation. He specializes in applying structured economic models to unstructured data by merging the tools of econometrics and data science (including machine learning techniques). Specific topics he has consulted and published on include the sharing economy, competitive dynamics and pricing in two-sided platforms; machine learning algorithms and their inherent biases; and health outcomes data. Professor Srinivasan has consulted to several Fortune 500 companies. He has founded two startups and served on the boards of both startups and a private equity firm. He has served on the editorial boards of the Journal of Marketing Research, Management Science, Marketing Science, and Quantitative Marketing and Economics. He was a coeditor-in-chief of the Marketing Science special issue on emerging markets. Professor Srinivasan is a former president of the INFORMS Society for Marketing Science. He has been granted several patents on dynamic business models on the internet and has worked closely with patent examiners. His patents have been licensed by a Fortune 3 firm, and he has a deep knowledge of the securing and infringement of patents.
Dr. Mathur specializes in the application of microeconomics, statistics, and econometrics to complex litigation matters, government and regulatory investigations, and consulting engagements in the areas of antitrust and competition, class certification, intellectual property, and complex commercial damages. She has provided expert economic testimony on antitrust, class certification, and damages issues at depositions and trial. Dr. Mathur has testified in federal court on numerous issues including price-fixing, monopolization, and exclusionary conduct. Notably, she provided expert testimony in In re: Foreign Exchange Benchmark Rates Antitrust Litigation in the successful defense of Credit Suisse against allegations of foreign exchange market manipulation; and in Ingevity Corporation, et al. v. BASF Corporation on the anticompetitive conduct of Ingevity, quantifying BASF’s significant lost profits due to exclusionary practices, leading to a successful jury verdict. She regularly collaborates with academic and industry experts, leads consulting teams, and supports attorneys and other stakeholders in all phases of litigation. Dr. Mathur has worked on behalf of the US Department of Justice (DOJ) and the Federal Trade Commission (FTC), and consulted to firms in numerous industries, including technology, media, telecommunications, pharmaceuticals, consumer products, financial services, manufacturing, and chemicals. She has lectured at the Kellogg School of Management at Northwestern University and has published on economic analysis in litigation, including a chapter in Proving Antitrust Damages published by the American Bar Association.
Professor Tufano’s work spans a broad range of topics in finance, including climate finance and derivatives and structured finance. His research interests include financial innovation, business solutions to climate change, the design of new securities and financial instruments, the organization of financial markets, corporate risk management, the mutual fund industry, and household finance. Professor Tufano has provided expert testimony and reports in several finance- and securities-related matters, including a matter involving retained asset accounts; the Parmalat securities litigation; economic characterizations of securities for tax courts; and the Enron Corporation securities, derivative, and ERISA litigations.
He has written a number of books, and his articles have been published in journals such as The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, and Harvard Business Review. He is an associate editor of the Journal of Investment Management. Professor Tufano’s work has also been featured in a number of media outlets, including The New York Times and the Financial Times. He has received several awards, including the Smith Breeden Prize for the best finance paper published in The Journal of Finance and a leadership award from the Aspen Institute. Prior to re-joining the Harvard Business School faculty, he was dean of the Saïd Business School at the University of Oxford for a decade.
Mr. Ellman specializes in the application of microeconomics, statistics, and financial analysis to complex commercial litigation matters and government investigations. He has worked on behalf of the US Department of Justice and Federal Trade Commission, and has consulted to law firms in litigation and regulatory matters involving antitrust and competition, drug safety and product liability, intellectual property, data breaches, and general commercial damages issues. Mr. Ellman has conducted market analyses and assessments of competitive effects in major antitrust matters, as well as for proposed and executed mergers. He has also conducted statistical analysis, market research, and other economic analyses to evaluate the appropriateness of class certification in antitrust and commercial disputes, and to assess liability and damages. Mr. Ellman’s expertise in matters involving the pharmaceutical and medical device industries includes analyzing therapeutic markets and competitive dynamics; assessing evidence of causal associations in product liability suits; and conducting statistical analyses of market surveillance, clinical trial, and observational study data to evaluate the comparative effectiveness, safety, and dosing patterns of different treatments across a variety of therapeutic categories. He has published articles on a wide range of topics, including the assessment of causation and harm in data breach litigation, the appropriate analysis and interpretation of post-marketing surveillance data in product liability cases, and the economics of biosimilar drugs.
Professor Jiang is a finance expert whose research focuses on corporate governance, institutional investment, technology, and financial markets. She has published extensively on M&A, as well as corporate finance and governance issues related to control changes. Her work has been published in numerous peer-reviewed journals and featured in major media outlets, including The Wall Street Journal, The Economist, Institutional Investor, Money, Fortune, Businessweek, The New York Times, and the Financial Times. Professor Jiang is the recipient of several awards for research excellence, including from The Journal of Finance, The Review of Financial Studies, and the Journal of Financial Economics, as well as best paper prizes from the Western Finance Association, the Chicago Quantitative Alliance, INQUIRE UK, the Q Group, and the Investor Responsibility Research Center Institute. She has served in editorial roles for several prominent journals, including The Review of Financial Studies, The Journal of Finance, and Management Science.
Professor Jiang is currently the vice president of the American Finance Association. Her three-year term will include a year as president-elect in 2025 and a year as president in 2026. She is also a senior fellow at the Program on Corporate Governance at Harvard Law School, a fellow at the Financial Management Association, a research associate in the Law and Economics and Corporate Finance Programs at the National Bureau of Economic Research, a member of the Committee on Capital Markets Regulation, and the president of the Society for Financial Studies. Prior to joining Goizueta Business School, Professor Jiang was the Arthur F. Burns Professor of Free and Competitive Enterprise and the vice dean for curriculum and instruction at Columbia Business School.
Mr. Contino specializes in the analysis and valuation of residential mortgage loans and complex structured finance instruments. His work spans mortgage servicing rights, non-performing loans, resecuritizations, residuals, and other credit-sensitive mortgage securities. Mr. Contino’s litigation and advisory experience includes valuation, risk sensitivity analysis, and feasibility assessments in the context of mortgage-backed securities and structured products, as well as disputes involving suitability, market practices, and intellectual property. He has provided expert testimony in federal and state courts and in arbitration and has consulted on several matters involving the FDIC and the US Department of Labor. He has also offered quantitative support in numerous mortgage-related litigation assignments and government programs, including the Mortgage Purchase Program for three of the Federal Home Loan Banks.
At Sperlinga Advisory, he provides structured finance advisory services to institutional clients. He also serves as COO and Chief Risk Officer of a mortgage-focused SEC-registered investment advisor. His previous roles include managing mortgage credit hedge funds at Structured Portfolio Management and at New Amsterdam Partners, and early career positions in structured and municipal finance at PaineWebber, Drexel Burnham Lambert, and Blyth Eastman Paine Webber.
Professor Statman’s research focuses on behavioral finance. Specifically, he endeavors to understand how investors and managers make financial decisions, and how these decisions are reflected in financial markets. The questions he addresses in his research include what investors want and how to balance those wants; investors’ cognitive and emotional shortcuts, and how to overcome related errors; how these wants, shortcuts, and errors are reflected in saving, spending, and portfolio construction choices; and how these choices are reflected in asset pricing and market efficiency. He has consulted to several investment companies and given presentations on his work worldwide.
Professor Statman’s most recent book is Behavioral Finance: The Second Generation. His research has been published in The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, the Journal of Financial and Quantitative Analysis, Financial Analysts Journal, and The Journal of Portfolio Management, among other publications. He is an associate editor of the Journal of Behavioral Finance and the Journal of Investment Management, and also serves on the advisory board of several publications. His research has received several awards – including two Bernstein Fabozzi/Jacobs Levy Awards, the Matthew R. McArthur Industry Pioneer Award, and the William F. Sharpe Best Paper Award – and has been supported by the National Science Foundation, the CFA Institute Research Foundation, and the Investment Management Consultants Association.
Professor Slottje has deep experience in both academia and economic consulting. An emeritus professor of economics at Southern Methodist University, he has been working in litigation consulting for more than three decades in senior positions with several international firms. He has worked with many leading law firms, testifying at deposition and trial in hundreds of prominent matters.
An economist and a statistician, Professor Slottje is an expert in the fields of labor economics, consumer demand, industrial organization, and statistics and econometrics, allowing him to bring a unique perspective and skill set to his consulting assignments. He has published more than 150 journal articles and more than a dozen books, and has been ranked among the world’s top three scholars in applied econometrics based on his publishing record in the field. Professor Slottje is a member of the American Economic Association, the American Statistical Association, and The Econometric Society.
Arnold Barnett's research specialty is applied mathematical modeling generally focused on problems of health and safety. His early work on homicide was presented to President Ford at the White House, and his analysis of US casualties in Vietnam was, among other things, the subject of a column by William F. Buckley. He has received the President's Award and the Expository Writing Award from INFORMS (1996 and 2001, respectively) and the President's Citation from the Flight Safety Foundation (2002) for “truly outstanding contributions on behalf of safety.” He has written op-ed pieces for The New York Times, The Wall Street Journal, The Boston Globe, and USA Today. Ten times he has been honored for outstanding teaching by students at MIT's Sloan School of Management; in 1992, Business Week described him as the “best” Sloan School faculty member. Dr. Barnett has testified in many legal proceedings as a statistical expert and an aviation-safety expert.
Mr. Feige specializes in the areas of finance, securities, and financial markets. He has worked on and managed a range of securities and valuation projects in the UK and Europe. Mr. Feige has been appointed as expert in Dutch court to provide valuation and securities claims reports in support of Steinhoff’s global securities settlement, and gave evidence in the Dutch Enterprise Chamber regarding the valuation of Getir. He has also managed teams evaluating shareholder reliance and disclosure materiality and estimating counterfactual share prices in UK Financial Services and Markets Act (FSMA) Section 90A litigation matters. Mr. Feige has supported experts analyzing the volume of false and spam accounts on Twitter, Twitter’s information security infrastructure, Twitter’s data privacy and compliance with a US Federal Trade Commission (FTC) consent decree, and share price and valuation issues on behalf of Twitter in Twitter v. Musk in which Elon Musk eventually purchased Twitter at his initial offer price. In cases involving alleged market manipulation in the foreign exchange (FX) and IBOR markets, he has analyzed trade data and evaluated alleged manipulation strategies. Mr. Feige worked on USA v. Richard Usher, et al., and the Foreign Exchange Class Antitrust Litigation, analyzing FX trade and chat data, as well as competition issues; preparing experts for testimony at trial; and providing data analyses and consulting support to counsel throughout the projects. He has also worked on a range of international arbitration cases, including valuation, damages, and competition analyses. In addition, he has developed complex valuation models, including discounted cash flow models, and analyzed asset-backed securities, collateralized debt obligations, and other securitized products in support of expert testimony in a number of bankruptcy and damages matters. Mr. Feige has also worked on a number of international arbitrations valuing defaulted sovereign debt, expropriated oil fields, and retail operations. His work has been published in several industry journals.
Mr. Conway is an expert on complex technical accounting, Sarbanes-Oxley compliance, and corporate governance, with 40 years of experience in public accounting. His litigation experience includes preparing expert witness reports, assisting counsel with case strategy, and testimony. Prior to his consulting career, Mr. Conway was the regional associate director of the Public Company Accounting Oversight Board (PCAOB) in Orange County and Los Angeles. At the PCAOB, he inspected audits of the Big Four firms, focusing on revenue recognition, business combination accounting, the valuation of identifiable intangible assets, and impairment testing of goodwill and identifiable intangibles. Mr. Conway has also been the senior professional practice director at CNM, a technical accounting advisory firm, and an audit partner at KPMG, where he served for 26 years. He is the author of The Truth About Public Accounting: Understanding and Managing the Risks the Auditors Bring to the Audit, and he has led a number of corporate seminars on accounting and auditing issues, including at the Stanford Graduate School of Business.
Professor Kahn’s research interests include brand management and loyalty, consumer choice and decision making, price promotions, and retailing. She has served as an expert witness and testified at deposition in numerous matters. Professor Kahn is the author of Global Brand Power: Leveraging Branding for Long-Term Growth and The Shopping Revolution: How Retailers Succeed in an Era of Endless Disruption Accelerated by COVID-19, and coauthor of Grocery Revolution: The New Focus on the Customer. She has published more than 70 articles in leading academic journals. She is a former area editor of Marketing Science, the Journal of Consumer Research, the Journal of Consumer Psychology, and the Journal of Marketing, and has served on the editorial boards of the Journal of Marketing, the Journal of Marketing Research, Marketing Science, the Journal of Consumer Research, the Journal of Behavioral Decision Making, and Marketing Letters. Prior to joining The Wharton School, Professor Kahn was on the faculty of the UCLA Anderson School of Management. She also served as dean of the Miami Herbert Business School.
Dr. Sosa specializes in the economics of network industries, law and economics, and industrial organization. He has consulted to telecommunications and electric utility clients on a broad range of litigation and regulatory issues, including industry restructuring, technical standardization, operational and financial benchmarking, mergers and acquisitions, market power analysis, and competitive strategy. Dr. Sosa has served as an expert witness before several state and federal agencies, and has supported testifying experts in assessing the economic impacts of several high-profile mergers in the telecommunications industry. In other telecommunications work, Dr. Sosa has analyzed spectrum license acquisitions, wireless technology standards, and voice and data roaming markets. He has also consulted to telecommunications carriers in Latin America, Europe, and Asia on issues related to competition, regulation, and litigation. In addition, Dr. Sosa has performed damages and valuation analyses for clients in a broad range of litigation matters, including consumer class actions, intellectual property, employment, bankruptcy, and commercial contracts. He is a frequent public speaker and has published a number of articles in industry and professional journals, including Public Utilities Fortnightly, the Journal of Legal Studies, and the Michigan Telecommunications and Technology Law Review. He is a member of the American Economic Association and Federal Communications Bar Association. Before joining Analysis Group, he consulted to the California Energy Commission and Telcordia.
Professor LaRue has been recognized as an expert in federal and international taxation, financial and cost accounting, and economic and financial analysis in several cases before the US Tax Court, US District Courts, and the US Court of Federal Claims. He has provided invited testimony on tax policy issues before the US House of Representatives Ways and Means Committee and the US Department of the Treasury. As a faculty member at the University of Virginia for 25 years, Professor LaRue taught undergraduate and graduate courses on financial accounting, federal taxation, economic analysis, and international finance and business at the McIntire School of Commerce, and served as the director of its graduate accounting program. He also developed and taught in-house continuing education courses on federal taxation for KPMG; PwC; Ernst & Young; Deloitte Touche; and the NYU School of Law in connection with the Internal Revenue Service’s (IRS’s) Office of Chief Counsel; among others. Professor LaRue has authored articles on various aspects of taxation that have appeared in publications including NYU’s Tax Law Review and the American Bar Association’s The Tax Lawyer. He has chaired and served on committees and task forces for numerous organizations, including the Tax Section of the American Institute of Certified Public Accountants (AICPA), the American Taxation Association, the American Accounting Association, and others. In recognition for his work as an instructor, researcher, and expert, Professor LaRue has won over a dozen teaching awards, including the Virginia Society of Certified Public Accountants’ Outstanding Educator Award and the Ernst & Young Tax Literature Award, as well as commendations from both the US Department of Justice’s Fraud Section and the Criminal Investigation Division of the IRS.
Ms. Mulhern specializes in the application of economic principles to issues arising in complex business litigation. She has served as an expert witness on damages issues in commercial litigation matters, including intellectual property (IP) and breach of contract cases, providing testimony in various district and state courts. Ms. Mulhern’s intellectual property damages experience includes cases involving allegations of patent, copyright, and trademark infringement, as well as misappropriation of trade secrets; she has also provided expert testimony on these issues in Section 337 cases at the International Trade Commission (ITC). Before the ITC, she has testified on a variety of economic issues, such as domestic industry, remedy, bonding, commercial success, and public interest. Ms. Mulhern’s litigation experience spans a variety of industries, including pharmaceuticals, medical devices, automotive, entertainment, consumer products, computer hardware and software, semiconductors, and telecommunications. In non-litigation matters, she has assisted clients in valuing intellectual property and other business assets in the context of strategic alliances and joint ventures. Ms. Mulhern has been recognized as among the top economic experts for IP matters by Intellectual Asset Management (IAM) in the IAM Patent 1000, which identifies leading patent professionals around the globe. She is a member of the American Economic Association and the Licensing Executives Society, and is a frequent writer and speaker on issues related to intellectual property valuation and damages assessment.
Professor Stavins is a leading expert in environmental and natural resource economics. He has consulted to public, private, and governmental organizations, and has served as an expert in dozens of matters.
In his energy-related work, Professor Stavins focuses on domestic and international climate policy; design and implementation of market-based policy instruments (e.g., tradable permits); the competitive effects of regulation; assessment of environmental regulation costs; and environmental benefit valuations. His natural resource work focuses on water, agriculture, and forestry. He is actively involved in advising public officials and government agencies on environmental policy. Professor Stavins was a member of the Energy and Environmental Markets Advisory Committee at the US Commodity Futures Trading Commission, and is a former chairman of the Environmental Economics Advisory Committee of the US Environmental Protection Agency’s Science Advisory Board. He has consulted to several presidential administrations, the US Congress, the US Agency for International Development, the World Bank, the United Nations, the National Academy of Sciences, state and national governments, environmental advocacy groups, private foundations, trade associations, and corporations.
Professor Stavins has over 30 years of teaching experience and holds numerous academic positions at Harvard, including as director of graduate studies for the Ph.D. program in public policy and Ph.D. program in political economy and government, and as co-chair of the Harvard Business School/Harvard Kennedy School joint degree program. His research on environmental, natural resource, and energy economics has appeared in over 100 articles in academic journals and popular periodicals, as well as in more than a dozen books.
Professor Chevalier is an expert in industrial organization, finance, and competitive business strategy. She has provided expert testimony and been deposed in several major antitrust matters, including State of New York v. Intel Corporation, in which she assessed the business strategies of competitors in the semiconductor industry and evaluated market outcomes. An affiliate with Analysis Group, Professor Chevalier, supported by Analysis Group teams, recently served as an expert in litigation involving online search databases, and in several matters involving entertainment industry issues related to rights, prices, and competition. She has also assisted a number of major technology firms with analyses of competition and antitrust issues. Professor Chevalier's academic research focuses on the economics of electronic commerce, the interaction between firm capital structure and product market competition, and price seasonality and cyclicality. Her research has been featured in Slate magazine and on National Public Radio. Professor Chevalier is also an elected member of the American Academy of Arts and Sciences. She is a former member of the American Economic Association's (AEA) Executive Committee and a former board member of the organization's Committee on the Status of Women in the Economics Profession. In 1999, she won the first biennial Elaine Bennett prize, given by the AEA in recognition of research by a woman in any area of economics. Professor Chevalier is an active author. She has published articles in the American Economic Review; Journal of Industrial Economics; Journal of Business; Quarterly Journal of Economics; Journal of Finance; Journal of Law, Economics, and Organization; and Journal of Political Economy. She is a former coeditor of the Rand Journal of Economics and has served as a coeditor of the American Economic Review, editor of the B.E. Journal of Economic and Policy Analysis, advisory editor of Quantitative Marketing and Economics, and associate editor of numerous journals.
Mr. Fink specializes in the application of economic analyses to complex business litigation matters. He has provided expert support in a broad range of cases, including antitrust matters, intellectual property (IP) cases, general business litigation, and regulatory proceedings. Mr. Fink has experience supporting experts across a variety of industries, including pharmaceuticals, high tech, agriculture, and media and entertainment. His case work has included antitrust claims against brand and generic drug manufacturers involving allegations of reverse-payment settlements, IP disputes involving biologic and biosimilar pharmaceutical manufacturers, and restraint of trade allegations involving exclusive licensing in the cosmetics industry. He has assisted attorneys, academic affiliates, and industry experts in all phases of complex litigation, including pretrial discovery, case strategy, expert reports, deposition support, and trial preparation.
Professor Crémer is an expert in industrial organization with a particular focus on competition, contract theory, planning theory, the economics of organization, and the theory of auctions. His recent research examines these issues with applications to the economics of two-sided platforms, industries with network effects, and the Internet, where he examines the effect of new market entrants on incumbent firms, among other competitive issues. Professor Crémer has testified before the European Commission in relation to the AOL-Time Warner merger, and has consulted to clients including Microsoft, Google, Sucre Saint Louis, Intel, GTE, and Time Warner. He has published extensively on a variety of topics, including the consequences of mergers on competition and policy, the costs and benefits of vertical integration, and the value of switching costs. He is the coauthor of the book, Models of the Oil Market, and has contributed to various other books, including the chapter “Switching Costs and Network Effects in Competition Policy” in Recent Advances in The Analysis of Competition Policy and Regulation. Professor Crémer has served in editorial positions for International Journal of Industrial Organization, European Economic Review, and The RAND Journal of Economics, and his work has been published in peer-reviewed journals such as American Economic Review, The Quarterly Journal of Economics, and Journal of Industrial Economics. Professor Crémer is a Fellow of the European Economic Association; a Fellow and member of the Council of the Econometric Society; and a Fellow of the Society for the Advancement of Economic Theory. From 2011 to 2014, he was the Scientific Director at the Toulouse School of Economics (TSE). Prior to that, he served as the Director of Institut d'Economie Industrielle (IDEI), a research institute of the Toulouse School of Economics focused on partnerships with government and industry. He also manages the Jean-Jacques Laffont Digital Chair at the TSE and is a member of the French Digital Council (Conseil National du Numérique).
Ms. Kamerick is an expert in corporate governance, corporate finance, securities law, and mergers and acquisitions (M&A). She has held CFO positions at a number of prominent firms – including BP Amoco (Americas), Heidrick & Struggles, and Houlihan Lokey – and served as a senior financial and legal advisor to major multinational corporations. Ms. Kamerick is a former M&A and securities attorney with Skadden, Arps, Slate, Meagher & Flom. She has significant experience overseeing 401(k) and defined-benefit retirement plans, and chairing defined-benefit retirement plan investment committees. In addition to consulting on financial, strategic, and corporate governance matters, Ms. Kamerick serves on several boards, frequently acting as chair of the audit committee and as the board’s Securities and Exchange Commission (SEC) financial expert. She also serves on the boards of the Legg Mason Closed-End Mutual Funds and the AIG Funds & Anchor Series Trust (a mutual fund complex). Ms. Kamerick is a National Association of Corporate Directors (NACD) Board Leadership Fellow and holds the NACD Directorship certification. She has held several adjunct professorships and lectured on corporate governance and fiduciary duties at numerous universities, as well as in NACD’s Battlefield to Boardroom program for flag officers. Ms. Kamerick is a frequent contributor to Agenda and Directors & Boards. She serves on the Alzheimer’s Association board of directors, as well as its audit and finance committees. In 2020, she was a judge for IR Magazine’s Corporate Governance Awards.
A co-founder of Analysis Group, Inc., Dr. Stangle is an economist specializing in the fields of industrial organization and finance. He has over 40 years of experience directing large research projects in numerous industries on issues related to antitrust, regulation, bankruptcy, ERISA, and securities matters, and has consulted to firms on various management, strategy, and policy issues. Dr. Stangle has provided testimony on class certification, market definition, entry conditions, competitive effects, securities valuation, and damages. He is a trustee emeritus of Bates College and a former outside member of the board of directors of Wellington Trust Company, NA, a money management firm. Dr. Stangle also occasionally serves on the boards of startup firms, and was formerly a director of a mutual fund and a venture capital firm.
Mr. Lawrence is an expert in due diligence, investment practices, and corporate governance. He has testified and been retained as an expert in high-profile securities lawsuits and advised the US Securities and Exchange Commission (SEC) on due diligence and investment practices. In his role at Pacific Financial Group, Mr. Lawrence oversees a portfolio of private equity, marketable securities, and alternative investments. He teaches due diligence at Southern Methodist University, where he founded the Center for Advanced Due Diligence Studies. Mr. Lawrence has published extensively in the field and is the author of Due Diligence in Business Transactions, a leading text in the field for more than 20 years; Due Diligence: Investigation, Reliance & Verification – Cases, Guidance and Contexts; Due Diligence: Law, Standards and Practice; and Due Diligence, a Scholarly Study. His work has been cited by the US District Court for the Southern District of New York, in filings before the US Supreme Court, and in other publications. He has served on boards of directors and on the audit, management, compensation, and executive committees of public and private companies. Prior to his academic and investment career, Mr. Lawrence was a managing partner of an international law firm, where he founded and taught the firm’s due diligence training program, managed its investment fund, and chaired the global technology, media, and telecommunications practice. He has been admitted to the state bars of New York, the District of Columbia, and Texas.
Ms. Okie has conducted economic and financial analyses and managed case teams in support of academic and industry experts across engagements in securities and antitrust litigation, regulatory investigations, bankruptcy matters, arbitrations, and general commercial litigation. Her experience spans a wide variety of sectors and has included fact and expert discovery, class certification, liability and damages, and trial. Her antitrust work includes civil and criminal litigation surrounding a variety of alleged anticompetitive conduct and analyses of competition issues across a range of industries. Ms. Okie has worked on a number of matters at the intersection of antitrust and financial services, including alleged anticompetitive conduct related to foreign exchange rates, municipal bond markets, and financial product trading. She has assessed alleged misrepresentations and omissions in the underwriting of securities, including issues surrounding loss causation, falsity, materiality, and buy-side and sell-side due diligence; analyzed valuation issues in mergers and acquisitions; and evaluated REIT market corporate governance and industry dynamics. In the energy sector, Ms. Okie has estimated damages associated with failed projects; valued rights-of-way; and supported clients involved in market manipulation investigations by the US Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), the Federal Energy Regulatory Commission (FERC), and state agencies. She has evaluated trading data, market power, and other competitive issues in oil, natural gas, propane, and electricity markets. Ms. Okie has published on many energy; environmental; and environmental, social, and governance (ESG) topics and authored white papers and reports for foundations, regional transmission organizations, and industry organizations. Ms. Okie is vice-chair of the Insurance and Financial Services Committee of the American Bar Association’s Antitrust Law Section.
Professor Steckel's primary research areas include marketing and branding strategy, marketing research, direct marketing, consumer response to marketing strategy, and management decision making. Professor Steckel has consulted, testified as an expert witness, and conducted modeling and analysis in numerous cases involving antitrust, damages assessment, trademarks, marketing and branding strategy, forecasting, and the statistical analyses of market response. He has analyzed industries including telecommunications, consumer products, financial services, pharmaceuticals, apparel, retail, and health care. He was the founding president of the INFORMS Society for Marketing Science, served six years as the chair of NYU Stern School's marketing department, and is currently the vice dean of the Ph.D. programs at NYU Stern.
Professor Steckel also has published numerous articles in such peer-reviewed journals as the Journal of Marketing Research, the Journal of Retailing, Marketing Science, Interfaces, and the Journal of Consumer Research.
Professor Dranove's research focuses on problems in industrial organization and business strategy, with an emphasis on the health care industry. He has published nearly 100 research articles and book chapters, and is the author of six books, including The Economic Evolution of American Healthcare, Code Red, and the textbook The Economics of Strategy, which is used by leading business schools around the world. Professor Dranove regularly consults with leading health care organizations in the public and private sectors. He also has two decades of experience performing and testifying about economic analyses in both litigation and regulatory actions. Most recently, he testified on competition issues for the US Department of Justice in the agency’s effort to block a proposed merger of two commercial health insurers. Professor Dranove concluded that the proposed transaction likely would result in higher prices and less innovation. He also has served on the executive committee and board of directors of the Health Care Cost Institute. Professor Dranove is on the review board of numerous prominent industry journals; he is the editor of the International Journal of Health Economics and Management and an associate editor of the RAND Journal of Economics. He is an elected member of the National Academy of Medicine.
Dr. Frot is an economist with specialized expertise in applying quantitative analyses to competition, litigation, regulatory, and business intelligence issues. He advises firms in a wide range of industries, providing economic and econometric expertise on matters related to mergers, market concentrations, cartel investigations, and damages.
Over the years, he has performed numerous economic and econometric analyses in Phase I and Phase II mergers before the French Competition Authority and the European Commission, including Veolia Transport/Transdev, Jardiland/InVivo, Castel/Patriarche, Fnac/Nature & Découvertes, d’aucy/Triskalia, Lactalis/Nuova Castelli, Lactalis/Leerdammer, CMA CGM / Bolloré Logistics, Canal+/OCS, and Suez/Veolia. He has led case teams and performed economic analyses in several prominent horizontal and vertical cartel cases, as well as estimated damages in antitrust litigation and intellectual property matters. He has also assisted companies in modeling and implementing changes to pricing behavior.
His reports have been presented to the European Commission, the French Competition Authority, the Court of Appeals, the Conseil d’État (France’s highest administrative court), the Tribunal of Commerce of Paris, and regulators in the telecommunications, energy, transportation, and gambling sectors. Dr. Frot has published a number of articles in peer-reviewed journals and regularly speaks at international competition law and policy conferences.
Professor Keller is a marketing expert who specializes in the application of consumer psychology, information processing, and choice behavior to complex litigation matters involving claims of consumer confusion, false advertising, trademark infringement, and product liability, among other topics. She studies the application of social marketing principles and behavioral theory in consumer and employee contexts, with a focus on designing and implementing consumer communication programs. Professor Keller’s research has been used to assess consumer behavior and decision making and address how consumers incorporate and respond to information across a variety of settings and industries, including pharmaceuticals, health care, financial services, consumer products, law, employee benefits, and insurance. She regularly collaborates with academic and industry experts to inform government-sponsored research on physician and patient decision making for organizations such as the National Institutes of Health, the National Cancer Institute, and the National Institute on Aging.
Professor Keller has consulted to firms on US Food and Drug Administration (FDA) and Federal Trade Commission (FTC) matters and worked on behalf of several government agencies, including the US Department of the Treasury and the Centers for Disease Control and Prevention (CDC). Her work has been published in several marketing journals, and she has also served on numerous journal editorial review boards. She has earned awards for designing effective communications related to health and savings from the Marketing Science Institute and the National Endowment for Financial Education, among others. Professor Keller’s research on decision making was cited by the Social and Behavioral Sciences Team’s 2015 Annual Report for the White House on the use of behavioral science in the design of federal programs and policies. Professor Keller is a fellow of the Association for Consumer Research.
Professor Denis’s research examines corporate governance, corporate financial policies, corporate organizational structure, corporate valuation, and entrepreneurial finance. He has taught courses on corporate financial management, venture capital, and investment banking in M.B.A., Ph.D., and executive education programs. He has also consulted extensively to private companies, law firms, and government agencies on various aspects of financial markets and securities, including bankruptcy reorganization, payout policy, credit ratings, corporate restructuring, stock prices, corporate valuation, corporate governance, capital acquisition, executive compensation, mortgage-backed securities, and collateralized mortgage obligations. Professor Denis has published more than 50 articles in leading peer-reviewed journals, and coedited a book on corporate restructuring. He has served in editorial roles for a number of journals, including The Journal of Finance, The Review of Financial Studies, The Journal of Financial Research, the Journal of Corporate Finance, and Annals of Finance. He is a past president of the Financial Management Association International.
Mr. Starfield specializes in the direction and management of large-scale cases involving complex economic and financial issues. For more than two decades, he has conducted economic analysis and managed case teams in support of leading academic experts in a range of cases, notably a number of matters involving complex securities, including residential mortgage-backed securities, collateralized debt obligations, and credit default swaps. In matters related to the Lehman bankruptcy, he supported multiple experts in assignments related to structured financial products, secured financing, collateral management, derivatives risk exposure, complex accounting topics, and the causes of Lehman's failure. He also managed case teams in the Enron-related litigations involving some of the major settlements emerging from the Enron bankruptcy. In addition, he has worked on a broad range of cases in the investment management area, including numerous matters involving alleged violations of Sections 10b-5 and 11, in which he provided management of many dimensions of financial and economic analysis, including market efficiency, loss causation and materiality, and damages. Mr. Starfield also worked with mutual fund companies, boards, and regulators in some of the most prominent market timing matters. He managed all aspects of financial and economic analysis in a fraudulent conveyance litigation involving one of the largest bank failures in US history, including identification and support of numerous academic expert witnesses who testified on the economics of the banking industry; conditions in real estate markets; the management, operation, and regulation of nationally chartered commercial banks and bank holding companies; and factors that led to bank failures.
He has conducted analyses and served as an expert in numerous matters involving commercial disputes, and also has significant experience in the valuation of large, closely held companies.
In his role as an expert, Mr. Starfield has developed economic and financial models; prepared testimony; developed, presented, and reviewed pretrial discovery; and evaluated the economic and financial analyses of opposing experts. He has provided support to successful testimony on numerous topics involving economics in both bench and jury trials. Outside of litigation, he has assisted clients in a variety of industries with development of business plans and financial projections, frequently involving the use of complex integrated financial models. Formerly a senior manager in the Dispute Analysis and Corporate Recovery Services group of Price Waterhouse, Mr. Starfield is a chartered accountant of South Africa, a member of the South African Institute of Chartered Accountants, and a member of the Association of Chartered Certified Accountants in the United Kingdom.
Ms. O’Laughlin works with clients on both litigation and non-litigation matters. In the litigation context, she has served as an expert witness and testified at trial, and conducts economic analyses and manages case teams in support of academic and industry experts in a broad range of matters throughout the US and Canada. She has assisted clients in all phases of the litigation process, and has supported expert witnesses in the preparation of reports and other testimony in matters involving merger reviews, antitrust litigation, competition policy, data privacy, labor relations, false advertising, finance, valuation, trademark, intellectual property (IP), and patent infringement. Ms. O’Laughlin also has experience with allegations of exclusionary conduct in various industries, including agricultural products, consumer packaged goods, finance, retail, telecommunications, and technology. She has developed, administered, and analyzed surveys in trademark, IP, antitrust, consumer protection, data privacy, and false advertising matters. In the non-litigation context, Ms. O’Laughlin uses complex research methods and applies innovative analytical approaches to provide new insights on the competitive and market challenges that clients face in managing and expanding their businesses. She publishes regularly on issues related to marketing, economics, litigation, and public policy. Ms. O’Laughlin is bilingual in both of the official languages of Canada, French and English.
Professor Stuart specializes in intellectual property, corporate strategy, and entrepreneurship, and has conducted analyses of firms' incentives to innovate. He has provided expert consulting services to numerous companies, and teaches M.B.A., doctoral level, and executive education courses in corporate strategy, mergers and acquisitions, technology strategy, and entrepreneurship.
Professor Stuart's academic research focuses on the formulation of firm strategies in a number of industries; the formation, governance, and consequences of strategic alliances; organizational design and new formation in established firms; and venture capital networks and the role of networks in the creation of new firms. He is a recipient of the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and of Administrative Science Quarterly's Scholarly Contribution Award for best paper.
A prolific author, Professor Stuart has published several book chapters and numerous articles in peer-reviewed journals, including Administrative Science Quarterly, Strategic Management Journal, Management Science, Research Policy and Industrial and Corporate Change. He is a past or present editorial board member of these journals, and a former associate editor of the American Journal of Sociology.
Dr. Sun is an anesthesiologist and health economist with expertise in perioperative and pain medicine, population health, and public health policy. His research explores issues of health through clinical and economic lenses, and has examined topics such as the influence of drug and physician pricing on medical outcomes; physicians’ responses to payment program incentives; the economics of medical innovation, including the value of new technologies to patients and society; and methods for lowering the use of opioids in pain management. From 2019 to 2020, he served as a senior health economist on the President’s Council of Economic Advisers. Dr. Sun coauthored the book Health and Wealth Disparities in the United States, and cowrote the chapter “Do We Need the FDA? Improving the Regulation of Pharmaceutical Products” in Regulation vs. Litigation: Perspectives from Economics and Law. He has published articles in The American Journal of Managed Care, the Annals of Internal Medicine, Forum for Health Economics & Policy, Health Affairs, JAMA, JAMA Internal Medicine, the Journal of Health Economics, and The New England Journal of Medicine, among other journals. He is an associate editor of Anesthesia and Analgesia and Anesthesiology. Dr. Sun’s committee memberships have included serving on the Committee on Evidence-Based Clinical Practice Guidelines for Prescribing Opioids for Acute Pain of the National Academies of Science, Engineering, and Medicine.
Mr. Gallagher conducts economic and financial analyses and manages case teams in support of academic affiliates in a broad range of engagements, including transfer pricing, finance and securities, and antitrust. His transfer pricing work is focused on tax controversy. Recent matters have involved intangible asset valuation, pharmaceutical royalty rates, and the appropriateness of a global corporation’s transfer pricing system. In the context of finance and securities, Mr. Gallagher analyzes asset-backed securities, conducts empirical assessments of class certification, and evaluates options trading strategies. His antitrust work includes assessments of alleged market manipulation. Mr. Gallagher’s experience spans multiple industries, including financial services, pharmaceuticals, internet, food and beverage, and oil and gas. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation.
Professor Kiesling is an expert in energy and regulatory economics, energy history, energy market design, and technology in the development of energy markets, with a particular interest in the electricity industry. Her research focuses on electricity policy and market design issues related to regulation and technological change; the economics of smart grid technologies; and the interaction of market design and innovation in the development of retail energy markets, products, and services. Professor Kiesling has provided expert testimony in proceedings before the Federal Energy Regulatory Commission (FERC), the California Public Utilities Commission, the Illinois Commerce Commission, and the New York Public Service Commission. She teaches at economics workshops for regulators, and lectures to academic, industrial, and regulatory groups about regulatory policy, institutional change, and the economic analysis of electric power market design. Professor Kiesling is the author of two books and numerous articles, book chapters, policy studies, and public interest comments. She serves on the Electricity Advisory Committee for the US Department of Energy, as well as the Academic Advisory Council for the UK Institute of Economic Affairs. Previously, Professor Kiesling was a visiting associate professor at Carnegie Mellon University and held positions in the economics departments of Purdue University and Northwestern University.
Professor Desai has more than two decades of experience in tax policy, corporate governance, international finance, and corporate finance. His research has focused on how global firms and investors finance and invest across borders, how government policies influence those decisions, and how tax policy broadly influences firms and investors. Professor Desai has filed expert reports in litigation and testified in US district courts and US Tax Court. His research has appeared in leading economics, finance, and law journals, and has been cited in media outlets such as The Economist, Businessweek, and The New York Times. His book The Wisdom of Finance was longlisted for the Financial Times and McKinsey Business Book of the Year Award and his textbook How Finance Works has been widely adopted. Professor Desai is an award-winning teacher at Harvard Business School, and his online course Leading with Finance has been completed by more than 15,000 participants. He is on the advisory boards of the International Tax Policy Forum and the Oxford University Centre for Business Taxation. Professor Desai has consulted to companies and organizations on tax- and finance-related topics, and he has testified several times before the US Congress. He is a research associate in the National Bureau of Economic Research’s (NBER’s) Public Economics and Corporate Finance programs, and previously served as co-director of the NBER’s India program.
Earlier in his career, Professor Desai worked at a management consulting firm and was an analyst at CS First Boston.
Dr. Strombom is an expert in applied microeconomics, finance, and quantitative and statistical analysis. He provides assistance to attorneys in all phases of pretrial and trial practice, prepares economic and financial models, and provides expert testimony in litigation and public policy matters. Dr. Strombom has conducted assessments of class certification, liability, and damages issues in cases involving antitrust, breach of contract, ERISA, false advertising, intellectual property, labor and employment, product liability, securities, and general commercial disputes.
Prior to joining Analysis Group, Dr. Strombom was Executive Vice President of a middle-market merger and acquisition firm, where he managed a financial and market research organization that provided valuation and consulting services to over 500 privately held companies annually. Previously, he was Consulting Manager at Price Waterhouse, where he provided litigation support and value enhancement consulting services, and Senior Financial Analyst at the Tribune Company, where he evaluated capital projects and acquisition candidates.
Ms. Pike applies her expertise in health economics, statistics, and large administrative claims and transaction-level databases to help resolve complex litigation and strategic business questions in a variety of contexts, including matters involving the False Claims Act, Anti-Kickback Statute, and Controlled Substance Act. She has performed economic analyses and presented findings to US Attorney's Office investigators in numerous cases involving allegations of off-label promotion, kickback, and pricing issues. Ms. Pike also applies economic theory and empirical estimation methods in a variety of product liability, breach of contract, intellectual property, and transfer-pricing engagements. She has extensive experience in developing flexible damages models for real-time use in high-stakes negotiations.
Ms. Pike has been instrumental in developing bespoke suspicious order monitoring programs; building internal analytical programs to assess the risk of theft or diversion; and assisting manufacturers, wholesalers, and pharmacies in responding to government investigations and/or lawsuits related to controlled substance distribution and dispensing. She has managed a range of health care cases involving analysis of future lost profits; economic analysis of physician payment structures under capitation; studies of the cost effectiveness, budget impacts, and direct and indirect costs of illness associated with a variety of diseases; and pricing analyses for large multinational corporations across numerous industries. Ms. Pike has published numerous articles on related topics in health care economics and clinical journals.
Professor Hart is a leading expert in contract theory, the theory of the firm, and corporate finance. In 2016, he and Professor Bengt Holmström were awarded the Nobel Prize in Economics for their work in contract theory. Professor Hart’s research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. His recent work involves determining how parties can write better contracts, as well as how a new model of corporate governance can better incorporate the importance shareholders place on nonfinancial criteria.
Professor Hart has consulted to businesses and government entities, and provided expert testimony on contract and governance disputes in which he has evaluated the business purpose and economic substance of special purpose entities. As an expert on behalf of Qualcomm in Apple v. Qualcomm, he provided guidance on the optimal structure of contracts, and why and when they should be enforced. His book Firms, Contracts, and Financial Structure is a leading work in the fields of contract theory and corporate finance. He has published widely in peer-reviewed journals and contributed to the Financial Times and The Wall Street Journal. Professor Hart is a member of the IGM (Initiative on Global Markets) Economics Experts Panel of The University of Chicago Booth School of Business, and is affiliated with the Program on Corporate Governance at Harvard Law School’s John M. Olin Center for Law, Economics, and Business. He is a past president of the American Law and Economics Association.
Mr. Gold has more than 20 years of experience applying economics, finance, and statistics to litigation matters. He has been involved in all phases of the litigation process, from pretrial discovery to expert report and trial preparation. Mr. Gold has led teams supporting experts and assisted counsel on a variety of securities, commercial litigation, and intellectual property matters.
Mr. Gold has extensive experience consulting on securities matters, including analyzing market efficiency, estimating damages, conducting event studies, and analyzing potential settlements. He has also submitted expert declarations in civil and criminal securities fraud matters. His experience includes cases involving securities and financial derivatives such as swaps, structured notes, mortgage-backed securities, convertible preferred stock, and options. Mr. Gold has worked on antitrust matters involving the trading of securities, and he has conducted assessments of class certification in cases involving securities fraud, product liability, and false advertising, including analyzing whether liability or damages can be assessed using common proof. His work spans industries such as financial services, legal services, telecommunications, entertainment, health care, and oil and gas. He is the coauthor of “Federal Securities Acts and Areas of Expert Analysis” in the Litigation Services Handbook.
Professor Sundararajan’s research focuses on how digital technologies transform business, government, and civil society. He has extensive expertise in the regulation and governance of digital platforms, antitrust policy in high-tech industries, the economics of network effects, pricing and privacy issues in platform markets, valuation of digital businesses, and artificial intelligence (AI). He has provided expert testimony about the digital economy before Congress, the European Parliament, and to various city, state, and federal government agencies, including the Federal Reserve Bank and the Federal Trade Commission (FTC). Widely published, Professor Sundararajan has presented his research in peer-reviewed journals and at conferences, earned numerous awards and grants, and given hundreds of keynote, plenary, and other talks at industry, government, and academic forums around the world. His op-eds and other articles have appeared in more than 40 media outlets, including The New York Times, The Financial Times, Harvard Business Review, Fortune, and WIRED. Professor Sundararajan is the recipient of the Axiom Business Book Award for The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. He is a member of the World Economic Forum’s Global Future Council on the New Economic Agenda. Professor Sundararajan also advises organizations ranging from large corporations and tech startups to nonprofits and municipal governments. In addition to his primary professorial appointments, Professor Sundararajan is an affiliated faculty member at many of NYU’s interdisciplinary research centers, including the Center for Data Science and the Center for Urban Science and Progress.
Throughout his more than 40-year career, Professor Longstaff has developed a deep knowledge of all aspects of financial valuation. He is known for developing the Longstaff-Schwartz model, a multi-factor short-rate model; and the Longstaff-Schwartz method for valuing American options by Monte Carlo simulation. These valuation models have been used widely on Wall Street and throughout the global financial markets. He regularly consults to financial institutions, including mutual funds, hedge funds, and commercial banks, as well as to risk management firms. Professor Longstaff has taught at UCLA since 1993, and his research includes fixed income markets and term structure theory, derivative markets and valuation theory, credit risk, computational finance, liquidity and its effects on prices and markets, and the role of arbitrage in financial markets. Earlier in his career, he served as the head of fixed-income derivative research at Salomon Brothers, Inc., in the research department of the Chicago Board of Trade, and as a management consultant for Deloitte Haskins & Sells. Professor Longstaff has published more than 70 articles in academic journals, including The Journal of Finance, American Economic Review, and the Journal of Financial Economics. He is a certified public accountant and a CFA charterholder.
Ms. Pinheiro has an extensive background in quantitative analysis and data science, which she has applied to various practice areas, including traditional and decentralized finance, intellectual property, biostatistics, and antitrust. In finance, she focuses on cases involving allegations of market price manipulation, misleading communications, excessive mutual fund fees, and mortgage-backed securities litigation. In particular, she has been retained by the US Department of Justice, regulatory agencies, banking institutions, and market exchanges to consult, advise, and testify on matters involving allegations of spoofing and price manipulation, as well as corresponding detection approaches. Her recent work also covers the valuation of large portfolios of cryptocurrency assets and the analysis of the market microstructure of digital assets. She has also applied survey analysis and statistical modeling to various intellectual property cases, including patent disputes among smartphone manufacturers, copyright tariff setting for musical works, and patent infringement in the pharmaceutical industry. She has extensive experience analyzing clinical trial, registry, and insurance claims data for both litigation and research purposes and has published manuscripts on pharmacoeconomic issues. In the antitrust field, she has acted as an expert and supported other experts in class certification and price-fixing matters involving a wide range of industries, including online search engines, computer chips, liquid-crystal display (LCD) panels, airline ticketing services, gaming, and grocery stores. Ms. Pinheiro has also authored expert reports and testified on questions relating to the modeling and calculation of royalties and damages.
Prior to joining Analysis Group, Ms. Pinheiro served as executive director of the finance group of CIRANO, where she conducted applied research projects in collaboration with private and public partners, including work on hedge funds, style analysis, credit and operational risk, and the development of integrated risk management tools for practical applications.
Professor Donohoe’s research focuses on corporate taxation and financial reporting, with particular emphasis on complex financial arrangements. He examines how these arrangements influence corporate tax avoidance and risk management, as well as the broader economic impacts of regulatory efforts targeting such practices. He has broad business and individual tax experience from his early career in public accounting with PwC and another large firm. Professor Donohoe has published numerous studies in journals such as the Journal of Accounting Research, the Journal of Accounting and Economics, and the National Tax Journal, a research publication for all disciplines working in the tax policy arena. He is also a past editor of The Accounting Review. Professor Donohoe has earned numerous accolades for his teaching, including being named a Top 50 Undergraduate Business Professor by Poets&Quants, receiving the Outstanding Educator Award from the Illinois CPA Society, and earning the Excellence in Undergraduate Teaching Award from the University of Illinois at Urbana-Champaign. Since 2019, Professor Donohoe has been an appointed director and board-designated financial expert for Farm Credit Illinois, a $7 billion agricultural co-op that provides credit and financial services. Professor Donohoe is a certified public accountant and is certified in financial forensics.
Professor Lambrecht is an expert in digital marketing and consumer behavior. Her research focuses on marketing decisions in digital environments – emphasizing online targeting, advertising, promotion, and pricing. In the context of digital marketing, Professor Lambrecht has examined how firms can use retargeting to reach out to consumers; how firms can advertise on Twitter to early trend propagators; the role of position effects on information displayed to consumers online; and, more broadly, the value of big data for firms. In her online pricing work, Professor Lambrecht examines the economics of pricing online services and online promotions, such as daily deals or cashback promotions.
Recently published research explores the role of economics in the context of apparent algorithmic biases. Currently, Professor Lambrecht is studying the value of top positions in organic search results and how users contribute to crowdfunding campaigns. In an additional research stream on price discrimination in service industries, she has focused on the use of multi-part tariffs by service providers such as telecom companies.
Professor Lambrecht has published a number of articles in leading academic journals, such as Marketing Science, Management Science, and the Journal of Marketing Research. Among other awards, she has received the American Marketing Association's Paul E. Green Award and has recently been selected as the winner of the prestigious William F. O'Dell Award. In addition, Professor Lambrecht has held several editorial roles at prominent academic publications.
Professor Hubbard is a leading expert in public economics, corporate and institutional finance, macroeconomics, antitrust, and industrial organization. He has provided trial and deposition testimony in numerous litigation matters, including more than a dozen cases in the Delaware Chancery Court. He has also served as a testifying expert in several high-profile finance- and securities-related cases, as well as on damages issues in antitrust matters. Professor Hubbard has consulted to several government and international agencies, including the US Department of the Treasury, the US International Trade Commission, the US Securities and Exchange Commission, the World Bank, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Congressional Budget Office. From 2001 to 2003, he served as chairman of the President’s Council of Economic Advisers.
Professor Hubbard has published more than 100 scholarly articles and coauthored several books, including the widely used textbook Money, the Financial System, and the Economy. His commentaries have appeared in Businessweek, The Wall Street Journal, The New York Times, the Financial Times, and The Washington Post, as well as on PBS television and NPR radio business programs. A frequent speaker, Professor Hubbard has presented his research at economic conferences throughout the world.
Mr. Gorin has more than 30 years of experience as a strategy and economic consultant with deep expertise in the health care, chemicals, oil and gas, agriculture, and automotive industries. He leads large, complex engagements in antitrust matters, health care strategy, and large commercial litigation cases, providing direct leadership at every stage of engagement, from strategy to implementation. In addition to his own expert work, Mr. Gorin regularly identifies and collaborates with leading academic and industry affiliates. Mr. Gorin's unique experience across industries and practices allows him to leverage his complementary strategic, economic, and specific subject matter expertise to provide pragmatic solutions to address clients' complex business and legal challenges.
Mr. Gorin's work in antitrust and competition cases has included the analysis of alleged anticompetitive behavior and the evaluation of the competitive impact of mergers and acquisitions in strategic, regulatory, and litigation contexts. In these cases, Mr. Gorin has defined and analyzed relevant markets, assessed potential or past competitive impact, simulated the outcome of mergers and acquisitions in the marketplace, and evaluated potential antitrust remedies. As a leading expert in Analysis Group's Health Care Strategy practice, Mr. Gorin works with diagnostic innovators and manufacturers to develop acquisition and growth strategies, create plans to achieve favorable coverage and reimbursement in the United States and international markets, and design and implement evidence development strategies to support coverage and reimbursement goals. In commercial litigation cases, he regularly leads teams and experts to support clients in matters related to liability and damages, such as valuation, economic harm, accounting, corporate governance, and organizational performance and culture.
Prior to joining Analysis Group, Mr. Gorin was a partner in the worldwide Energy, Chemicals, and Pharmaceuticals Group at Booz, Allen & Hamilton, Inc.
Professor Mayzlin’s research focuses on how businesses manage social interactions, advertising, and communication strategies, including word of mouth and social media. She has filed expert reports and testified at deposition in marketing-related litigation matters, including testimony in a lawsuit involving the way a major e-commerce company aggregated product reviews. In another case, she analyzed allegations that the plaintiff’s competitor had posted fake negative reviews on its Yelp page. Professor Mayzlin has written numerous scholarly articles on social media management, the manipulation of online reviews, measuring online word of mouth, and online influencers. She is also an associate editor at Marketing Science. Her work has earned several awards, including the INFORMS Society for Marketing Science Long Term Impact Award, and been cited more than 15,000 times on Google Scholar. A frequent speaker, Professor Mayzlin has provided keynote addresses at academic conferences worldwide, including the Advertising and Consumer Psychology Conference and the Interactive Marketing Research Conference. She has co-chaired and presented at the Summer Institute in Competitive Strategy at the Haas School of Business at the University of California, Berkeley. Prior to joining the USC Marshall School, where she teaches undergraduate, M.B.A., and doctoral courses, Professor Mayzlin served on the faculty of the Yale School of Management.
Professor Dukes is a marketing and antitrust expert who specializes in retailing, pricing, e-commerce, and digital platforms. His research focuses on pricing and retailing strategies, competition and vertical restraints, big box stores and other dominant retailers, and e-commerce platforms and other intermediaries that connect marketers and consumers. In addition to his academic work, he has experience testifying as an expert witness in federal court on issues related to antitrust and pricing discrimination. Professor Dukes’s research has been published in peer-reviewed journals including the Journal of Marketing Research, Management Science, and Marketing Science, and has been featured in popular press outlets including The Wall Street Journal and Harvard Business Review. Professor Dukes has been recognized by the Marshall School of Business with the Evan C. Thompson Award for leadership and mentoring, the Ph.D. Mentoring Award, and the Dean’s Award for research excellence. He is the former senior editor at Marketing Science and a distinguished visiting fellow at the Indian School of Business. Prior to joining USC, he was an associate professor at the University of Aarhus in Denmark and a visiting professor at the Tepper School of Business at Carnegie Mellon University.
Dr. Ugone specializes in the application of economic principles to complex business disputes and is experienced in economic and damages-related analyses. He has provided financial and economic consulting services in cases involving antitrust, breach of contract, class certification, intellectual property, professional negligence, and securities-related issues. Dr. Ugone has frequently evaluated lost profits and valuation-related issues using large databases and complex computer models.
Dr. Ugone has constructed or evaluated damages models that have included such components as lost sales analyses, incremental cost analyses, assessments of profitability, assessments of the capacity to produce additional units, the competitive business environment in which a damage claim is made, claimed lost business value, and claimed reasonable royalties. He has performed economic liability analyses in antitrust matters including defining relevant markets, assessing market power, and evaluating alleged anticompetitive behavior. In consumer product class action matters, Dr. Ugone has addressed economic- and damages-related issues relating to classwide proof of claimed economic harm and price premium claims, including analyses of demand drivers affecting consumer purchase decisions and product pricing patterns observed at wholesale and retail levels. With respect to patent infringement matters, he has performed lost profits-related and reasonable royalty-related analyses.
Dr. Ugone has testified at trial and in deposition approximately 600 times.
Professor LoSasso’s research spans several dimensions of health economics and health services research, focusing on how government policies affect private sector decisions. He has studied the impact of the State Children’s Health Insurance Program on insurance coverage among children and the extent to which public coverage “crowded out” private coverage. In addition, Professor LoSasso has examined how community rating regulations affected individual health insurance coverage. His research has also addressed the effects of health savings accounts and other high-deductible health insurance products on service use and spending. Professor LoSasso’s research has appeared in leading academic journals, including Health Affairs, The Journal of Health Economics, The Journal of Public Economics, and The Journal of Risk and Insurance. He is an associate editor at Medical Care Research and Review and serves on the editorial board of Health Services Research and Journal of Community Health. In addition to his academic research, Professor LoSasso has provided expert testimony in numerous matters pertaining to the appropriateness of FAIR Health methodology for use as health care charge benchmarks, as well as for use in workers’ compensation medical reimbursement disputes. He is a former executive director of the American Society of Health Economists (ASHEcon).
Ms. Resch has extensive experience consulting on finance, financial economics, and accounting issues in complex litigations and arbitrations, with a particular focus on international arbitration. She is a testifying expert, specializing in the quantification of economic damages in both international arbitration and litigation. Ms. Resch has advised on valuation issues such as cost of capital and valuation discounts and premia. Her damages and valuation work has spanned disputes over complex financial instruments; oil and gas contracts; government expropriation matters; and shareholder disputes throughout the UK, Russia, Central Asia, and South America in both commercial arbitration and investment treaty arbitration. She has also consulted on state aid proceedings in the banking industry and provided damages assessments in litigation matters before the UK High Court of Justice. Prior to joining Analysis Group, Ms. Resch was a partner and co-founder of an economics consulting firm.
Professor Sussman focuses his research in the areas of real estate investment and finance, financial statement analysis and valuation, and corporate financial reporting. He has consulted to large and small firms nationally and globally, and is a frequent lecturer on a variety of financial, accounting, and corporate reporting topics. Professor Sussman has served as an expert witness and consultant in commercial litigation involving matters of real estate due diligence and related practices, corporate financial reporting and disclosure, audit effectiveness, valuation, and overall damage analyses. He is a founding partner of Clear Capital, where he oversees the firm’s capital, equity, and debt departments and strategic planning functions, and provides leadership to the firm in the areas of private equity, joint ventures, and fund formations. Professor Sussman is also president of Amber Capital; manager of Fountain Management; and managing partner of the Pacific Value Opportunities Fund and Clear Opportunity Fund, which have acquired, rehabilitated, developed, and managed over 2 million square feet of residential and commercial real estate. He also serves as the audit committee chairman of the board of trustees of Causeway Capital’s group of funds, which collectively have more than $15 billion in assets. Professor Sussman is a licensed certified public accountant in the State of California.
Ms. Samuelson is an expert in antitrust, finance, and valuation, combining more than 30 years of experience applying economic and financial analysis to complex legal disputes with five years of experience as a practicing trial attorney. A key aspect of Ms. Samuelson’s work is the direction of economic analyses for merger review, regulatory investigations, and large private litigations. Working with affiliate David Dranove on behalf of the US Department of Justice, she led the case team that successfully challenged the proposed merger of Anthem and Cigna. She has managed economic analyses related to antitrust issues in more than 100 matters during her career, including numerous government, competitor, and consumer matters on behalf of MasterCard over more than two decades, and on behalf of Microsoft during a similar period. Ms. Samuelson has also provided analysis of issues of class certification, liability, and damages in a broad set of technology- and financial services-related cases, and has analyzed economic issues related to government investigations and mergers involving companies in technology and health care. She has served as an expert in many phases of litigation, including development of economic and financial models; preparation of testimony; development, presentation, and review of pretrial discovery; and critique of economic and financial analyses of opposing experts.
A frequent speaker on topics in antitrust and competition, the role of economics in litigation, and leadership, Ms. Samuelson has presented before a number of legal audiences and at leading academic institutions, including the American Bar Association (ABA)’s Antitrust Section Annual Spring Meeting, the New York State Bar Association (NYSBA)’s Annual Antitrust Law Section Meeting, the Yale School of Management, the University of Chicago Law School, and the MIT Sloan School of Management. She has also participated in numerous legal and economic conferences and seminars. In one representative example, Ms. Samuelson moderated a panel at the US Federal Trade Commission and US Department of Justice joint public workshop on most-favored nation clauses, and subsequently coauthored an article on the program in the ABA Antitrust Section Joint Conduct Committee’s newsletter. Ms. Samuelson was named as one of Global Competition Review’s Women in Antitrust 2016, and she is frequently included in the International Who’s Who of Competition Lawyers and Economists and Euromoney’s Guide to the World’s Leading Competition and Antitrust Lawyers/Economists. She has served as a vice chair of the ABA’s Trial Practice Committee of Antitrust Law.
In addition to her economic consulting work, Ms. Samuelson serves as Chairman of Analysis Group, one of the largest economic consulting firms in the United States. She previously served as CEO and Chairman (between 2016 and 2024), President and CEO (between 2004 and 2016), and as co-CEO (beginning in 1998). Since joining Analysis Group in 1992, Ms. Samuelson has played a key role in the company’s growth and diversification and has brought significant new clients, academic affiliates, and professional staff to the firm. Under her guidance, Analysis Group has been named (by Vault) as one of the top 50 consulting firms in the US for several years running. In Massachusetts, the firm has been consistently named in the annual Top Places to Work ranking by The Boston Globe, and the Top 100 Women-Led Businesses in Massachusetts listing by the Commonwealth Institute and Boston Globe Magazine. Ms. Samuelson is also the chair of the Boston Medical Center Hospital Board of Trustees.
Professor Edmans is Managing Editor of the Review of Finance, the leading academic finance journal in Europe, Academic Director of the LBS Centre for Corporate Governance, and serves as elected faculty representative on the LBS Governing Body. He has appeared on Bloomberg, BBC, CNBC, CNN, ITV, Reuters, and Sky News, given TEDx talks on “The Social Responsibility of Business” and “From Post-Truth to Pro-Truth,” and written for the Financial Times, Harvard Business Review, Huffington Post, and The Wall Street Journal. Professor Edmans currently serves on the Steering Group of The Purposeful Company, an influential UK consortium that proposes policy reforms to encourage companies to pursue long-run purpose over short-run profit. He is also on the Responsible Investment Advisory Committee at Royal London Asset Management. Prior to London Business School, he was a tenured professor at Wharton, where he won 14 teaching awards in six years.
Professor Syverson is an expert in industrial organization and microeconomics. His research spans numerous topics related to the interactions of firm structure, market structure, and productivity. Professor Syverson has been retained as an expert in several engagements and has provided deposition testimony in antitrust litigation. He has published widely in leading economic and industry journals, including the Journal of Economic Perspectives, the American Economic Review, and Econometrica, and he coauthored the intermediate-level textbook Microeconomics. Professor Syverson’s research has received multiple grants from the National Science Foundation, among others. He is a former editor of the Journal of Political Economy and has served on a number of editorial boards. Professor Syverson is a research associate in several programs at the National Bureau of Economic Research, including Productivity, Innovation, and Entrepreneurship; Industrial Organization; and Environment and Energy Economics. Prior to his appointment at The University of Chicago, he was a mechanical engineer for Loral Defense Systems and Unisys. He holds undergraduate degrees in both mechanical engineering and economics from the University of North Dakota.
Paul E. Greenberg, Director of Analysis Group’s Health Care Practice, consults to pharmaceutical, biotechnology, and medical device companies in complex business litigation matters. Mr. Greenberg’s litigation experience has included performing economic and statistical analyses in support of testifying experts, as well as presenting findings to investigators from US Attorneys’ Offices and the Office of the Inspector General in numerous cases in which violations of the False Claims Act and/or the Anti-Kickback Statute have been alleged. Mr. Greenberg has provided economic consulting support in connection with class certification, liability, and damages in cases involving allegations of product failure, product fraud, antitrust, and/or patent infringement in the biopharmaceutical industry. He has provided strategic assistance to counsel at various key points in litigation, including pretrial discovery, settlement negotiations, and trial preparation. In the area of health economics and outcomes research (HEOR), Mr. Greenberg has undertaken cost-of-illness studies relating to numerous psychiatric and physical disorders, as well as pharmacoeconomic assessments of the cost-effectiveness of drugs based on data gathered in clinical trials and/or administrative claims files. Mr. Greenberg’s work in HEOR has been widely published in leading medical and health economics journals. He currently serves on the editorial boards of PharmacoEconomics, the Journal of Medical Economics, and Expert Opinion on Pharmacotherapy, and he previously served on the editorial boards of Law360’s Life Sciences and Health Care electronic newsletters.
Professor Lys is an expert in accounting and finance, including real estate finance, financial reporting, securities analysis, and M&A. He has testified on issues related to valuation, corporate governance, corporate finance, disclosures in M&A, fairness opinions, antitrust, GAAP compliance, taxes, and contract disputes on behalf of US and foreign government agencies and corporate clients.
Professor Lys’s research interests include risk arbitrage, labor participation in corporate decisions, auditor liability, behavioral finance, negotiations, and earnings forecasts. He has published numerous working papers and articles in refereed journals, as well as a book on negotiation that integrates the rational models of economics with the less-than-rational models of psychology. He also has edited two volumes of Karl Brunner’s work, as well as two book chapters in edited volumes. His research investigates analyst earnings forecasts and stock valuations; efficiency of analyst earnings forecasts; the ability of security analysts to learn from experience; stock price behavior following earnings announcements; properties of estimators of autocorrelation coefficients; the impact of transaction costs for market efficiency; M&A; and investors’ interpretations of corporate social responsibility initiatives.
Professor Lys was an editor of the Journal of Accounting and Economics for 11 years and also served on the editorial board of The Accounting Review. He is a recipient of the American Accounting Association’s Distinguished Contributions to Accounting Literature Award for 2022.
Dr. Van Audenrode is an expert in data analysis and econometrics, labor economics, antitrust and competition policy, and public economics. He has consulted to clients - including law firms and government agencies - in Canada, the US, and Europe. Dr. Van Audenrode’s work includes developing a methodology to value desktop software; he also developed expertise valuing goods as varied as restaurant franchises, executive stock options, or smartphone features. His recent work in public economics includes evaluating the economic rent from hydroelectricity to the Canadian economy and the value of logging rights on the ancestral territory of a Canadian First Nation. In the area of labor economics, his work has included filing an expert report assessing fair compensation for Quebec provincial judges and Quebec prosecutors and advising Quebec’s commission on pay equity. Dr. Van Audenrode has filed expert reports in courts in the US, Canada, Belgium, Germany, France, and the Netherlands, and has testified in Canada and the US. He recently filed a report with the Amsterdam Court of Appeal in support of the settlement reached between Ageas and claimant organizations in the Fortis case, the largest settlement ever reached through the Dutch Collective Settlement Act (WCAM). Dr. Van Audenrode’s scientific research and articles have been published in numerous peer-reviewed academic journals and trade journals. He is a coauthor of the book The Mutual Fund Industry: Competition and Investor Welfare, and is a frequent presenter at industry and academic conferences.
*Marc Van Audenrode srl
Professor Miller is an economist whose research interests include public finance, labor economics, health economics, and industrial organization. Her research has covered Medicaid expansion, workplace competition and labor supply, financing of employment-based health insurance plans, and effects of COVID-19 shutdowns, among other topics. She has received research funding from the US National Science Foundation (NSF), National Institutes of Health (NIH), Agency for Healthcare Research and Quality (AHRQ), and Department of Defense (DoD). Professor Miller is an associate editor of The Leadership Quarterly and the ILR Review, and has published articles in peer-reviewed journals, such as the Journal of Labor Economics, the Journal of Health Economics, The Journal of Human Resources, and The Review of Economic Studies. She served two terms on the board of the American Economic Association’s Committee on the Status of Women in the Economics Profession. Professor Miller is a recipient of the Excellence in Reviewing Certificate from Labour Economics, the IZA Young Labor Economist Award, and the WHITE Award for Best Paper on Health IT and Economics. Professor Miller has also worked as an economist with the RAND Corporation.
Professor Jena is a health economist, practicing internal medicine physician, and professor of health care policy. His work involves several areas of health economics and policy, including the economics of medical innovation, the economics of physician behavior and the physician workforce, medical malpractice, and the economics of health care productivity. Professor Jena has been retained as an expert in several pharmaceutical and health care industry matters.
A prolific author, Professor Jena is the coauthor of the book Random Acts of Medicine, and he has contributed to more than 150 peer-reviewed articles and articles intended to increase patient understanding, published in outlets including The New England Journal of Medicine and The New York Times. He is a faculty research fellow at the National Bureau of Economic Research and serves on Harvard Medical School’s Standing Committee on Health Policy. Professor Jena is a recipient of the NIH Director’s Early Independence Award to fund research on the physician determinants of health care spending, quality, and patient outcomes, and a recipient of the International Society for Pharmacoeconomics and Outcomes Research (ISPOR) New Investigator Award. In 2018, he was listed among 100 great leaders in health care by Becker’s Hospital Review.
Professor Knittel’s research focuses on industrial organization, applied econometrics, and energy and environmental economics. He has provided trial and deposition testimony in a number of litigation matters, including valuing product features in smartphones, PCs, and contact lenses. He has also consulted to Delta Airlines, Ford Motor Company, the US Energy Information Administration, and Korea Electric Power Company. Professor Knittel has authored or coauthored numerous articles on topics such as market structure and product pricing, tacit collusion, and challenges in merger simulation analysis. Examples of his research include articles on the spurious correlation between ethanol production and gasoline prices, unilateral market power in the electricity reserves market, and tacit collusion in credit card markets. His research has appeared in the American Economic Review, the American Economic Journal: Macroeconomics, the American Economic Journal: Economic Policy, The Review of Economics and Statistics, The Journal of Industrial Economics, and The Energy Journal, among other academic publications. He is a former coeditor of the Journal of Public Economics and serves or has served as an associate editor for several other scholarly journals, including the American Economic Journal: Economic Policy, The Journal of Industrial Economics, the Journal of Transport Economics and Policy, and The Journal of Energy Markets. Professor Knittel is a research associate at the National Bureau of Economic Research (NBER) in the Productivity, Innovation, and Entrepreneurship and Industrial Organization programs, and he co-directs the Environment and Energy Economics program.
Ms. Swallow provides strategic expertise to life sciences companies and policymakers. She specializes in applying quantitative methods to real-world problems involving evaluation, decision making, strategy, and public policy in the health care and social policy sectors. She has more than 15 years of experience leading data analytics implementation, real-world evidence (RWE) generation, regulatory submissions, analytic platform design, and trial design. Ms. Swallow’s expertise includes regulatory-grade indirect treatment comparisons, survey research, database analyses, natural history studies, brand strategy, policy evaluation, RWE development, individualized medicine, and predictive analytics. Additionally, she has led health and social policy program evaluations. Ms. Swallow has worked across disease areas, including obesity, rare diseases, immunology, multiple sclerosis, hematology, oncology, and renal disease. Her work has been used to inform regulatory and reimbursement decisions in US and global markets, published in numerous peer-reviewed journals, and presented at dozens of clinical and economic research conferences.
Professor Edwards is an expert in international economics and management, with a particular focus on Latin America. He has consulted to a number of national and international corporations, as well as to multilateral institutions such as the Inter-American Development Bank, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United States Agency for International Development, and the World Bank, where he served as chief economist for the Latin America and Caribbean region. He has also consulted to a number of national governments, including those of Costa Rica, Guatemala, Mexico, Argentina, Chile, Colombia, New Zealand, Indonesia, Tanzania, and Nicaragua. Professor Edwards has published widely on international economics, macroeconomics, and economic development, and has written editorials on Argentina’s economic situation for The Wall Street Journal and the Financial Times. He is a research associate at the National Bureau of Economic Research, a member of the advisory board of Trans-National Research Corporation, and former chairman of the Inter-American Seminar on Economics. Professor Edwards was awarded the 2012 Carlos Diaz-Alejandro Prize by the Latin American and Caribbean Economic Association for his lifetime contributions to policymaking in Latin America and the Caribbean.
Mr. Gustafson applies his expertise in economics, econometrics, and modeling to litigation, complex business issues, and the analysis of public policy issues. He has worked extensively in the areas of health care, insurance, employment, data privacy, ERISA, finance, intellectual property (IP), commercial damages, and class certification.
In his litigation work, Mr. Gustafson has provided deposition, arbitration, and trial testimony related to the economics of identity theft, physician compensation, the reasonable value of medical services, retirement benefits, employment compensation, lost earning capacity, and commercial damages, and he has critiqued plaintiffs’ proposed damages formulas in several class actions. His case work has involved evaluating claims of excessive investment fees in corporate 401(k) defined contribution plans, assessing the reasonable value of medical services for physicians and hospitals, analyzing health insurance claims to identify instances of alleged fraud and inappropriate billing by hospital providers, and auditing risk-pool reconciliations that set the level of at-risk payments to a hospital group and its physician partners. He has worked on several privacy-related class actions, providing testimony related to the economics of identity theft and damages, as well as supporting privacy, damages, survey, and technical experts.
Mr. Gustafson has worked with clients to perform affirmative pay equity studies and develop methodologies to address identified disparities. He has explored economic issues associated with a wide range of insurance products, including disability, health, life, product liability, and property insurance, as well as variable annuities. Mr. Gustafson also has experience in a variety of ERISA matters, including those related to health care plans, benefits, and insurance claims. Additionally, he has extensive experience assembling and analyzing large, proprietary datasets common in pay equity, insurance, and health care engagements. Prior to joining Analysis Group, Mr. Gustafson was the business manager in Tokyo for an international nonprofit. He also taught economics as a course assistant at the Harvard Kennedy School.
Professor Macey’s research and writings focus on corporate governance, corporate finance, and banking and financial institution regulation. He has served as an expert in cases involving corporate governance and corporate control – in particular, matters involving piercing the corporate veil and breach of fiduciary duty across various industries. Professor Macey is the author or coauthor of many books, including Macey on Corporation Laws and two leading casebooks: Cases and Materials on Corporations Including Partnerships and Limited Liability Companies and Banking Law and Regulation. He has published over 100 articles in major law reviews and journals, including The Banking Law Journal and The Journal of Law and Economics, and has served on numerous journal editorial boards. Professor Macey’s op-eds have appeared in The Wall Street Journal, Forbes, the Los Angeles Times, and The National Law Journal, among other publications. His awards include a Ph.D. honoris causa from the Stockholm School of Economics. Prior to joining the Yale faculty, Professor Macey was the J. DuPratt White Professor of Law and director of the John M. Olin Program in Law and Economics at Cornell Law School, and a professor of law and business at Cornell’s Samuel Curtis Johnson Graduate School of Business. He has served as a professor of law at The University of Chicago Law School and as a visiting professor of law at Harvard Law School.
Ms. Mills is an expert in US and international accounting and financial reporting issues, with over 30 years’ experience in the financial services industry. As the founder and president of Accounting Policy Plus, she has a deep knowledge of accounting issues in complex transactions and a strong track record of developing, implementing, and applying new accounting policies. Ms. Mills also has an extensive record as an expert witness, and has testified and filed expert reports on issues that include hedge accounting, structured transactions, securitizations, variable-interest entities, repurchase agreements, and the valuation of a complex portfolio of derivatives.
Prior to founding Accounting Policy Plus, Ms. Mills was a managing director at Morgan Stanley, where she oversaw the financial reporting and accounting policy departments. In that role, she spearheaded major policy implementation initiatives and met regularly with senior policymakers at the US Securities and Exchange Commission (SEC), the Federal Reserve System, the US Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC), the Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB). Ms. Mills also advised business units on structuring trades, oversaw SEC reporting and accounting compliance, and developed comprehensive training in generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) for all finance personnel. She held a similar role at Merrill Lynch, where she also implemented a Sarbanes-Oxley governance framework and designed internal control requirements. Ms. Mills is a certified public accountant (CPA).
Dr. Vigil specializes in the application of economics and finance to complex commercial litigation matters. His work includes the estimation of damages and unjust enrichment in intellectual property (IP), breach of contract, and false advertising cases; the evaluation of patented drug products’ commercial success in connection with generic manufacturers’ Abbreviated New Drug Application submissions to obtain early market entry; and the analysis of issues related to the granting of permanent injunctions, such as irreparable harm and causal nexus. Dr. Vigil has also analyzed issues related to domestic industry, remedy, and bonding on cases before the International Trade Commission.
Dr. Vigil has served as an expert witness on litigation matters in a variety of industries, including pharmaceuticals, medical devices, consumer products, telecommunications, computer hardware and software, and electronics. In non-litigation matters, he has assisted clients in valuing IP for sale or license; identifying and evaluating potential partners for licensing, acquisition, or divestiture of assets; and analyzing the impact of generic entry on prices and market shares of brand name pharmaceutical products.
Dr. Vigil is a member of the American Economic Association, the American Marketing Association, and the Licensing Executives Society, and is a frequent speaker on issues related to IP, valuation, and damages assessment. He has also taught courses in microeconomics and econometrics at the University of Maryland.
Professor Tadelis is an expert on e-commerce and the economics of the internet, industrial organization, and microeconomics, including game theory and auction theory. His work on e-commerce investigates online auctions and online bargaining, digital advertising, seller reputation and the determinants of trust, price salience, and algorithmic pricing. Professor Tadelis has also researched contract theory and design, with applications to outsourcing, privatization, strategic pricing, public and private sector procurement and award mechanisms, and strategic sourcing and pricing. He has been engaged by regulatory authorities and tech companies in a variety of investigations and litigation matters in both the US and Canada on topics such as consumer protection, pricing, and online advertising and has testified at deposition.
Professor Tadelis has a decade of experience working with online marketplaces and retailers. He served as a senior director and distinguished economist at eBay Research Labs, where he hired and led a team of economists focused on the economics of e-commerce, with particular attention to creating better matches of buyers and sellers; reducing market frictions by increasing trust and safety in eBay’s marketplace; understanding the underlying value of different advertising and marketing strategies; and exploring the market benefits of different pricing structures. He also served as vice president of economics and market design at Amazon, where he guided and supported economic analyses for business decisions across the company.
Professor Tadelis participated in the Federal Trade Commission’s 2018 hearings on “Competition and Consumer Protection in the 21st Century.” He testified on two panels: “Multi-Sided Platforms in Action” and “Nascent Competition: Is the Current Analytical Framework Sufficient?”
Professor Tadelis is the author of books on game theory and microeconomic theory, as well as a handbook chapter on two-sided e-commerce marketplaces and the future of retailing. He has published articles in and served on the editorial boards of leading economics, marketing, and management journals. He is a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research.