Matthew D. Cain
Ph.D., finance, Purdue University
Summary of Experience
Dr. Cain is an expert in securities litigation, corporate disclosures, M&A litigation, private equity, valuation, insider trading, and corporate governance. He has provided economic analysis, consulting, and expert witness testimony on a variety of finance topics for investigations, settlement negotiations, and trials. He has estimated event studies and trading profits in relation to allegations of insider trading, improper trading behavior, corporate misrepresentations and disclosures, and unregistered stock sales on behalf of the US Securities and Exchange Commission (SEC), US Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and other clients. Dr. Cain worked for several years at the SEC, where he was an advisor to Commissioner Jackson and a financial economist in the Office of Litigation Economics. Prior to joining the SEC, Dr. Cain was an assistant professor of finance at the University of Notre Dame Mendoza College of Business. He has published research in numerous journals on topics that include investment banking and fairness opinion valuations, merger contracts and terminations, corporate governance and shareholder activism, hostile takeovers, earnout clauses, merger-related litigation, and management buyouts. Dr. Cain’s research has been cited in forums such as the US Chamber Institute for Legal Reform, amicus briefs to the US Supreme Court, trial verdicts of the Supreme Court of the State of New York and the Delaware Chancery Court, and The International Comparative Legal Guide to Mergers and Acquisitions. His research has also been highlighted in media outlets such as The Wall Street Journal, The New York Times, the Financial Times, and Forbes.