Our Practice Areas
Our Practice Areas
Since 1989, Forensic Economics has been recognized as a world-class independent consulting firm providing and supporting expert witness testimony. Our experts have testified in the United States, Canada, Australia, Switzerland, and the United Kingdom on issues involving the following practice areas:
Appraisal and breach actions, especially in the Delaware Court of Chancery
Market efficiency, materiality, loss causation, and damages for securities claims
Calculation of lost profits from contract and business disputes
High-profile civil and criminal actions involving allegations of insider trading
Investment mismanagement, transfer pricing, valuation of intellectual property, wrongful dismissal, and antitrust
The expert witnesses and senior staff members at Forensic Economics specialize in financial and economic theory and its applications. All of our expert witnesses and senior staff members have at least a master’s degree in finance or economics, while several hold professional designations and have taught undergraduate or graduate-level courses in finance, economics, and mathematics.
"It is undisputed that Mr. Torchio is a well qualified expert. His analysis is thorough, and his methods are supported by references to academic literature and industry practices…"
"…the court has no reason to believe Mr. Torchio’s analysis fails to employ the same level of intellectual rigor that characterizes the practice of an expert in the relevant field."
Our Track Record
in Class Action Settlements
in Contested Mergers
The outside expert witnesses consulted by Forensic Economics are academic leaders in finance and economics. Our independent outside expert witnesses are tenured professors at highly-ranked universities and are well published in their fields (see our Publications Archive).
"I find that, as a general matter, [Gregg] Jarrell was more credible and his analysis is more likely to result in a fair value of Ancestry… I am largely adopting the methodology advanced by Jarrell…"
"The testimony of Professor Jarrell, which the Court finds to be credible, served to successfully discredit the methodologies employed by [opposing expert]…The Court finds [opposing expert’s] testimony to be of no value to the Court’s findings."
"Although the Court adopts Professor Jarrell’s opinion, the Court notes that it reviewed the report and testimony of Plaintiffs’ expert . The Court rejects [Plaintiffs’ expert's] conclusion... The Court finds Professor Jarrell to be more credible."
"Jarrell, under questioning by the Court, was refreshingly candid…"
"…this Court finds [Gregg Jarrell] was a highly credible and competent appraisal witness…"
"Jarrell‘s [defendant’s expert] DCF valuation addressed the central question of fairness presented by this case. Jarrell made reasonable and plaintiff-friendly assumptions, yet his valuation still did not generate any return for the common. His work provided helpful input on the issue of fair price."
In The Press
“That presentation, which is several hundred pages, goes through each stock that [Defendant] is accused of obtaining inside information about and stiches together an argument for those trades having been executed using publicly available information...During cross-examination, his confidence on the stand appeared to cause tension with the prosecutor…”
“For much of the case, the information presented has felt scattered and somewhat disparate. At times, it has been easy to lose sight of which claimed tip came from where and what exactly the reported illicit trades were...[Professor] Jarrell’s presentation marshaled all those disparate elements in unison…”
"Jarrell, a University of Rochester Simon Business School professor, showed the jury a PowerPoint presentation that streamlined more than 100,000 news and analysts reports and millions of trades...."
“On Friday, Gregg A. Jarrell, a finance professor at the University of Rochester’s graduate business school, meticulously took jurors through a variety of [Defendant's] trades, showing chart after chart of information he said was publicly available information, not illegal tips.”
"Jarrell produced hundreds of pages of brilliantly illustrated slides, which stand in stark contrast to prosecutors’ monochromatic tables, bolstering the defense’s argument that the information was widely reported by press outlets and stock analysts.”
“On Friday, Gregg A. Jarrell, a professor of finance and economics at the University of Rochester, and defense lawyer Terence Lynam systematically debunked the accusations.”
In addition to the Securities and Exchange Commission, U.S. Department of Justice, and the Internal Revenue Service,
Forensic Economics and its experts have been retained by over 200 of the country’s top law firms.
In The News
Forensic Economics and its experts are regularly in the news as a result of their academic research and publications,
participation in conferences and expert panels, and most importantly, their clients’ successes