Dr. Branko Jovanovic is a senior consultant in The Brattle Group’s securities and finance practice. He specializes in providing economic analysis and expert testimony in the areas of securities and finance, and consumer protection across a wide range of industries.
Dr. Jovanovic has assisted numerous clients in responding to formal investigations and requests for data and analyses from regulatory entities such as the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), offices of State Attorneys General, and self-regulating organizations such as Financial Industry Regulatory Authority (FINRA) and U.S. stock exchanges. He has provided testimony before the SEC, the International Chamber of Commerce’s International Court of Arbitration, the American Arbitration Association, and in various federal and state courts.
He has extensive experience in analyzing the determinants of loan performance for residential mortgages and for financial instruments collateralized by residential mortgages, and evaluating credit rating determinants and valuation of debt issuances. He has expertise in estimating the damages that arise in complex litigation, shareholder class actions, and ERISA class actions.
Dr. Jovanovic’s research has been published in Review of Income and Wealth, Economics of Transition, and the World Bank Economic Review. He has also been published in forums such as the Law360 Securities section. He has lectured at continuing legal education forums, and taught graduate econometrics at New York University and John Hopkins University. He holds a Ph.D. in Economics from Texas A&M University.
Served as a consulting expert for a company facing the FTC investigation examining liability and damages relating to allegations that the multi-level marketing business model was a pyramid scheme. The analysis included evaluating claims that the company overstated marketers' potential earnings.
For Securities and Exchange Commission v. Houston American Energy Corp., built time series models of returns and volatility to assess securities’ price responsiveness to new information allowing for time-varying market volatility, and provided expert report and rebuttal expert report.
Addressed issues of efficiency and materiality in numerous Security Class Action cases using sophisticated econometric models.
Assessed allegations of “spoofing” and “layering” in equity and option trading by a high frequency trader.
Conducted analyses of an ETF share creations and redemptions and addressed the allegations of ETF price manipulation Finance Regulatory and Internal Investigations Finance Regulatory and Internal Investigations.
Magic Hours Prod., Inc. v. TIME of My Life Pty Ltd, ICDR Case No. 50 140 T 00647 11. Arbitration appearance and expert report. Opined on damages stemming from violation of certain contractual rights.
Joseph v. Hogan, No. 06-CV-1042 (E.D.N.Y. 2006). Declaration, deposition testimony, expert report and rebuttal report. Opined on specific aspects of the sampling methodology developed by the Plaintiff’s expert.
Tabbane v. Colgate Palmolive Serv. (ICC 2008). Expert report and rebuttal expert report. Opined on the Claimant's experts' methodology for estimating damages arising from the termination of a business relationship.
Houston American Energy Corp., the Securities and Exchange Commission Administrative Proceeding File No. 3-16000. Expert report and rebuttal expert report. Evaluated the materiality of several alleged misrepresentations in the defendants’ public filings.
Testing for Materiality in Volatile Markets
January 14, 2010
Published in Securities Law360: Litigation, Policy & People News
Branko lives in Washington, DC with his husband and son, and their dog and two cats. He enjoys entertaining friends and family, knitting and travelling. Branko is a member of Washington, D.C. LGBT Bar Association.
Texas A&M University, Ph.D. in Economics, Concentration in Labor Economics, Econometrics and Public Finance
Central European University, M.A. in Economics
University of Belgrade, B.S. in Economics