Brattle Principals Torben Voetmann and Paul Hinton and Senior Associate Matthew Aharonian recently co-authored an article published on Law360, “Battle of the Experts: The Focus on Event Studies in Class Certification.”
A new report authored by Brattle economists evaluates the economic benefits of the Electric Reliability Council of Texas’ (ERCOT) proposed Future Ancillary Services (FAS) design.
Brattle Academic Advisor Stuart Brotman has been named the inaugural Herb Howard Distinguished Professor of Media Management and Law by the College of Communication and Information (CCI) at the University of Tennessee.
Brattle Principal Adoria Lim contributed to Practice Points, a publication of the ABA’s Securities Litigation Committee, on the use of non-GAAP measures.
Brattle principal Peter Fox-Penner, a leading expert in energy policy, sustainability, and business strategy, will join Boston University’s Questrom School of Business as a Professor of the Practice, effective January 1, 2016.
Brattle economists recently addressed the impact of country risk on the quantum of damages in investment arbitration.
As illustrated by the recent decision in the US Department of Justice’s case against American Express, insistence can be a critical issue in deciding an antitrust case.
Brattle principals Adoria Lim and Yvette Austin Smith recently authored the article “The unaccounted cost of accounting – sounding terms in purchase agreements,” published in the December 2015 issue of Financier Worldwide.
Brattle principals Shaun Ledgerwood and Paul Hinton recently authored the article “D.C. Circuit Clarifies that SEC Need Not Show Market Impact in Manipulation Cases” for the American Bar Association’s Securities Litigation Committee.
Brattle economists Pallavi Seth and Kevin Neels have recently written an article that examines the types of evidence required to show injury to a domestic industry from trade secret misappropriation before the U.S. International Trade Commission (ITC).
A study by Brattle principals Mark Berkman and Dean Murphy finds that Upstate New York’s three nuclear energy power plants contribute approximately $3.16 billion to the state’s gross domestic product (GDP), account for nearly 25,000 full-time jobs (direct and indirect), and provide other significant economic and societal benefits.
David Sunding, a principal of The Brattle Group and professor at the University of California, Berkeley, provided expert testimony on behalf of Anadarko Petroleum Corporation in the recently concluded penalty phase stemming from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
Brattle principal Michael Cragg and associate David Hutchings recently published an article in Tax Notes discussing an economic framework for determining the tested party under the standard comparable profit method (CPM) for transfer pricing. Their proposed framework is consistent with the guidance under both the OECD guidelines and U.S. tax law.
Brattle principal Peter Fox-Penner has authored a letter to the editor published in the November 20, 2015 issue of the Financial Times that discusses the significant cost advantages of utility-scale solar PV technologies.
Brattle academic advisor Joshua Gans recently published “Mergers and Disruptive Innovation” in the Autumn 2015 edition of Hogan Lovells’ Global Media and Communications Quarterly.
Brattle principals Paul Hinton and Shaun Ledgerwood have contributed to Practice Points, a publication of the ABA’s Securities Litigation Committee, on the topic of the recent Coscia verdict and enforcement trends in high-frequency trading markets.
Brattle senior associate Pavitra Kumar and Brattle principal Torben Voetmann recently published an article in Event Study Tools, which illustrates the use of traditional and intraday event studies in securities litigation.
Senior associate Pallavi Seth has been appointed as Vice-Chair of the International Trade Commission (ITC) Committee in the American Bar Association’s (ABA) Section of Intellectual Property Law (ABA-IPL) for the upcoming 2015-2016 membership year.
The Brattle Group announced today that accounting and finance expert Adoria Lim has joined the firm’s San Francisco office as a principal.
Brattle associate Rand Ghayad recently contributed a chapter on long-term unemployment (LTU) as part of the newly released book, Transforming U.S. Workforce Development Policies for the 21st Century.
The Brattle Group has been recognized as one of the best consulting firms to work for in Europe in the 2016 Vault Consulting 25 Europe.
A report by Brattle associate Roger Lueken on slow growth in energy storage was recently published in Energy Policy. The paper, “Is inexpensive natural gas hindering the grid energy storage industry?” was co-authored by Eric Hittinger of Rochester Institute of Technology.
The Brattle Group is proud to sponsor Fordham University School of Law’s 42nd Annual Conference on International Antitrust Law and Policy, taking place October 1-2, 2015 in New York, NY.
Brattle principal Mark Berkman served as the damages expert for the Choctaw Nation and Chickasaw Nation case against the U.S. Department of the Interior (DOI).
Brattle principals Yvette Austin Smith and Torben Voetmann and senior associate David McKnight recently co-authored an article in the American Bar Association’s Deal Points journal on a recent appraisal case in the Delaware Court of Chancery which reaffirmed that S corporations enjoy a valuation premium relative to C corporations.
Brattle principals Michael Vilbert and Joseph Wharton recently co-authored an article on decoupling in August/September 2015 issue of The Electricity Journal.
A November 2014 Brattle report was recently featured in a Utility Dive article discussing the possibility of Texas market rules holding back utilities from deploying cost-effective energy storage.
Brattle Principals Lisa Cameron and Steven Herscovici recently assisted in preparing an amicus brief in support of defendants-appellants Warner Chilcott Company, LLC in In Re: Loestrin 24 FE Antitrust Litigation, an antitrust case that is currently before the United States Court of Appeals for the First Circuit.
The Brattle Group has been recognized as one of the 10 best consulting firms to work for in the 2016 Vault Consulting 50. For the second consecutive year, Brattle ranked seventh overall, the highest among all economic consulting firms.
Economists at The Brattle Group have authored a report that provides an independent analysis of the potential economic impacts of Boston’s proposed bid to host the 2024 Summer Olympic Games.
Brattle principals Michael Cragg and Evan Cohen, associate Jehan deFonseka, and research analyst Ryan Tholanikunnel recently authored the article, “Corporate Inversion Transactions: Valuation Considerations,” featured in the July edition of Tax Notes International.
Principal Jürgen Weiss co-authored an article for the July 2015 issue of The Economists’ Voice that assesses the benefits and costs for utilities in waiting or hurrying when taking climate change mitigation measures.
Brattle principal Michael Cragg and associate Rand Ghayad recently co-authored a research paper in The Economists’ Voice Journal, “Growing Apart: The Evolution of Income vs. Wealth Inequality,” addressing the negative impact of tax inequality on the economy and society.
The Brattle Group is pleased to announce that we have opened an office in Toronto, allowing us to respond quickly and effectively to the legal and business challenges facing our Canadian clients.
Economists at The Brattle Group have released an updated study showing that transmission investment in the United States will remain strong over the next decade, with a projected $20 billion investment required annually over the next several years and at least $120 billion to $180 billion needed over the next decade.
Brattle principal Coleman Bazelon contributed to the recently-released report, “A Strategy for Active Remote Sensing Amid Increased Demand for Radio Spectrum,” carried out for NASA by the National Academies of Sciences, Engineering, and Medicine.
A study released by economists at The Brattle Group finds that utility-scale solar photovoltaic (PV) systems in the U.S. are significantly more cost effective than residential-scale (rooftop) PV systems as a vehicle for achieving the economic and policy benefits of PV solar.
Brattle principal Yvette Austin Smith recently provided successful valuation testimony in a combined breach of fiduciary duty and appraisal matter before the Delaware Court of Chancery in the case Owen vs. Lynn Cannon et al.
A report released by economists at The Brattle Group finds that the United States’ nuclear energy plants contribute $60 billion annually to gross domestic product (GDP), in addition to other economic and societal benefits.
Brattle principal Dr. Lisa Cameron and academic advisor Professor Joshua Gans have co-authored an article for Law360 on how to quantify a branded pharmaceutical company’s beliefs about patent strength and expected patent life in reverse payment settlement cases.
A new report authored by principals Jürgen Weiss and Bruce Tsuchida finds that the integration of high levels of variable renewable energy into the electric grid is both technically feasible and can be managed without compromising reliability of electric power service.
Brattle principal William Zarakas has authored the article, “Growth Prospects and Shifting Electric Utility Business Models: Retail, Wholesale and Telecom Markets,” appearing in the June 2015 issue of The Electricity Journal.
A whitepaper authored by Brattle principal Coleman Bazelon and senior associate Giulia McHenry finds that more than 350 additional megahertz (MHz) of licensed spectrum is needed by 2019 to support projected commercial mobile wireless demand in the U.S.
Brattle principals Ahmad Faruqui and Ryan Hledik and research analyst Wade Davis recently authored the article, “The Emergence of Organic Conservation,” published in the June issue of The Electricity Journal.
Brattle principal Ahmad Faruqui was recently quoted in the Public Utilities Fortnightly article, “High Stakes at the High Court: U.S. Supreme Court to decide demand response case,” discussing how the U.S. Supreme Court will decide whether demand response services will be regulated by the federal government or by state utility commissions.
In the recently released decision from the United States Court of Federal Claims, Judge Wheeler sided with Brattle client Starr International Co. Inc., finding that that the Federal Reserve overstepped its authority by taking 79.9 percent of AIG’s equity as a condition of its loan to AIG. This element of the decision echoed testimony of Brattle principal Dr. Michael Cragg, which was restated in the opinion.
Senior Associate Pavitra Kumar recently published an article investigating the association between select hedge fund characteristics and persistence in positive and negative abnormal returns. The article, “Hedge Fund Characteristics and Performance Persistence: Evidence from 1996-2006,” was published in Volume 5, No. 2 of the Quarterly Journal of Finance (June 2015).
The Brattle Group has been selected to provide an independent analysis of the potential impacts of the 2024 Summer Olympic and Paralympic Games being hosted in Boston.
Brattle principal Yvette Austin Smith recently participated in a panel discussion on valuation issues in mergers and acquisitions (M&A) for an article that appeared in the June 2015 issue of Financier Worldwide.
Brattle principal Bin Zhou recently co-authored an article published in Bloomberg BNA, “The Implications of Transfer Pricing in Bankruptcy,” in which the authors discuss the lessons learned from transfer pricing arrangements featured in the allocation of liquidation proceeds in Nortel’s bankruptcy trials.
Brattle principals Dan Harris, Richard Caldwell, and Alexis Maniatis recently authored an article on pre-award interest rates and the significant impact they can have on damages awards the longer the legal process takes.
In a closely-watched pharmaceutical antitrust case, Brattle client Warner Chilcott prevailed in a motion for summary judgment against Mylan Pharmaceuticals. Mylan, which produced a generic version of Warner Chilcott’s branded acne medication Doryx, alleged that Warner Chilcott had acted anticompetitively by product hopping. A Brattle team led by principals Steve Herscovici and Lisa Cameron worked closely with attorneys from White & Case in providing analytical support for four different experts.
Consultants at The Brattle Group have been retained by Ferrovie dello Stato Italiane (FS), the Italian State Railway, to serve as an advisor for the railway’s privatization process.
Brattle principals Paul Hinton and Mark Sarro, associate Rand Ghayad, and Kevin Rosenberg of Lowenstein & Weatherwax recently co-authored an article on Law360, “Big Data’s Big Impact In Financial Investigations,” which describes the challenges in detecting trade-based money laundering (TBML) for financial institutions, other businesses, and law enforcement.
Brattle senior associate Pablo Ruiz, also research associate professor at Boston University, was recently featured in Popular Science for leading a team of researchers in an effort to address congestion on the nation’s transmission grid, which increases costs and potentially reduces reliability.
Brattle consultants assisted counsel for Manitowoc Cranes in analyzing the economic prong of the domestic industry requirement in a case before the International Trade Commission (ITC).
A decision reached by the Courts' regarding the allocation of Nortel's $7.3 billion liquidation proceeds relied heavily on the findings by Brattle experts.
Relying on testimony by Brattle principal Professor Daniel McFadden, New York Federal District Judge Shira Scheindlin recently granted in part a Daubert motion to exclude the class certification testimony of Plaintiffs’ expert in an antitrust class action against the MLB and NHL professional sports leagues. As a result of this decision, class certification with respect to past damages was denied.
Stewart Myers, Brattle principal and Robert C. Merton (1970) Professor of Financial Economics at the Massachusetts Institute of Technology, was recently awarded the 2015 Onassis Prize for Finance from the Cass Business School, part of City University London.
Brattle principal Coleman Bazelon and senior associate Giulia McHenry recently prepared a report for CTIA—The Wireless Association that estimates spectrum licensed to U.S. wireless carriers generates more than $400 billion annually.
Brattle principals Andrew Abere and Pinar Bagci authored an article on cartel damages in the EU that was published in the April-June 2015 issue of Corporate Disputes.
Brattle associate David Luke Oates co-authored an article published in the April 2015 issue of The Electricity Journal that examines the economic effects of state cooperation under the Environmental Protection Agency’s (EPA) proposed Clean Power Plan.
Brattle academic advisor and Harvard Law School faculty member Stuart Brotman recently prepared a report that analyzes a new approach for assessing a country’s broadband Internet capabilities.
A report released by Brattle economists finds that U.S. transmission planning processes need to more fully recognize the benefits of enhanced transmission to protect consumers from the high costs and risks of an inadequate and insufficiently flexible grid.
Brattle principals Gerald Taylor, Shaun Ledgerwood, Romkaew Broehm, and Peter Fox-Penner have authored a book that provides insights and an analytical framework for understanding the legal and economic nuances associated with energy market manipulation. Market Power and Market Manipulation in Energy Markets: From the California Crisis to the Present will be published in April 2015 by PUR Inc.
Brattle consultants have recently authored an article for the April 2015 issue of Public Utilities Fortnightly that examines whether the implementation of inclining block rates (IBRs) on energy prices leads to energy conservation.
Brattle principal Mark Berkman and research analyst Stephen Lagos contributed to a recent Bay Area Council Economic Institute report, “Surviving the Storm,” examining questions about the economic impact of potential extreme storm events in northern California.
Brattle academic advisor and Miami University professor John Bowblis provided expert testimony in the Collins v. Kodak tying case before the U.S. District Court in Cincinnati. The court’s finding in that case was recently affirmed by the U.S. Court of Appeals for the Sixth Circuit. Dr. Bowblis’ report was directly cited in the appellate court’s decision.
A report recently released by Brattle economists finds that the deployment of grid-integrated distributed electricity storage in Texas could provide substantial net benefits to the power system in ERCOT and its electricity customers. The report evaluates whether storage could be cost-effectively deployed from the perspectives of retail customers, wholesale electricity market participants, and the combined system or “society as a whole” while maintaining wholesale power prices that continue to support necessary generation investments.
Brattle academic advisor Aaron Edlin, a professor of law and economics at the University of California, Berkeley, recently co-authored the article “Letting Dentists Feel the Bite of Competition,” published in the Wall Street Journal.
Brattle principal David Sunding recently served as the damages expert for the state of Nebraska in the U.S. Supreme Court case, State of Kansas v. State of Nebraska and State of Colorado, in which Kansas sought more than $80 million in damages from Nebraska for taking more than its share of water from the Republican River Basin.
Economists from The Brattle Group recently completed a study on dietary trends and the rising rates of obesity in the United States. The report finds that Americans are facing a substantial increase in obesity, despite general adherence to the nutrition advice of the American Heart Association and the United States Departments of Agriculture and Health and Human Services.
Empirical literature documents that acquirers of public targets earn zero or negative announcement period returns, while acquirers of both private and subsidiary targets earn positive returns. Brattle principal Torben Voetmann recently co-authored a paper in the Journal of Corporate Finance that attempts to explain this differential.
Consultants at The Brattle Group recently assisted ERCOT in improving its long term transmission planning process.
Brattle consultants released a report analyzing concerns raised by the North American Electric Reliability Corporation (NERC) in its Initial Reliability Review (IRR) about the impact of the Environmental Protection Agency’s (EPA) proposed Clean Power Plan (CPP) for reducing carbon emissions.
Brattle associate Neil Lessem was recently featured in a Washington Post article that discusses the various motivations that consumers have when it comes to energy conservation and how these motivations may vary with political or ideological beliefs.
Brattle principal Dr. Andrew Abere contributed to an amicus curiae brief submitted by the Patents and Antitrust Committees of the New York City Bar Association (NYCBA) in a case currently before Supreme Court that proposes that the Court overrule its 1964 decision in Brulotte v. Thys Co. in which it held that a royalty agreement that extends beyond the expiration of the patent term is unlawful per se.
The Brattle Group has announced that Joshua Gans has joined the firm’s network of internationally renowned experts as an academic advisor.
Brattle principal Bruce Tsuchida recently authored an article that was published in the February 2015 issue of North American Wind Power. The article, “What the Islands Can Teach Us About Hybrid Energy,” discusses how adopting hybrid systems such as those found in the Caribbean islands can help accommodate more renewable resources while also increasing grid resiliency.
Principal Jürgen Weiss has authored an article for the January 2015 issue of Electricity Policy’s Electricity Daily that discusses Germany’s transition away from fossil fuel generation toward renewable energy. In particular, Dr. Weiss’ article examines the lessons from Germany’s experience that can be applied to the U.S.
Principal Ahmad Faruqui has been featured in a recent Washington Post article that examines the reasons why smart meters have yet to transform energy consumption habits.
Brattle economists Lisa Cameron and Steven Herscovici recently assisted in preparing an amici curiae brief in support of the defendants-appellants Actavis PLC and its subsidiary, Forest Laboratories LLC, in an antitrust case in the United States Court of Appeals for the Second Circuit.
Principals Ahmad Faruqui and Ryan Hledik have authored a report for the Salt River Project (SRP) that provides an evaluation of SRP’s proposal to introduce a new rate for residential customers who are planning to install distributed generation (DG) capability. Through their evaluation of the SRP proposal, the authors identify a way to restore fairness in rate design for DG customers that may be of interest to all utilities with residential DG customers.
Brattle consultants have co-authored a study for the Independent Electricity System Operator that provides an impact evaluation of Ontario’s province-wide roll-out of Time-of-Use (TOU) rates for its residential and general service customers.
The Brattle Group is pleased to announce the promotion of Toby Brown, Ryan Hledik, and Kathleen Spees to principal.
The Brattle Group Prizes for best papers in Corporate Finance for 2014, judged to be exceptional by the associate editors of The Journal of Finance, were awarded at the 2014 American Finance Association's Annual Meeting in Boston, MA on January 3-5, 2015.
Brattle principal Jürgen Weiss was recently featured in the Climate Change Business Journal discussing how Clean Power Plan (CPP) compliance strategies based on renewable power will be integrated with renewable energy credit (REC) markets.
Brattle principals Paul Hinton and Michael Cragg recently co-authored an article for the January 2015 issue of Financier Worldwide that discusses how the technological evolution of the U.S. equity market’s microstructure and competitive forces may have combined to produce this paradox, the implications for market performance, and the dilemma this poses for regulators.