The Brattle Group answers complex economic, regulatory, and financial questions for corporations, law firms, and governments around the world. Brattle is distinguished by the clarity of its insights and the credibility of its experts, which include leading international academics and industry specialists. Brattle’s clients rank among the world’s best performing and most admired public and privately held companies, law firms, and industry organizations, working for more than 80 of the AM LAW 100 and more than 100 of the Fortune Global 500. The firm also advises U.S. and international regulatory and government agencies. With nine offices and more than 300 staff around the world, Brattle provides local support and a global perspective. The firm has locations in Cambridge, New York, San Francisco, Washington, DC, Toronto, London, Madrid, Rome, and Sydney.
Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex litigation and regulatory proceedings. The firm works with an extensive network of prominent faculty and industry practitioners to identify the best-qualified expert for each assignment. Cornerstone Research has earned a reputation for consistent high quality and effectiveness by delivering rigorous, state-of-the-art analysis for over twenty-five years. The firm has 600 staff and offices in Boston, Chicago, London, Los Angeles, New York, San Francisco, Silicon Valley, and Washington.
Proskauer is a global law firm recognized for its excellence both in practicing law and serving clients. We are trusted advisors to many of the world’s top companies, financial institutions, investment funds, not-for-profit institutions, governmental entities and other organizations across industries and borders. With 700+ lawyers in 13 offices and approximately 50 areas of practice, we have the capabilities, experience and creativity to guide our clients through their most important legal and business challenges.
Dr. Fabricio Nunez is a Senior Associate at The Brattle Group. He has corporate and consulting experience in finance, valuation, and trading. He has assisted corporations and government agencies in investigations of market manipulation in commodity and financial markets. He has also consulted extensively on matters involving fixed income instruments in the U.S. and international markets. Before Brattle, he was at Cargill’s energy trading group, where he developed trading strategies in physical and financial energy products. He was also part of Cargill’s global capital markets group, where he was involved in asset liability management, interest rate, commodity and currency hedging functions.
Dr. Nunez holds a Ph.D. in Applied Economics and a Master of Public Policy from the University of Minnesota and a B.S. in Economics and Business Administration from Universidad de Chile.
Shaun Ledgerwood is an economic expert in the analysis of trading and hedging strategies in energy, commodity and financial markets, and in the enforcement and litigation of market manipulation claims. As a former economist and attorney for the Office of Enforcement for the FERC, he evaluated manipulative behavior within and across wholesale energy markets and related futures and derivatives contracts. Dr. Ledgerwood is the author of several published articles and a book on the definition, detection and analysis of manipulative trading behavior. He regularly presents on this topic at conferences and professional meetings.
Dr. Ledgerwood has developed an economic framework for evaluating allegedly manipulative trading and uses this to assist clients in maintaining compliance, surveillance and for prosecuting or defending against enforcement actions and related lawsuits brought under antitrust principles or the anti-manipulation rules of the CFTC, FERC, SEC, or equivalent provisions in the EU. Dr. Ledgerwood is presently engaged as an expert in several such actions. He has testified as an expert witness before state utility commissions and in federal court on matters involving liability, damages and valuation. He taught graduate level classes in microeconomic theory, regulation, law and economics, antitrust, remedies and public policy for the University of Oklahoma and Georgetown University.
Yan Cao specializes in finance and financial accounting. Dr. Cao has expertise assessing issues related to market efficiency, valuation, derivatives, trading behavior, and risk management in a range of complex litigation, as well as in regulatory and internal inquiries. Her experience covers matters involving securities, bankruptcy, corporate transactions, and tax controversies. She also applies financial accounting analysis to a variety of issues, including those related to financial instruments.
Dr. Cao’s case experience has covered a range of industries, spanning healthcare, pharmaceutical/biotech, real estate, telecommunications, and energy, with a particular focus on banking, insurance, broker-dealers, and other financial institutions. Dr. Cao has led large teams and worked with multiple experts in all stages of the litigation process. Her work includes substantial trial experience.
Brian L. Friedman is a senior counsel in the Litigation Department and a member of the Financial Services Group and Securities Litigation Group. He regularly represents clients in a variety of complex matters, including litigations, investigations and enforcement proceedings in the financial services area, contract disputes and business torts. His practice includes matters in state and federal courts, and in domestic and international arbitrations. A significant portion of Brian’s practice is dedicated to representing and counseling major brokerage firms, FCMs and other leading financial institutions in a wide variety of areas, including securities and commodities litigations, investigations and enforcement proceedings, arbitrations and mediations, compliance issues and regulatory controversies. Representative matters include state and federal suits regarding short selling practices, securitization disputes, as well as multiple investigations by SEC, CFTC, FINRA and NYSE regarding electronic trading, surveillance, email retention and other issues.