Case
United States v. Cioffi
In a high-profile trial that garnered widespread media attention, Analysis Group was retained by Brune & Richard LLP and Williams & Connolly LLP on behalf of two former Bear Stearns hedge fund managers facing criminal securities fraud charges in relation to the 2007 collapse of two Bear Stearns funds that had been heavily invested in collateralized debt obligations, including subprime instruments. A US District Court jury acquitted both defendants. Managing Principals Maureen Chakraborty, Lisa Pinheiro, and Marc Van Audenrode; Principal Jimmy Royer; and affiliate Michael Koehn supported testifying expert R. Glenn Hubbard, dean emeritus of Columbia Business School, in the evaluation of the investment strategies, portfolio composition, and performance of the funds. Dean Hubbard delivered expert testimony in the trial, and was credited in the subsequent media coverage for the effectiveness of his testimony.
Meet Our People
Marc Van Audenrode*
Managing Principal*Dr. Van Audenrode is an expert in data analysis and econometrics, labor economics, antitrust and competition policy, and public economics. He has consulted to clients - including law firms and government agencies - in Canada, the US, and Europe. Dr. Van Audenrode’s work includes developing a methodology to value desktop software; he also developed expertise valuing goods as varied as restaurant franchises, executive stock options, or smartphone features. His recent work in public economics includes evaluating the economic rent from hydroelectricity to the Canadian economy and the value of logging rights on the ancestral territory of a Canadian First Nation. In the area of labor economics, his work has included filing an expert report assessing fair compensation for Quebec provincial judges and Quebec prosecutors and advising Quebec’s commission on pay equity. Dr. Van Audenrode has filed expert reports in courts in the US, Canada, Belgium, Germany, France, and the Netherlands, and has testified in Canada and the US. He recently filed a report with the Amsterdam Court of Appeal in support of the settlement reached between Ageas and claimant organizations in the Fortis case, the largest settlement ever reached through the Dutch Collective Settlement Act (WCAM). Dr. Van Audenrode’s scientific research and articles have been published in numerous peer-reviewed academic journals and trade journals. He is a coauthor of the book The Mutual Fund Industry: Competition and Investor Welfare, and is a frequent presenter at industry and academic conferences.
*Marc Van Audenrode srl