News and Notes

Testimony Contributes to the Resolution of Breach of Contract Dispute

Principal Stuart D. Gurrea offered expert testimony assessing plaintiff’s damages claims in a breach of contract mortgage dispute on behalf of defendant financial institution. Dr. Gurrea’s testimony identified the flaws in plaintiff’s damages claims under a recission theory of damages and an expectancy theory of damages. The parties settled the case after Dr. Gurrea’s testimony.

Energy Law Journal Publishes Article by Secretariat Economists

Principal John R. Morris, Senior Economist Jéssica Dutra, and Economist Tristan Snow Cobb published “Alternative Measures of ‘Representative Market Prices’ for FERC Delivered Price Tests” in the May 2021 issue of Energy Law Journal. This article evaluates four practices for calculating representative market prices for the Federal Energy Regulatory Commission’s merger screening methodology. The paper concludes that the typical practice of using average historical market prices as the basis for estimating potential future prices is the least likely to accurately assess market power. Alternatives such as using historical median price levels, prices that accurately match generation levels, and prices consistent with simple dispatch model simulations more accurately assess market power.

Economists Included in Global Competition Review’s The International Who’s Who of Competition Lawyers and Economists 2021

Corporate Vice President and Principal David A. Argue, Senior Vice President Paul E. Godek, Principal Philip B. Nelson, Principal Keith Waehrer, Special Consultant and Director William C. Myslinski, and Special Consultant and Director Bruce M. Owen are included in the latest edition of The International Who’s Who of Competition Lawyers and Economists 2021. Principal Lona Fowdur has been named as a Future Leader.

Economists Appointed as ABA Young Economist Representatives

Senior Economists Jason Albert, Robert A. Arons, and Jéssica Dutra have been appointed to serve as Young Economist Representatives to the Mergers and Acquisitions Committee, Media and Technology Committee, and Economics Committee, respectively, during the 2021-2022 American Bar Association year.

The University of Toronto Appoints Laura Malowane Adjunct Lecturer in Economic Analysis of Law

Vice President Laura A. Malowane has been appointed adjunct lecturer in Economic Analysis of Law at The University of Toronto, Department of Economics. This course is taught to graduate students in the University’s combined JD/MA (Economics) program.