David K.A. Mordecai Advised Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC and its Client, The Anschutz Corporation, in a Multi-Million Dollar Securities Dispute

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David K.A. Mordecai, President of Risk Economics® and Compass Lexecon affiliate, advised Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC and its client, The Anschutz Corporation, in a multi-million dollar securities dispute against a global banking institution and certain credit rating agencies. The dispute involved substantial investment losses related to a series of structured instruments which employed Auction Rate Securities to fund a complex structured transaction which involved Asset Swaps, Medium Term Notes, and Credit Linked Notes referencing the returns underlying a Leveraged Supersenior tranche of a CDS index.

Dr. Mordecai was assisted in his analysis by Compass Lexecon’s David Ross and Peter Clayburgh, as well as a support team which included George Hickey, Quinn Johnson, and Agustina Levy. The dispute was settled on favorable terms for the client.

David Mordecai is President and Co-Founder of Risk Economics®, a New York City based advisory firm. The Risk Economics® litigation advisory practice provides advisory services and testimonial expertise on complex issues related to financial instrument valuation models and frameworks, market and industry standards and practices for the financing, risk management, active trading, and hedging of OTC derivatives and structured products. Dr. Mordecai is Senior Advisor to and a Member of the Advisory Committee of Compass Lexecon.

As lead for the Risk Economics® litigation and arbitration advisory practice, David serves as an expert on loss causation and economic damages related to market structure, financial institutions governance, and complex issues related to finance, economics and market standards and practices within securities, derivatives, reinsurance, and commodities markets, as well as market structure within a broad range of non-financial industry sectors. His expertise includes industrial and financial engineering, the valuation of fixed income securities and structured products, including over-the-counter derivatives (in particular fixed income and credit derivatives), complex insurance and reinsurance liabilities, as well as asset liability and risk management models and practices. Having testified extensively at deposition, trial, arbitration and international arbitration, he has been admitted as an expert in federal, state and county courts, and cited favorably in court decisions.

See Compass Lexecon 2012 Newsletter.