David K.A. Mordecai, President of Risk Economics and Compass Lexecon affiliated expert, filed multiple expert reports in a multimillion dollar unjust enrichment and unfair insurance trade practices dispute. This dispute centered on Plaintiff’s claim that Defendants charged “grossly excessive” insurance premiums on municipal bonds issued by the city of Phoenix, Arizona. Dr. Mordecai was retained by Patterson Belknap Webb & Tyler LLP and Proskauer Rose LLP and their clients, Ambac Assurance Corporation and MBIA Insurance Corporation, Inc. This matter was settled on favorable terms for the clients. Dr. Mordecai was assisted by David Gross, Peter Clayburgh, Laura Yergesheva, and Quinn Johnson in Compass Lexecon’s Chicago and Pasadena offices.
David K.A. Mordecai is President and co-founder of Risk Economics, a New York City based advisory firm, as well as Senior Advisor to and a Member of the Advisory Committee of Compass Lexecon. 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.
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.