Meet a Team
Florida State Board of Administration v. Alliance Capital Management
In a landmark trial victory, a Florida jury found Analysis Group client Alliance Capital Management (ACM) not liable for the losses incurred by the Florida Retirement System pension fund as a result of the investment firm’s investments in Enron stock. Alliance Capital had invested a portion of the Florida pension fund's money in Enron stock, and the fund lost more than $280 million when Enron collapsed. The Florida State Board of Administration (FSBA) sued Alliance for more than $1 billion in damages for allegedly failing to sufficiently research Enron and for not following an agreed-upon investment strategy. Analysis Group was retained by defense counsel for Alliance.
During a two-year period, Managing Principal Mark Egland led a case team supporting six external experts – Patricia Chadwick, Ronald Gilson, R. Glenn Hubbard, Michael Koehn, John Lacey, and Laura Starks – who provided consulting and testimony in the areas of portfolio management, accounting, corporate compliance control, corporate governance, and damages. After evaluating expert testimony from the plaintiffs and the defense, the jury found Alliance Capital not liable on all counts. The jury also ruled that Alliance was entitled to recover advisory fees from the FSBA.
Team Members by Project
General Oversight and Coordination of Experts
Examination of the of the Securities Industry, Stock Selection, and Portfolio Management
Corporate Governance/Compliance
Financial Accounting Analysis
Modern Portfolio Theory & the Economics of Liability
Rebuttal of Plaintiffs' Damages Analysis
Microsoft Private Litigations
On behalf of our client Microsoft, we led a team providing economic support in numerous private state and federal overcharge class actions. Many of these cases were consolidated under Federal Judge Motz, in Baltimore, Maryland, while others proceeded independently of this multi-district litigation, through state courts with trials in Minnesota and Iowa.
Our work in this litigation spanned a number of discrete case issues, involving many experts and a variety of tasks, beginning before discovery and lasting through settlement negotiations. We identified and supported academic experts in a broad range of disciplines, including information technology, the software industry, survey design, industrial organization, pricing, antitrust liability, and damages.
Team Members by Project
General Oversight and Coordination
Information Technology/Value of Standards
Examination of the Economics of the Computer Software Industry
Rebuttal of Plaintiffs' Damages Analysis