| Selected Casework Highlights |
| American Business Financial Services Bankruptcy |
2005 |
| Consultant to collateralized
bondholders on company valuation of interest-only strips retained
from sub-prime mortgage securitizations. |
| Bear Stearns Securities Corporation vs. Paragon
Financial, Inc. |
2005 |
| Testimony regarding
characteristics of mortgage inverse floaters purchased in margin accounts
by a hedge fund manager. |
| Securities and Exchange Commission vs.
Beacon Hill, et al. |
2003-2004 |
| Wrote expert report for the
SEC in an action concerning a large and highly leveraged "market
neutral" fixed income hedge fund that failed in the declining
interest rate environment of 2002. |
| American Savings Bank vs. UBS PaineWebber |
2002-2003 |
| Wrote expert report on behalf
of plaintiffs in a matter involving the sale to a bank of “restructured”
equity classes from collateralized loan obligations (CLO's). |
| TVT Records vs. Thelen Reid & Priest |
2003 |
| Damages expert on behalf of
plaintiffs in a matter involving copyright issues in a securitization
of songwriter and catalog royalties. |
| Richardson et al vs. Morgan Stanley Dean
Witter |
2001 |
| Engaged to write expert report
concerning risk and disclosure issues in the sale of a subordinate
tranche of a collateralized loan obligation (CLO). |
| ABF Capital Management, et al. v. Askin
Capital Management, et al. |
1999-2000 |
| Prepared expert report and
deposition testimony in investor lawsuit stemming from the failure
of the Askin hedge funds in 1994. |
| Securities and Exchange Commission v.
MGSI Securities |
1999 |
| Expert witness in SEC enforcement
action against a brokerage firm that sold high risk mortgage
derivative securities to the treasurer of a Montana county. |
| Securities and Exchange Commission v.
Piper Jaffray, et al |
1999 |
| Expert witness in SEC Enforcement
Division action against Piper Jaffray for the management of
the Intermediate Institutional Government Bond Fund. |
| National Guardian Life vs. Crestar Securities |
1999 |
| Expert report in a lawsuit
against a broker that participated in a round-robin trading
scheme that resulted in falsely inflated sales of mortgage derivative
securities. |
| Community Hospital of Springfield, Ohio
vs. Kidder Peabody |
1998 |
| Expert testimony in an NASD
arbitration involving suitability, excessive trading, and markup
claims stemming from mortgage derivative security sales to a
not-for-profit community hospital |
| California Ironworkers vs. Loomis Sayles |
1998 |
| Expert witness in an ERISA
lawsuit brought by a pension fund against a money manager that
invested a portion of the labor union employee benefit trusts
in high-risk derivative securities. |
| Irvine Ranch Water District vs. Merrill
Lynch |
1998 |
| Expert report on behalf of
plaintiffs in lawsuit stemming from losses incurred by an investor
in the 1994 Orange County Investment Pool bankruptcy. |
| University of Minnesota vs. Piper Jaffray |
1997 |
| In an NASD arbitration, assessed
the interest rate and liquidity risks of Piper Jaffray's investment
strategy in the management of University funds. |
| The City Colleges of Chicago vs. Westcap
Securities |
1996 |
| Expert testimony in federal
bankruptcy court concerning risks inherent in derivative securities
purchased for the operating fund of Chicago's community
college system. |
| Gilbert, et al. v. EMG Advisors, et al. |
1996 |
| Prepared expert report on
behalf of plaintiffs assessing the suitability of high-risk
securities and the diligence of the money manager in an ERISA-related
matter. |
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