Compass Lexecon

Chairman: Daniel R.­­ Fischel

President: Mark A. Israel

Chair of EMEA Practice: Jorge Padilla

Senior Managing Directors & Co-Heads of EMEA practice: Lorenzo Coppi, Neil Dryden, Kirsten Edwards-Warren

Number of employees: 850+

Offices: 22

Languages: Arabic, Chinese (Cantonese), Chinese (Mandarin), Danish, Dutch, Finnish, French, German, Hebrew, Hindi, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish

Other language capabilities: Afrikaans, Albanian, Bengali, Bosnian ,Bulgarian, Catalan, Croatian, Czech, Farsi (Persian), Filipino, Galician, Greek, Hungarian, Icelandic, Lithuanian, Macedonian, Malay, Nepali, Norwegian, Romanian, Serbian, Sinhalese, Slovak, Turkish, Ukranian, Urdu

Overview & History:

Compass Lexecon is a world-leading economic consultancy advising law firms, government bodies, and corporations across all industries on complex economic and finance matters. The firm provides exceptional quality economic insight in legal and regulatory proceedings, strategic decisions and public policy debates. Established in 1977, Compass Lexecon has over 850 professional staff, including 200+ Ph.D. economists based in 22 offices globally.

Compass Lexecon’s practices are led by world-renowned economic thinkers. These include six former chief economists of the Department of Justice Antitrust Division and former chief economists at the European Commission, the Hong Kong Competition Commission, the UK Competition Commission (now CMA), the Federal Trade Commission, the Federal Communications Commission, and the Securities and Exchange Commission. The firm also maintains relationships with many high-profile academic affiliates, including Nobel Prize winners.

Compass Lexecon’s economists have advised clients in matters before regulatory agencies and courts in over 90 jurisdictions and worked for 84% of the current Fortune 100 companies. Compass Lexecon has been named Competition Economics Firm of the Year by Who’s Who Legal in each of the 9 years since WWL added this category; and the firm has ranked as one of the world’s leading economic consultancies in each of the last 18 years since GCR began releasing its rankings.

Services:

• Accounting Litigation

• Antitrust & Competition: Conduct

• Antitrust & Competition: Damages

• Antitrust & Competition: Mergers

• Auctions

• Bankruptcy & Financial Distress Litigation

• Class Certification

• Corporate Governance

• Damages

• Bankruptcy & Financial Distress Litigation

• Class Certification

• Corporate Governance

• Damages

• Data Science

• Derivatives & Structured Finance

• ERISA Litigation

• Intellectual Property

• International Arbitration

• International Trade

• Labor & Employment

• Mergers & Acquisition Litigation

• Policy & Regulation

• Pro Bono

• Securities & Financial Markets

• State aid

• Tax Services

• Valuation & Financial Analysis

Antitrust & Competition: Conduct

Compass Lexecon advises on the economics of anti-competitive agreements between competitors; anti-competitive agreements between suppliers and customers; exclusionary conduct such as through tying and bundling, predatory pricing, conditional rebates; and exploitative conduct, excessive pricing, and unfair trading.

• Swedish Competition Authority Closes Dominance Investigation Into Insurance Company Folksam (https://www.compasslexecon.com/cases/swedish-competition-authority-closes-dominance-investigation-into-insurance-company-folksam/)
• Compass Lexecon Client Mylan Prevails on Summary Judgment in EpiPen Antitrust Litigation (https://www.compasslexecon.com/cases/compass-lexecon-client-mylan-prevails-on-summary-judgment-in-epipen-antitrust-litigation/)
• Expert’s Economic Evidence is Relied Upon in Landmark Supreme Court Judgment in the Interchange Fee Litigation (https://www.compasslexecon.com/cases/compass-lexecon-experts-economic-evidence-is-relied-upon-in-landmark-supreme-court-judgment-in-the-interchange-fee-litigation/)
• Mylan Prevails on Summary Judgment in EpiPen Antitrust Litigation (https://www.compasslexecon.com/cases/compass-lexecon-client-mylan-prevails-on-summary-judgment-in-epipen-antitrust-litigation/)

Antitrust & Competition: Damages

Compass Lexecon economists estimate potential damages from alleged or proven antitrust infringements, for both defendants and claimants. An integral part of their role involves constructing the counterfactual scenario to understand the impact of the conduct on prices, output, and profits of market participants.

• Pan-European Trucks Cartel Claims (https://www.compasslexecon.com/cases/compass-lexecon-advises-defendants-in-pan-european-heavy-truck-manufacturers-damages-litigation/)
• Compass Lexecon Client Sutter Health Prevails in $1.2 Billion Antitrust Jury Trial (https://www.compasslexecon.com/cases/compass-lexecon-client-sutter-health-prevails-in-1-2-billion-antitrust-jury-trial/)

Antitrust & Competition: Mergers

Compass Lexecon reviews horizontal and vertical mergers and acquisitions across virtually every industry, with analyses tailored to the relevant jurisdiction(s) and regulatory regime(s). The firm advises on the competition aspects of transactions from conception to completion.

• Compass Lexecon Clients Microsoft and Activision Prevail in Landmark Merger Case (https://www.compasslexecon.com/cases/compass-lexecon-clients-microsoft-and-activision-prevail-in-landmark-merger-case/)
• Pfizer Completes $43 Billion Acquisition of Seagen (https://www.compasslexecon.com/cases/pfizer-completes-43-billion-acquisition-of-seagen/)
• Compass Lexecon Advises in Thermo Fisher Scientific/PPD Global Merger (https://www.compasslexecon.com/cases/compass-lexecon-advises-in-thermo-fisher-scientific-ppd-global-merger/)
• ADI/Maxim Merger Received Unconditional Approval in All Relevant Regulatory Jurisdictions (https://www.compasslexecon.com/cases/adi-maxim-merger-received-unconditional-approval-in-all-relevant-regulatory-jurisdictions/)
• Compass Lexecon Advises in Unconditional Clearance of UK Telecoms Merger Liberty Global/Telefónica (https://www.compasslexecon.com/cases/compass-lexecon-advises-in-unconditional-clearance-of-uk-telecoms-merger-liberty-global-telefonica/)
• European Commission Issues Conditional Clearance for Alstom’s acquisition of Bombardier (https://www.compasslexecon.com/cases/european-commission-issues-conditional-clearance-for-alstoms-acquisition-of-bombardier/)
• European Commission Issues Conditional Clearance at Phase II for PKN Orlen’s Merger With Lotos (https://www.compasslexecon.com/cases/european-commission-issues-conditional-clearance-at-phase-ii-for-pkn-orlens-merger-with-lotos/)
• Compass Lexecon Client Prevails in VHA/TPG Merger (https://www.compasslexecon.com/cases/compass-lexecon-client-prevails-in-vha-tpg-merger/)
• Compass Lexecon Client American Airlines Prevails in Antitrust Trial (https://www.compasslexecon.com/cases/compass-lexecon-client-american-airlines-prevails-in-antitrust-trial/)
• DOJ Closes Investigation of Compass Lexecon Client Salesforce’s Acquisition of Slack (https://www.compasslexecon.com/cases/doj-closes-investigation-of-compass-lexecon-client-salesforces-acquisition-of-slack/)
• Compass Lexecon Clients Prevail in Sprint/T-Mobile Merger Trial (https://www.compasslexecon.com/cases/compass-lexecon-experts-assist-airlines-in-historic-25-billion-payroll-support-agreement-with-u-s-treasury-department/)
• AT&T/Time Warner Merger (https://www.compasslexecon.com/cases/compass-lexecon-clients-prevail-in-sprint-t-mobile-merger-trial/)
• Fiat Chrysler Automobiles/PSA Group (https://www.compasslexecon.com/cases/compass-lexecon-advises-in-the-fiat-chrysler-automobiles-n-v-peugeot-s-a-phase-ii-merger-approved-by-the-european-commission-with-conditions/)

Bankruptcy & Financial Distress Litigation

Combining broad academic expertise in related areas, including credit and lending, valuation, accounting, finance, deal structure, economics, and industrial organization, with an amalgam of industry and marketplace familiarity, Compass Lexecon economists and consultants help senior creditors, Boards of Directors, and management teams successfully navigate litigation within the distressed landscape.

• Lehman Brothers Holdings Multibillion Dollar Claims Estimation Proceeding (https://www.compasslexecon.com/cases/compass-lexecon-client-lehman-brothers-holdings-prevails-in-multibillion-dollar-claims-estimation-proceeding/)
• $1 Billion Chrysler Dealers Takings Litigation (https://www.compasslexecon.com/cases/compass-lexecons-client-the-united-states-prevails-in-1-billion-chrysler-dealers-takings-litigation/)
• Compass Lexecon Client U.S. Bank Prevails as Court Approves RMBS Settlement (https://www.compasslexecon.com/cases/compass-lexecon-client-u-s-bank-prevails-as-court-approves-rmbs-settlement/)

Class Certification

• Compass Lexecon’s Client Jimmy John’s Defeats Motion for Class Certification in Fast Food No-Poach Case (https://www.compasslexecon.com/cases/compass-lexecons-client-jimmy-johns-defeats-motion-for-class-certification-in-fast-food-no-poach-case/)
• Favorable Results for Compass Lexecon Clients General Motors and Polaris in Two Widely Publicized Class Action Product Defect Cases (https://www.compasslexecon.com/cases/favorable-results-for-compass-lexecon-clients-general-motors-and-polaris-in-two-widely-publicized-class-action-product-defect-cases/)

Damages

• California Court of Appeal Affirms Victory and $3 Billion Damages Award for Compass Lexecon Client Hewlett-Packard (https://www.compasslexecon.com/cases/california-court-of-appeal-affirms-victory-and-3-billion-damages-award-for-compass-lexecon-client-hewlett-packard/)
• Compass Lexecon’s Clients Prevail in Rare Holder’s Claim Securities Fraud Jury Trial (https://www.compasslexecon.com/cases/compass-lexecons-clients-prevail-in-rare-holders-claim-securities-fraud-jury-trial/)

Derivatives & Structured Finance

Compass Lexecon advises in cases regarding the operation and structure of markets, valuation of financial instruments, disputes over the rights of different classes of securities holders and derivatives counterparties, disputes concerning credit assessments, cash flow waterfall modeling, and analysing complex structured financial instruments.

• Deutsche Bank National Trust Company Prevails as Court Approves RMBS Settlement (https://www.compasslexecon.com/cases/compass-lexecon-client-deutsche-bank-national-trust-company-prevails-as-court-approves-rmbs-settlement/)
• The Bank of New York Mellon in Trustee Litigation Trial (https://www.compasslexecon.com/cases/complete-victory-for-compass-lexecon-client-the-bank-of-new-york-mellon-in-trustee-litigation-trial/)

Intellectual Property

Building on principles of economics and finance, Compass Lexecon professionals have deep experience valuing intellectual property, estimating damages resulting from infringement of intellectual property, and determining reasonable royalty rates for patents, trademarks, copyrights, and trade secrets.

• Court rules in favor of Google in intellectual property dispute (https://www.compasslexecon.com/cases/court-rules-in-favor-of-google-in-intellectual-property-dispute/)
• Huawei Prevails on FRAND Issues in Chinese Court (https://www.compasslexecon.com/cases/compass-lexecon-client-huawei-prevails-on-frand-issues-in-chinese-court/)

International Arbitration

Compass Lexecon provides authoritative analysis in complex arbitration cases involving multinational parties. Economists and financial experts deliver independent economic analysis, valuation opinions, damages assessments, regulatory opinions, expert reports, and arbitration testimony.

• NextEra Awarded €292 Million in Investment Arbitration Dispute (https://www.compasslexecon.com/cases/compass-lexecons-client-nextera-awarded-e292-million-in-investment-arbitration-dispute-against-spain/)
• ConocoPhillips Awarded $8.7 Billion in Damages by ICSID (https://www.compasslexecon.com/cases/compass-lexecon-client-conocophillips-awarded-8-7-billion-in-expropriation-of-crude-oil-assets-in-venezuela/)

Labor & Employment

• Compass Lexecon Experts Assist Airlines in Historic $25 Billion Payroll Support Agreement with U.S. Treasury Department (https://www.compasslexecon.com/cases/compass-lexecon-experts-assist-airlines-in-historic-25-billion-payroll-support-agreement-with-u-s-treasury-department/)

Mergers & Acquisition Litigation

• Compass Lexecon Client Elon Musk Prevails as Delaware Court Rejects Shareholder Challenge to SolarCity Acquisition (https://www.compasslexecon.com/cases/compass-lexecon-client-elon-musk-prevails-as-delaware-court-rejects-shareholder-challenge-to-solarcity-acquisition/)
• Favorable Results for Compass Lexecon Client in Anthem-Cigna Merger Litigation (https://www.compasslexecon.com/cases/favorable-results-for-compass-lexecon-client-in-anthem-cigna-merger-litigation/)

Pro Bono

• Compass Lexecon’s Pro Bono Client, the Estate of George P. Floyd, Reaches Historic $27 Million Wrongful Death Settlement (https://www.compasslexecon.com/cases/compass-lexecons-pro-bono-client-the-estate-of-george-p-floyd-reaches-historic-27-million-wrongful-death-settlement/)
• Compass Lexecon Makes Critical Contribution to Colorado Attorney General’s Findings That Aurora Police Engages in Racially Biased Policing (https://www.compasslexecon.com/cases/compass-lexecon-makes-critical-contribution-to-colorado-attorney-generals-findings-that-aurora-police-engages-in-racially-biased-policing/)

Securities & Financial Markets

Compass Lexecon pioneered the application of modern finance theory to securities fraud, insider trading, market manipulation, and other forms of securities litigation. It is a leader in the use of statistical methods in securities litigation and the study of financial markets.

• ExxonMobil Prevails in Landmark Climate Change Securities Fraud Trial (https://www.compasslexecon.com/cases/compass-lexecon-client-exxonmobil-prevails-in-landmark-climate-change-securities-fraud-trial/)
• Compass Lexecon’s Client MAPS Achieves Total Victory in $5.8 Billion Acquisition Dispute (https://www.compasslexecon.com/cases/compass-lexecons-client-maps-achieves-total-victory-in-5-8-billion-acquisition-dispute/)

Valuation & Financial Analysis

Compass Lexecon economists are proficient in the full spectrum of standard valuation methods, including discounted cash flow analysis models and comparable company/comparable transaction methodologies. With expertise in using market evidence, they can provide insight in cases where standard valuation methods may be less appropriate.

• Compass Lexecon Clients Obtain Total Defense Victory in Massive Regency Unitholder Litigation (https://www.compasslexecon.com/cases/compass-lexecon-clients-obtain-total-defense-victory-in-massive-regency-unitholder-litigation/)
• Channel Medsystems Prevails Against MAE Claim (https://www.compasslexecon.com/cases/compass-lexecon-client-channel-medsystems-prevails-against-mae-claim/)
• Compass Lexecon Clients, The Founders and Former Executives of the Tinder Dating App, Settle Valuation Dispute for $441 Million (https://www.compasslexecon.com/cases/compass-lexecon-clients-the-founders-and-former-executives-of-the-tinder-dating-app-settle-valuation-dispute-for-441-million/)