Dr. Jordan Milev
Senior Consultant
Education
PhD in economics, Yale University
MA and MPhil in economics, Yale University
BA in economics and mathematics, summa cum laude with Distinction in economics, Amherst College
Experience
Dr. Milev is a Senior Consultant in NERA's Securities and Finance Practice and specializes in performing expert analysis relevant to SEC and DoJ investigations, hedge fund litigation, securities class actions, and international arbitration disputes. He has performed analyses in several complex cross-border securities litigations involving issuers in Canada, Germany, Switzerland, India, and The Netherlands.
Dr. Milev has submitted affidavit testimony on the question of net revenue derived from a broker's stock loan position.
His areas of expertise include:
- Analysis of hedge fund holdings and trading strategies
- Conducting event studies and evaluating materiality and loss causation
- Analysis of the price impact of block trades
- Quantifying illiquidity and marketability discounts for valuing restricted stock
- Evaluating market efficiency
- Developing class conflict arguments related to class certification
- Analyzing D&O liability exposure and reasonableness of settlements
- Valuing options, warrants, and complex financial instruments
Dr. Milev has particular expertise in parsing the component of stock price movement due to unanticipated earnings announcements. His dissertation, "Genetic Programming Techniques for Identifying Structural Models Applied to the Earnings-Returns Relation," details his development of a model for how stock prices react to unanticipated accounting earnings.
Dr. Milev earned his PhD in economics from Yale University, where he taught sections of undergraduate courses in microeconomics and econometrics. He holds BA degrees in mathematics and in economics from Amherst College.
Languages
Bulgarian
English
French
German
Russian
