Paul Hinton
Vice President
Education
MPP, John F. Kennedy School of Government, Harvard University
BA in engineering science, Oxford University
Experience
Mr. Hinton works on a wide range of advisory and testifying engagements. He has over 15 years' experience in securities and finance litigation, commercial and contract disputes, bankruptcy, and product liability cases. He has testified in litigation and in legislative committee. Prior to joining NERA, Mr. Hinton worked in Project Finance at Morgan Grenfell, and at the European Commission.
In securities litigation, Mr. Hinton develops analyses to provide an empirical basis for assessing liability, causation, and damages. These cases often demand event study analysis to quantify the impact of company-specific and market-wide events on securities prices. Other finance, banking, and commercial litigation cases have involved fiduciary claims, the valuation and analysis of the performance of a variety of assets and liabilities, entire business operations, complex derivative securities, specific disputed contractual terms, and embedded intellectual property.
Mr. Hinton's specific experience directing securities and finance cases includes:
- Analyzing the relative performance of structured covered bonds, mortgage backed securities, and FHLB Advances through the credit crisis
- Conducting an event study to measure the effect on Fannie Mae’s cost of funds of certain accounting misstatements
- Valuing a portfolio of REITs and a pipeline of property development projects in connection with alleged fraudulent misrepresentation of current and future earnings
- Analyzing alleged underpayment of a merger premium resulting from representations that the transaction would result in a "merger of equals"
- Estimating lost profits associated with the breach of a supply agreement and reasonable royalties associated with the use of certain patents
- Separating the effect on the stock price of an alleged untimely disclosure from the effect of unrelated news about company earnings using an analysis of the expected sensitivity of stock prices to earnings announcements (earnings-response coefficients)
- Quantifying the impact on reputation and brand value of a health scare on a cruise operator through observing the stock price drop and recovery for a sample of firms affected by similar brand events
In product liability cases, Mr. Hinton has estimated the value of future personal injury claims associated with silicone breast implants, asbestos, building defects, and pharmaceuticals. He has provided product liability valuation analysis in connection with corporate risk management, bankruptcy estimation, insurance coverage disputes, fraudulent conveyance actions, corporate litigation, and policy analysis.
Mr. Hinton's specific experience directing product liability cases includes:
- Forecasting future asbestos personal injury claim liabilities and modeling the effect of alternative litigation strategies
- Modeling the cost of no-fault compensation alternatives to litigation for resolving pharmaceutical personal injury claims
- Implementing a series of case studies to support a policy analysis of homebuilder liability reform
- Estimating the indemnity cost and opt-out rates from a proposed settlement trust to compensate injuries related to Dow Corning breast implants
- Analyzing the value of insurance coverage for future personal injury claims and modeling the effects of alternative insurance allocation rules
- Analyzing potential worldwide asbestos liability exposure of an international mining company that was a possible acquisition target
Mr. Hinton has published in professional journals and regularly presents at conferences and professional meetings.
Mr. Hinton received his BA in engineering science from Oxford University in the UK and his Masters in Public Policy from the John F. Kennedy School of Government at Harvard University, where his studies included economics and finance.
