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Bradley A. Heys

Director

Contact

Toronto
Tel: +1 416 868 7312
Fax: 1 416 815 3332

New York City
Tel: +1 212 345 2691
Fax: +1 212 345 4650

Email: brad.heys@nera.com
vCard: Download

Education

Completed coursework for PhD in economics, University of Toronto
JD, University of Toronto
MA, economics, Queen's University
Chartered Financial Analyst® (CFA®) charterholder
Certified Fraud Examiner (CFE)

Experience

Bradley Heys is a Director and a member of NERA Economic Consulting’s Securities and Finance Practice and its Intellectual Property Practice. He is also the leader of the firm’s Toronto office. Mr. Heys has expertise in the valuation of businesses, securities, and intellectual property, as well as with financial investigations, finance, and economics. His experience spans a wide range of industries, including minerals and mining, oil and gas, financial services, manufacturing, technology, telecommunications, pharmaceuticals, real estate, and food and beverage.

Mr. Heys has been qualified as an expert and provided testimony for matters before the Ontario Superior Court (Commercial List), the Federal Court of Canada, the Alberta Securities Commission, and the Copyright Board of Canada.

In the context of shareholder class actions and criminal and quasi-criminal securities enforcement cases, Mr. Heys has advised clients and provided testimony on issues related to market efficiency, materiality, loss causation, and damages. He has been retained as an expert for class actions and enforcement matters in both Canada and the US, and has provided expert reports and testimony before securities regulatory tribunals and for class actions. He has authored several publications related to securities litigation and is lead author of NERA's annual Trends in Canadian Securities Class Actions study.

Mr. Heys has also provided expert evidence for complex commercial disputes and bankruptcy-related litigation across North America. His work in these cases has included addressing issues regarding the quantification of damages, the valuation of business interests, and the valuation of intellectual property for matters involving allegations of breach of contract and commercial torts. Notable bankruptcy-related matters for which he has provided advice include the bankruptcies of Nortel Networks and Cengage.

In the area of intellectual property, Mr. Heys has performed valuations of copyrights, patents, and trademarks and conducted reasonable royalty rate assessments and damage quantifications for commercial litigation, administrative proceedings, and tax purposes. He has valued portfolios of copyrights in textbooks, license rights for written works, music, and software, and has performed reasonable royalty rate determinations for commercial litigation matters and for tax purposes.

In addition, Mr. Heys has conducted financial investigations in matters involving allegations of fraud, including high-profile cases related to the bankruptcies of the Stanford Investment Bank and Enron. He has also conducted investigations and advised clients on economic issues in the context of consumer and price-fixing class actions. Mr. Heys has provided economic advice to aboriginal groups in relation to land claims and related disputes.

Prior to joining NERA, Mr. Heys worked for an investment advisory firm where he developed quantitative hedge strategies. He is a Chartered Financial Analyst (CFA®) and a Certified Fraud Examiner (CFE). He holds a JD from the University of Toronto and an MA in economics from Queen's University, and he has completed the coursework for a PhD in economics at the University of Toronto. He taught the graduate-level economics course, Economic Analysis of Law, at the University of Toronto for 10 years.

Title Type Author
Trends in Canadian Securities Class Actions: 2016 Update Report By Bradley A. Heys & Robert Patton
Trends in Canadian Securities Class Actions: 2015 Update Report By Bradley A. Heys and Mark L. Berenblut
Trends in Canadian Securities Class Actions: 2014 Update; The Docket Continues to Gro... Report By Bradley A. Heys, Jacob Dwhytie, and Mark L. Berenblut
Trends in Canadian Securities Class Actions: 2013 Update; Filings Steady, Law in Flux... Report By Bradley A. Heys, Jacob Dwhytie, and Mark L. Berenblut
Trends in Canadian Securities Class Actions: 2012 Update Pace of Filings and Settleme... Report By Bradley Heys and Mark L. Berenblut
Estimating Damages in Canadian Shareholder Class Actions Published Article By Bradley A. Heys
Trends In Canadian Securities Class Actions: 2011 Update Report By Bradley Heys and Mark L. Berenblut
Economic Analysis of Materiality for Canadian Securities Litigation Working Paper By Bradley A. Heys
In Re Coventree Inc.: Subjective Determinations of Materiality and the Requirement fo... Working Paper By Bradley A. Heys
Trends in Canadian Securities Class Actions: 2010 Update Report By Bradley A. Heys, Tara K. Singh, and Mark L. Berenblut