Headshot

Lucy P. Allen

Managing Director

Contact

New York City
Tel: +1 212 345 5913
Fax: +1 212 345 4650

Email: lucy.allen@nera.com
vCard: Download

Education

MPhil and MA in economics, Yale University
MBA, Yale School of Management
AB, Stanford University

Experience

At NERA, Ms. Allen directs projects in securities, finance, and the economics of product liability. She has performed valuations of privately-held companies, subsidiaries, and thinly-traded securities, and has assessed liability, materiality, and damages in over 100 securities litigation cases. She has analyzed issues related to subprime lending, ERISA claims, and alleged market manipulation and insider trading including complex financial instruments such as credit derivatives.

Ms. Allen is the Chair of the Product Liability and Mass Torts Practice. In the area of tort economics, she has estimated the number and value of claims likely to arise from allegedly defective or harmful products, including asbestos, medical products, and building materials. She has been retained by insurance companies and assureds in matters involving insurance allocation.  

Ms. Allen's recent experience includes expert testimony in the healthcare, banking, information technologies, consumer products, telecommunications, and oil and gas industries. Ms. Allen has testified at trials in Federal District Court, before the American Arbitration Association and the Judicial Arbitration Mediation Service, and in depositions. In the area of finance and securities, she has testified on issues including:

  • Market efficiency, class conflicts, and other issues regarding class certification
  • Loss causation, materiality, and damages
  • Settlement values in securities class action suits
  • Valuation

Before joining NERA, Ms. Allen was a staff economist at the Council of Economic Advisers for both President George H.W. Bush and President Clinton, providing economic analysis on regulation and health care policy issues. Prior to that, she worked as a management consultant for five years, where she formulated marketing, organization, and overall business strategies for clients in a broad range of industries.

In the Economics Department at Yale, Ms. Allen concentrated in industrial organization and microeconomic theory and taught courses at the graduate and undergraduate levels in econometrics, microeconomics, and game theory.

Title Type Author
Snapshot of Recent Trends in Asbestos Litigation: 2017 Update Report Mary Elizabeth C. Stern and Lucy P. Allen
Asbestos: Economic Assessment of Bans and Declining Production and Consumption Report By Lucy P. Allen, Mary Elizabeth C. Stern, Jorge Baez, and Frank George
Snapshot of Recent Trends in Asbestos Litigation: 2016 Update Report Mary Elizabeth C. Stern and Lucy P. Allen
Update on Economic Analysis of Price Impact in Securities Class Actions Post-Hallibur... Brief Jorge Baez et al.
Snapshot of Recent Trends in Asbestos Litigation: 2015 Update Report Mary Elizabeth C. Stern and Lucy P. Allen
Snapshot of Recent Trends in Asbestos Litigation: 2014 Update Report By Mary Elizabeth C. Stern and Lucy P. Allen
Snapshot of Recent Trends in Asbestos Litigation: 2013 Update Report By Mary Elizabeth Stern and Lucy P. Allen
Asbestos Payments per Resolved Claim Increased 75% in the Past Year—Is This Increase ... Report By Mary Elizabeth C. Stern and Lucy P. Allen
Snapshot of Recent Trends in Asbestos Litigation: 2011 Update Report By Mary Elizabeth C. Stern, Lucy P. Allen, and Adelina Halim
Snapshot of Recent Trends in Asbestos Litigation: 2010 Update White Paper By Lucy P. Allen and Mary Elizabeth Stern