Lucy P. Allen Named Chair of NERA's Mass Torts and Product Liability Group

14 December 2007

NEW YORK/14 December -- NERA Economic Consulting, a leading global provider of economic research and analysis in business, legal, and regulatory matters, is pleased to announce Senior Vice President Lucy P. Allen's appointment as Chair of its Global Mass Torts and Product Liability Group.

NERA President Dr. Andrew Carron said: "All of us at NERA warmly congratulate Lucy, whose extensive experience and solid expertise in applying economic analyses to the challenges faced by our mass torts clients make her an excellent choice as Chair."

Ms. Allen directs projects in securities, finance, and the economics of product liability. 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 analyzed the claims of over 25 companies with asbestos exposure and allocated forecasted claims to insurance coverage for a number of cases.

Ms. Allen's work in forecasting product liability has been used in a variety of contexts, including to assist in the financial reporting of a company's liabilities or reserves; to assist in negotiated settlements, including commutations, involving insurance companies; in mergers and acquisitions, to assist the acquirer in evaluating potential exposure from the target; and to assist companies in estimating potential exposure from mass torts that have not yet emerged.

She has frequently testified as an expert in proceedings including depositions, arbitrations, and at trial. Ms. Allen holds a BA from Stanford University, an MBA from Yale University, and MA and MPhil degrees in Economics also from Yale University. Before joining NERA, she was a staff economist at the Council of Economic Advisers for both former President Bush and President Clinton, providing economic analysis on regulation and health care policy issues.

Additional biographical information, selected publications, and case experience for Ms. Allen may be found on the NERA website at: Expert Profile - Lucy Allen.

NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a unit of the Oliver Wyman Group, an MMC company.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.