NERA Provides Pro Bono Expert Witness Services on Behalf of the Legal Aid Society of New York

25 September 2008

New York/25 September 2008 -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, congratulates The Legal Aid Society of New York on its groundbreaking legal settlement with the State of New York to secure housing rights for homeless children and their families in the case of Yvonne McCain v. Michael Bloomberg.

NERA Vice President David Monk served as a pro bono expert witness for The Legal Aid Society for seven years, writing multiple affidavits and testifying before a 2003 Special Master Panel. Mr. Monk's testimony focused on the application review process and an assessment of New York City's eligibility determinations. The settlement includes provisions setting standards and protocols for assessing the City's performance in determining shelter eligibility for at least the next two years, including specific remedies that plaintiffs may seek if the city is found to be in "systemic non-compliance" with this settlement.

NERA fosters a corporate environment that supports and encourages its consultants to use their industry skills and expertise to assist with cases that are important to the public at large. The firm is proud of the pro bono work Mr. Monk provided on this case and the role he played in assisting The Legal Aid Society in securing this important settlement.

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.