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William Hrycay specializes in expert analysis relevant to bankruptcy litigation and litigation pertaining to complex securities. He has performed analyses in complex litigations related to bankruptcies, valuation disputes, derivative securities, mergers and acquisitions, and other complex financial matters.

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Mr. Hrycay’s areas of expertise include analysis of the following: business enterprise valuation, equity valuation of public and privately held companies, analysis of debt and synthetic credit ratings, valuation of options, warrants, and complex financial instruments, structured products and credit derivative instruments, financial benchmarking, analysis of business plans as prepared by company management, investment banks, consultants, or other third parties for reasonableness and reliability, and use of illiquidity and marketability discounts and premium for controlling interest, as applicable Prior to joining NERA, Mr. Hrycay was a Vice President at Duff & Phelps in its Dispute Consulting Practice. While there, he managed numerous projects related to litigation pertaining to bankruptcy, fraudulent conveyance, mergers and acquisitions, mortgage-backed securities, fairness opinions, business valuations, joint ventures, lost profits, management options, and cross-border intercompany debt. He also managed other projects concerning valuation of carve outs, liquidity stress testing for financial institutions, goodwill impairment testing, purchase price allocations, and tax valuations. Mr. Hrycay is a Chartered Financial Analyst® (CFA®) charterholder.


  • MBA in finance, New York University
  • BA in economics, Wesleyan University


  • Chartered Financial Analyst (CFA)