William P. Hrycay



New York City
Tel: +1 212 345 1518
Fax: +1 212 345 4650

Email: william.hrycay@nera.com
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MBA in finance, New York University
BA in economics, Wesleyan University
Chartered Financial Analyst® (CFA®) charterholder


Mr. Hrycay is an expert in NERA's Global Securities and Finance Practice. He 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.

His 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
  • 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 earned his MBA in finance from New York University and is a CFA® charterholder. He earned a BA in economics from Wesleyan University.

Title Type Author
What Happened to SVB? Not a 2008 Repeat Story White Paper Dr. Faten Sabry, William Hrycay, and Sungi Lee
Fair Value, Transaction Price, and Common Equity Price in Delaware Appraisal Litigati... Published Article William P. Hrycay
An Economist's View of Market Evidence in Valuation and Bankruptcy Litigation Working Paper Dr. Faten Sabry and William Hrycay
Title Date Type
NERA Economic Consulting Announces Associate Director Promotions 05 August 2019 Press Release