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In the aftermath of the financial crisis, the FDIC has filed lawsuits against directors and officers (D&O) of approximately one-quarter of failed banks. While the number of bank failures has been declining, the number of D&O lawsuits is on the rise. Typical D&O lawsuits allege failure to satisfy duties of loyalty and care and attempt to develop evidence of unsafe and unsound banking practices, poor loan underwriting policies and practices, and/or dishonest conduct and abusive transactions with insiders.
Clients rely on NERA to perform detailed and objective analysis on regulatory, risk management, accounting, and D&O duty issues in the context of bank litigation. Our experts have significant bank supervision and policy-making experience, as well as direct experience working for banking organizations. This background allows for a comprehensive and definitive expert assessment of the reasonableness of bank strategies, lending practices, accounting, and regulatory compliance. Additionally, given NERA's well-established economic, research, and analysis capabilities we are able to comprehensively assess all the potential factors contributing to a given bank's failure, to ensure that D&O decisions are considered in the proper context without hindsight bias.
Name | Title | Location | Phone | |
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Dr. Patrick Conroy | Managing Director | New York City | +1 212 345 1466 | patrick.conroy@nera.com |
Dr. Ling Ling Ang | Associate Director | New York City | +1 212 345 5409 | lingling.ang@nera.com |
Ivelina Velikova | Senior Consultant | New York City | +1 212 345 1160 | ivelina.velikova@nera.com |
Dr. Marcia Kramer Mayer | Affiliated Consultant | New York City | +1 212 345 2196 | marcia.mayer.affiliate@nera.com |
Title | Date | |||
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New York City Bankruptcy Conference | 22 May 2019 | |||
13th Annual Conference on Empirical Legal Studies | 09 November 2018 | |||
Officer and Director Liability | 05 December 2017 | |||
5th Annual Securities Litigation & Enforcement Institute | 01 March 2017 | |||
Financial Institutions Litigation Conference 2014 | 21 October 2014 | |||
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Title | Date | Type | ||
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NERA Economic Consulting Opens Office in Milan, Italy | 19 November 2019 | Press Release | ||
2018 US Securities Class Action Filings Break New Records; NERA Economic Consulting R... | 29 January 2019 | Press Release | ||
Record Increase in 2017 US Securities Class Action Filings Driven by Merger-Objection... | 30 January 2018 | Press Release | ||
NERA Economic Consulting Opens Office in Miami, Florida | 14 November 2017 | Press Release | ||
Record Increase in 2016 US Securities Class Action Filings Driven by Merger-Objection... | 24 January 2017 | Press Release | ||
NERA Authors Contribute to The Handbook of Mortgage-Backed Securities, 7th Edition | 18 October 2016 | Press Release | ||
NERA Economic Consulting Announces Senior-Level Promotions | 13 October 2016 | Press Release | ||
NERA Economic Consulting Recognized in Who’s Who Legal: Consulting Experts Guide | 06 October 2016 | Press Release | ||
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