Eric Madsen

In the area of securities analysis, Mr. Madsen has consulted on various SEC Rule 10b-5, fraud-on-the-market, and similar matters by analyzing the statistical significance and attribution of stock price movements resulting from alleged wrongful company disclosures. In one matter, he analyzed contentions that a company’s decision to delist from the Nasdaq stock exchange and deregister its stock from the SEC caused economic harm to shareholders. His analysis considered the influence of confounding factors that affected the company’s stock price, including company announcements regarding dividend suspension, termination of its share re-purchase program, board member resignation, and declining financial performance.

Regarding economic damages, Mr. Madsen has assessed economic harm and lost profits in matters across diverse industries. For example, he computed economic damages allegedly suffered by city and county governments in a lawsuit against manufactures of opioid prescription drugs. In the oil and gas industry, he calculated economic damages that related from a client’s alleged repudiation of a contract to supply oil-based coating to a manufacturer of roofing products. The repudiation occurred after an oil supply glut in Cushing, Oklahoma, caused the WTI oil price index to depart from world oil prices (e.g., Brent), thereby affecting the contract’s pricing mechanism. In another matter, Mr. Madsen assessed economic damages arising from theft of trade secrets that allegedly occurred after a marketing company licensed its platform to another marketing company.

Mr. Madsen has also provided financial and economic expertise on many other types of cases, including misrepresentations and omissions in a business acquisition, alleged misrepresentations in collateralized debt obligations, transfer pricing for intellectual property, forensic investigation, class certification, copyright and patent infringement, environmental damages, and antitrust.

Before joining BRG, Mr. Madsen worked for privately held and publicly traded economics consulting firms. He is a Certified Public Accountant (California-inactive) and holds the Chartered Financial Analyst (CFA) designation. He holds an MBA from the UCLA Anderson School of Management and a bachelor’s degree in economics from Brigham Young University.