Lucy P. Allen is Managing Director at NERA Economic Consulting. At NERA, Ms. Allen directs projects in securities, finance, and the economics of product liability. She has performed valuations of privately-held companies, subsidiaries, and thinly-traded securities, and has assessed liability, materiality, and damages in over 100 securities litigation cases. She has analyzed issues related to subprime lending, ERISA claims, and alleged market manipulation and insider trading including complex financial instruments such as credit derivatives. In the area of tort economics, she has estimated the number and value of claims likely to arise from allegedly defective or harmful products, including asbestos, medical products, and building materials.
Ms. Allen’s recent experience includes expert testimony in the healthcare, banking, information technologies, consumer products, telecommunications, and oil and gas industries.
Ms. Allen has a long history of testifying in high profile cases, including testifying as Halliburton’s expert for the securities class action that went to the Supreme Court twice. She has testified at trials in Federal District Court, Bankruptcy Court, before the American Arbitration Association and the Judicial Arbitration Mediation Service, and in depositions. In the area of finance and securities, she has testified on issues including:
- Market efficiency, class conflicts, and other issues regarding class certification
- Loss causation, materiality, and damages
- Settlement values in securities class action suits
Before joining NERA, Ms. Allen was a staff economist at the Council of Economic Advisers for both President George H.W. Bush and President Clinton, providing economic analysis on regulation and health care policy issues. Prior to that, she worked as a management consultant for five years, where she formulated marketing, organization, and overall business strategies for clients in a broad range of industries.
Ms. Allen earned an A.B. degree from Stanford University, an M.B.A. with a concentration in finance and accounting from Yale University and M.A. and M.Phil. degrees in Economics also from Yale University.