Dr. Steven Schwartz is a Managing Director at Secretariat. With extensive experience in economic consulting, he has been retained as an economic expert in numerous litigation and non-litigation matters and has provided testimony before the U.S. International Trade Commission and the U.S. Tax Court, federal and state courts.
Dr. Schwartz has over 35 years of economic consulting experience and has applied his expertise in high-stakes disputes related to commercial success, irreparable harm, lost profits, reasonable royalties, economic domestic industry considerations, and unjust enrichment. His areas of expertise include:
-Antitrust and Competition
-Intellectual Property Damages and Valuation
-Damages Assessment in Complex Commercial Disputes
-Securities and Finance Litigation
Examples of Dr. Schwartz’s work include:
Analysis of pricing behavior by a company that pled guilty to price fixing as a part of a larger conspiracy to determine the impact on the firm and to assess the portion of its price increases attributable to the conspiracy as opposed to non-collusive factors such as cost increases.
Assessment to the damages suffered by a residential home builder and land developer as a result of alleged breaches of contracts and fraud by another home builder. The analysis included a determination of the number of homes the Plaintiff would have built and sold in the absence of the alleged breaches and fraud, as well as the losses the firm would incur as it attempted to re-enter the market, post-fraud.
Analysis of the commercial success of a branded drug in the context of a Hatch-Waxman dispute; the branded drug was a late entrant into the market, i.e., after the entry of competitors selling generic versions of first and second-generation drugs, and Dr. Schwartz provided an assessment of the drug’s performance and success in the context of a market dominated by generic competitors.
Analyzed the damages suffered by an aircraft manufacturer as a result of a patent infringement by a rival manufacturer of a component of the aircraft at issue. The royalty analysis considered the appropriate royalty in a case in which the infringing product was never sold.
Dr. Schwartz’s consulting background spans many industries, such as hospitality, consumer goods, electronics, gaming, and pharmaceuticals, among others. He has also consulted in a variety of business, valuation and strategic planning issues.
Before joining Secretariat, Dr. Schwartz was Vice President at Charles River Associates and, previously, he was a Managing Director at Alvarez & Marsal Global Forensic and Dispute Services. Dr. Schwartz also spent over two decades at NERA Economic Consulting. He has published numerous papers in economics journals and has co-authored articles for the Practicing Law Institute and American Bar Association publications.
Dr. Schwartz earned his B.A. in Economics from Wesleyan University. He received his M.A. and Ph.D. in Economics from the University of Maryland.