December 9, 2025
Managing Director Ryan Marsh, PhD provided an expert report and testimony in a high-stakes case involving real estate investment fraud. A Houston jury found in favor of the plaintiff, based in part on Dr. Marsh’s testimony.
Dr. Marsh was retained by McCathern, Shokouhi, Evans to provide expert testimony and quantify damages on behalf of their client. The complex dispute centered around a real estate investment transaction in which the defendant, the general partner and attorney, was alleged to have defrauded the plaintiff.
Dr. Marsh conducted rigorous analysis to assess the damages arising from defendant’s conduct and the at-issue real estate transaction. He issued an expert report in April 2024, testified at deposition in June 2024, and delivered trial testimony before a jury in the 295th District Court of Harris County, Texas in September 2025. At trial, Dr. Marsh delivered clear, compelling insights, offering a supported range of reasonable values that quantified the plaintiff’s losses and helped the jury better understand the financial impact of the defendant’s conduct.
Following an intense eight-day trial in October 2025, the jury ruled in favor of the plaintiff on all six counts of fraud presented to them and delivered a $1.71 million verdict, within the range Dr. Marsh identified.
Secretariat Expert Valuation Helps Secure Historic $5.89 Billion Citgo Sale Order
In a complex federal court case in Delaware with far-reaching geopolitical significance, Managing Director Gary Kleinrichert’s expert financial valuation helped secure approval of a landmark $5.89 billion Citgo sale opinion that could help resolve billions of dollars in unpaid judgments against Venezuela and certain of its instrumentalities.
Secretariat Named Arbitration Expert Firm of the Year at 2025 Lexology Index Awards
Secretariat is delighted to announce that we were named as the Arbitration Expert Firm of the Year at the prestigious 2025 Lexology Index Awards Ceremony, held at Merchant Taylors’ Hall in London. We are honored to be recognized by clients and peers as the foremost experts leading and shaping the global arbitration community.
Secretariat has earned significant recognition in the 2026 Lexology Index Arbitration Report, with 52 experts named in the prestigious listing, including the most combined Thought Leaders (7) and Global Elite Thought Leaders (10).