About
Lucy Allen has provided expert testimony and consulting services on economic, statistical, and quantitative issues, including in matters involving finance and securities, commercial litigation, and the economics of product liability, for more than 25 years. As a highly regarded expert in these fields, she has testified in federal and state courts, in the Delaware Court of Chancery, and before arbitration panels and has presented before boards of directors, regulators, insurers, and in mediation. Ms. Allen’s work has garnered recognition from courts, and she has been featured in Who’s Who Legal as a leading expert.
Clients have sought out her expertise in more than 100 securities class action cases to assess issues related to class certification, liability, materiality, loss causation, and damages and involving equity, fixed income, and other securities. She has been engaged to assist on issues related to mergers, ERISA claims, market microstructure, and alleged market manipulation and insider trading, as well as on the valuation of privately held companies, subsidiaries, and thinly traded securities.
In the area of tort economics, she has estimated the number and value of claims likely to arise from allegedly defective or harmful products. Her expertise spans a wide range of products including asbestos, talc, medical products, consumer goods, chemical and pest control, and building materials. She has provided consulting services and expert testimony in a variety of settings, including forecasts for financial reserves and regulatory disclosure, bankruptcy hearings, M&A due diligence, fraudulent conveyance actions, and insurance allocation disputes.
In consumer class actions, Ms. Allen is frequently engaged as an expert to analyze issues related to damages, class certification, and the reasonableness of settlements, including the valuation of warranties. Her extensive experience in commercial litigation includes testifying on damages in breach of contract, misappropriation of trade secrets, and alleged corporate raiding matters. She has analyzed alleged lost sales and profits due to the effect of overall macroeconomic trends and government restrictions, including those during the COVID-19 pandemic.
Ms. Allen’s recent experience includes expert testimony and consulting in the healthcare, banking, information technologies, consumer products, construction and engineering, insurance, hospitality, transportation, telecommunications, and oil and gas industries. Ms. Allen has substantial testifying experience, including before judges and juries, with testimony in federal and state courts, before the American Arbitration Association (AAA) and the Judicial Arbitration Mediation Service (JAMS), and in depositions.
Before joining NERA, Ms. Allen was a staff economist at the Council of Economic Advisers for both President George H.W. Bush and President Bill Clinton, providing economic analysis on regulation and healthcare policy issues. Prior to that, she worked as a management consultant formulating marketing, organization, and overall business strategies for clients in a broad range of industries.
Education
- MPhil and MA in economics, Yale University
- MBA, Yale School of Management
- AB, Stanford University