Sumon Mazumdar

Dr. Mazumdar is a financial economist with over twenty years of experience advising clients in a wide range of industries on complex litigation issues. He has testified in a mediation and in depositions, and submitted expert reports in federal and state courts and in US Tax Court. Dr. Mazumdar has led case teams to support experts through all phases of complex business litigation in cases related to securities fraud, antitrust, hedge fund trading, mutual fund performance, algorithmic trading, breach of contract, transfer pricing, structured finance products, business valuation, banking regulations, and market microstructure cases. He has analyzed class certification, materiality, loss causation, and damages in several significant securities fraud cases. His valuation expertise includes the valuation of companies, illiquid assets (including employee stock options, restricted stock, and partnership interests), derivatives, debt instruments, and intellectual property (IP).

In addition to his work as an economic consultant, Dr. Mazumdar is a member of the finance faculty at the Haas School of Business, University of California, Berkeley. He also serves on the editorial board of the Journal of Investment Management and on several American Bar Association (ABA) Section of Litigation leadership committees. He has held tenured professorships at McGill University and York University, and has served as a research scholar at the US Federal Reserve Bank of San Francisco. Dr. Mazumdar has published widely on valuation, banking, risk management, and securities law issues, and has presented his research before the Securities and Exchange Commission (SEC), the International Monetary Fund (IMF), and at major universities and conferences. His research on securities class actions has been cited by major news outlets, and in a brief presented to the US Supreme Court.

EDUCATION

• PhD, Economics, Southern Methodist University
• MA, Economics, Southern Methodist University
• BS, Economics, Saint Xavier’s College, Calcutta University, India

Teaching

• Financial Institutions and Markets
• Corporate Finance

Positions Held

At Haas since 1996

• 1999 – present, Visiting Lecturer, Haas School of Business
• 1998 – present, Managing/Senior Managing Economist, LECG Corporation, Emeryville, CA
• 1997 – 1998, Associate Professor, Schulicy School of Business, York University, Toronto, Canada
• 1996 – 1997, Visiting Associate Professor, Haas School of Business
• 1996 – 1997, Associate Professor of Finance, McGill University, Montreal, Canada
• 1990 – 1996, Assistant Professor of Finance, McGill University, Montreal, Canada

External Service and Affiliations

• Senior Recruiting Coordinator, LECG, Emeryville, CA
• Referee: Journal of Risk and Insurance, Journal of Banking and Finance, Geneva Papers on Risk and Insurance Theory, Journal of Business, Finance and Accounting, International Review of Economics and Finance, Journal of Economics and Finance

Selected Honors and Awards

• Club 6 Member, Haas School of Business, (for teaching excellence, based on student evaluations)
• International Directory of Business and Management Scholars and Research
• Profiles in Business and Management: An International Directory of Scholars and Their Research.
• Institute of Canadian Bankers Award
• Outstanding Student Research Paper Award
• Peter J. Kalman Award
• McGill University representative, Board of Directors, Canadian Shastri Indo-Canadian Institute, 1995-1996
• Who’s Who Among International Students in American Universities & Colleges, 1988-1989

Selected Papers and Publications

• “Securities Class Action Settlements: An Empirical Analysis,” with Mukesh Bajaj and Atulya Sarin. Santa Clara Law Review 43 (2003): 1001-1033.
• “Universal Banking Under Bilateral Information Asymmetry,” with Andrew H. Chen and Sanjay Banerji. Journal of Financial Services Research 22, no. 3 (2002): 169-187.
• “Cost of Issuing Preferred Stock: An Empirical Analysis,” with Mukesh Bajaj and Atulya Sarin. Journal of Financial Research 25, no. 4 (Winter 2002): 577-592.
• “Privatization: A Theoretical Framework,” with V. Errunza. Journal of International Financial Markets, Institutions and Money 11, no 3-4 (2001): 339-362.
• “The ‘Cost’ of Offering Price-Matching Refund Policies: A Contingent Claims Perspective,” with J. Srivastava. Research in Finance 18 (2001): 133-151.
• “Monitoring and Bank Loan Pricing,” with A.H. Chen and Y Yan. Pacific Basin Finance Journal 8 (2000): 1-24.