Damages, Forensics, and Fraud Investigations

Damages, Forensics

& Fraud.

Expert reports and testimony on business valuation, damages models, and theories including lost profits, disgorgement, full-price restitution, and replacement costs — across trade secrets, unjust enrichment, and manipulation matters.

PRACTICE AREA · EXPERT WITNESS & CONSULTING

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About this practice

PRACTICE OVERVIEW

Our experts provide written expert reports and testimony on matters involving business valuation across various industries and business types, damages models, and theories such as lost profits, disgorgement of profits, full-price restitutions, and replacement costs, among other well-accepted damages methods.

We have extensive experience developing rigorous damages models around trade secrets, unjust enrichment, breach of contract, misrepresentation, and manipulation — providing clear and defensible quantification methodologies for complex financial disputes.

Our forensic accounting capabilities cover financial statement analysis, fraud scheme reconstruction, asset tracing, and expert testimony in both civil litigation and criminal proceedings across jurisdictions.

SEDA's damages and forensic capability serves both litigation and consulting needs. As expert witnesses, our practitioners provide court-tested damages analyses in securities fraud class actions, derivatives mis-selling claims, structured product disputes, and complex commercial arbitrations — deploying rigorous methodologies including lost profits, out-of-pocket losses, disgorgement, and unjust enrichment. As pre-litigation consultants, we advise law firms and their clients on damages scoping, quantum strategy, and expert selection at the earliest stages of a dispute — providing the same analytical depth that underpins our courtroom testimony.

WHY SEDA

Extensive experience developing rigorous damages models across trade secrets, unjust enrichment, breach of contract, misrepresentation, and market manipulation cases.

Expert opinions on business valuation across various industries and business types — applying well-accepted methodologies including DCF, market multiples, and asset-based approaches.

Forensic accounting expertise covering fraud investigations, financial statement analysis, asset tracing, and expert testimony in both civil and criminal proceedings.

SUB-PRACTICE AREAS

Areas of expertise

Lost Profits & Economic Damages

Related: Securities Class Actions · Investigation

Business Valuation

Related: M&A, Private Equity & Corporate Finance

Expert quantification of lost profits, lost business value, and economic damages using well-accepted methodologies — tailored to the specific facts of each dispute.

Forensic accounting analysis of financial statements, accounting irregularities, fraud schemes, Ponzi structures, and asset misappropriation — with expert testimony in civil and criminal proceedings.

Forensic Accounting & Fraud

Related: Investigation & Regulatory Enforcement

Expert opinions on business valuation across industries using DCF, market multiples, asset-based approaches, and other recognized methodologies for litigation and dispute contexts.

Trade Secrets & Unjust Enrichment

Related: Antitrust & Competition · Algorithmic & Electronic Trading

Damages quantification in trade secret misappropriation and unjust enrichment cases — including reasonable royalty analysis, head-start damages, and disgorgement of ill-gotten gains.

Related Experts

Svetla Tzenova, Ph.D.

Bio

Managing Director

Dr. Tzenova provides expert testimony and litigation consulting services on a broad spectrum of economic issues in the areas of commercial damages, business valuation, intellectual property, antitrust and competition strategy, and various issues at the intersection of business and government.

Former

NERA Economic Consulting - Senior Consultant in the Firm’s Antitrust and Intellectual Property Practices

Kevin D. Oden Ph.D.

Bio

Managing Director

Dr. Oden, has unrivaled financial risk management expertise and over 30 years of financial markets experience with leading financial institutions firms Wells Fargo and Goldman Sachs, holding executive positions.

Former

Wells Fargo Bank - EVP, Head of Operational Risk and Compliance

Goldman Sachs - VP Asset Management

Dave Douglass, CPA

Bio

Managing Director

Mr. Douglass provides advice in both litigation and business consulting matters requiring specialized financial and economic expertise. He has more than fifteen years of experience in business valuation, analysis of damages in securities litigation, valuation of intellectual property in trademark and patent disputes, loss causation analysis, solvency analysis, and regulatory compliance.

Former

Berkeley Research Group, LLC - Director

Navigant - Associate Director

Andrew Hildreth, Ph.D.

Bio

Managing Director

Dr. Hildreth is a senior economist with 30+ years of experience providing economic and statistical analysis in complex litigation, regulatory investigations, and international arbitration. He specializes in antitrust, securities litigation, class actions, and financial disputes, with a focus on damages and econometrics.

Former

Secretariat International - Managing Director

Ankura LLC - Equity Partner, Senior Managing Director

Berkeley Research Group LLC - Equity Partner, Managing Director

Alvarez & Marsal GFD LLP - Equity Partner, Managing Director

Colin L. Schmitt

Bio

Managing Director

Colin Schmitt is a seasoned investigator and fraud examiner with over 25 years of experience, including senior roles at the Federal Bureau of Investigation, specializing in complex financial and healthcare fraud, public corruption, civil rights enforcement, and counterterrorism.

Former

Federal Bureau of Investigation - Special Agent-Senior Fraud Investigator, Supervisory Senior Resident Agent

Amber Vitale

Bio

Managing Director

Amber Vitale is a senior attorney and compliance expert with extensive experience in U.S. economic sanctions, anti-money laundering, and financial crimes compliance. Her background spans government service, private legal practice, global financial institutions, and consulting.

Former

Brown Brothers Harriman - SVP, Head of Global Sanctions Advisory

U.S. Dept. of Treasury, OFAC - Section Chief, Office of Enforcement

Martyn Till

Bio

Managing Director

Martyn Till is a retired senior tax advisor with extensive experience in the UK and international tax landscape, having spent most of his 30-year career at KPMG LLP as a Corporate Tax Advisor. He specializes in the tax aspects of Mergers and Acquisitions, cross-border transactions, and mid-market Private Equity transactions.

Former

KPMG LLP - Tax Partner and Senior Tax Manager

HM REVENUE & CUSTOMS - HM Inspector of Taxes

Scott J. Susin, Ph.D.

Bio

Managing Director

Dr. Scott J. Susin has over 18 years of experience providing expert economic analysis and litigation support in matters involving fair lending, housing discrimination, and mortgage markets.

Former

Federal Housing Finance Agency (FHFA) - Senior Economist

U.S. Department of Housing and Urban Development (HUD)- Economist

Debbie Bigman, CPA

Bio

Managing Director

Debbie Bigman has 36+ years of experience in financial product valuation, enterprise risk management, and financial reporting. She brings deep expertise in credit, pricing, and transaction analysis, helping banks, lenders, insurers, and funds navigate complex market and regulatory challenges.

Former

PricewaterhouseCoopers LLP - Partner, Financial Markets Co-Founder

Mariano A. Agmi

Bio

Managing Director

Mariano A. Agmi is a senior risk management and compliance professional with over 20 years of experience advising global financial institutions. His expertise spans trade and communications surveillance, regulatory strategy, and technology-driven compliance, with a focus on cybersecurity, data governance, cloud computing, and privacy.

Former

Macquarie Group - Division Director, Head of Business Surveillance, Risk Management Group

Goldman, Sachs & Co. - Vice President, Securities Division Management & Strategy

Mark B. Cohen

Bio

Managing Director

Mark B. Cohen brings nearly four decades of experience in restructuring and distressed investing, spanning Investment Banking, and Private Credit. Throughout his career he has led complex restructurings, and delivered high-return capital solutions for sponsors, corporates, and institutional investors.

Former

RBC Capital Markets - Managing Director

Deutsche Bank - Managing Director

Matt Sekerke, Ph.D.

Bio

Managing Director

Matt Sekerke focuses on economic litigation, financial economics, and regulatory issues in financial services. He specializes in valuation models, risk management systems, econometrics, and the application of AI and machine learning, with expertise across fixed income, derivatives, and structured finance.

Former

Hiddenite Capital Partners - Senior Macro Advisor

PwC - Director

Alexander Huang

Bio

Associate Director

Alexander Huang has over 10 years of experience in litigation support and forensic economics. His expertise includes financial and econometric analysis, class certification, market efficiency, price impact, damages, and loss causation, as well as support in settlement and mediation.

Former

Crowninshield Financial Research - Senior Associate & Project Manager

SEDA

EXPERTS

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Damages, Forensics, and Fraud Investigations

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