Energy firms have faced increasing levels of scrutiny from government regulators and private civil plaintiffs, focusing on the trading and marketing arms of many of the largest U.S. energy firms and taking the form of allegations of market manipulation through trading strategies, the operation of physical assets, and the reporting of prices to trade publications. Cornerstone Research has been actively involved in many of the highest-profile market manipulation investigations in the energy industry. The experience of our staff and experts in energy markets, antitrust, and finance combine to bring a multidisciplinary approach to the evaluation of market manipulation allegations.
Cornerstone Research has analyzed the effects of mergers, price-fixing allegations, and other potentially anticompetitive behavior in the energy industry. Such analysis typically requires applying the sophisticated techniques common in antitrust cases. Cornerstone Research combines these traditional antitrust tools with our knowledge of energy markets to develop methods appropriate for the unique structure of the energy industry.
Cornerstone Research has worked on litigation involving a wide range of agricultural commodities, including dairy (milk and cheese), grains, tobacco, high fructose corn syrup, and meatpacking. In these matters, we have analyzed antitrust issues, market manipulation, breach of contract claims, and mergers and acquisitions.
Finance and Valuation
Building on extensive experience in financial valuation, Cornerstone Research utilizes the financial asset attributes of energy commodities to develop valuation techniques for energy commodities, assets, liabilities, and risks, and to determine the implications of energy market dynamics for the valuation of firms participating in the industry.
Cornerstone Research has analyzed liability and damages issues in high-profile accounting cases in the energy industry. We combine application of economic analysis and understanding of industry dynamics with knowledge of accounting principals to address case issues.