Celeste Saravia provides economic and statistical consulting, analysis, and expert testimony in complex business litigation. Dr. Saravia addresses class certification, liability, and damages issues in antitrust litigation matters involving allegations of collusion, vertical restraints, and other allegedly anticompetitive behavior, as well as assessing the competitive effects of mergers.
Dr. Saravia works on matters in many industries, including life sciences (pharmaceuticals and medical devices), finance, information technology, energy, telecommunications, and media. Who’s Who Legal has recognized her multiple times as a Global Leader among competition economists. Dr. Saravia teaches economics courses at the University of California, Berkeley.
Antitrust and competition
Dr. Saravia has served as an expert in more than a dozen cases dealing with a variety of antitrust issues, including no-poach agreements, non-compete agreements, price fixing, monopolization, bundling, exclusive dealing, predatory pricing, price discrimination, and product hopping. These cases include Inline Packaging LLC v. Graphic Packaging International Inc. and Fresenius Kabi USA LLC v. Par Sterile Products LLC et al. Dr. Saravia offered trial testimony in In re HIV Antitrust Litigation, a case involving an allegedly anticompetitive reverse payment in a pharmaceutical patent settlement; and in J & M Distributing Inc. v. Hearth & Home Technologies Inc. et al., an alleged monopolization case.
Dr. Saravia has provided government agencies and parties support in all phases of merger review. She has analyzed competitive effects in prominent proposed mergers, such as Sysco/US Foods and Thoratec/Heartware. The Department of Justice (DOJ) retained Dr. Saravia to assess the competitive effects of the proposed merger between China International Marine Containers Group and Maersk Container Industry.
As a consultant, Dr. Saravia leads teams working on high-profile matters, including FTC v. Qualcomm, In re Flash Memory Antitrust Litigation, American Express Travel Related Services Company Inc. v. Visa USA Inc. et al., and Thales Avionics Inc. v. Matsushita Avionics Systems Corporation.
Energy and commodities
Dr. Saravia has developed analytical and statistical models to examine the competitiveness of deregulated electricity markets and modeled the competitive effects of a proposed merger of two electricity firms. In a matter related to an alleged monopsony by the largest purchaser of a natural resource, she provided a preliminary injunction analysis and addressed class certification, liability, and damages issues.
Dr. Saravia has addressed general damages and intellectual property issues in a variety of matters. In Verizon Services Corp. et al. v. Cox Fibernet Virginia Inc. et al., she analyzed reasonable royalty rates, lost profits, and price erosion due to patent infringement. She also addressed reasonable royalty rates due to patent infringement in Brandeis University and GFA Brands Inc. v. Keebler Co. et al. Dr. Saravia analyzed class certification, liability, and damages related to a breach of contract dispute in the hospitality industry.
Dr. Saravia speaks and publishes frequently on competition issues. She won a Concurrences Antitrust Writing Award for her coauthored article, “Analyzing Incentives and Liability in ‘Hub-and-Spoke’ Conspiracies.” She has published research in Global Competition Review, including “Horizontal Merger Guidelines and Market Definition in Monopolization Cases” and “Economics of Antitrust: The Current State of Law and Economics on Bundled Discounts.”
Before joining Cornerstone Research, Dr. Saravia worked at the University of California Energy Institute.
WWL: Competition Global Leaders and Consulting Experts 2023
Cornerstone Research Staff and Affiliated Experts Submit Comments on the Joint FTC-DOJ Draft Merger Guidelines
In re HIV Antitrust Litigation
In re China International Marine Containers Group and Maersk Container Industry
WWL: Global Leader Competition—Economists 2022
Cornerstone Research Recognized in GCR 2021 Behavioural Matter of the Year – Americas
2021 Who’s Who Legal: Consulting Experts
Who’s Who Legal: Competition 2021—Economists
- In re HIV Antitrust Litigation
- In re China International Marine Containers Group and Maersk Container Industry
- FTC v. Qualcomm
- Fresenius Kabi USA LLC v. Par Sterile Products LLC et al.
- Inline Packaging LLC v. Graphic Packaging International Inc.
- J & M Distributing Inc. v. Hearth & Home Technologies Inc. et al.
- Brandeis University and GFA Brands, Inc. v. Keebler Co. et al.
- In re Flash Memory Antitrust Litigation
- Verizon Services Corp. et al. v. Cox Fibernet Virginia, Inc., et al.
- Thales Avionics, Inc. v. Matsushita Avionics Systems Corporation
- DOJ Review of an Electric Power Industry Merger