Pierrick Morel focuses primarily on legal matters relating to securities, finance, and financial institutions. He combines his scientific knowledge with his background in economics and finance to provide clients with insights from both areas. He also has experience with cases involving intellectual property, general damages, breach of contract, bankruptcy, and forensic accounting. Mr. Morel performs complex quantitative analyses that require mathematical modeling and the analysis of large datasets.
He works with clients on various aspects of the litigation process, including:
- Expert reports
- Settlement negotiations
Mr. Morel has been involved in cases with various claims, including Rule 10b-5, Section 11, and state claims. He has addressed problems related to damages calculations, loss causation, materiality, price impact, and class certification. His research and analyses have covered the behavior of financial instruments (equity, bonds, derivatives), valuations, the financial crisis, and macroeconomic analyses. He has developed, among others, empirical asset pricing analyses, Monte Carlo simulations, and valuation models.
Mr. Morel has consulted on cases related to financial institutions that failed during the credit crisis. He has developed “but-for” and proximate causation analyses to refute allegations of financial misconduct. He has also developed models to estimate the performances of institutions and to analyze these performances in light of credit crisis events.
Mr. Morel has worked on intellectual property cases, particularly with regard to patents. He led the damages team in the jury trial that rendered a verdict in favor of Cornerstone Research’s client in the case KFx Medical Corp. v. Arthrex Inc.
Prior to Cornerstone Research, Mr. Morel was a research engineer for Renault SAS, where he worked in the Research Department.
Hsu et al. v. Puma Biotechnology Inc. et al.
Economic Considerations for ICO Regulation and Litigation
Approved Claims Rates in Securities Class Actions