Russell Molter



  • Chicago


Russell Molter specializes in matters involving accounting, merger efficiencies, auditing, and forensic investigation. He works closely with attorneys and provides expert support at all stages of litigation and regulatory proceedings. Mr. Molter’s industry expertise includes finance, healthcare, manufacturing, oil and gas, and technology, among others.

Cost accounting and merger efficiencies

Mr. Molter has extensive experience analyzing issues related to cost accounting and merger efficiencies. He has consulted on numerous cost and managerial accounting matters, including those involving predatory pricing, profitability analyses, and but-for damages claims.

Mr. Molter has assessed merger efficiencies and failing firm issues for both the merging parties and government agencies such as the Department of Justice and the Federal Trade Commission. He has evaluated merger specificity and the verifiability of claimed efficiencies. In addition, he has conducted analyses to determine whether firms are failing and if their assets are likely to exit the relevant market.

Accounting, auditing, and forensic investigations

Mr. Molter has more than a decade of experience with matters involving U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). In these contexts, he has analyzed a range of accounting issues, notably those related to income taxes, revenue recognition, contingent liabilities, fair value, and derivatives.

In matters involving Generally Accepted Auditing Standards (GAAS), Mr. Molter has addressed actions brought by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). He has also consulted on issues related to auditor liability in other forums, and has performed forensic services in multiple matters involving alleged fraud and concealment schemes.

Before joining Cornerstone Research, Mr. Molter performed forensic accounting investigations and provided litigation consulting services for a financial advisory company. Previously, he worked as an auditor in Ernst & Young LLP’s Assurance and Advisory practice.

Community engagement

Mr. Molter serves as board vice president for the Center for Disability and Elder Law (CDEL), which provides pro bono legal services to low-income seniors and adults with disabilities in Chicago. He is also a member of the CDEL’s executive board.

Professional Affiliations

Pocket MBA 2023: Finance for Lawyers and Other Professionals


Secure Energy Services Inc./Tervita Corporation

Press Release

Cornerstone Research Staff and Affiliated Experts Submit Comments on the Joint FTC-DOJ Draft Merger Guidelines


If You Build It, They Will Come: Building an Efficiencies Case


United States v. Bertelsmann Se & Co. KGaA et al.

Press Release

Cornerstone Research Promotes Four to Principal in Boston, Chicago, and Washington


Efficiencies Defense in the Spotlight After T-Mobile/Sprint Ruling


In the Matter of Otto Bock HealthCare North America Inc.

  • “Economic Concepts in the Litigation Context,” Pocket MBA 2022: Finance for Lawyers and Other Professionals, 14 October 2022