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Summary

Chris Bennett is a senior member of the Finance Practice at Bates White, where he specializes in financial modeling, statistics, and econometrics. He has published peer-reviewed articles on statistical methods, and he has applied his expertise in a wide range of matters to, among other things, design statistically reliable samples and assess economic damages. He has provided expert testimony, served as a consulting expert, supported enforcement and regulatory agencies, and supported other testifying experts on behalf of government, law firm, and corporate clients.

Prior to joining Bates White, Dr. Bennett was an Assistant Professor in the Department of Economics at Vanderbilt University, where he taught courses in statistics and econometric analysis. His research has been published in a number of leading academic journals, including the Journal of Financial Econometrics, the International Economic Review, the Journal of Business and Economic Statistics, and the Journal of the American Statistical Association.

Education

PhD, Economics, University of Western Ontario
Thesis: “Essays on Estimation Risk and Stochastic Dominance in Economics”

MA, Economics, University of Waterloo
MRP: “Option Pricing with Two-State Stochastic Volatility”

BCom, Finance, Ryerson University

EXPERT Q&A SERIES

Dr. Bennett discusses his transition from the lecture hall to the courtroom.

Selected Work

Selected Experience

  • On behalf of TWC Product and Technology, LLC, supported the expert in responding to a complaint filed by the People of the State of California, alleging that The Weather Channel (TWC) mobile app misled users by failing to provide transparent details about how TWC used app users’ location data.
  • Retained as a testifying expert on behalf of plaintiffs in Phoenix Light SAF DAC et al. v. The Bank of New York Mellon to quantify damages related to claims of substandard servicing in the FNLC 2005-1 Trust.
  • Led economic and statistical analyses for a government agency that used the results in its effort to successfully resolve a multibillion dollar enforcement action against a major financial institution.
  • In the matter In re RFC and ResCap Liquidating Trust Litigation, led team supporting testifying expert with sampling and damages analyses arising out of more than 80 actions that were filed by ResCap after it exited bankruptcy protection to recoup billions of dollars in faulty loans and millions of dollars in legal fees for alleged contract breaches.   
  • Testified before the Copyright Royalty Board on behalf of the National Association of Broadcasters In re Distribution of 2010–2013 Cable Royalty Funds.   
  • On behalf of the Department of Justice (DOJ) in DOJ v. Quicken Loans, supported the expert’s written report and deposition testimony on sampling and damages.
  • Supported testifying expert on behalf of investors in disputes over residential mortgage-backed securities (RMBS) trustees' alleged failure to properly address alleged breaches by sponsors, originators, and servicers.
  • Analyzed performance of loans to estimate potential harm to investors in a fund holding the loans. Supported the expert in presenting findings to government regulators.
  • Advised the Department of Justice in its investigation regarding certain stated-income mortgage loans.
  • Supported testifying expert in multiple RMBS matters on behalf of trustees and insurers in disputes over the quality of mortgages pooled into various RMBS trusts.
  • Supported testifying expert on behalf of Wyndham Vacation Resorts, Inc. et al. in disputes over purported rule changes that allegedly had a deleterious impact on the profitability of time share rental businesses.  
  • In the matter In re Puerto Rican Cabotage Antitrust Litigation, performed economic analyses to assess liability and damages, critiqued opposing expert analyses, and supported settlement discussions.   
  • Supported testifying expert with the submission of expert reports and the delivery of oral testimony at preliminary and final International Trade Commission hearings in Certain Oil Country Tubular Goods.  
  • In In re TFT-LCD Antitrust Litigation, supported testifying expert to a large coalition of direct-action plaintiffs involved in price-fixing litigations in the United States, Asia, and Europe. Performed economic analyses to assess liability and damages resulting from the illegal conduct.   

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