- Asset and mortgage-backed securities
- Damages estimation
- Data analysis
- Insurance allocation and valuation
- Sampling analysis
- Settlement and mediation support
- Consumer financial products
- Fixed-income instruments
- Mortgage finance
- Subprime lending
Kory Shipp has experience in economic analysis, developing models for damages estimation, and building and analyzing large, complex databases used in litigation. He has supported consulting and testifying experts in a variety of matters in the areas of consumer finance, liability valuation, and antitrust.
In the matter In re RFC and ResCap Liquidating Trust Litigation, managed the team of consultants supporting the testifying expert; managed damages analyses arising from more than 80 actions 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.
Supported the testifying expert in the matter MASTR Adjustable Rate Mortgages Trust 2006-OA2 v. UBS Real Estate Securities involving mortgage-backed securities. Analysis estimated damages resulting from the alleged failure of the securitization sponsor to repurchase underlying loans that breached various representations and warranties.
Supported the testifying expert in the matter Syncora Guarantee Inc. v. EMC Mortgage Corp. involving mortgage-backed securities. Analysis discussed the economics of the securitization process and estimated damages resulting from the alleged failure of the securitization sponsor to repurchase underlying loans that breached various representations and warranties.
Supported the testifying expert in the matter CIFG v. Bank of America involving mortgage-backed securities. Testimony examined general approaches to measuring damages resulting from alleged mortgage quality misrepresentations, and discussed the viability, acceptability, and reliability of using statistical sampling as it relates to calculating such damages.
Supported the testifying expert in the matter Assured Guaranty Municipal Corp. v. DB Structured Products, Inc. involving mortgage-backed securities. Analysis estimated damages resulting from the alleged failure of the securitization sponsor to repurchase underlying loans that breached various representations and warranties.
Supported the testifying experts on behalf of the Debtors in the matter In re Garlock Sealing Technologies, LLC, No. 10-BK-31607 (US Bankruptcy Court for the Western District of North Carolina). Helped develop and analyze large, complex data sets that were used to assess the value of pending and future asbestos-related personal-injury claims. The resulting database constructed in this matter was described by the presiding Judge as “…the most extensive database about asbestos claims and claimants that has been produced to date. It is the most current data available and is the only data that accurately reflects the pool of claims against Garlock.”
Supported the asbestos liability valuation expert on behalf of Specialty Products Holding Corp./Bondex International in its bankruptcy proceedings.
Supported the expert retained by DOJ’s Antitrust Division for a proposed merger in the publishing industry. Analysis examined competition between the merging firms, product and geographic market definition, potential unilateral and coordinated effects avenues of merger harm, and effects on final consumers.
Supported the damages expert in American Airlines v. Sabre on behalf of American Airlines in a suit filed in Texas state court. The suit alleged anticompetitive conduct by Sabre in markets for airline ticket booking services. After one week of a trial scheduled for two months, American and Sabre settled their disputes and renewed their existing distribution agreement for multiple years. American will receive a monetary settlement and will continue to pursue its direct connect initiative.
BS, Economics, Mathematics, Brigham Young University