The Vega team and network of valuation experts use sophisticated statistical and economic tools to analyze and value complex financial instruments including mortgage and other asset-backed securities. Vega’s expertise also extents to the valuation of intellectual property including patents, copyrights and trademarks, and other trade secrets.
Our experts have business experience and technical skills that inform their approach to determining the relevant factors that contribute to value. The combination of these skills allows us to robustly value assets as well as effectively critique opposing expert’s valuation methodologies.
Below is a list of example engagements for our Valuation practice:
Valuation of Trademark Infringement: Vega is currently retained to support Dr. Michael Einhorn in a trademark infringement case. Dr. Einhorn will opine on the proper valuation of the alleged improper use of images of plaintiffs.
Real Estate Valuation: Vega supported an expert who was retained to determine property values in an action alleging the defendant breached representations and warranties by misrepresenting the quality of the loans in certain agreements. The Vega expert addressed this claim by econometrically evaluating the impact of the alleged misrepresentations on property values. To do so, the expert constructed a series of regression models that leveraged historical property valuation data available through the Zillow API to estimate whether the alleged misrepresentations had an economically significant impact on the change in property values between origination and liquidation.
Valuation of Complex Securities: A Vega expert was retained in BlackRock Allocation Target Shares: Series S Portfolio, et al. v. Wells Fargo Bank, N.A. (S.D.N.Y. No. 14-cv-09371) to respond to plaintiffs’ expert’s proposed class-wide damages methodologies. The class of plaintiffs in this case alleged that the indenture trustee was obligated to enforce repurchase of certain loans whose alleged representations and warranties breaches materially and adversely affected the value of the loans. The Vega expert critiqued the opposing expert’s method of valuing the RMBS tranches through the averaging method and opined that tranche value is a function of bond insurance, interest rate type, spread, credit ratings and macroeconomic conditions, all of which were ignored by plaintiffs’ expert.
Patent Valuation: Vega valued a patent for virtual 3D tour technology used by online real estate brokerages. To do so, the Vega team analyzed how the technology contributed to website traffic and conversion rates for a specific online brokerage and it calculated profits with and without the patented technology. Vega also supplied a Georgia-Pacific factor analysis to estimate reasonable royalties in this case.
Automated Valuation Model (AVM) Rebuttal Analysis: A Vega expert was retained in several cases brought against RMBS depositors and underwriters to address allegations by the opposing expert that the loans had inflated appraisal values. The Vega expert’s analyses assessed whether the appraisal values fell within the expected range of values produced by the AVM.
Valuations of Fixed Income and Derivative Products: The Vega team supported an expert who was retained to analyze the effect of macroeconomic variables, changes in liquidity, and trust-specific factors such as bond insurance, interest rates, and spread in RMBS valuations. The Vega team has also supported expert's who valued derivative instruments associated with RMBS under various economic projections.
Visiting Professor of Finance in the Cox School of Business at SMU
- Securities & Finance
- Data Science & Statistics
- Valuation
- Antitrust & Competition
Distinguished Professor of Agricultural and Resource Economics at University of California, Davis
- Valuation
- Agriculture
Assistant Professor of Finance and Real Estate at Yeshiva University and CEO of WOTN
- Valuation
- Insurance & Risk
- Securities & Finance
- FinTech, Blockchain, and Cryptocurrency
- Financial Institutions
- Real Estate
Associate Professor of Finance at Johns Hopkins Carey Business School
- Securities & Finance
- Valuation
- Corporate Finance
- FinTech, Blockchain, and Cryptocurrency
- Antitrust & Competition
Dean's Chair for Transformative Initiatives and Professor and Chair of Agricultural, Environmental, and Development Economics at Ohio State University
- Energy, Environment, and Natural Resources
- Environmental, Social, and Governance (ESG)
- Agriculture
- Valuation
- Data Science & Statistics
Continuing Lecturer of Finance and Real Estate at UCLA Anderson Graduate School of Management and Lecturer in Law at UCLA School of Law
- Accounting
- Corporate Finance
- Valuation
- Financial Institutions
- Real Estate
- Private Equity
Professor of Economics in the Orfalea College of Business at Cal Poly San Luis Obispo
- Valuation
- Environmental, Social, and Governance (ESG)
- Agriculture
- Antitrust & Competition
- Energy, Environment, and Natural Resources
Professor Emeritus of Economics at the University of Northern Iowa
- Securities & Finance
- Energy, Environment, and Natural Resources
- Valuation
- Real Estate
Associate Professor of Finance at the Farmer School of Business, Miami University
- Securities & Finance
- Antitrust & Competition
- Data Science & Statistics
- Financial Institutions
- Valuation
Lecturer of Accounting at UCLA Anderson School of Management
- Accounting
- Securities & Finance
- Valuation
- Intellectual Property
- Corporate Governance
Director of the Mathematics in Finance Master's program and a Clinical Professor of Mathematics at the Courant Institute of Mathematical Sciences, New York University; Partner at CorePoint.
- FinTech, Blockchain, and Cryptocurrency
- Securities & Finance
- Financial Institutions
- Data Science & Statistics
- Valuation
Allstate Chair in Insurance and Finance at UCLA Anderson School of Management
- Insurance & Risk
- Accounting
- Securities & Finance
- Valuation
- Financial Institutions
Eric L. Kohler Professor Emeritus at the Kellogg School of Management, Northwestern University
- Antitrust & Competition
- Securities & Finance
- Accounting
- Valuation
- Real Estate
Charles Evans Gerber Professor of Law at Columbia Law School
- Bankruptcy & Insolvency
- Valuation
- Consumer Finance
Professor of Finance at Loyola Marymount University
- Bankruptcy & Insolvency
- Corporate Finance
- Corporate Governance
- Valuation
- Private Equity
Principal and Senior Economist at ECONOMIC ASSOCIATES
- Valuation
- Healthcare & Health Economics
- Antitrust & Competition
Senior lecturer in the Department of Finance and the Department of Economics at the McCombs School of Business at University of Texas at Austin
- Energy, Environment, and Natural Resources
- Data Science & Statistics
- Valuation
University Lecturer at NYU Courant; Partner at CorePoint
- Data Science & Statistics
- Valuation
- Securities & Finance
- Financial Institutions
- FinTech, Blockchain, and Cryptocurrency
Professor of Finance in the Leavey School of Business at Santa Clara University
- Securities & Finance
- Valuation
- Corporate Finance
- Financial Institutions
- FinTech, Blockchain, and Cryptocurrency