John D. Finnerty
Finnerty Economic Consulting, LLC

John D. Finnerty is Managing Principal of Finnerty Economic Consulting, LLC, which is based in New York, and Professor of Finance and the former Director of the MS in Quantitative Finance Program at Fordham University. His areas of specialization include business and securities valuation, solvency analysis, and calculation of damages. He also provides litigation support services for matters involving valuation, securities fraud, broker raiding, breach of contract, and other financial issues. Mr. Finnerty has developed a modified Black-Scholes-Merton model for valuing employee stock options, a model for determining the discount for lack of transferability of unregistered common stock, and models for valuing fixed income instruments, convertible bonds, and emerging growth stocks. He has also developed a two-trader model and a settlement model for use in 10b-5 securities fraud cases. Mr. Finnerty has testified as an expert in valuation and other areas of finance in federal and state court and in arbitration and mediation proceedings. He has also testified as an expert in bankruptcy court concerning the fairness of proposed plans of reorganization.

Mr. Finnerty has spent most of his career in the financial services industry having previously worked for the investment banking firms Morgan Stanley, Lazard Frères, McFarland Dewey, and Houlihan Lokey Howard & Zukin. Following his career in investment banking, he worked in valuation and litigation support as a Partner in the PricewaterhouseCoopers Financial Advisory Services Group and as a Managing Principal of Analysis Group, Inc. He is also a Professor of Finance at Fordham University where he was awarded early tenure in 1991 and received the Gladys and Henry Crown Award for Faculty Excellence in 1997. He served as the initial Director of the MS in Quantitative Finance Program from 2006 to 2008.

Mr. Finnerty has published thirteen books and more than 80 articles and professional papers. His writings and teaching have focused on the analysis and valuation of securities, especially fixed income securities, complex derivative products, mortgage-backed securities, and asset-backed securities. His most recent books include Corporate Financial Management, 3rd edition, published by Prentice Hall in 2007, and Debt Management, published by Oxford University Press in 2001. His most recent articles include “An Improved Two-Trader Model for Measuring Damages in Securities Fraud Class Actions,” Stanford Journal of Law, Business & Finance (Spring 2003), and “The Value of Corporate Control and the Comparable Company Method of Valuation,” Financial Management (Spring 2004).

Mr. Finnerty received a Ph.D. in Operations Research from the Naval Postgraduate School, an M.A. in Economics from Cambridge University, which he attended as a Marshall Scholar, and a B.A. in Mathematics from Williams College. Mr. Finnerty is also an Editor of FMA Online, a former Editor of Financial Management, and a member of the editorial boards of two other financial publications.

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