Dr. Stephen P. Magee, President
Stephen Magee, Bayless-Enstar Endowed Chair and Professor of Finance and Economics, McCombs School of Business, University of Texas at Austin
Prof. Magee has taught courses on how to calculate corporate litigation damages at the University of Texas School of Law. He was the damage expert whose testimony helped win $2.4 billion in damages for a Texas case that was upheld on appeal. In 2014 his damages testimony helped win $156 million in damages for his client in an antitrust case in Houston Federal court, upheld on appeal in late 2015. He has extensive experience testifying on damages involving patents, antitrust and corporate litigation damages. He has testified for DuPont, Microsoft, HP, Cisco, Exxon, Dow Chemical, Western Union, Becton Dickinson and Mondis (for whom his testimony won a trebling of post-trial reasonable royalty patent damages). He is currently working on corporate litigation damages, including patent infringement and trade secret damages and doing academic research on the latter.
Prof Magee has served on White House staff; worked for a year for another President’s Council of Economic Advisers and advised two other Presidential administrations in Washington. Prof Magee currently teaches full-time at the McCombs School of Business at the University of Texas where he has won several teaching awards. He has a PhD in economics from MIT; has served as the Chairman of the Department of Finance at the University of Texas at Austin and has taught economics and finance at UC Berkeley, the University of Chicago and the University of Texas at Austin for over 30 years. He has published nearly 80 academic articles and presented over 100 academic papers worldwide.
In 2003, Magee presented a paper in Havana Cuba attended by Fidel Castro. He then met with Pres. Castro for an hour about the value of intellectual property (see picture below). Magee’s seminal book, Black Hole Tariffs was endorsed on the cover by two Nobel laureates and the chairman of the Nobel prize committee for economics. He has won three teaching awards.
Image taken in 2019
Dr. Jack Lu, CFA
An economist and financial analyst with an engineering background and research credentials, Dr. Lu specializes in economic study, financial analysis, assets valuation, and strategic advisory for IP transactions & litigation, and for IP-intensive corporate transactions & disputes in financing (VC & PE), M&A, equity investment, and distressed assets investment. His research and consulting services deliver valuation reports, pre-transaction studies, fairness opinions, market & competition analysis, pre-litigation & pre-assertion assessments, settlement & mediation packages, damage contentions, and damage expert reports. Currently, Dr. Lu serves as the Sr. VP for Economic Analysis & Survey of the Licensing Executives Society (LES USA Canada). His recent research in IP economics, patent portfolio valuation, and royalty pricing can be found at his SSRN author page.
Dr. Devrim Ikizler
Dr. Ikizler earned his Ph.D in Economics from the University of Texas at Austin in 2011. Dr. Ikizler has 8+ years of consulting experience, working with Prof Magee on public and private sector projects using micro-level data analysis, and estimating computational models. He lead a team of economic consultants and researchers (including other PhD level researchers) and has consulted on and testified in cases involving industry giants such as Wal-Mart, State of Texas Google and Facebook, winning his clients billions of dollars in business damages. His areas of expertise are industrial organization, antitrust analysis and econometrics.
Dr. Ikizler is the president and founder of Intelligent Analytics and Modeling (https://www.iamecon.com), founded in April 2018. His firm specializes in undertaking large-scale complex data projects (using econometric models and machine learning tools), building predictive models, calculating business damages, and conducting simulations to forecast the various competitive landscape parameters such as prices & wages, market shares, profitability for firms and employees.
Dr Ikizler also lectures at the University of Texas at Austin (https://liberalarts.utexas.edu/economics/faculty/di267), regularly teaching Urban Economics, Microeconomic theory and Industrial Organization since 2011
Keiko Hikino has 20 years of experience in economic and financial analysis for litigation consulting and economic research projects. Her extensive experience involves evaluation and quantification of economic damages, including, but not limited to, intellectual property disputes, antitrust violations, and breach of contract. Patent infringement damages are her primary expertise, with experiences in lost profits analysis, reasonable royalty analysis, royalty base analysis, econometric demand analysis, FRAND rate analysis for standard essential patents, and pre-judgment interest calculations. She has also undertaken pre-litigation consulting and corporate strategy and market analysis projects. She has an MBA from University of Texas at Austin.
Charles Hornung has worked for Magee and Magee Consulting since 2002. Among others, Charles performs calculation of economic damages (civil litigation) in intellectual property, torts and antitrust cases, among others. Research areas included finance, economics, investments, market and industry research, statistical analyses and financial modeling to support expert witness testimony.
Brockett, Patrick L. Gus Wortham Memorial Chair in Risk Management and Insurance, Department of Information, Risk, and Operations Management. Patrick Brockett received his B.A. from California State University, Long Beach, and his M.A. and Ph.D. from the University of California, Irvine, all in mathematics. His research and teaching interests include insurance, risk theory, risk management, statistics, actuarial science, data envelopment analysis, and quantitative models in business.
Maryanne McLeod grew up in Surrey, BC, a suburb of Vancouver, Canada. She has a Master’s Degree in Education from Simon Fraser University with a specialty in the use of computers in elementary school education. She has 25 years of teaching experience in the public school system of Surrey, BC, Canada.