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Andrew Granato

Andrew Granato is a J.D.-Ph.D. candidate in Financial Economics at Yale University. He uses economic analysis to examine tax and business law, including how legal actors leverage purportedly technical choices in financial models to suit policy goals.
Research

Corporate Defendants Significantly Outspend Plaintiffs in Expert Witness Arms Races

Adam Callister
In new research, Adam Callister, Andrew Granato, and Belisa Pang argue that differing incentives faced by plaintiffs and defendants in “battles of the experts” litigation (like securities suits) leads to structurally higher spending by defendants on expert witnesses. These incentives also apply to any class action suit and many individual suits. They argue that courts should take this dynamic into account and correspondingly be more aggressive in using authority to employ court-appointed experts.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.