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Branko Jovanovic specializes in providing economic analysis and expert testimony in the areas of securities and finance, and consumer protection across a wide range of industries.

Dr. Jovanovic has assisted numerous clients in responding to formal investigations and requests for data and analyses from regulatory entities such as the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), offices of State Attorneys General, and self-regulating organizations such as Financial Industry Regulatory Authority (FINRA) and U.S. stock exchanges. He has provided testimony before the SEC, the International Chamber of Commerce’s International Court of Arbitration, the American Arbitration Association, and in various federal and state courts.

He has extensive experience analyzing the multi-level marketing (MLM) compensation models of nutrition, supplement, cosmetics, and other life sciences companies. Branko also has extensive experience in analyzing the determinants of loan performance for residential mortgages and for financial instruments collateralized by residential mortgages. He has expertise in estimating the damages that arise in complex litigation, shareholder class actions, and ERISA class actions.

Dr. Jovanovic’s research has been published in Review of Income and Wealth, Economics of Transition, the World Bank Economic Review, and Law360. He has lectured at continuing legal education forums, and taught graduate econometrics at New York University and Johns Hopkins University. He holds a Ph.D. in Economics from Texas A&M University.

Representative Engagements
Consumer Protection
Served as a consulting expert for a company facing the FTC investigation examining liability and damages relating to allegations that the multi-level marketing business model was a pyramid scheme. The analysis included evaluating claims that the company overstated marketers' potential earnings.
Securities Class Action
For Securities and Exchange Commission v. Houston American Energy Corp., built time series models of returns and volatility to assess securities’ price responsiveness to new information allowing for time-varying market volatility, and provided expert report and rebuttal expert report.

Addressed issues of efficiency and materiality in numerous Security Class Action cases using sophisticated econometric models.

Finance Regulatory
Assessed allegations of “spoofing” and “layering” in equity and option trading by a high frequency trader.

Conducted analyses of an ETF share creations and redemptions and addressed the allegations of ETF price manipulation Finance Regulatory and Internal Investigations Finance Regulatory and Internal Investigations.

Testimony
Magic Hours Prod., Inc. v. TIME of My Life Pty Ltd, ICDR Case No. 50 140 T 00647 11. Arbitration appearance and expert report. Opined on damages stemming from violation of certain contractual rights.
January 01, 2017
Joseph v. Hogan, No. 06-CV-1042 (E.D.N.Y. 2006). Declaration, deposition testimony, expert report and rebuttal report. Opined on specific aspects of the sampling methodology developed by the Plaintiff’s expert.
December 01, 2016
Tabbane v. Colgate Palmolive Serv. (ICC 2008). Expert report and rebuttal expert report. Opined on the Claimant's experts' methodology for estimating damages arising from the termination of a business relationship.
November 01, 2016
Houston American Energy Corp., the Securities and Exchange Commission Administrative Proceeding File No. 3-16000. Expert report and rebuttal expert report. Evaluated the materiality of several alleged misrepresentations in the defendants’ public filings.
February 01, 2016
Publications
Publication
Target Date Funds: Economic, Regulatory And Legal Trends
December 08, 2017
Published in Law360
Report
Target Date Funds: Economic Regulatory, and Legal Trends
September 26, 2017
Published by The Brattle Group, Inc.

In the first of a series of papers examining key economic, regulatory, and legal issues related to target date funds (TDFs), Brattle experts Chris Laursen, Ioannis Gkatzimas, and Branko Jovanovic provide an overview of TDFs, report on significant market trends, and summarize recent related litigation.

Article
Proposal to Remedy Horizontal Shareholding is Flawed
July 18, 2017
Published in Law360

This article evaluates a proposed remedy that would allow investors to hold shares in one company in a concentrated industry, or limit their shareholdings to no more than one percent of the industry.

Article
Testing for Materiality in Volatile Markets
January 14, 2010
Branko Jovanovic and Edward Fox
Published in Securities Law360: Litigation, Policy & People News
News & Events
March 21, 2019
Branko Jovanovic to Participate in The Knowledge Group Webinar on Calculating Damages in ERISA Litigation

Brattle Principal Branko Jovanovic will participate in The Knowledge Group’s webinar, “Calculating Damages in ERISA Litigation: Practical Guide,” taking place March 21 from 12:00-2:00 pm (ET).

July 17, 2018
Brattle Announces the Promotions of Branko Jovanovic and Jeremy Verlinda to Principal

The Brattle Group is pleased to announce the promotions of Branko Jovanovic and Jeremy Verlinda to Principal.

September 26, 2017
Brattle Experts Examine Target Date Funds in New Publication

In the first of a series of papers examining key economic, regulatory, and legal issues related to target date funds (TDFs), Brattle experts Chris Laursen, Ioannis Gkatzimas, and Branko Jovanovic provide an overview of TDFs, report on significant market trends, and summarize recent related litigation.

July 18, 2017
Brattle Economists Author Law360 Article on Proposed Remedies to Horizontal Shareholding

Brattle economists Elaine Buckberg, Steven Herscovici, James Reitzes, and Branko Jovanovic have authored a Law360 article addressing claims from recent studies that competition is adversely affected when “institutional investors hold significant shares in multiple firms within a ‘concentrated’ industry.”

Personal Interests

Branko lives in Washington, DC with his husband and son, and their dog and two cats. He enjoys entertaining friends and family, knitting and travelling. Branko is a member of Washington, D.C. LGBT Bar Association.