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Lynda Borucki is a financial economist and head of The Brattle Group’s Litigation and Finance Group. She has over twenty five years of experience providing advice and developing expert testimony on the application of corporation finance and economics in both litigation and strategic engagements.

Her background includes a wide range of assignments for the banking, electric utilities, insurance, oil and gas, pharmaceutical and telecommunications industries. Her projects have included the development and critique of damage claims, valuation of assets, businesses and securities, cost of capital/discount rate estimation, evaluation of structured finance transactions, and the economic analysis of contractual arrangements and regulations.

She has led large teams supporting multiple academics in some of the most high-profile securities fraud cases, including Enron, Parmalat, Adelphia and Refco. This work has involved estimation of damages in securities cases where she evaluated both defendant and plaintiff damages analyses, analyzed causation and analyzed damages in the associated bankruptcy matters. Ms. Borucki also has an extensive history as a consulting expert on tax controversy matters in the U.S. and abroad. These cases include high profile transfer pricing cases (GlaxoSmithKline, Amazon, and Coca-Cola), debt/equity matters, and economic substance controversies. In addition, Ms. Borucki has also been retained as an expert witness on various finance matters relating to liability issues and damages.

During her tenure at The Brattle Group, she has collaborated over two decades with Professor Stewart C. Myers, co-author of the leading graduate textbook on corporate finance and a prominent financial economics expert. Prior to joining The Brattle Group, Ms. Borucki was an Associate with Putnam, Hayes and Bartlett, Inc. She also taught economics at the Kellogg Graduate School of Management at Northwestern University.

Publications
Newsletter
Trading at the Speed of Light: The Impact of High-Frequency Trading on Market Performance, Regulatory Oversight, and Securities Litigation
2011
Published by The Brattle Group, Inc.
Report
Impact of Changing Fuel and Power Market Structures on Price Behavior
2001
Published by Electric Power Research Institute (EPRI)
Presentation
Common Pitfalls in Market Price Forecasting
March 09, 1998
Presented at the International Business Communications Market Price Forecasting Conference in San Francisco, CA
Report
Energy Market Impacts of Electric Industry Restructuring: Understanding Wholesale Power Transmission and Trading, Final Report
March 1998
Lynda S. Borucki, Romkaew P. Broehm, Frank C. Graves, S.L. Thumb, and A.M. Schaal
Published by Electric Power Research Institute (EPRI)
Article
The Impact of Stranded-Cost Risk on Required Rates of Return for Electric Utilities: Theory and an Example
1998
Published in Journal of Regulatory Economics
Presentation
Common Pitfalls in Market Price Forecasting
October 23, 1997
Prepared for The International Business Communications Market Price Forecasting Conference, Washington, DC
Report
Impact of Deregulation on Capital Costs: Case Studies of Telecommunications and Natural Gas
January 1996
Prepared for The Energy Association of New York State
Article
Discounted Cash Flow Estimates of the Cost of Equity Capital
1994
Published in Financial Markets, Institutions, and Investments
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