Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Fiona Scott Morton, a professor of economics at the Yale School of Management, has entered into an agreement to become a Senior Consultant to CRA’s Antitrust & Competition Economics Practice. From 2011- 2012, Dr. Scott Morton served as Deputy Assistant Attorney General for Economic Analysis for the Antitrust Division of the US Department of Justice, where she led and managed over 50 PhD economists and the economic work related to analyzing the competitive effects of mergers. From 2006 until she joined the Department of Justice in 2011, Professor Scott Morton was a Senior Consultant to CRA.
“We are excited to once again work with Fiona Scott Morton as a Senior Consultant to Charles River Associates,” said CRA's President and Chief Executive Officer Paul Maleh. “Professor Scott Morton’s experience is well-rounded as both an academic and a former government regulator. She has a pulse on the latest economic research in competitive strategy and understands what it takes to assemble successful economic evidence, expert witnesses, and economic litigation support before a governmental agency. We look forward to working with her and offering her expertise to clients.”
Dr. Carl Shapiro, a Senior Consultant to CRA and the Transamerica Professor of Business Strategy in the Haas School of Business at the University of California at Berkeley, said, “I am simply delighted that Fiona Scott Morton has returned to Charles River Associates as a Senior Consultant. Her recent experience as chief economist at the Department of Justice will prove invaluable on a wide range of antitrust matters, including mergers under review by antitrust enforcement agencies and private antitrust cases, where she will be a formidable expert witness.”
While at the Department of Justice, Professor Scott Morton directed and monitored the Antitrust Division’s economic approach to matters, theoretical analysis, and empirical work. For investigations gearing up for litigation, she supervised expert witnesses and strategized on the development and presentation of the economic evidence. She also oversaw economic analysis and coordination with Division attorneys to provide comments to other agencies as part of the Division’s competition advocacy work.
As an academic, Professor Scott Morton is an expert in competitive strategy. Her research focuses on empirical studies of competition among firms in areas such as pricing, entry, and product differentiation. She focuses her writing predominantly on the dynamics of competition in the health care industry. Her articles have been published in such journals as the American Economic Review, the RAND Journal of Economics, the Journal of Industrial Economics, and the Quarterly Journal of Economics. Professor Scott Morton is also an active speaker and panel participant, including at the Georgetown University Law Center, University College London’s Centre for Law, Economics & Society, and the American Bar Association’s antitrust conferences, among others.
About CRA's Antitrust & Competition Economics Practice
CRA's competition economists provide economic analysis and testimony in competition matters around the world. Many have served in government antitrust agencies and are members of premier academic, economic, and law faculties. Their experience extends to many industries, including telecommunications, health care, energy, computer hardware/software, retailing, entertainment, transportation, natural resources, sports, chemicals, pharmaceuticals, financial services, and consumer products.
About Charles River Associates (CRA)
Charles River Associates® is a global consulting firm specializing in litigation, regulatory, and financial consulting, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com.
Statements in this press release concerning Fiona Scott Morton, any future business Professor Scott Morton may generate for the Company or the Antitrust & Competition Economics Practice, the future business, operating results, and financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," "prospects," "target," or similar expressions are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially due to many important factors. Such factors that could cause actual performance or results to differ materially from any forward-looking statements made by the Company include, among others, changes in the Company's effective tax rate, share dilution from the Company's stock-based compensation, dependence on key personnel, attracting, recruiting and retaining qualified consultants, dependence on outside experts, utilization rates, completing acquisitions and factors related to its completed acquisitions, including integration of personnel, clients and offices, and unanticipated expenses and liabilities, the risk of impairment write downs to the Company's intangible assets, including goodwill, if the Company's enterprise value declines below certain levels, risks associated with acquisitions it may make in the future, risks inherent in international operations, the performance of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect the Company's practice areas, management of new offices, the potential loss of clients, the ability of customers to terminate the Company's engagements on short notice, dependence on the growth of the Company's management consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, general economic conditions, intense competition, risks inherent in litigation, and professional liability. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's periodic filings with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of its forward-looking statements after the date of this press release.
Andrea Goodman, 617-425-3333
Director of Communications
Sharon Merrill Associates, Inc.
Jim Buckley, 617-542-5300
Executive Vice President
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