Peter C. Hickey

Principal, Chicago

(312) 470-6502

         

EXPERTISE
Financial Regulation; Securities, Valuation, and General Damages

EDUCATION
Georgetown University (AB, Economics); University of Chicago Booth School of Business (MBA, Accounting and Finance)

Peter Hickey is a Principal at Global Economics Group. Mr. Hickey has over 20 years of experience working on securities fraud and valuation matters. His clients have included individuals, corporations, hedge funds, brokerage firms, futures commission merchants, insurance companies and regulators. Peter has experience as both a consulting and testifying expert in securities and commodities trading cases, business valuation disputes and other complex commercial litigation.

He has extensive experience in the areas of financial statement analysis, lost profits and damages, insider trading, securities fraud loss causation and damages, business valuation and securities and commodities trading practices. Prior to joining Global Economics Group, Mr. Hickey was a Vice President at Chicago Partners, LLC. He has testified as an expert witness in federal and state court proceedings and in front of FINRA. Over the course of his career, Peter has also cultivated and supported a vast network of academic and industry affiliate experts in a variety of cases across the country.

Mr. Hickey has a bachelor’s degree in economics from Georgetown University and an MBA with concentrations in Accounting and Finance from the University of Chicago Booth School of Business.

 

REPRESENTATIVE MATTERS

Valuation

Retained by the SEC to analyze valuations of restricted securities held by investment funds

Analysis of radio station cluster acquisition strategy and financing alternatives for a group of radio station owners

• Worked on team of consultants in material adverse change case between two retail shoe companies

• Analysis of valuation related to $700 mln acquisition of seatbelt and airbag manufacturer

• Valued a partner’s equity interest in a closely held investment business. Partner was awarded damages at trial commensurate with the valuation

Securities & Commodities Trading Practices

Detailed analysis on behalf of registered investment advisor (RIA) being sued by a retired executive of a Fortune 50 company. Executive claimed RIA mismanaged his accounts, which included covered calls, protective puts and other transactions utilizing accumulated stock positions. Following my expert report detailing the profits earned by the accounts over time and the RIA’s diligence, the arbitration claim was withdrawn

• Analyzed losses suffered by several “short vol” funds related to Covid news in late February and early March 2020

• Damages expert for Receiver of Cayman based hedge fund in case brought against brokerage firm handling trades for fund’s account

• Forensic accounting of over 300 trading accounts at issue in Ponzi scheme case brought against an introducing broker and two global investment banks

• Assisted with insurance coverage investigation into $500 million commodity derivatives trading loss claim

• Analyzed economic profitability of complex cross border structured finance transactions

• Collaborated with team to study loss causation and damages for an institutional investor in an asset backed commercial paper facility that provided warehouse financing for fixed-rate conforming mortgage origination

Securities Class Actions, Trust Litigation and Other Complex Commercial Litigation

Analyze efficiency, loss causation and damages in several large scale securities fraud class actions on behalf of plaintiffs, defendants and mediators

• Work on team of consultants analyzing damages from mis-allocation of Trust assets in cases being brought against Trustee banks on behalf of beneficiaries of two large multi-generational Trusts. Estimated damages in both matters exceed $100 million

• Rebutted damages report in a dispute between a multinational payments processing company and one of its independent sales organizations (ISO) that acquired merchant accounts under an ISO Agreement. Offered affirmative damages opinion on behalf of payments processor against ISO for misrepresentations on merchant applications and related losses

• Offered opinion on economic losses suffered by a public retiree health care trust related to a fraudulent bond offering

Our experts have worked on some of the most significant legal and regulatory matters of the last quarter-century.