Stephen D. Prowse

Stephen Prowse is a Senior Managing Director at FTI Consulting and is based in Dallas.  Dr. Prowse provides economic, financial, statistical and valuation analysis to clients involved in litigation and other business disputes.

Dr. Prowse has a Ph.D. in economics from UCLA and is a CFA Charterholder. He specializes in providing advisory and expert witness services to clients involved in intellectual property, antitrust, securities-related, lost profits and lost earnings disputes. He has offered expert testimony in all of these areas.

Prior to his consulting career, Dr. Prowse was a Senior Economist and Policy Advisor in the Federal Reserve System, where he provided economic and financial policy advice to the Chairman of the Federal Reserve Board and the President of the Federal Reserve Bank of Dallas on economic and financial matters. He has also served as an Adjunct Professor at the Cox School of Business, Southern Methodist University, where he has taught finance. He has published numerous articles in academic research journals such as the Journal of Finance and Journal of Financial Economics.

Relevant Experience:

• Securities: Dr. Prowse has assessed damages in numerous securities-related cases, including 10b-5 class action lawsuits. He has valued corporate equities, bonds, futures, options, and other derivatives, and public and private firms in a litigation context.
• Antitrust: Dr. Prowse has assessed liability and damages in antitrust matters, including analyzing claims of monopolization, exclusionary business practices, tying, price discrimination, price-fixing and predatory pricing.
• Intellectual Property: Dr. Prowse has assessed damages in patent infringement, copyright and trade secrets cases. He has calculated reasonable royalties, lost profits, lost convoyed sales, damages through price erosion and unjust enrichment in such cases.
• Statistical and Econometric Analysis: Dr. Prowse has provided statistical, sampling, econometric and regression principles in determining damages in many types of disputes.