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David T. Scheffman, Former Senior Federal Trade Commission Official, Joins Cornerstone Research as Senior Advisor

Tuesday, July 14, 2009

Washington, DC -- Cornerstone Research, a leading provider of economic and financial consulting and expert testimony, is pleased to announce the addition of David T. Scheffman, a former Director of the Bureau of Economics, U.S. Federal Trade Commission (FTC), as a Senior Advisor in its Washington, DC, and New York offices. His main office will be in Washington, DC.

Dr. Scheffman held senior positions at the FTC for more than twelve years, including Director of its Bureau of Economics from 1985 until 1988 and from 2001 until 2003. At the FTC, Dr. Scheffman was involved in a wide range of competition and consumer protection investigations, cases, and policy issues.

He is a noted industrial organization and antitrust economics scholar and a leading testifying and consulting expert for regulation and litigation matters involving mergers and joint ventures, antitrust, class certification, intellectual property, and complex commercial disputes. He has testified in jury and bench trials in federal, state, and administrative proceedings, and in arbitrations in several countries. He has offered expert testimony in the fields of economics, marketing, econometrics, antitrust, business strategy, and management. His expertise spans many industries, including energy, manufacturing, consumer products, services, healthcare, media, distribution, and retailing.

The author of academic and applied articles and books, Dr. Scheffman has written on a wide range of industrial organization and antitrust topics including market definition, vertical restraints, merger analysis, and barriers to entry. He has also written articles, developed courses and consulted in business strategy, marketing, distribution, and valuation of intellectual property. Dr. Scheffman is currently Adjunct Professor of Business Strategy and Marketing at the Owen Graduate School of Management, Vanderbilt University where he was a chaired professor between 1989 and 1998. He teaches in the Owen weekend Executive MBA program and has won teaching awards in this program.

Dr. Scheffman earned a Ph.D. in Economics from the Massachusetts Institute of Technology and a B.A., magna cum laude, from the University of Minnesota.

"I am delighted to join this splendid organization. Cornerstone justly has an excellent reputation for serving legal and business clients. I am excited to be working with the Cornerstone people and in the high quality, collegial Cornerstone environment."

"David Scheffman has an outstanding reputation as a testifying expert and a deep knowledge of a wide range of policy, business and litigation issues. His experience and expertise in antitrust and competition, consumer protection, class certification, marketing and business strategy complement and extend our capabilities in providing economic consulting and expert testimony for our clients. We are excited to have David with us and look forward to working with him," said Cornerstone Research President and CEO Cynthia Zollinger.

About Cornerstone Research

Cornerstone Research provides financial and economic analysis in litigation and regulatory proceedings, with a focus on litigation related to securities, antitrust and competition, intellectual property, financial institutions, energy, accounting, and pharmaceuticals. Additional information about Cornerstone Research is available at

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