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Pioneering the Future of Law: Mike DeCesaris Honored with Fastcase 50 Award

# Pioneering the Future of Law: Mike DeCesaris Honored with Fastcase 50 Award

Noted as “pioneering the intersection of artificial intelligence and legal analytics”

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Securities Class Action Filings Remain Steady in First Half of 2025

## Securities Class Action Filings Remain Steady in First Half of 2025

Artificial intelligence-related filings in 2025 are on pace to far exceed 2024 total.

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Cornerstone Research Advances Seven to Senior Vice President

## Cornerstone Research Advances Seven to Senior Vice President

Seven senior staff, many of whom have served decades with the firm, have been promoted to the role of senior vice president.

Read More

## Featured Experts

- Gal Zauberman

#### Gal Zauberman
- Amy P. Hutton

#### Amy P. Hutton
- Celeste C. Saravia

#### Celeste C. Saravia
- Jonah Berger

#### Jonah Berger

## Featured Experts

### Gal Zauberman
###### Joseph F. Cullman 3rd Professor of Marketing,
Yale School of Management,
Yale University

Gal Zauberman is an expert in consumer behavior, and judgment and decision making. He has researched the factors that affect individuals’ evaluations, preferences, and choices; the role of time in decisions; consumer financial decision making; and evaluations of experiences.

Professor Zauberman has provided expert witness testimony in many cases, including at the class certification stage of multiple consumer class actions. He has addressed allegations of false advertising, product misrepresentation, and misleading retail pricing practices, and evaluated a range of issues in the consumer goods, professional services, and retail industries. Professor Zauberman has substantial experience with designing and conducting consumer surveys and controlled experiments, both as part of his expert witness work and his academic research.

He has coauthored peer-reviewed articles and book chapters, and his research has been published in leading marketing and psychology journals such as the *Journal of Marketing Research*, the *Journal of Consumer Research, Marketing Science, Psychological Science*, the *Journal of Experimental Psychology: General,* and the *Journal of Neuroscience, Psychology, and Economics*. His work has received international coverage from the *New York Times* and *Scientific American*, among other media outlets.

The *Journal of Marketing Research* has honored Professor Zauberman with both the William F. O’Dell and the Paul E. Green best paper awards for significant contributions to marketing research, methodology, and/or practice. Professor Zauberman also received the 2007 Early Career Award for Distinguished Contributions to Consumer Psychology from the American Psychological Association.

For over two decades, Professor Zauberman has taught undergraduate, graduate, and executive education courses on consumer behavior, financial decision making, marketing management, and marketing research methods. Prior to joining the Yale School of Management, he served on the faculty of the Wharton School at the University of Pennsylvania.

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## Featured Experts

### Amy P. Hutton
###### Professor of Business Administration,
Carroll School of Management,
Boston College

Amy Hutton is an expert in securities, financial statement analysis, corporate governance, and business valuation. Her research focuses on corporate disclosure, capital market accounting, and the role of financial intermediaries in capital markets.

Professor Hutton testifies and consults on class certification, price impact, damages, and financial accounting issues in a variety of litigation and regulatory investigation matters. She has assessed questions of valuation, solvency, and factors contributing to financial distress in the context of corporate bankruptcy.

As a result of her research, Professor Hutton was named to the Congressional Review Board, opining on the Security Industry Association’s “best practices for equity research.” She won the American Accounting Association’s inaugural Distinguished Contribution to Accounting Literature Award for her co-authored article “Causes and Consequences of Earnings Management: An Analysis of Firms Subject to Enforcement Actions by the SEC.”

Professor Hutton was an editor for the *Accounting Review* and continues to serve as a referee for several leading peer-reviewed accounting and finance journals. She has held faculty appointments at Dartmouth’s Tuck School of Business and Harvard Business School.

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## Featured Experts

### Celeste C. Saravia
###### Vice President

Celeste Saravia coheads Cornerstone Research’s antitrust and competition practice. Dr. Saravia provides economic and statistical consulting, analysis, and expert testimony in complex business litigation. She addresses class certification, liability, and damages issues in antitrust litigation matters alleging collusion, vertical restraints, and other allegedly anticompetitive behavior, as well as assessing the competitive effects of mergers.

Dr. Saravia works on matters in many industries, including life sciences (pharmaceuticals and medical devices), finance, information technology, energy, telecommunications, and media. Lexology Index (formerly *Who’s Who Legal)* has recognized her multiple times as a leader among competition economists, and has recommended her among commercial litigation practitioners. Dr. Saravia teaches economics courses at the University of California, Berkeley.

##### Antitrust and competition

Dr. Saravia has served as an expert in more than a dozen cases dealing with antitrust issues, including no-poach agreements, non-compete agreements, price fixing, monopolization, bundling, exclusive dealing, predatory pricing, price discrimination, and product hopping.

She testified at trial in *Tevra Brands LLC v. Bayer Healthcare LLC* on issues related to antitrust market definition, market power, foreclosure, and competitive effects. Other trials in which Dr. Saravia has provided testimony include *In re HIV Antitrust Litigation*, which focused on an allegedly anticompetitive reverse payment in a pharmaceutical patent settlement; and *J & M Distributing Inc. v. Hearth & Home Technologies Inc. et al*., an alleged monopolization case. In all these trials, the jury’s opinion was consistent with Dr. Saravia’s testimony.

*Global Competition Review* named Dr. Saravia a finalist for Economist of the Year for her work on *In re HIV Antitrust Litigation*, which was also shortlisted for Litigation of the Year – Non-Cartel Defence.

Dr. Saravia’s other representative expert work includes *Inline Packaging LLC v. Graphic Packaging International Inc**.* and *Fresenius Kabi USA LLC v. Par Sterile Products LLC et al*.

Dr. Saravia has supported government agencies and parties in all phases of merger review. She has analyzed competitive effects in prominent proposed mergers, such as Sysco/US Foods and Thoratec/Heartware. The Department of Justice (DOJ) retained Dr. Saravia to assess the competitive effects of the proposed merger between China International Marine Containers Group and Maersk Container Industry.

As a consultant, Dr. Saravia leads teams working on high-profile matters, including *FTC v. Qualcomm*, *In re Flash Memory Antitrust Litigation*, *American Express Travel Related Services Company Inc. v. Visa USA Inc. et al*., and *Thales Avionics Inc. v. Matsushita Avionics Systems Corporation*.

##### Energy and commodities

Dr. Saravia has developed analytical and statistical models to examine the competitiveness of deregulated electricity markets and modeled the competitive effects of a proposed merger of two electricity firms. In a matter related to an alleged monopsony by the largest purchaser of a natural resource, she provided a preliminary injunction analysis and addressed class certification, liability, and damages issues.

##### Intellectual property

Dr. Saravia has addressed general damages and intellectual property issues in a variety of matters. In *Verizon Services Corp. et al. v. Cox Fibernet Virginia Inc. et al*., she analyzed reasonable royalty rates, lost profits, and price erosion due to patent infringement. She also addressed reasonable royalty rates due to patent infringement in *Brandeis University and GFA Brands Inc. v. Keebler Co. et al*. Dr. Saravia analyzed class certification, liability, and damages related to a breach of contract dispute in the hospitality industry.

##### Thought leadership

Dr. Saravia speaks and publishes frequently on competition issues. She won a *Concurrences* Antitrust Writing Award for her coauthored article, “Analyzing Incentives and Liability in ‘Hub-and-Spoke’ Conspiracies.” She has published research in *Global Competition Review*, including “Horizontal Merger Guidelines and Market Definition in Monopolization Cases” and “Standards for Assessing Bundled Discounts.”

Dr. Saravia has served as a lecturer in economics at the University of California, Berkeley. Before joining Cornerstone Research, she worked at the University of California Energy Institute.

View Bio

## Featured Experts

### Jonah Berger
###### Associate Professor of Marketing,
The Wharton School,
University of Pennsylvania

Jonah Berger is a renowned expert on word of mouth, influence, consumer behavior, and how products, ideas, and behaviors are shared and disseminated.

Professor Berger analyzes the impact of digital and traditional marketing, as well as social media, on consumer behavior and product demand. He specializes in using sophisticated quantitative tools, such as natural language processing and automated content analysis, to gain behavioral insights from textual data. He has also conducted hundreds of surveys in his academic work and has opined on surveys as an expert witness. In *Ciccio et al. v. SmileDirectClub LLC et al.*, for example, he rebutted a survey and analyzed marketing data to demonstrate the need for individualized inquiry. Professor Berger has frequently testified in depositions and at trial.

In his research, Professor Berger assesses how text in online reviews, customer service calls, press releases, marketing communications, and other interactions can be used to gain insights about the impact of marketing. He has also studied what makes certain online content go viral, the effects of negative publicity, and how assortment size influences brand perceptions and choice.

Professor Berger is the author of bestselling books on consumer behavior, including *Magic Words: What to Say to Get Your Way* (2023); *The Catalyst: How to Change Anyone’s Mind* (2020); *Invisible Influence: The Hidden Forces That Shape Behavior* (2016); and *Contagious: Why Things Catch On* (2013). Amazon cited *Contagious* among its Best Business Books of the Year.

Professor Berger has published over seventy academic articles, including in leading journals such as the *Journal of Marketing* and the *Journal of Consumer Research*. His coauthored article “What Makes Online Content Go Viral?” won Sage’s 2023 10-Year Impact Award, which recognizes articles with lasting influence in the decade since their publication. The *Journal of Marketing Research* https://group.sagepub.com/press-releases/sages-10-year-impact-awards-recognize-research-with-long-term-influencealso honored this article with its William F. O’Dell Award, for significant, long-term contribution to marketing theory, methodology, and/or practice.

The American Management Association named Professor Berger one of the top thirty leaders in business. He consults to major tech firms, global retailers, and leading nonprofit organizations.

Professor Berger has served on the editorial boards of the *Journal of Consumer Research*, the *Journal of Marketing Research*, *Marketing Science*, and the *Journal of Consumer Psychology*, among others. The *New York Times*, *Wall Street Journal*, and *Harvard Business Review* often cover his research.

At the Wharton School, Professor Berger has received multiple awards for excellence in research and teaching. He has taught courses on consumer behavior and marketing management, and his online course is one of the most popular in the world.

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Learn More##### About Us

For thirty-five years, Cornerstone Research staff have provided economic and financial analysis in all phases of commercial litigation and regulatory proceedings.

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Learn More##### Inclusiveness and Belonging

The varied backgrounds, experiences, and perspectives of our people strengthen our firm and enrich the support we provide to our clients and experts.

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Learn More##### Pro Bono

Cornerstone Research is committed to making a positive impact in the communities where we live and work.

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## Insights

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National Association for Business Economics Virtual Panel 19 August 2025### National Association for Business Economics Virtual Panel

Cornerstone Research Chief Technology and Innovation Officer Phil Leslie joins Ph.D.-trained economists on a panel during NABE Career week.

Cornerstone Research Advances Seven to Senior Vice President 14 August 2025### Cornerstone Research Advances Seven to Senior Vice President

The firm promoted seven senior staff across multiple practices and industries.

Cornerstone Research Promotes Fifteen to Principal 14 August 2025### Cornerstone Research Promotes Fifteen to Principal

The firm advanced fifteen senior staff across multiple practices and industries.

Pioneering the Future of Law: Mike DeCesaris Honored with Fastcase 50 Award 11 August 2025### Pioneering the Future of Law: Mike DeCesaris Honored with Fastcase 50 Award

Noted as “pioneering the intersection of artificial intelligence and legal analytics”

Lexology Index 2026: Competition – Economists 7 August 2025### Lexology Index 2026: Competition – Economists

A record 31 individuals—13 academic experts and 18 consulting professionals—are recommended for their outstanding antitrust and competition work.

Lexology Index Competition 2026: Competition Future Leaders – Economists 7 August 2025### Lexology Index Competition 2026: Competition Future Leaders – Economists

Four Cornerstone Research professionals recognized as the “pre-eminent names of the next generation” in antitrust and competition.

Lexology Index Competition 2026: Joanna Tsai Recognized as Global Elite Thought Leader 7 August 2025### Lexology Index Competition 2026: Joanna Tsai Recognized as Global Elite Thought Leader

Cornerstone Research’s merger investigations practice cohead recognized among the top 5% of competition economists worldwide.

5 Questions with Celeste Saravia: The Shifting Landscape of Antitrust 5 August 2025### 5 Questions with Celeste Saravia: The Shifting Landscape of Antitrust

We interview Celeste Saravia, cohead of Cornerstone Research’s antitrust and competition practice, to gain her insights on antitrust in the digital...

5 Questions with Joanna Tsai: Delivering Impactful Analysis in Mergers 5 August 2025### 5 Questions with Joanna Tsai: Delivering Impactful Analysis in Mergers

Joanna Tsai, cohead of Cornerstone Research’s merger investigations practice, offers insights on changes shaping competition economics today.

Securities Class Action Filings Remain Steady While Size of Filings Increased Substantially in First Half of 2025 30 July 2025### Securities Class Action Filings Remain Steady While Size of Filings Increased Substantially in First Half of 2025

Artificial intelligence-related filings on pace to far exceed 2024 total.

## How can we help you?

For more information or assistance with a specific matter, please contact us.

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