Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Ben Sheppard has joined the firm as a vice president in the Intellectual Property Practice based in Los Angeles. Mr. Sheppard is a Certified Public Accountant and a Certified Valuation Analyst, and specializes in litigation consulting and expert testimony, forensic investigations, and valuation assignments with a particular focus on the entertainment industry. “It is a pleasure to welcome Ben Sheppard to CRA and our California team,” said CRA's President and Chief Executive Officer Paul Maleh. “Ben’s experience expands the services we offer to clients facing challenges involving intellectual property and financial issues related to the entertainment industry. His more than 20 years of experience includes expert testifying roles as well as accounting positions with leading entertainment studios.” Mr. Sheppard’s litigation consulting experience includes entertainment and media industry accounting, lost profits and economic damages, valuation opinions, breach of contract, copyright infringement, trade secret misappropriation, and partnership accounting. He has advised on matters that include: supervising and preparing, on behalf of a major entertainment studio, business interruption insurance claims related to the events of 9/11; analyzing, for an insurance and asset management leader, the performance of more than 100 studio and independent motion pictures vis-à-vis recoupment against $1 billion worth of insurance-backed production loans; and performing, on behalf of an insurance and financial services provider, risk management due diligence analyses on two $1-billion motion picture asset resecuritization facilities for two leading entertainment studios. In addition, Mr. Sheppard has provided expert testimony in over 20 matters and has served as a court appointed independent expert involving a multi-billion dollar video game dispute. Mr. Sheppard joins CRA from Alix Partners where he was a director in the Entertainment Practice. Prior to that, he was the accounting director for Warner Home Video and held auditing roles at Metro-Goldwyn-Mayer, The Walt Disney Company, and Deloitte & Touche. Mr. Sheppard holds an MBA degree in Accounting and a BBA degree in Management Information Systems, both from the University of Houston.
Shares of CRA International (Nasdaq:CRAI) have taken a tremendous swing upward. The stock is trading at $24.92 as of 11:21 a.m. ET, 23.4% above Wednesday's closing price of $20.19. Volume is at 20,984, 0.5 times the daily average of 40,100.