Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Gopal Das Varma has rejoined the firm as a vice president in the Antitrust & Competition Economics Practice based in Washington, DC. Dr. Das Varma brings more than 15 years of experience in government, academia, and private sector economic consulting. From 2012 to 2016, he was an economist in the Antitrust Division of the US Department of Justice (DOJ) where he worked on the investigation of proposed mergers and potential anti-competitive conduct in a wide variety of industries. "We are pleased to welcome Gopal Das Varma back to Charles River Associates," said CRA's President and Chief Executive Officer Paul Maleh. "His regulatory work on acquisition matters while at the US Department of Justice make him a strong addition to our antitrust and competition economics team." Among matters that Dr. Das Varma worked on while at the DOJ are US Airways' acquisition of American Airlines, Comcast's proposed acquisition of Time Warner Cable, Flakeboard's proposed acquisition of Sierra Pine's wood fiber products mills, transfer of Newark Airport Slots by Delta Airlines to United Airlines, and Blue Cross and Blue Shield of Michigan's use of most-favored nation clauses in its hospital contracts. Dr. Das Varma was previously a principal at CRA from 2005 to 2011. During this time, he provided expert advice to clients in the context of antitrust litigation and merger reviews. Prior to that, he was a tenure-track faculty member in Duke University's Fuqua School of Business where he taught MBA and PhD level courses in industrial organization, game theory, business strategy, and law and economics. His research has appeared in prominent peer-reviewed journals, such as the RAND Journal of Economics, the Journal of Industrial Economics, and Antitrust Magazine . Dr. Das Varma holds a PhD in Economics from Northwestern University, a Post-Graduate Diploma in Management from the Indian Institute of Management, and a BE in Electronics and Telecommunications from Jadavpur University.
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.