Laarni Bulan has over a decade of experience consulting on complex litigation involving economic and financial issues. Dr. Bulan is an expert in corporate finance, specializing in securities, mergers and acquisitions (M&A) and other corporate transactions, firm valuation, risk management, executive compensation, and corporate governance matters. She leads large case teams and works closely with experts and attorneys at all stages of litigation through trial.
Dr. Bulan coleads Cornerstone Research’s securities settlements and derivative settlements initiatives. She also serves as cohead of the firm’s corporate governance practice. She is a member of the Advisory Board of the Institute for Law and Economics at the University of Pennsylvania Carey Law School.
Securities litigation
In securities class actions, Dr. Bulan has analyzed market efficiency, price impact, loss causation, and damages issues. She has supported clients in mediation, class certification, and motions for summary judgment, including a federal securities matter in which the judge denied class certification. She has also analyzed disclosure issues in Section 10(b) matters and underwriter due diligence issues in Section 11 matters.
Corporate transactions, M&A, and valuation
In a variety of settings and industries, Dr. Bulan has examined M&A and other corporate transactions disputes and conducted business enterprise valuations. She has addressed valuation issues related to minority buyouts, private equity and real estate transactions, and appraisal matters. In addition, she has analyzed the value of complex derivative securities and hedging instruments.
Executive compensation
Dr. Bulan has analyzed the incentive structure and reasonableness of executive and director compensation. She has evaluated issues related to compensation clawback policies as well as lost wages in employee termination disputes. Dr. Bulan has also analyzed the materiality of nonpublic information and alleged insider trading violations by corporate executives.
Corporate governance
In matters alleging breach of fiduciary duties, including derivative actions, Dr. Bulan has evaluated the activities of company directors and executives with respect to customary corporate governance practice. She has also assessed issues pertaining to alter ego/corporate veil piercing, successor liability, and “tone at the top.”
In The Hertz Corporation et al. v. Frissora et al., in which a federal judge granted summary judgment to Cornerstone Research’s client, Dr. Bulan supported multiple experts who addressed clawback claims related to a restatement of Hertz’s financial statements.
Thought leadership
Dr. Bulan has published numerous articles in peer-reviewed journals, including Financial Management, the Journal of Banking and Finance, the Journal of Economics and Business, and the Journal of Urban Economics. Her research covers dividend policy, capital structure, executive compensation, corporate governance, and real options.
Prior to joining Cornerstone Research, Dr. Bulan held a joint appointment at Brandeis University, where she served as an assistant professor of finance in the International Business School and also in the economics department.
Cornerstone Research Announces Senior Staff Promotions to Vice President and Principal
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