Ironshore Insurance Ltd. v. Western Asset Management Company

Compass Lexecon affiliate David K.A. Mordecai filed multiple expert reports and provided deposition testimony on behalf of Ironshore Insurance in litigation against the company’s former asset manager, Western Asset Management Company. The dispute involved breach of contract and breach of fiduciary duty claims against Western Asset Management Company stemming from losses incurred by Ironshore on a fixed-income portfolio containing a large concentration of mortgage-backed securities. Dr. Mordecai was retained to evaluate the risks of the fixed-income portfolio and estimate damages. The case settled on December 30, 2013. We worked closely with Thorn Rosenthal and Whitney Smith at Cahill Gordon & Reindel LLP. Dr. Mordecai was assisted by Peter Clayburgh, Michael Kwak, Tristram Worth, and Ara Demirjian of Compass Lexecon’s Pasadena and New York offices.