Daniel Fischel is Chairman and President of Compass Lexecon and is based in Chicago. His areas of expertise are securities, corporation law, regulation of financial markets, and the application of the economics of corporate finance to problems in these areas. He has been cited by state and federal courts at all levels including the United States Supreme Court. Fischel has given expert testimony on numerous occasions in federal and state courts, before arbitration panels, and in regulatory proceedings in the areas of securities, commodities, corporation law, regulation of financial markets, and the application of the economics of corporate finance. He was, for example, the principal damages witness for the United States Department of Justice in a series of breach of contract cases involving over $100 billion, commonly called the Winstar cases.
Fischel has published widely in books and scholarly journals. His article “Use of Modern Finance Theory in Securities Fraud Cases Involving Actively Traded Securities,” Business Law 1 (1982), is the seminal article describing the application of financial economics to securities fraud litigation. He is also co-author of The Economic Structure of Corporate Law with Judge Frank H. Easterbrook. He is the Lee and Brena Freeman Professor of Law and Business, Emeritus at the University of Chicago.