- CFA Institute
Senior Managing Director at FTI Consulting Inc
Stephen D Prowse is a senior managing director in FTI Consulting Inc’s Dallas office, where he provides clients with economic, valuation, statistical and financial consulting services involving IP matters. Dr Prowse holds a PhD in economics from the University of California, Los Angeles, is a chartered financial analyst and a former Federal Reserve economist. He is a nationally recognised consultant and expert and has almost 20 years’ experience assessing economic damages in patent, copyright, trademark, trade secret and false advertising matters. He also has experience advising companies on the valuation and licensing of their intellectual property.
Dr Prowse has calculated reasonable royalties, lost profits, lost convoyed sales and price erosion damages in numerous IP matters. He has performed studies of the market where the patented product is sold, determined the value of the patented feature to the end product and calculated the economic value of the intellectual property at issue. He has analysed the commercial success of patented products and whether such success is due to the patented features. Dr Prowse has provided expert testimony on these issues in state and federal courts across the country and in international and domestic arbitration.
He has also performed numerous valuation projects relating to intellectual property. He has determined royalty rates and other terms for licensing agreements between related entities and provided consulting advice in licensing negotiations.
Dr Prowse has also conducted economic analyses in numerous International Trade Commission (ITC) 337 investigations. He has evaluated economic and market factors relevant to the existence of a domestic industry, the appropriate bond rate, the appropriateness of limited and general exclusion orders and public interest factors. He has also performed economic analyses in assessing civil penalties in ITC enforcement actions.
His experience covers a variety of industries, including semiconductors, pharmaceuticals, medical devices, mobile computing devices, telecommunications, financial services, computer software, oil and gas, chemicals and manufacturing.
He has published his research in leading publications such as the Litigation Services Handbook and the Journal of Finance.