Contingent Liability Forecasting for Environmental and Product Risk
SEC Financial Reporting Disclosures for Contingent Liabilities
Litigation and Environmental Due Diligence
Insurance Allocation, Reserving, and Excess Policy Buy-outs
Analysis of Asbestos Bankruptcy Trust Exposures and Recoveries
Auditing Procedures and Claim File Reviews
Economic Valuation of Loss
M.A., Financial Economics - American University
B.A., Economics - American University
B.A., Public Affairs - American University
Mr. Scarcella has over 20 years of experience as an economic consultant for mass tort litigation, specializing in quantitative methods and their applications in dispute resolution and strategic litigation management. He has extensive experience estimating litigation risk and economic damages related to environmental and product liability, including projections of latent personal injury claims. He has also developed economic models for estimating potential insurance recoveries due to environmental and product liability claims. Mr. Scarcella has developed forecasting models used to evaluate the impact of litigation and legacy liability on corporate financial management, transactions, and restructuring. His work has been leveraged in corporate financial disclosures for SEC reporting, bankruptcy reorganization, and due diligence for structured financial transactions.
Mr. Scarcella has acted as consulting or testifying expert on a number of complex insurance coverage cases. He has applied his expertise in forecasting future losses and litigation risks to the areas of asbestos, silica, pharmaceutical, medical device, water contamination, sports-related head trauma, tobacco litigation, and additional forms of deleterious substances and environmental toxins.
Mr. Scarcella has testified on matters of insurance allocation, 524(g) asbestos bankruptcy trust transparency, and potential plaintiff recoveries at both the state and federal level.
Trial testimony in First State Insurance Company and Twin City Fire Insurance Company vs. ACE Property & Casualty Insurance Co., et al., Montgomery County Court of Common Pleas, OH, September 2017.
Hearing testimony, in Poage vs. 3M Company, et al., Circuit Court for St. Louis, MO, August 2015.
Hearing testimony, in Catlett vs. A.W. Chesterton Company, et al., Circuit Court for Hamilton County, TN, June 2015.
Hearing testimony on H.R. 526, the “Furthering Asbestos Claim Transparency (FACT) Act of 2015,” US House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law, February 2015.
Hearing testimony, in Olin Corporation vs. Insurance Company of North America, et al., United States District Court for the Southern District of New York, January 2015.