Daniel R. Fischel

Background

Fischel was born in Highland Park, Illinois.

Education

Bachelor in American History, Cornell University, 1972. Master of Arts in American History, Brown University, 1974. Juris Doctor cum laude, University Chicago, 1977.

Career

He co-founded Lexecon, and is now chairman and president of Compass Lexecon (now renamed Competition Policy Associates Incorporated). In American history from Brown University in 1974. Fischel received his Juris Doctor cum laude from University of Chicago"s Law school in 1977, where he was comment editor of the law review and elected to the Order of the Coif.

After graduation, Fischel clerked for Judge Thomas East. Fairchild of the Seventh Circuit Court of Appeals and Justice Potter Stewart of the Supreme Court of the United States.

He taught at Northwestern University Law School from 1980 to 1983, the last year of which he was a visiting professor at his alma mater. He also drew controversy in 2009 for his purchase of a condominium in New York for over $8 million dollars, which he sold for nearly $12 million in 2012.

As an expert witness, Fischel testified on behalf of Charles Keating, Ken Lay, and Jeffrey Skilling. His work concerning the collapse of Lincoln Savings and Loan upset plaintiffs" law firm Milberg Weiss, leading Fischel and Lexecon to file a defamation and abuse of process suit, which led to a Supreme Court decision about multi-district litigation (Lexecon Incorporated. v.

Milberg Weiss Bershad Hynes & Lerach, 523 United States. 26 (1998)) and a $50 million settlement paid to him and/or his firm.

A panel of the Tenth Circuit Court of Appeals reversed the conviction of Joseph Nacchio over alleged insider trading of Qwest because Judge Edward Nottingham would not let Fischel testify on Nacchio"s behalf. but the entire Circuit en banc reversed the reversal and Nacchio ultimately served jail time (being released in ≤2013). Fischel co-authored with Frank Easterbrook The Economic Structure of Corporate Law (Harvard University Press, 1991). His book, "Payback", argued that the prosecution of Michael Milken was unjust.

Achievements

• Daniel R. Fischel has been listed as a noteworthy law educator by Marquis Who's Who.

Works

More photos

• book

  • Payback: Conspiracy to Destroy Michael Milken and His Financial Revolution, The

    (Leading Conservative Economist Explodes the Myths of the ...)

  • Payback: The Conspiracy to Destroy Michael Milken and His Financial Revolution Hardcover - July, 1995
  • Payback: Conspiracy to Destroy Michael Milken and His Financial Revolution, The Paperback September 19, 1996
  • Payback: The Conspiracy to Destroy Michael Milken and His Financial Revolution 1st edition by Fischel, Daniel R., Fischel, Daniel (1995) Hardcover

• Other Work

  • Co-author (with F.H. Easterbrook): The Economic Structure of Corporate Law, 1991. Author: Payback: The Conspiracy to Destroy Michael Milken and His Financial Revolution, 1995.

Membership

Member of American Finance Association, American Economic Association.