Biography of Stephen E. Sellick, M.A.

Stephen E. Sellick is an experienced consultant specializing in the management of complex quantitative analysis of litigation matters, particularly projects in environmental, mass tort, and product liability claims. He earned a Master's Degree in Public Policy Studies from the University of Chicago and a Bachelor of Sciences degree in Economics from the Wharton School of the University of Pennsylvania.

From February 2001 through July 2007, he was a Director and then Managing Director of LECG, in that firm's Environment and Insurance Claims Practice. Prior to that time, Mr. Sellick was a Vice President and Principal of PA Consulting. He began his career at Putnam, Hayes & Bartlett, Inc., an economic and financial consulting firm.

Mr. Sellick has evaluated many claims in the context of insurance allocation, internal management, cost allocation, cost recovery, and litigation risk analysis. He also participates in studies involving regulatory economics (such as for the Postal Rate Commission), cost accounting, and financial analysis. Mr. Sellick has completed assignments for clients in the insurance, consumer manufacturing, electronics, aerospace, natural gas, pharmaceutical, electric utility, and agricultural products industries.

Mr. Sellick has been engaged by clients at over 1,000 environmental sites; and has been directly involved in the cost estimation and/or insurance allocation of over $750 million in asbestos, silica, mixed dust, and hazardous waste settlements between numerous insurers and policyholders. He has also served as an expert witness in court cases related to such matters.

Among other engagements, Mr. Sellick:

• Worked with numerous companies to develop probabilistic or other appropriate models to evaluate their potential future silica and asbestos liability (both products and non-product claims) for purposes of obtaining insurance and/or other financial products to aid in managing that liability, for due diligence in financial transactions, and to assist in financial disclosures.
• Provided settlement assistance for a Fortune 50 diversified manufacturing client in a bankruptcy proceeding. Mr. Sellick reviewed the likely future remediation-related costs at a closed manufacturing site, resulting in a successful settlement of the client's claim against a company in liquidation.
• Employed probabilistic litigation risk analysis to advise a paper industry client on ligation, remediation, and settlement strategies regarding a significant environmental claim related to natural resource damages.
• Developed probabilistic litigation risk models to enhance a client's ability to think strategically about a high-profile residential mercury contamination matter and to quantify the costs of resolving consequential litigation.
• Assisted counsel in developing a quantitative model to value the direct and ancillary costs associated with a major product recall in the agricultural products industry for purposes of incorporating the liability valuation into an acquisition bid.
• Employed probabilistic techniques for litigation risk analysis in stand-alone assignments and in the context of other litigation-related matters. These assignments presented an analytical framework to value, analyze, and better understand litigation issues confronting a client.