Andrew Granato
@agranato42.bsky.social
PhD candidate in financial economics at Yale; JD ‘24. "We are selling to willing buyers at the current fair market price - so that we may survive." Site: https://sites.google.com/view/andrewgranato/
Disgraced former Apollo CEO Leon Black reportedly consulted with Jeffrey Epstein on use of GRATs to dodge estate & gift tax. I searched the Epstein files and found a doc that appears to show that in 2015, Black held over 70% of his family office (value in the billions) in GRATs.
February 2, 2026 at 8:05 PM
Disgraced former Apollo CEO Leon Black reportedly consulted with Jeffrey Epstein on use of GRATs to dodge estate & gift tax. I searched the Epstein files and found a doc that appears to show that in 2015, Black held over 70% of his family office (value in the billions) in GRATs.
Reposted by Andrew Granato
BREAKING: The Tribune confirmed on Instagram that the man shot has died, according to two sources with knowledge of the incident.
ICE attempted to order local police from the scene, but Chief Brian O'Hara refused, sources also told the Tribune. O'Hara instructed his officers to preserve the scene.
ICE attempted to order local police from the scene, but Chief Brian O'Hara refused, sources also told the Tribune. O'Hara instructed his officers to preserve the scene.
Man shot by federal agent in south Minneapolis www.startribune.com/ice-raids-mi...
January 24, 2026 at 4:36 PM
BREAKING: The Tribune confirmed on Instagram that the man shot has died, according to two sources with knowledge of the incident.
ICE attempted to order local police from the scene, but Chief Brian O'Hara refused, sources also told the Tribune. O'Hara instructed his officers to preserve the scene.
ICE attempted to order local police from the scene, but Chief Brian O'Hara refused, sources also told the Tribune. O'Hara instructed his officers to preserve the scene.
Reposted by Andrew Granato
Recommended, especially for the insightful point about private equity as a solution to "partner runs."
A couple years ago, for my professional responsibility class I wrote up a paper on what happened to the lawyers at Dewey & LeBoeuf and the implications for partnership governance in the legal industry. It'll be formally published in the UC Law Business Journal! papers.ssrn.com/sol3/papers....
After the “Partner Run”: the Dewey & LeBoeuf Diaspora
<p><span>“Partner runs” – mass, near-instantaneous departures of partners from distressed law firms – are a distinctive feature of the American legal profession
papers.ssrn.com
January 21, 2026 at 5:25 PM
Recommended, especially for the insightful point about private equity as a solution to "partner runs."
A couple years ago, for my professional responsibility class I wrote up a paper on what happened to the lawyers at Dewey & LeBoeuf and the implications for partnership governance in the legal industry. It'll be formally published in the UC Law Business Journal! papers.ssrn.com/sol3/papers....
After the “Partner Run”: the Dewey & LeBoeuf Diaspora
<p><span>“Partner runs” – mass, near-instantaneous departures of partners from distressed law firms – are a distinctive feature of the American legal profession
papers.ssrn.com
January 21, 2026 at 5:22 PM
A couple years ago, for my professional responsibility class I wrote up a paper on what happened to the lawyers at Dewey & LeBoeuf and the implications for partnership governance in the legal industry. It'll be formally published in the UC Law Business Journal! papers.ssrn.com/sol3/papers....
Reposted by Andrew Granato
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Statement by Federal Reserve Chair Jerome H. Powell
YouTube video by Federal Reserve
www.youtube.com
January 12, 2026 at 12:35 AM
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Liked this paper, "Judge Ideology and Corporate Tax Planning," a lot. When the federal Circuit Court of a firm's headquarters becomes more liberal, firms reduce the aggressiveness of their tax planning (proxied by effective tax rate and certain higher-risk maneuvers). papers.ssrn.com/sol3/papers....
January 5, 2026 at 7:35 PM
Liked this paper, "Judge Ideology and Corporate Tax Planning," a lot. When the federal Circuit Court of a firm's headquarters becomes more liberal, firms reduce the aggressiveness of their tax planning (proxied by effective tax rate and certain higher-risk maneuvers). papers.ssrn.com/sol3/papers....
Reposted by Andrew Granato
Year 1 data on congestion pricing in Manhattan…
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
December 23, 2025 at 2:00 PM
Year 1 data on congestion pricing in Manhattan…
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
* Vehicle traffic: -11%
* Foot traffic: +3.4%
* Storefront vacancy: -0.9%
* Pollution: -22%
* Revenue for mass transit: $548M
So YES this has been a huge success.
I learned a lot from this paper, Valuing Litigation Assets by Robert Weber. Burford Capital, the largest publicly traded litigation finance company, was reporting the fair value of their litigation claims on their quarterly reports using expected value methods that didn't use time value of money!
December 16, 2025 at 11:48 PM
I learned a lot from this paper, Valuing Litigation Assets by Robert Weber. Burford Capital, the largest publicly traded litigation finance company, was reporting the fair value of their litigation claims on their quarterly reports using expected value methods that didn't use time value of money!
Reposted by Andrew Granato
The American Economic Association's Committee on the Job Market surveyed Economics Departments in the U.S. regarding their plans to hire assistant professors this cycle (2025-26). 29.7% said that their department was under a hiring freeze.
1/3
#EconSky #EconJobMarket
1/3
#EconSky #EconJobMarket
December 1, 2025 at 10:02 PM
The American Economic Association's Committee on the Job Market surveyed Economics Departments in the U.S. regarding their plans to hire assistant professors this cycle (2025-26). 29.7% said that their department was under a hiring freeze.
1/3
#EconSky #EconJobMarket
1/3
#EconSky #EconJobMarket
Reposted by Andrew Granato
You think this is a niche story, but turns out something like 1/3 of the wealth of the top .1% richest Americans -- prob more than $5 trillion -- is in trusts that will never pay a penny of inheritance tax. Let's fix that, eh?
Source: SSRN eLibrary share.google/AC0TBnGCCASz...
Source: SSRN eLibrary share.google/AC0TBnGCCASz...
November 28, 2025 at 6:38 AM
You think this is a niche story, but turns out something like 1/3 of the wealth of the top .1% richest Americans -- prob more than $5 trillion -- is in trusts that will never pay a penny of inheritance tax. Let's fix that, eh?
Source: SSRN eLibrary share.google/AC0TBnGCCASz...
Source: SSRN eLibrary share.google/AC0TBnGCCASz...
The Second Circuit has ruled for the Commissioner in this case, on the grounds that Pascucci does not have a sufficient "property interest" in the fund in which the life insurance policy made an investment. Life insurance doctrine holds. www.taxnotes.com/research/fed...
November 26, 2025 at 8:36 PM
The Second Circuit has ruled for the Commissioner in this case, on the grounds that Pascucci does not have a sufficient "property interest" in the fund in which the life insurance policy made an investment. Life insurance doctrine holds. www.taxnotes.com/research/fed...
Reposted by Andrew Granato
Wrote a new paper on the econometrics of financial event studies, would value feedback! It's very new.
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
November 19, 2025 at 4:43 AM
Wrote a new paper on the econometrics of financial event studies, would value feedback! It's very new.
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
Reposted by Andrew Granato
Before Switzerland’s largest life insurance company agreed to pay the U.S. government more than $77 million for facilitating tax evasion, it arranged private placement life insurance policies for Russian oligarchs, leaked documents from @icij.org show.
Read more: https://taxnotes.co/3XdFjUq
Read more: https://taxnotes.co/3XdFjUq
November 25, 2025 at 4:39 PM
Before Switzerland’s largest life insurance company agreed to pay the U.S. government more than $77 million for facilitating tax evasion, it arranged private placement life insurance policies for Russian oligarchs, leaked documents from @icij.org show.
Read more: https://taxnotes.co/3XdFjUq
Read more: https://taxnotes.co/3XdFjUq
I'm quoted in the latest @laurenloricchio.bsky.social + @chandrawallace.bsky.social @taxnotes.com investigation of the "offshore" life insurance industry, which found a Russian oligarch with a $430 million policy. Article here: www.taxnotes.com/tax-notes-to...
November 24, 2025 at 11:04 PM
I'm quoted in the latest @laurenloricchio.bsky.social + @chandrawallace.bsky.social @taxnotes.com investigation of the "offshore" life insurance industry, which found a Russian oligarch with a $430 million policy. Article here: www.taxnotes.com/tax-notes-to...
Expert Asymmetry reviewed in JOTWELL!
Jotwell Courtslaw:
Sergio J. Campos, You Get What You Pay For: Experts in Securities Class Actions, JOTWELL (November 12, 2025), courtslaw.jotwell.com/you-get-what....
Sergio J. Campos, You Get What You Pay For: Experts in Securities Class Actions, JOTWELL (November 12, 2025), courtslaw.jotwell.com/you-get-what....
November 13, 2025 at 3:25 PM
Expert Asymmetry reviewed in JOTWELL!
Excited to announce this paper has been accepted at the Journal of Empirical Legal Studies! Thank you to BC Law,
where I happened to be presenting it today. We have a couple more presentations between now and the due date to continue refining, and an updated version is up on SSRN.
where I happened to be presenting it today. We have a couple more presentations between now and the due date to continue refining, and an updated version is up on SSRN.
NEW PAPER: Expert Asymmetry. When there is a "battle of the experts," civil procedure rules mean that defendants spend more on expert witnesses. In a decade of handcollected securities litigation data, Ds spend 37% more on economist experts (avg $1,150/hour). Draft: papers.ssrn.com/sol3/papers....
September 30, 2025 at 3:01 AM
Excited to announce this paper has been accepted at the Journal of Empirical Legal Studies! Thank you to BC Law,
where I happened to be presenting it today. We have a couple more presentations between now and the due date to continue refining, and an updated version is up on SSRN.
where I happened to be presenting it today. We have a couple more presentations between now and the due date to continue refining, and an updated version is up on SSRN.
If you're at BC Law, I will be presenting Expert Asymmetry: Evidence from Securities Litigation in the Regulation and Markets Workshop today! www.linkedin.com/posts/boston...
Andrew Granato (Yale School of Management): "Expert Asymmetry: "Evidence from Securities Litigation" | Boston College Law School
BC Law welcomes Andrew Granato, Ph.D. Candidate from Yale School of Management for our Regulation and Markets workshop! Granato will be presenting on his work in progress "Expert Asymmetry: Evidence ...
www.linkedin.com
September 29, 2025 at 4:43 PM
If you're at BC Law, I will be presenting Expert Asymmetry: Evidence from Securities Litigation in the Regulation and Markets Workshop today! www.linkedin.com/posts/boston...
Reposted by Andrew Granato
NEW: Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social), and Belisa Pang (@umichlaw.bsky.social) argue that differing incentives faced by plaintiffs and defendants in “battles of the experts” litigation leads to structurally higher spending by defendants on expert witnesses.
Corporate Defendants Significantly Outspend Plaintiffs in Expert Witness Arms Races - ProMarket
In new research, Adam Callister, Andrew Granato, and Belisa Pang argue that differing incentives faced by plaintiffs and defendants in "battles of the experts" litigation (like securities suits) leads to structurally higher spending by defendants on expert witnesses. These incentives also apply to any class action suit and many individual suits. They argue that courts should take this dynamic into account and correspondingly be more aggressive in using authority to employ court-appointed experts.
www.promarket.org
September 11, 2025 at 4:00 PM
NEW: Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social), and Belisa Pang (@umichlaw.bsky.social) argue that differing incentives faced by plaintiffs and defendants in “battles of the experts” litigation leads to structurally higher spending by defendants on expert witnesses.
Update to this paper with a variety of additional robustness analysis just pushed to SSRN! I'll be presenting it at the Conference on Empirical Legal Studies and Boston College Law School Regulation & Markets Workshop this fall.
NEW PAPER: Expert Asymmetry. When there is a "battle of the experts," civil procedure rules mean that defendants spend more on expert witnesses. In a decade of handcollected securities litigation data, Ds spend 37% more on economist experts (avg $1,150/hour). Draft: papers.ssrn.com/sol3/papers....
August 23, 2025 at 3:22 PM
Update to this paper with a variety of additional robustness analysis just pushed to SSRN! I'll be presenting it at the Conference on Empirical Legal Studies and Boston College Law School Regulation & Markets Workshop this fall.
I am on the legal academic job market! My job talk paper is on how courts in tax, corporate, and bankruptcy law spheres value business interests systematically differently, such that the same asset is "worth" different amounts of money depending on the substantive underlying law.
August 12, 2025 at 3:48 PM
I am on the legal academic job market! My job talk paper is on how courts in tax, corporate, and bankruptcy law spheres value business interests systematically differently, such that the same asset is "worth" different amounts of money depending on the substantive underlying law.
Thanks @andrewkjennings.com @busscholarship.bsky.social for having us on to talk about expert witnesses!
Which expert witnesses get paid the most, and who do they work for?
Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social) and Belisa Pang (@umichlaw.bsky.social) join @busscholarship.bsky.social to discuss their article "Expert Asymmetry: Evidence from Securities Litigation." 1/2
Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social) and Belisa Pang (@umichlaw.bsky.social) join @busscholarship.bsky.social to discuss their article "Expert Asymmetry: Evidence from Securities Litigation." 1/2
Business Scholarship Podcast - Ep.252 – Adam Callister, Andrew Granato and Belisa Pang on Expert...
YouTube video by Business Scholarship Podcast
youtu.be
July 21, 2025 at 2:08 PM
Thanks @andrewkjennings.com @busscholarship.bsky.social for having us on to talk about expert witnesses!
Reposted by Andrew Granato
One of best public universities on one of the five most beautiful campuses in the country. Decimated.
Indiana University Bloomington to Eliminate or Suspend Over 100 Academic Programs in Sweeping Restructuring - The Bloomingtonian
BLOOMINGTON, Ind. — Indiana University Bloomington is suspending or eliminating more than 100 academic programs across a wide range of disciplines ahead of the 2026-27 academic year. The programs are ...
bloomingtonian.com
July 1, 2025 at 3:00 AM
One of best public universities on one of the five most beautiful campuses in the country. Decimated.
In 2021, I wrote about a result that occurs when the sum of the marginal federal & state income and capital gains tax rates exceeds 100%: it becomes outright more profitable for top-rate taxpayers to donate low-basis assets than sell them. medium.com/@agranato/wh...
When Donating to Charity Makes the Rich Richer: A Loophole in Raising Capital Gains Taxes
A confluence of proposed tax provisions means that, under some limited circumstances, a rich person donating will increase their wealth.
medium.com
June 26, 2025 at 3:13 PM
In 2021, I wrote about a result that occurs when the sum of the marginal federal & state income and capital gains tax rates exceeds 100%: it becomes outright more profitable for top-rate taxpayers to donate low-basis assets than sell them. medium.com/@agranato/wh...
NEW PAPER: Expert Asymmetry. When there is a "battle of the experts," civil procedure rules mean that defendants spend more on expert witnesses. In a decade of handcollected securities litigation data, Ds spend 37% more on economist experts (avg $1,150/hour). Draft: papers.ssrn.com/sol3/papers....
June 18, 2025 at 2:50 PM
NEW PAPER: Expert Asymmetry. When there is a "battle of the experts," civil procedure rules mean that defendants spend more on expert witnesses. In a decade of handcollected securities litigation data, Ds spend 37% more on economist experts (avg $1,150/hour). Draft: papers.ssrn.com/sol3/papers....
Reposted by Andrew Granato
California's Senator Alex Padilla is dragged out of a Kristi Noem press conference by security, then forced on the ground and cuffed. Stills from video:
June 12, 2025 at 6:41 PM
California's Senator Alex Padilla is dragged out of a Kristi Noem press conference by security, then forced on the ground and cuffed. Stills from video: