Jeffrey Armstrong is an economist in the Econ One DC office with twenty years of experience in litigation consulting in antitrust matters. Most recently, Dr. Armstrong’s practice has focused on financial markets including the LIBOR manipulation scandal as well as antitrust investor class actions involving complex financial products such as interest rate swaps, credit derivatives and financial benchmarks.
He has published on the topic of LIBOR and the pros and cons of alternative interest rate benchmarks that will replace LIBOR.* He has assisted clients in the financial sector with LIBOR transition operations including the evaluation of alternative benchmarks, managing the transition process, and compliance with financial regulatory guidelines.
At Econ One, Dr. Armstrong brings deep experience as an antitrust economist in complex antitrust cases and damages quantification involving allegations of monopolization, collusion and vertical restraints in numerous types of business products, consumer goods and services.
Dr. Armstrong also has experience in other commercial disputes including false advertising, securities class actions, and large-scale databases and documents to assist clients and support expert testimony.
Dr. Armstrong holds a Ph.D. in economics with specializations in applied econometrics and industry and market structure. He and has taught economics and statistics at universities in the U.S. and abroad. He has published in peer-reviewed economics journals, legal trade press, and contributed to book chapters on competition, market dynamics, and technological innovation.
* For recent articles by Dr. Armstrong about the LIBOR transition, see “Libor Replacement Must Factor in Fed’s Influence Over SOFR,” Law360, September 9, 2021; “Credit-Sensitive Benchmarks Can Help Overcome Libor Transition Obstacles Related to SOFR,” Law360, July 16, 2021; and “COVID-19 Crisis Exposes Libor Replacement’s Weaknesses,” Law360, March 27, 2020.