Rigorous Analysis, Clearly Communicated®


University of Chicago
PhD (Financial Economics)
MBA (Finance)

Roosevelt University
BSBA (Accounting)

State of Illinois
CPA (Certified Public Accountant)

Employment History ​

DMA Economics
Managing Partner
2015 – present

Berkeley Research Group
Managing Director
2013 – 2015

Grassi & Company
Principal and Practice Leader in Charge of Forensic, Litigation Support and Valuation Services
2012 – 2013

Marks Paneth & Shron
2010 – 2012

Managing Partner
2007, 2009

Analysis Group
Vice President
2006 – 2007

NERA Economic Consulting
Senior Consultant
2004 – 2006​

Managing Director
1998 – 2003

Massachusetts Institute of Technology
Assistant Professor
1993 – 1998


As a former MIT finance professor with extensive testifying experience, Dr. May is a world-class expert in the valuation of damages. With his invaluable experience in testifying in arbitrations as well as state and federal court, Dr. May represents what sets us apart from others—our solid knowledge base and experience.

Don May is Managing Partner at DMA Economics LLC and possesses over 30 years’ experience in consulting, valuation and litigation support as well as researching, publishing and teaching at the university level.  His experience includes implementing a broad range of damage analyses and valuations for businesses of various sizes and in numerous industries.  Prior to founding DMA Economics LLC, Dr. May was Managing Director at Berkley Research Group and the Principal in charge of valuation and litigation support services for a regional accounting firm, a Managing Director for PricewaterhouseCoopers and a professor at the Massachusetts Institute of Technology – Sloan School of Management.

Dr. May has prepared expert reports and testified in federal and state courts as well as AAA, JAMS, and FINRA arbitration hearings and has also effectively communicated as an expert witness testifier and consultant in several multi-million dollar cases.

Dr. May has been published in several distinguished academic and practitioner journals such as The Journal of Finance, The Quarterly Review of Economics and Finance, Hedge Fund Law Review, and is currently an editorial board member of The Journal of Business Valuation and Economic Loss Analysis.

Some examples of recent matters Dr. May has been asked to evaluate, analyze and/or opine on include the valuation of damages related to:

  • Misrepresentations in leveraged buyout (“LBO”) financing practices

  • Theft of trade secrets, trade dress and intellectual property

  • Food product mislabeling

  • Accounting misstatements in public and private company acquisitions

  • Lost profits and lost enterprise value associated with product defects and breach of contract

  • Securities fraud under SEC Section 10b-5 and Section 11

Dr. May has also performed over 200 valuations of closely held businesses across numerous industries for financial reporting and estate planning.