With more than 30 years experience in economics, Dr. May specializes in damage analysis and valuation. His expertise includes lost profits and enterprise value, damages from theft of trade secrets, trade dress and other intellectual property and consumer product mislabeling. Founder of DMA Economics, Dr. May also served as managing director at Berkley Research Group, principal in charge of valuation and litigation support services for a regional accounting firm, and managing director for PricewaterhouseCoopers. He also served as professor at the Massachusetts Institute of Technology Sloan School of Management. A widely published author, Dr. May’s articles have appeared in The Journal of Finance, The Quarterly Review of Economics and Finance, and the Hedge Fund Law Review. He is currently an editorial board member of The Journal of Business Valuation and Economic Loss Analysis. Dr. May has performed valuations of more than 200 closely held businesses for financial reporting and estate planning. He has testified in federal and state courts, as well as in AAA, JAMS, and FINRA arbitration cases.


  • Certified Public Accountant, Illinois
  • PhD, Financial Economics, University of Chicago, 1993
  • MBA, Finance, University of Chicago, 1987
  • BSBA, Accounting, Roosevelt University, 1985


  • Journal of Business Valuation and Economic Loss Analysis, Editorial Board Member
  • American Finance Association, Member
  • American Economic Association, Member
  • American Accounting Association, Member
  • MIT Leaders for Manufacturing Summer Teaching Award, 1995
  • PhD Fellowship, University of Chicago, Graduate School of Business, 1989 – 1993
  • Nanyang Technological University Teaching and Research Chair (first MIT Sloan School of Management junior faculty member to receive this endowed teaching and research chair), 1994 -­ 1997

* Partial bio; contact Humatec for comprehensive CV