Swati Kanoria

Principal
Swati Kanoria | Financial Services | Charles River Associates

Dr. Swati Kanoria has expertise in the analysis of market manipulation in both traditional financial markets and digital asset markets. Dr. Kanoria specializes in digital assets and cryptocurrencies, where she has been retained as an expert, and has also advised clients on class action lawsuits, market manipulation, and damages analysis in this area.

Dr. Kanoria’s additional industry expertise includes firm valuation and damages calculations. She has worked extensively on assessing synergies and valuation models in antitrust M&A cases. She frequently assists clients with damages analysis under different frameworks, such as lost profits and asset valuation, across financial and antitrust disputes.

Prior to joining CRA, Dr. Kanoria was a visiting scholar at the NYU Stern School of Business during the final year of her PhD. She completed a PhD in Finance and an MSc in Finance & Economics at Warwick Business School in the UK, where her research focused on empirical corporate governance and applied theory in banking. Her PhD research won both the Corporate Finance Best Paper and Corporate Governance Best Paper awards at academic conferences. At Warwick, she also taught several master’s and undergraduate courses related to corporate finance.

Dr. Kanoria has a certification in the Economics of Blockchain and Digital Assets from The Wharton School.

Selected engagements

  • 01
    CRA Finance team performs Section 12 damages analysis for digital assets
    The CRA team calculated losses using both exchange trading data produced in discovery and publicly available trading volume data for alternate assumptions...
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  • 02
    Bridge financing in $180 million merger dispute
    A CRA team was retained by counsel to support an external expert in a dispute arising from a failed $180 million planned merger. Central to the case were the...
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  • 03
    CRA Finance expert assists with criminal wire fraud matter
    She assisted counsel in analyzing market maker agreements, sales of a cryptocurrency token, alleged artificial volume generation, and associated investor...
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Credentials