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Charles River Associates (CRA) Expands Its Finance Practice

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Marti P. Murray of Murray Analytics, Inc. has affiliated with the Company’s Finance Practice as a Senior Consultant.

“We are excited to welcome Marti as a Senior Consultant to our Finance Practice,” said CRA President and Chief Executive Officer Paul Maleh. “Marti has more than 40 years of experience that spans bankruptcy and restructuring advisory, corporate credit, distressed debt, investment advisory, and commercial and SEC-related litigation support, as well as industry custom and practice for investment advisers, hedge funds, and private equity.”

“Marti has an impressive track record of advising clients on issues related to financial distress, business and securities valuation, solvency, and fraud,” said Dr. Mukarram Attari, Vice President & Finance Practice Co-Leader. “We look forward to working with her.”

“Marti shares our analytically rigorous, evidence-based approach to solving complex problems and is joining a talented team of experts that advise CRA clients in high-stakes and high-profile legal disputes,” said Stephen O’Neil, Vice President & Finance Practice Co-Leader.

Ms. Murray was previously the Founder, President, and Portfolio Manager of Murray Capital Management, Inc., an SEC-registered, distressed-debt hedge fund firm, the business of which was later acquired by a large investment management firm. She has served on numerous boards of directors and acted as a court-appointed SEC Monitor and Receiver for an investment adviser accused of fraud.

From 2001 to 2013, Ms. Murray was an adjunct professor at New York University’s Stern School of Business, where she taught courses in bankruptcy, distressed debt investing, and equity analysis and valuation. She is a Certified Valuation Analyst and a Certified Fraud Examiner, with expertise in fraud prevention, detection, and deterrence. Ms. Murray has an MBA in Finance from the Stern School of Business and a BA in World Affairs and Chinese from Colgate University.

About CRA’s Finance Practice

CRA’s Finance Practice focuses on providing expert testimony in legal disputes relating to securities trading and markets, company valuations, bankruptcy and solvency, and damages to companies, shareholders, and other interested parties.

About Charles River Associates (CRA)

Charles River Associates® is a leading global consulting firm specializing in economic, financial, and management consulting services. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Instagram, and Facebook.

SAFE HARBOR STATEMENT

Statements in this press release concerning the affiliation of Marti Murray and the expansion of CRA’s Finance Practice, and any future business Ms. Murray may generate for CRA, are “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially due to many important factors. Such factors that could cause actual performance or results to differ materially from any forward-looking statements made by CRA include, among others: the failure to generate engagements for us; the potential loss of clients; the demand environment; global economic conditions; foreign exchange rate fluctuations; and intense competition. Additional potential factors that could affect our financial results are included in our periodic filings with the Securities and Exchange Commission, including those under the heading “Risk Factors.” We cannot guarantee any future results, levels of activity, performance, or achievement. We undertake no obligation to update any forward-looking statements after the date of this press release, and we do not intend to do so.

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