MDC Financial Research provides specialized investment research focusing on significant legal disputes involving public companies, such as intellectual property disputes, antitrust cases, and mergers and acquisitions. Founded by Michael D. Cohen, MDC Financial Research primarily serves institutional investors like hedge funds, though individual investors with institutional-level sophistication may also subscribe. The primary service, known as Event-Driven Legal, delivers research and analysis through emails, written reports, and phone calls to help clients identify potential market catalysts and share-price impacts. MDC Financial Research also offers customized Special Research Projects upon request. MDC Financial Research does not manage client portfolios, have authority to make trades without asking first, or hold client funds.