Securities
LECG securities experts balance regulatory, business, & legal demands of litigation
Today’s securities litigation require companies to rely on trusted, experienced experts who can balance the regulatory, business, and legal demands of such cases. LECG securities experts are ex-SEC prosecutors, forensic accountants, discovery experts, damages and valuation experts, and nationally known economists who have balanced demands for some of the largest securities matters in the last decade.
LECG securities experts conduct independent analysis in legal disputes including corporate governance matters, insider trading allegations, market manipulation, stock price manipulation, and mergers and acquisitions disputes. Our experts transform raw data on the behavior of markets, corporations, and consumers into clear and concise reports. We give objective opinions with solid economic and statistical testimony. Our extensive industry experience complements our expertise in the analytic disciplines, and both enable us to accurately assess and cogently demonstrate how observed behavior affects market prices, business risk and liability and litigation processes.
LECG securities experts and finance professionals use quantitative tools to evaluate claims of market inefficiency, stock price manipulation, and market manipulation. Our experts also evaluate trading volume and insider trading components of alleged damages to estimate size of a class, ins and outs, and retained shares using a wide variety of approaches including single-trader and proportional decay trading models. We perform appraisal stock valuations according to alleged adjustments of previously reported financial disclosures in order to corroborate pro forma prices from market models.
Many class action securities complaints are based upon the contention that earnings were artificially inflated during a class period. LECG experts have extensive accounting expertise for independent, reliable reconstruction or restatement of financial accounts, and reversing alleged earnings manipulation.
We will identify public and private information of clients that could have been transmitted to the market through employees or close observers of the company during the alleged claim period. We also identify securities price and risk relationships between a company and its competitors. This often involves constructing custom indices of competitors' price performance. The indices are then used in statistical analyses which evaluate the return/risk characteristics of the company's securities.
LECG electronic discovery and computer forensics experts assist clients in reacting to time-sensitive document requests for SEC investigations. We can negotiate the scope of the discovery request and assist in the gathering and producing data.
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