Securities and Finance

Securities Class Actions

Securities Class Actions

Economists are often used as consultants and expert witnesses in matters involving securities fraud. However, our work often begins well before a case makes its way into the courtroom. When engaged early on and throughout the life of a case, economists can be important members of the team crafting appropriate legal strategy.

Even before the case gets underway, clients often ask us to estimate the exposure and the amount that defendants are likely to pay if the case settles. Using our knowledge of plaintiff-style damage calculation methodologies and our proprietary database of information on hundreds of prior shareholder class action settlements, NERA provides estimates for both of these figures to help counsel better assess the magnitude of the case.

NERA also helps clients deal with the early phases of arguments about whether or not a case should proceed. Specifically, if there is a class action, we provide the information about whether the market in which securities traded was efficient and on the extent of conflicts among class members. Depending on the case, we may also be able to point out economic arguments in favor of or against defendant liability. This information can be used in discussions with opposing parties. If the case does proceed, NERA provides additional arguments on liability and performs more refined damage analyses used in settlement negotiations or at trial.

We are often asked to critique opposing expert reports and analyses, pointing out their strong and weak points, any methodological errors and, when appropriate, to help counsel prepare Daubert motions to exclude opposing testimony.

Name Title Location Phone Email
Lucy P. Allen Managing Director New York City +1 212 345 5913
Dr. Vinita Juneja Managing Director
Chair of NERA's White Collar, Investigations and Enforcement Practice
New York City
+1 212 345 3148
+44 20 7659 8618
+1 416 868 7314
Dr. Denise Neumann Martin Managing Director New York City +1 212 345 5296
Dr. Faten Sabry Managing Director
Chair of NERA's Global Securities and Finance Practice
Bankruptcy Practice Chair
New York City
+1 212 345 3285
+44 20 7659 8618
Adam Warren Managing Director Chicago +1 (312) 573-2821
Bradley A. Heys Director Toronto
New York City
+1 416 868 7312
+1 212 345 2691
Dr. Airat Chanyshev Associate Director New York City +1 212 345 7336
Erin B. McHugh Associate Director London
New York City
+44 20 7659 8736
+1 212 345 2990
Timothy McKenna Associate Director New York City +1 212 345 5503
Dr. Jordan Milev Associate Director New York City +1 212 345 5516
Dr. Stephanie Plancich Associate Director New York City +1 212 345 7719
Jonathan S. Polonsky Senior Consultant Chicago
New York City
+1 312 573 2801
+1 212 345 4067
Dr. James Overdahl Affiliated Industry Expert Washington, DC +1 202 547 3035
Mark L. Berenblut Affiliated Consultant Toronto
New York City
+1 416 868 7311
+1 917 475 0020
+44 20 7659 8644
Dr. Andrew Carron Affiliated Consultant New York City
+1 212 345 5407
+44 20 7659 8500
Dr. James Jordan Affiliated Consultant Washington, DC +1 202 466 9263
Dr. Marcia Kramer Mayer Affiliated Consultant New York City +1 212 345 2196
Title Type Author
How COVID-19 Impact Analysis May Shape MAE Disputes Published Article Dr. David Tabak and Edward Flores
COVID-19, MAEs, and Preliminary Evidence of Disproportionate Impacts Within Industrie... Brief Dr. David Tabak and Edward Flores
Corruption and Fraud in Financial Markets: Malpractice, Misconduct, and Manipulation Book Dr. Ai Deng, et at.
Hey Google: When Did People Stop Going to Work? White Paper By Dr. Faten Sabry, Linh Nguyen, and Aakash Bhalothia
Economic and Financial Analyses in Australian Securities Litigation in the Wake of TP... White Paper Dr. David Tabak and Dr. Will Taylor
S&P 500 Index: Daily Price Movements Brief Dr. David Tabak and Edward Flores
Recent Trends in Securities Class Action Litigation: Q1 2020 Update White Paper Janeen McIntosh.and Svetlana Starykh
How Are Different Types of Stocks Weathering COVID-19? Published Article By Dr. Jordan Milev
Analyzing Value Changes between Signing and Closing in Delaware Appraisal Actions White Paper Jonathan Polonsky
Trends in Canadian Securities Class Actions: 2019 Update Report Bradley A. Heys, Robert Patton, Jielei Mao