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 Senior Managing Director New York City +1 212 345 5913 lucy.allen@nera.com
Bradley A. Heys Senior Managing Director Toronto
New York City
+1 416 868 7312
+1 212 345 3000
brad.heys@nera.com
Dr. Vinita Juneja Senior Managing Director
Chair of NERA's White Collar, Investigations and Enforcement Practice
New York City
London
Toronto
+1 212 345 3148
+44 20 7659 8618
+1 416 868 7314
vinita.juneja@nera.com
Dr. Denise Neumann Martin Senior Managing Director Miami +1 305 808 7880 denise.martin@nera.com
Dr. Faten Sabry Senior Managing Director
Chair of NERA's Global Securities and Finance Practice
Bankruptcy Practice Chair
New York City
London
+1 212 345 3285
+44 20 7659 8618
faten.sabry@nera.com
Dr. David Tabak Senior Managing Director New York City +1 212 345 2176 david.tabak@nera.com
Adam Warren Senior Managing Director Chicago +1 (312) 573-2821 adam.warren@nera.com
Dr. Jordan Milev Managing Director New York City +1 212 345 5516 jordan.milev@nera.com
Dr. Stephanie Plancich Managing Director New York City +1 212 345 7719 stephanie.plancich@nera.com
Dr. Airat Chanyshev Director New York City +1 212 345 7336 airat.chanyshev@nera.com
Timothy McKenna Director Los Angeles
New York City
+1 213 346 3041
+1 212 345 3000
timothy.mckenna@nera.com
Mark L. Berenblut Affiliated Consultant Toronto
New York City
London
+1 416 868 7311
+1 917 475 0020
+44 20 3769 1096
mark.berenblut.affiliate@nera.com
Dr. Andrew Carron Affiliated Consultant New York City
London
+1 212 345 5407
+44 20 7659 8500
andrew.carron.affiliate@nera.com
Dr. James Overdahl Affiliated Industry Expert Washington, DC +1 202 547 3035 joverdahl@deltastrat.com
Title Type Author
Recent Trends in Securities Class Action Litigation: H1 2023 Update Report Edward Flores and Svetlana Starykh
Trends in Canadian Securities Class Actions: 2021 Update White Paper Bradley A. Heys, Robert Patton, Jielei Mao
Class Action Lawsuits: Opportunities to Apply Econometrics and Statistics Published Article Dr. Ling Ling Ang, Dr. Jordan Milev, and Dr. John Scalf
Fintech Developments and Antitrust Considerations in Payments Published Article Dr. Ling Ling Ang and Dr. Will Taylor
The Role of Punitive Damages in Asbestos Litigation Published Article Faten Sabry and Sungi Lee, et al.
Recent Trends in Securities Class Action Litigation Janeen McIntosh and Svetlana Starykh
Trends in Canadian Securities Class Actions: 2020 Update Report Bradley A. Heys, Robert Patton, and Jielei Mao
Recent Trends in Securities Class Action Litigation: 2020 Full-Year Review Report Janeen McIntosh and Svetlana Starykh
Recent Trends in Securities Class Action Litigation: H1 2020 Update Report Janeen McIntosh and Svetlana Starykh
How COVID-19 Impact Analysis May Shape MAE Disputes Published Article Dr. David Tabak and Edward Flores