Calculating economic damages in securities fraud litigation involves complex analysis of events and other market factors affecting securities prices that requires specialized knowledge and skills.
BVA Group’s economists and financial professionals have extensive expertise providing consulting assistance and expert testimony in securities matters, such as those involving alleged violations of securities laws (such as Rule 10b-5 and Section 11 damages), shareholder derivative securities class action stock price inflation matters, and fraud-on-the-market matters.
BVA’s professionals are skilled in preparing defensible statistical analyses and detailed event studies required in many cases. For example, in fraud-on-the-market matters, we employ accepted methodologies to isolate the component of a security’s price change relating to the relevant allegations to evaluate loss causation as well as to quantify damages. Additionally, BVA has expertise in developing sophisticated trading models to compute out-of-pocket damages considering both trading (i.e. "in-and-out") damages as well as retention damages.
Our professionals have been retained by both plaintiffs’ and defendants’ counsel and have objectively assessed and critiqued economic arguments of opposing counsel and experts. In addition, our testifiers are skilled in articulating complex analyses in an understandable and coherent manner and delivering compelling testimony in defense of their opinions. Furthermore, our team has substantial experience in advising clients throughout the negotiation and settlement process.