SECURITIES FRAUD

The BVA Group has expertise in the determination of economic damages cases involving alleged violations of the Federal Securities Acts (such as Rule 10b-5 and Section 11 damages).  We have been designated as testifying experts in shareholder derivative securities class action stock price inflation matters as well as fraud in the inducement claims involving benefit-of-the-bargain as well as rescission measures of damages for individual plaintiffs.

BVA is skilled in preparing both the statistical analysis and the detailed event studies required to compute stock price inflation (or lack thereof) in fraud-on-the-market cases in a reliable and defendable manner that will stand up to the scrutiny of opposing experts and counsel.  We employ various accepted methodologies to isolate the component of the price change of a security that relates to the allegations being made in the subject case helping to establish (or refute) loss causation as well as to quantify damages.  Additionally, in securities class action matters involving Rule 10b-5 claims, BVA has developed sophisticated trading models to compute out-of-pocket damages considering both trading (i.e. "in-and-out") damages as well as retention damages.

The BVA Group has been retained by both plaintiff's and defendant's counsel and has objectively assessed and defused the economic arguments by opposing counsel and experts.  Our testifiers are capable of articulating the complex statistical analysis inherent with securities fraud damages calculations in an understandable and coherent manner. In addition, our experts have served as consultants in the negotiation and settlement process.