
SECURITIES CLASS ACTIONS
Practice Area
Our practice is led by seasoned economists who are experts in delivering rigorous analysis and testimony across critical areas, including market efficiency, materiality, loss causation, and damage estimation
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SEDA’s securities class actions practice is spearheaded by experienced economists who have over twenty-five years in litigation consulting. They specialize in securities class actions, mergers and acquisitions, investment banking, shareholder derivatives, and valuation cases. Their expertise focuses on key areas such as market efficiency, materiality, loss causation, and damage estimation in securities class actions.
SEDA’s expertise in securities cases encompasses a comprehensive range of services, including market efficiency analysis, loss causation assessments, and damages evaluations across various sections like 10(b), 11, 12, 14(a), and 20A. We support all litigation phases with in-depth economic research and financial analysis, from initial assessments to post-settlement allocation strategies. Our experience ensures that clients receive robust and well-informed opinions tailored to their specific needs in complex securities litigation.
Our experts provide:
Market Efficiency Analysis
Price Impact Analysis
Materiality Analysis
Applicability of Damages Models Analysis
Loss Causation Analysis
Damages Quantification
Aggregate Damages Analysis
Individual Investor Damages Computations
Event Study Analysis
EXPERTISE
ERISA Litigation
Our expertise in economics and financial markets and our extensive experience in ERISA litigation matters distinctly qualify us to analyze the claims of economic loss raised by plans and plan participants.
Merger & Acquisition Analysis
SEDA has the necessary valuation, corporate finance, and industry experience to assist clients in evaluating strategic alternatives. We serve clients in matters related to mergers, acquisitions, takeovers, and divestitures.
Complex Business Litigation
SEDA assists clients in a diverse range of complex business litigation matters. Our deep expertise in finance and economics enables us to help clients clarify, resolve, and settle even the most intricate business disputes. With extensive experience in financial derivatives and their valuation, SEDA is well-equipped to provide the insights and analysis necessary for navigating these challenging issues. Our commitment to thorough research and precise valuation supports our clients in achieving favorable outcomes.
“Pump and Dump” Stock Price Manipulation
SEDA's experts specialize in addressing alleged stock price manipulation, particularly “pump and dump” schemes. These schemes involve market participants using misleading, unsupported, and exaggerated statements through platforms like social media and newsletters to artificially inflate a company's stock price, and to sell same stock immediately afterwards, pocketing stock gains. Our team conducts rigorous econometric analysis to help clients determine whether such communications had a measurable impact on stock prices, while controlling for other market factors. This analysis provides valuable insights into the relationship between disseminated information and stock price movements, aiding clients in navigating these complex situations.
RELATED EXPERTS
Cameron Funkhouser
Managing Director
Former
FINRA - Executive Vice President - Office of Fraud Detection and Market Intelligence
Expertise
Trade Surveillance, Insider Trading, Investigations, Market Manipulation, Compliance
Adam Werner
Managing Director
Former
Crowninshield Financial Research - Expert Witness
Gnarus Advisors/Berkeley Economic Consulting - Director and Expert Witness
Expertise
Securities Class Actions, Damages Estimation, Market Efficiency, Loss Causation, Valuation, Cost of Capital
Alexander Huang
Associate Director
Former
Crowninshield Financial Research - Senior Associate & Project Manager
Expertise
Class Action Litigation, Market Efficiency, Price Impact, Loss Causation, Economic Damages, Damages Evaluation



