Locating a helpful securities expert witness
Early retention of a strong securities expert witness is critical when a company is facing criminal or civil liability under the federal securities laws, or a private class action has been brought or is being contemplated.
When brought on early, the expert can help evaluate case theories, list areas of inquiry, draft and review declarations or affidavits, and develop deposition questions.
Two common types of securities expert witnesses
Complex issues of accounting, finance, economics, or valuation are usually involved in securities litigation. That means an accountant or economist is usually needed to explain the issues to laypeople.
1. Accountant expert witnesses can provide opinions that a disputed accounting practice conforms to generally accepted accounting principles, and can address claims of premature revenue recognition, channel stuffing, inadequate disclosure, hidden liabilities, and deferred expenses.
2. Economist expert witnesses are especially helpful with damage calculations. They can interpret the stock market’s reaction to information releases and analyze loss causation.
Depending upon the case facts, industry experts might be needed in addition to an accountant or economist. If you want our help locating a securities expert witness or two, contact Justine at 714-434-5929 or by email.
