Expert analysis by Professor Sorin Sorescu was filed supporting class certification in Ali v. Franklin Wireless Corp. (Case No. 3:21-cv-00687), with market research and economic modeling contributed by Fideres.
The efficiency analysis evaluates whether Franklin Wireless stock operated in an efficient market where material information was swiftly incorporated into share prices. Fideres employed established econometric approaches to analyze market characteristics and disclosure responsiveness, applying extensive securities litigation experience in market efficiency analysis for class certification proceedings.
Professor Sorescu’s expert evaluation supports the fraud-on-the-market framework, demonstrating that material disclosures about Jetpack Hotspot device issues were efficiently absorbed into Franklin Wireless stock price movements.