Expert testimony by Dr. Matthew D. Cain was filed in support of class certification in Theodore v. PureCycle Technologies, Inc. (Case No. 6:21-cv-809), with analytical modeling and economic research provided by Fideres.
The expert evaluation assesses whether PureCycle Technologies securities operated in an efficient market where material disclosures were promptly integrated into share valuations. Fideres deployed advanced econometric techniques to evaluate market dynamics and information processing, leveraging specialized expertise in environmental technology and SPAC-related securities litigation.
Cain’s analysis supports fraud-on-the-market theory by establishing that revelations concerning PureCycle’s recycling process capabilities were swiftly incorporated into stock price adjustments.