At Fideres, we provide expert economic support throughout all phases of securities litigation in the United States. Our economists help law firms evaluate potential cases, secure class certification, and demonstrate damages, delivering rapid analysis within 24 hours for time-sensitive filings.
Our team has extensive experience in U.S. securities cases, having conducted over 150 event study reports and damages assessments for Section 10b, Section 11, and Section 14 class actions. We support clients from initial case assessment through final settlement negotiations, ensuring robust economic evidence at every litigation stage.
Our Focus
- We develop comprehensive damage assessments for securities litigation, including preparation of quantum particulars for pleading, class-wide damages estimation, transaction data analysis, and LIFO/FIFO calculations.
- We conduct market efficiency studies and loss causation assessments that meet the exacting standards of U.S. courts, identifying significant price drops following corporate misrepresentations.
- We deliver expert opinions at both class certification and merits stages, providing unbiased, conflict-free analysis that withstands rigorous examination.
- We support law firms and litigation funders with preliminary opinions on damages and merits for case evaluation, helping them make strategic decisions with confidence.
Engagements
Driven by rigorous analysis, our expert work empowers justice—for all—from case strategy to victory. Below are some examples of our track record.
Bond v. Clover Health Investments, Corp. et al, (3:21-cv-00096)
Clover Health Securities Class Action Settlement: Court-Approved $22 Million Resolution for Investors Alleging Misleading Statements.
The case is a securities class action brought by investors against Clover Health and several of its executives, alleging that they violated federal securities laws by making false and misleading statements about the company’s business and regulatory compliance. The lawsuit claimed Clover misrepresented key information regarding legal and regulatory matters, the sources of its growth, the actual use of its software by healthcare providers, and its adherence to accounting standards and SEC disclosure rules.
Fideres’s Contribution
Fideres provided an expert opinion on market efficiency, successfully demonstrating that Clover Health common stock traded in an efficient market, including during the SPAC period. The case settled after Class Certification.
Client
In re: Romeo Power Inc. Securities Litigation, (1:21-cv-03362)
$14.9 Million Class Action Settlement for RMG and Romeo Power Investors.
The lawsuit alleges that Romeo Power, Inc. and other defendants violated federal securities laws by making false and misleading statements regarding Romeo. Specifically, the plaintiffs claim the defendants made materially false and misleading statements about Romeo’s battery cell suppliers, the company’s associated risk disclosures, and its contracted revenue (or “backlog”).
Fideres’s Contribution
Fideres provided an expert opinion on market efficiency, successfully demonstrating that Romeo common stock traded in an efficient market, including during the SPAC period. The case settled after Class Certification.
Client
In re: CBL & Associates Properties, Inc. Securities Litigation, (1:19-cv-00181)
$17.5 Million Settlement for CBL Securities Class Action.
The lawsuit contends that defendants caused CBL securities prices to be artificially inflated during the Class Period by issuing untrue or materially misleading statements related to revenue from tenant electricity charges and a resulting class action lawsuit brought by tenants over those charges. In re CBL & Associates Properties, Inc. Securities Litigation, No. 19-cv-0181 (E.D. Tenn.)
Fideres’s Contribution
Fideres provided an expert opinion on market efficiency, successfully demonstrating that CBL securities (including commons stock, preferred stock and corporate bonds) traded in an efficient market. The case settled before Class Certification decision. Fideres also provided class-wide damages estimation for the plan of settlement allocation.
Client
Steinhoff International Holdings N.V. Shareholder Litigation
Steinhoff settlement approval a big win for investors.
Burford funds institutional shareholder claims in the Dutch federal court against Steinhoff.
Burford Capital represented a group of leading institutional investors in securing a substantial recovery from Steinhoff International’s €6.5 billion accounting fraud.
Fideres’s Contribution
Fideres provided expert analysis on share price inflation, as well individual claimant losses across numerous portfolios, helping achieve a 100% acceptance rate of claims by both the settlement administrator and Steinhoff’s expert.
Client
Experts
Fideres provide insightful and clear expert economic analysis through our expert reports. Our specialist network of affiliated experts includes leading academics and industry leaders.
News & Insights
Join Our Team
Financial Economist – Shape The Future Of Financial Justice
Ready to turn complex data into courtroom victories? As a Financial Economist at Fideres, you will be at the forefront of high-stakes financial litigation, using cutting-edge econometric and statistical analysis to uncover the truth behind corporate wrongdoing.
What You Will Do: Transform raw financial data into compelling evidence through sophisticated analysis and modeling. You will communicate directly with clients and stakeholders, taking initiative to strengthen our analytical approach while staying ahead of market developments to identify new opportunities for justice.
Your Impact: From dealing with large financial datasets to developing innovative analytical techniques, you will play a crucial role in leveling the playing field for our clients. Your work will contribute to fair outcomes in complex financial disputes across global markets.
Ready to make data-driven justice your mission? Join us in creating a more transparent financial world.