33 · Litigation and arbitration · Marchés · actions de groupe
Securities litigation
What assistance changes in this practice, what it does not change, and the time reduction actually observed.
Where the gain is real
Reconstruction of the information published over time, price and volume analysis, review of internal exchanges.
Where it is slight or nil
The certification hearing, opposing financial expert evidence, settlement.
Observed time
−55% at constant case scope, on cases closed over the last three financial years. This measure says nothing about the quality of the outcome.
What the practice covers
- Chronological reconstruction of the information published and of the corrections
- Analysis of prices, volumes and of the alleged loss windows
- Review of internal exchanges and of preparatory documents
- Search for managers’ transactions over the period at issue
- Interaction with the regulator’s enforcement proceedings
- Quantification of loss and counterfactual price scenarios