Economic Benefit of the Trading Activity
In evaluating damages, the gains realized (or losses avoided) from the alleged trading activity are generally considered by the court.
Information Materiality
Cornerstone Research has significant experience in conducting event study analyses for insider trading cases to evaluate the materiality of nonpublic information once it is disclosed.
Insider Trading
Insider trading litigation remains a significant issue for public companies and their executives, board members, and other company insiders.
Market Timing
Cornerstone Research has investigated issues relating to market timing of mutual funds and insurance products.
Options Backdating
Cornerstone Research has been at the vanguard of this issue, assisting clients in responding to a number of SEC investigations and civil suits.
Tax Implications of Alleged Options Backdating
Cornerstone Research analyzed corporate and individual tax treatments of employee stock options related to stock option backdating allegations.
Tax-Advantaged Transactions
Cornerstone Research evaluated the fundamental requirements for tax-advantaged transactions (also known as tax shelters) to be sustained if challenged by the IRS, including whether transactions had a reasonable business purpose.
United States of America v. David A. Stockman et al.
Counsel for the defense retained Cornerstone Research in the criminal action filed in the Southern District of New York, against David A. Stockman, former CEO of Collins & Aikman Corporation…
First Columbia Financial Corp. v. Price Waterhouse
A holding company alleged that the negligence of the auditor of its savings and loan subsidiary resulted in an accounting misstatement and claimed damages related to activities it would not…
In re Superior Offshore International, Inc. Securities Litigation
Counsel for defendants Superior Offshore International, Inc., its officers and directors, and underwriters of its initial public offering (IPO) retained Cornerstone Research and Professor Christopher James of the University of…
In re Flash Memory Antitrust Litigation
Counsel for the defendants retained Dr. Michael Keeley to analyze whether common evidence could be used to prove impact and damages in these putative class action price-fixing cases.
Asset Management
Cornerstone Research worked with attorneys representing a custodial bank that was sued by three pension funds whose asset portfolios had disappointing returns in a period of declining real estate markets.
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