Fernando Martins consults on securities litigation, valuation, and corporate governance matters. Dr. Martins has worked across a diverse set of industries, including communications, energy, healthcare, finance, information technology, manufacturing, and utilities. He works with clients and experts through all phases of commercial litigation, including deposition and trial.
In securities matters, Dr. Martins has provided support during class certification, merits, and mediation. He also assists with research and modeling for the firm’s Securities Class Action Settlements publications.
Securities litigation
Dr. Martins has extensive experience estimating damages under Section 10b of the Securities Exchange Act of 1934 and Sections 11 and 12 of the Securities Act of 1933. His work includes:
- Analyzing market efficiency for common stocks, derivatives, and corporate bonds
- Assessing price impact and Comcast standards at the class certification stage
- Determining settlement ranges and drivers of settlements in matters with Section 10b and Section 11 claims
- Evaluating loss causation at the merits stage
Valuation
Dr. Martins has experience in examining M&A transactions and disputes, valuing firms, projects, and all types of assets using a wide range of methodologies, including discount cash flow (DCF) analysis, comparable company analysis, and premium analysis. He also has experience assessing market prices using event studies.
Corporate governance
In matters alleging breach of fiduciary duties, Dr. Martins has analyzed the actions of company directors and executives with respect to customary corporate governance practice. He has also evaluated issues involving “tone at the top” and compensation clawbacks.
Before joining Cornerstone Research. Dr. Martins served as an economist at the International Monetary Fund (IMF).