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Skyscrapers and Sky
SECURITIES CLASS ACTIONS
Practice Area

Our practice is led by seasoned economists who are experts in delivering rigorous analysis and testimony across critical areas, including market efficiency, materiality, loss causation, and damage estimation

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SEDA’s securities class actions practice is spearheaded by experienced economists who have over twenty-five years in litigation consulting. They specialize in securities class actions, mergers and acquisitions, investment banking, shareholder derivatives, and valuation cases. Their expertise focuses on key areas such as market efficiency, materiality, loss causation, and damage estimation in securities class actions.

SEDA’s expertise in securities cases encompasses a comprehensive range of services, including market efficiency analysis, loss causation assessments, and damages evaluations across various sections like 10(b), 11, 12, 14(a), and 20A. We support all litigation phases with in-depth economic research and financial analysis, from initial assessments to post-settlement allocation strategies. Our experience ensures that clients receive robust and well-informed opinions tailored to their specific needs in complex securities litigation.


Our experts provide:

  • Market Efficiency Analysis

  • Price Impact Analysis

  • Materiality Analysis

  • Applicability of Damages Models Analysis

  • Loss Causation Analysis

  • Damages Quantification

  • Aggregate Damages Analysis

  • Individual Investor Damages Computations

  • Event Study Analysis



EXPERTISE

ERISA Litigation

Our expertise in economics and financial markets and our extensive experience in ERISA litigation matters distinctly qualify us to analyze the claims of economic loss raised by plans and plan participants.

Merger & Acquisition Analysis

Complex Business Litigation

“Pump and Dump” Stock Price Manipulation


RELATED EXPERTS

Adam Werner

Adam Werner

Bio

Managing Director

Dr. Adam Werner has more than twenty-five years’ experience in litigation consulting, concentrating primarily on security class actions, mergers and acquisitions, investment banking, shareholder derivatives and valuation cases. He has provided expert opinions and testified over 50 times in federal, state and bankruptcy courts within the United States.

Former

Crowninshield Financial Research - Expert Witness

Gnarus Advisors/Berkeley Economic Consulting - Director and Expert Witness


Expertise

Securities Class Actions, Damages Estimation, Market Efficiency, Loss Causation, Valuation, Cost of Capital

Cameron Funkhouser

Cameron Funkhouser

Bio

Managing Director

Cameron Funkhouser is an accomplished financial regulatory leader with over 35 years of experience in his role as Executive Vice President at FINRA. He has a peerless record in developing and implementing comprehensive regulatory programs, conducting high-profile investigations, and using advanced data solutions to improve market surveillance and compliance. Mr. Funkhouser has designed and managed large-scale regulatory programs overseeing registered broker-dealers and trading activities on the NYSE and Nasdaq.

Former

Crowninshield Financial Research - Senior Associate & Project Manager

Expertise

Class Action Litigation, Market Efficiency, Price Impact, Loss Causation, Economic Damages, Damages Evaluation

Alexander Huang

Alexander Huang

Bio

Associate Director

Alexander Huang has over 10 years of experience specializing in litigation support and forensic economic services. His professional experience includes financial analysis, econometric analysis, class certification, market efficiency, price impact, damages estimation, loss causation, materiality, damages quantification, and assisting in settlement and mediation disputes.

Former

Crowninshield Financial Research - Senior Associate & Project Manager

Expertise

Class Action Litigation, Market Efficiency, Price Impact, Loss Causation, Economic Damages, Damages Evaluation

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