OUR MISSION IS TO PROVIDE INDEPENDENT SCA DATA ANALYTICS
FOR INSURANCE AND REINSURANCE COMPANIES THAT PROTECT
DIRECTORS AND OFFICERS OF U.S. LISTED CORPORATIONS
SAR relies on decades of securities class action expert experience combined with agile cloud-based technology to conduct well-accepted event study analysis. We actively analyze filed Exchange Act claims and provide estimates of potential severity to deliver more accurate loss reserve analytics throughout the life cycle of securities class actions.
SAR conducts independent event study analyses without retention and identifies verifiable econometric deficiencies of price impact on alleged stock drops in Rule 10b-5 claims. SAR identifies alleged stock drop declines that do not warrant inclusion in a potentially certified class of allegedly defrauded shareholders so D&O insurers can implement efficient loss mitigation strategies based on verifiable empirical evidence.
The Claims Database contains event study results on filed Exchange Act claims (common stock, only) going back to June 2018; from the first filed complaint (FIC) through the operative consolidated amended complaint. Computations of potential Exchange Act liability exclude alleged stock drops that do not exhibit price impact, account for limitations in the surviving allegations, and apply the 90-day PSLRA look back damages cap. Full visibility of "back-end" event study results are presented through each phase of the securities class action litigation life cycle to promote transparency for more efficient complex claims resolution.
The Underwriting Tool delivers effective loss mitigation underwriting and substantive securities class action risk analysis. The Underwriting Tool applies robust event study analysis to identify adverse corporate events that expose Directors and Officers to potential indemnifiable claims for alleged violations of the Exchange Act and Rule 10b-5. The Underwriting Tool delivers a near-real time quantification of securities class action risk and potential loss for U.S.-listed corporations. The Underwriting Tool is used to quantify the SCA Exposure Rate Score for U.S.-listed corporations and to actively track a company's risk of securities class action litigation.