SAR is a mission-driven company dedicated to enhance transparency in the securities class action arena with unrivaled independence, adherence to the highest standards in quality, and a firm commitment to integrity.
Co-Founder and CEO
Nessim Mezrahi is CEO and Co-Founder of SAR. SAR is a mission-driven company dedicated to enhance transparency in the securities class action arena with unrivaled independence, adherence to the highest standards in quality, and a firm commitment to integrity. Nessim leads the company to value filed securities class actions that allege violations of the Federal Securities Laws of the United States of America and assess corporate risk of public corporations through specialized data science and a human-scaled data analytics platform. Nessim works with insurance carriers that protect Directors and Officers and supports insurance coverage counsel to deliver data-driven advantages based on court-approved methodologies.
Since 2007, Mr. Mezrahi has applied the event study methodology to estimate economic damages in securities class actions that allege violations of the federal securities laws under Section 11, Section 12(a)(2), and Section 15 of the Securities Act of 1933, and under Section 10(b) and 20(a) of the Securities Exchange Act of 1934.
Prior to co-founding SAR, Nessim served respected class action litigators as a damages expert and performed analyses of price impact, market efficiency, and aggregate shareholder damages on several landmark securities class actions that stemmed from the Great Recession of 2008. Mezrahi has devised and submitted court-approved estimates of aggregate damages and plans of allocation in complex securities class action settlements in key circuits of the U.S. Federal Court System.
Securities class action matters Mr. Mezrahi worked on prior to leading SAR: Dynex Securities Litigation, ITT Educational Services, Inc. Securities Litigation, Braskem S.A. ADS Securities Litigation, Petroleo Brasileiro, S.A. Securities Litigation, Countrywide MBS Securities Litigation, Washington Mutual MBS Securities Litigation, RALI MBS Securities Litigation, Harborview MBS Securities Litigation, HEMT MBS Securities Litigation, China MediaExpress Securities Litigation, Harman International Industries, Inc. Securities Litigation, Impax Laboratories, Inc. Securities Litigation, Vancouver Alumni Asset Holdings, Inc. v. Daimler AG (ADR) Securities Litigation.
Previously, Mezrahi was an internal auditor for General Electric's Corporate Audit Staff (CAS) where he engaged in the design and tested the effectiveness of internal controls over financial reporting according to Sections 302, 401, and 404 of the Sarbanes-Oxley Act of 2002. Prior to joining CAS, Nessim completed the two-year GE Financial Management Program (FMP) at GE Capital in Stamford, CT. Nessim attained his B.S., with a concentration in entrepreneurship and finance, from Babson College, where he was a graduate of the Honors Program and was awarded Highest Academic Distinction.
Nessim lives in Bethesda, MD with his wife, two children and their Dachshund. He is from Bogotá, Colombia and a graduate of Choate Rosemary Hall. He is a dedicated athlete and is fluent in Spanish. Nessim is an active member of the Professional Liability Underwriting Society (PLUS).
VP of Business Development
Carolina is dedicated to understanding the data analytics needs of established D&O claims resolution professionals. Carolina is an experienced securities litigation analyst that supports senior risk management professionals understand the data-driven advantages attained through event study analysis. Her goal is to provide a clear understanding of the SCA Claims Tool to enhance loss mitigation claim resolution strategies to deliver significant reduction of defense and cost containment expenses. Carolina also supports specialized insurance professionals evaluate corporate risk and exposure to securities class action litigation with the implementation of the SCA Risk Tool.
Carolina leads the publication of SAR's quarterly Rule 10b-5 SCA Exposure Report. She also oversees compliance processes for the SCA Platform by working together with the Data Science team to uphold the Company's high standards of quality control when reading, analyzing, and auditing securities class action claims.
Prior to her leadership role at SAR, Carolina was a senior associate at a management consulting firm where she helped senior executives of Fortune 500 companies assess and set key strategic growth initiatives. During her eight-year tenure at a nationally-recognized economic consulting company, Carolina worked in the financial litigation division and supported the analysis and quantification of economic damages in complex securities class actions.
Carolina attained her B.A., with a focus in international relations, from the University of Pennsylvania, and her M.B.A. at the Raymond A. Mason School of Business at William & Mary. She is originally from Bogotá, Colombia and is fluent in Spanish and Portuguese. She currently lives in Vienna, VA with her spouse and two children. Carolina is an active member of the Professional Liability Underwriting Society (PLUS).
VP of Software Engineering
Gadi manages the SCA Platform cloud-based technology, including all feature development efforts of the SCA Claims Tool and SCA Risk Tool. Gadi controls the company's AWS cloud relational database management infrastructure and oversees database enhancements, security protocols, and code base quality control. He spearheads client-specific feature implementation, and deployment according to our clients' technical requirements.
Gadi's primary focus is bridging the gap between highly-technical quantitative and statistical functions and agile cloud-based processes to attain reliable and sustainable data processing. He works in conjunction with the Data Science team to design, implement, and oversee all audit and testing protocols for on-going quality control.
Mr. Rozmaryn has over two decades of experience in systems administration, application development, and cloud architecture design. Gadi has applied his software engineering skills in start-ups and publicly traded corporations in a variety of industries including real estate, e-commerce, education and communications.
Gadi is a native of Silver Spring, MD where he lives with his wife and three children and enjoys coaching his children's sports team.
VP of Data Science
Stephen leads the Data Science team by managing and implementing the Company's data analytics standard operating procedures (SOPs) and internal audit processes. Mr. Sigrist manages securities litigation analysts that are dedicated to pursuing careers in applied data science in the insurance industry. He works directly with the VP of Software Engineering to ensure reliable execution of the cloud-based quantitative and statistical functions that support the SCA Claim and Risk Tools.
Stephen is an experienced econometrician that oversees the goodness-of-fit testing of the applied multivariate regression models and manages all raw financial and economic data inputs supplied by our Data Partners. Stephen has over a decade of experience in applying defined quantitative and statistical functions to perform event study analyses in securities class action litigation.
Prior to leading the SAR data science team, Stephen supported nationally-recognized testifying experts with the quantification of economic damages in complex securities and antitrust class action cases. Sigrist has significant expertise in event study analysis and has performed numerous analyses of market efficiency for stocks, bonds, in addition to damage estimation analyses on call and put options. Previously, Stephen was a senior research associate at the Investment Company Institute (ICI) in Washington, D.C., where he researched, analyzed and published industry-wide statistics pertaining to mutual funds and exchange-traded funds (ETFs).
Stephen attained his B.A. in economics and math at Valparaiso University and his Master's in financial economics at Ohio University. Stephen completed the Data Science Certificate Program at the Georgetown University School of Continuing Studies. Mr. Sigrist is a SAS Certified Advanced Programmer, and has an advanced level of proficiency in econometric modeling using Stata, R, and Python coding languages.
Stephen lives in Bethesda, MD and practices kickboxing. Stephen is an active member of the Professional Liability Underwriting Society (PLUS).
THE BOARD OF ADVISORS
Co-Founder and Senior Managing Director
Seale & Associates
B.A. University of Florida
M.A. The George Washington University, International Affairs
M.B.A. The George Washington University, International Business
Brett co-founded Seale & Associates in 1999 and is a senior managing director with extensive cross-border international transaction experience. Brett has advised companies and investors on divestitures, mergers, acquisitions, joint ventures, recapitalizations, valuations, due diligence, strategic alternatives assessments, and various corporate finance matters. Prior to joining Seale & Associates, Brett worked with the president and co-founder of Seale & Associates, Jim Seale, for an investment bank in Washington, DC on a wide variety of M&A engagements. Previously, Brett was a Financial Analyst for the U.S. Surface Transportation Board and a consultant working with international development banks. Brett is a professional faculty member at The Johns Hopkins University Carey Business School teaching mergers and acquisitions and has been a featured speaker on M&A and corporate finance related topics at several industry association meetings and higher education conferences, such as Tecnologico de Monterrey in Mexico.
Founder and Managing Partner
B.A. University of Massachusetts at Amherst
M.A. in Economics at Columbia University
M. Phil. in Economics at Columbia University
Chartered Financial Analyst (CFA)
Joel serves as the Chair of the Board of Advisors at SAR. Joel founded CapMarket Consulting and has over 25 years of experience in the financial services industry. Joel has provided expert testimony in numerous high-profile complex financial transactions and class actions. Joel has been retained by counsel at the U.S. Department of Justice, the Canadian Department of Justice, the Commodity Futures Trading Commissions, and for Corporate and Individual Plaintiffs and Defendants. Joel is a nationally-renowned expert in capital markets, financial risk management, and management oversight and internal controls over financial reporting. Joel's notable testifying experience includes: CalPERS vs. Moody’s and S&P, CFTC vs. MF Global, Enron Securities Litigation, Pritired vs. USA, Dow Chemical Company vs. USA, Anschutz vs. USA. Prior to serving as a capital markets expert, Mr. Finard was the Partner-in-Charge of Deloitte’s Capital Markets Consulting Practice serving Fortune 50 financial institutions and securities dealers. Mr. Finard's capital markets practice consisted of assessing and advising Directors and Officers on internal controls over financial reporting, management oversight and internal control breakdowns.
Head of Peak Events and XCM
Amazon, Inc. (MENA)
B.S. Babson College
JP currently serves as Head of Peak Events and XCM for Amazon in the Middle East and North Africa (MENA) and is based out of Dubai, UAE. Prior to his leadership role at Amazon, JP led OLX Group's on-line car sales platform in Asia, Middle-East, and Africa. JP was part of OLX investment and integration team for several successful platform acquisitions in the automotive sales platform space. Prior to joining the OLX team, JP served as General Manager of Uber in the UAE, and led the company's launch in UAE, which included local regulatory compliance and implementation of corporate best practices and supply chain management. Prior to serving in Corporate leadership roles at established global software companies, JP was a tech-focused Private Equity Senior Associate at TA Associates based in Boston, MA and London UK. JP began his career in finance as an Investment Banking Analyst at Credit Suisse (CSFB) Technology Group based in New York, NY.
Family Office and Trustee Liability Group Leader
B.S. University of Wisconsin-Madison
M.B.A. Weatherhead School of Management at Case Western Reserve University
Judith is a seasoned insurance and risk management expert who leads the Family Office & Trustee Liability Resource Group at Woodruff Sawyer. Judith educates trustees and other fiduciaries to reduce risk and implements insurance solutions to protect personal wealth and family legacies. Her clients range from individual and professional trustees, trust companies, law firms and CPAs as well as family offices and trust companies. Judith was a pioneer in the development of Directors and Officers executive liability insurance. She began her insurance career at CHUBB serving customers with specialty insurance products and industry-leading claims and risk engineering services. From CHUBB, Judith went to Chicago-based AON Corporation where she was a Founding Member of the Financial Services Group (FSG) and head of FSG's intellectual property division. After serving AON for over a decade, Judith became President and Co-Founder of ARIS Title Insurance Corporation, which underwrites title insurance for fine art and important collectibles. After a 15 year tenure as the chief executive at ARIS, Judith became the Chief Compliance Officer for Stategix Consulting, LLC, a highly-experienced professional services firm that provides strategic and tactical development, owner's representation and advisory services to clients that undertake design and construction projects in North America. Judith is a frequent speaker and has received national recognition in the Wall Street Journal, the New York Times, and Wealth Management Magazine.