©  SAR, LLC. 2019

Bethesda, MD

SCA CLAIMS

The claims platform presents results of court-accepted claim-specific event study analyses that test for indirect evidence of stock price impact on all filed claims that allege violations of Rule 10(b)-5 under the Exchage Act of 1934. Attain qualified and independent analysis of maximum damages per share and a baseline estimate of potential class-wide damages according to the allegations presented in the corresponding SCA complaint. For every filed SCA against a U.S.-listed company, claims professionals can attain claim-specific information to track severity throughout the claim's life cycle.  

Scroll through each individual SCA and drill down to attain evidence indicative of an absence of stock price impact.  See the damages impact resulting from changes made to a filed claim - such as a longer class period or newly alleged corrective disclosures.  Drill down and attain econometric results to validate the econometric strength of claimed stock price declines.  Attain independent baseline estimates of potential aggregate damages on SCA claims that allege violations of Rule 10b-5.  Damages are updated to account for the 90-day "bounce-back" rule according to Section 21D(e)(1) of the Private Securities Litigation Reform Act of 1995, Pub. L. No. 104-67, 109 Stat. 748 (1995).  The applied quantitative and statistical parameters are based on established case precedents in key circuits of U.S. Federal Court System.  SAR provides claims professionals with on-demand back-up documentation when requested in order to comply with a mediator's request or for independent loss reserve support.  SAR customer support provides back-up documentation requests that include: full multivariate regression time-series exports, regression statistics, and the applied statistical parameters and index inputs applied to the corresponding claim.   

Navigate easily through all Exchange Act claims going back to June 2018.  Drill down and track the claim's maximum damages per share, baseline estimate of potential aggregate damages, and identify claimed stock price drops that do not present verifiable evidence of stock price impact.  Know by how much the 90-day PSLRA "look-back" rule will impact aggregate damages.  Get transparency into the value of the claim and attain robust claim-specific support to more accurately estimate severity at different stages of the litigation based on amended allegations.

 

Exposure and severity of the claim are quantified for each amended class action complaint so you can track potential tower depletion from the pleading stages.

For example, in the first filed complaint in the Philip Morris International Inc. Securities Litigation plaintiffs allege a two-and-half month Class Period.  In the consolidated amended complaint, plaintiffs allege close to a three year Class Period and include additional claimed stock price drops that were not originally alleged.  Material changes in claim severity happen at each phase of the class action litigation process.  

Specialized claims professionals can continually track a baseline estimate of potential class-wide damages through each phase of the class action to limit unfavorable loss reserve developments that impact D&O profitability. 

The SCA Claims platform provides public company D&O claims professionals with on-demand, robust event study analysis and presents independent estimates of price impact to determine the magnitude of class-wide damages throughout the class action litigation life cycle.