TESTIFYING & STRATEGIC EXPERTS
PF2’s experts have worked on numerous prominent securities litigation matters. We are engaged as testifying experts, or in a support role where we oversee the technical part of experts' analysis, prepare or help counsel manage large data sets or expert evidence of a statistical nature, particularly in the context of financial products and market dynamics.
Legal teams benefit from our practitioner-level understanding of deal terms and our appreciation for market standards and practice.
In addition to strategic consulting in the preparation of expert reports and rebuttal reports, our research team frequently assists legal teams in:
Estimating damages under different economic scenarios and in varying judicial forums
Ensuring document discovery requests include the appropriate market terms
Identifying disconnects in market trading levels or across financial products
Analyzing the appropriateness of disclosures made in the context of asymmetric information
Measuring whether perceived overpayments for services or underperformance of returns is statistically significant
Preparing expert witnesses, or overseeing technical evidence
Strategic oversight of experts evidence, including in their analysis of market efficiency or liquidity, preparation of event studies, or determination of loss causation, transaction causation, or damages
Validating models used, or verifying the reliability or authenticity of procedures applied or data relied upon.
PF2’s expert “was the most qualified and credible of the experts” and “the most authoritative … with respect to the issue of the rating process and the ratability of the [notes].”
– Trial judge in MBIA Insurance v. Patriarch Partners VIII, LLC
“The team at PF2 was instrumental in guiding us through the structured finance ratings process, helping us resurrect and interpret the complex computer code delivered to us in this litigation, and rebuilding the credit models that would have been relied on at the time.”
Areas of Expertise
– Financial Products
Pricing & Valuation
Risk & Modeling
Excessive Fee Calcs
Appropriateness of Financial Advice
– Data Markets
Our testifying experts and research team have asset or deal-level industry experience, having managed, traded, rated, hedged or otherwise negotiated investments in the asset classes involved.