Investment Suitability, Corporate Governance, and Risk Assessment
When a portfolio suffers large losses, lawsuits often result. In Florida State Board of Administration v. Alliance Capital Management, for example, Alliance was sued for allegedly not following an agreed-on investment strategy. In this and similar cases, we have been asked to determine the cause of portfolio losses and to evaluate investment decisions.
We frequently address the issue of loss causation, including the effects of accounting-related disclosures.
We draw on our comprehensive understanding of market dynamics and use a range of statistical and analytical approaches encompassing portfolio theory and analyses of investment strategies.
Our clients rely on us to provide analysis and testimony support in cases involving allegations of breach of fiduciary duty or improper implementation of investment strategies, including high-profile litigations with very large damages claims.
The Role of Merger Arbitrage Analysis in M&A Litigation
M&A activity appears to be returning along with litigation related to valuation, corporate governance and failed deals. Vice President Gaurav Jetley discusses the applications of the tool in this Q&A.
We have evaluated the content and efficacy of investment policy statements to ensure that they unambiguously represent a fund’s objectives. Our work has also involved analysis of the role of corporate governance structure in influencing investment decisions.
Our securities practice professionals have also assisted clients in managing and hedging risk.