In white-collar matters, including collusion, price fixing, securities fraud, and Foreign Corrupt Practices Act allegations, a recurring question is how the alleged conduct, or its disclosure, affected the value of the company and its securities. The alleged conduct may have inflated value while concealed and reduced it upon disclosure, or it may bear on the harm to the enterprise, on appropriate disgorgement, or on the company's financial condition.
We have the expertise and experience to measure these effects on enterprise value, equity value, and the value of a company's other securities, combining business and security valuation with event-study and price-impact analysis. As in our other work, we isolate the effect of the conduct at issue from confounding factors, ground our conclusions in well-accepted theory and empirical evidence, and document each input and assumption. Our work is based on widely-accepted and standard methodologies, frameworks, and analyses and we have been engaged by both plaintiffs and defendants in a wide range of industries in such matters.