Financial institutions have been sued for damages related to accounting for MBS losses and estimating reserves. CRA personnel have vast expertise and experience with generally accepted accounting principles, matters involving the sale and repurchase obligations of mortgage backed securities, models used to estimate losses, and analysis of large transactional datasets that support financial statements. We also have formal relationships with former “Big 4” audit partners who have practical industry and testimony experience.
From preliminary to final approval: How often do settlements in securities class actions fail?
In this CRA Insights, Rahul Chhabra presents analysis of the Institutional Shareholder Services (ISS) data on cases filed in the past 10 years involving...