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.
Calculating damages in IEEPA tariff refund litigation
But it did not resolve a harder question: Who bore their economic cost? That distinction is now driving two parallel waves of private litigation: commercial...