Accuracy of Restatement of Earnings


A shareholder's suit against a major service firm went to mediation. A key factual issue concerned the regression analysis applied to characterize a break in the statistical "time series" of the firm's stock prices.


An A&I principal identified a critical flaw in the application of statistical methods by the prominent economist who presented his findings at the mediation. He spoke at the mediation regarding the flaw.


Counsel for plaintiffs credited A&I as an important contributor to the settlement.