Accuracy of Restatement of Earnings

Problem

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.

Procedure

Dr. William Fairley of Analysis & Inference identified a critical flaw in the application of statistical methods by the prominent economist who presented his findings at the mediation. Dr. Fairley spoke at the mediation regarding the flaw.

Result

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