Rise in Securities Litigation
A Combination of factors -- notably the credit crisis of 2008 and the Madoff and other fraudulent schemes that unraveled in the same year -- combined to cause a sharp increase in securities litigation over the past decade.
EZRA is a leader in providing litigation research, analysis and expert witness testimony in over 20 cases involving top law firms and government agencies in subjects including valuation of hedge funds and complex securities portfolios; risk assessment of structured product and their suitability for various portfolios; due diligence performed by investment management firms of Madoff and MBS investments; partnership disputes; market manipulation cases.
EZRA Litigation Support Examples
Madoff Investments Conducted research in several cases analyzing the quality of due diligence conducted by banks, feeder funds and wealth managers in recommending Madoff investments to their clients.
Investment in Structured Products Performed research and litigation support for a number cases involving the appropriateness and suitability of investing customer money in MBS/CDO structures involving sub-prime mortgages. The research included extensive analysis of mortgage backed structured products including quality of underlying mortgage holders, credit protection of various tranches of MBS/CDO.
Lehman and Bear Stearns Conducted extensive forensic research on the causes of the failure of Lehman and the Bear Stearns hedge funds. Had access to extensive internal documents, risk management and management decisions.