In a case involving the wireless telecommunications industry, counsel for MobileMedia’s auditors retained Dr. Allan Kleidon, a senior vice president of Cornerstone Research, to analyze the plaintiffs’ decision to affirm a prior transaction.
In a case involving the wireless telecommunications industry, counsel for MobileMedia’s auditors retained Dr. Allan Kleidon, a senior vice president of Cornerstone Research, to analyze the plaintiffs’ decision to affirm a prior transaction. The analysis examined whether alleged misstatements and omissions were material to that decision or caused damage to plaintiffs. In addition, Cornerstone Research evaluated analyses produced by the plaintiffs’ experts. The court ruled that the plaintiffs’ damages analyses were based on a flawed theory, and on the eve of trial, the plaintiffs dropped all claims against our client.