MicroStrategy, Inc. Securities Litigation
MicroStrategy, Inc. and its auditor, PricewaterhouseCoopers, were named in a class action lawsuit that alleged that the announcement had caused a one-day $11 billion drop in the market capitalization of…
Mylan Pharmaceuticals v. The Procter & Gamble Company
In an alleged predatory pricing matter, Mylan Pharmaceuticals, a generic drug manufacturer, claimed that Procter & Gamble, the brand manufacturer, and Watson Pharmaceuticals, an authorized generic manufacturer, were selling competing…
Professional Malpractice
Cornerstone Research was retained to support two experts on behalf of a national accounting firm against claims of professional malpractice and breach of contract before a three-arbitrator panel.
Reliance on Audited Financial Statements
Cornerstone Research and Professor Christopher James of the University of Florida were retained to assist KPMG in a dispute with a syndicate of banks over a secured line of credit…
Restatement and Accounting Change
Counsel for a major firm involved in a securities class action retained Cornerstone Research to support two experts who addressed accounting issues and materiality.
SEC/DOJ Investigation of FCPA Violations by a Fortune 500 Energy Firm
Cornerstone Research and an accounting expert assisted a large provider of energy-related products and services in SEC and DOJ investigations regarding a former subsidiary’s alleged violations of the Foreign Corrupt…
Pharmaceutical Marketing
In a class action lawsuit seeking billions of dollars in damages, the plaintiffs alleged that the defendant had engaged in fraudulent off-label marketing of a prescription drug.
Allegedly Improper Revenue Recognition and Reserves
In a class action suit against a leading technology firm, Cornerstone Research supported four experts: an accounting expert, a corporate governance expert, an industry expert, and an executive compensation expert.
Becker v. Commissioner of Internal Revenue
In U.S. Tax Court, a Cornerstone Research expert provided testimony on valuing a noncompete agreement between a privately held company and its former chief operating officer.
Bennett Funding Group Bankruptcy Cases
Cornerstone Research worked with William Silber of New York University on behalf of the Bennett bankruptcy estate to assess the value of a warrant of a small publicly traded company.