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Class Actions

The use of class actions, or representative actions as remedies in litigation is becoming more common in jurisdictions outside of North America.  All indications are that class actions will continue to find their way into litigation regimes around the world.  The volume of data, the complexity of financial models, and the increased expectation of precision make it imperative to have forensic accounting experts on-hand to help during the various phases of a class action, from the certification stage, to the determination of damages and administration of awards.

class action accountants, class action support

As a leading international forensic accounting firm, we offer our clients a distinct competitive advantage. We specialize exclusively in economic damage quantification: we do not provide tax or assurance services, which means we have far fewer conflicts in accepting engagements.

Some examples of our experience in class actions include:

  • Assisting the defendant, Justice Canada in their defense of various class actions
  • Assisting the plaintiff U.S. Foodservice in a multi-district class action
  • Assisting in the review of attorney fees from over 1,000 firms and individuals

Our forensic accounting experts can assist with class actions in a broad range of industries, including: consumer goods, education, franchising, government, insurance, fraud, labor and employment, pharmaceuticals, pension, professional services and securities.

We offer class action support for both plaintiff and defense counsel including:

  • Assisting counsel in articulating the damage methodology during the certification process
  • Developing an approach and methodology for aggregate damage quantification and apportionment to class members
  • Preparation of independent and objective expert opinions
  • Responses to and critiques of opposing expert
  • Assistance in mediation and other settlement proceedings
  • Providing expert witness testimony if required
  • Administration of settlement

For independent and objective assistance with class actions, hire MDD.

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