Jimmy S. Pappas

Ontario Superior Court of Justice (Ontario, Canada) - Civil: On behalf of the plaintiff, represented by a bankruptcy trustee, issued expert reports on the valuation and solvency of a financial institution before the petition date, as well as economic damages arising from an alleged deepening insolvency caused by defendants’ conduct. Testimony: Trial testimony for three days - valuation, insolvency, and economic damages.

Massachusetts Superior Court (Business Litigation Session) - Civil: On behalf of the defendant, issued a rebuttal expert report in a shareholder dispute concerning the fair market value of an educational institution in China and the quantification of alleged economic damages. Testimony: Trial testimony - valuation and damages.

U.S. Bankruptcy Court (Northern District of California) - Civil: On behalf of defendants, including former executives and external auditors of a bankrupt manufacturer, issued expert reports addressing the integrity of the company’s financial statements, the integrity of the related audits, the company’s pre-petition solvency, and the economic damages claimed by the plaintiff bankruptcy trustee. Testimony: Deposition testimony - insolvency, accounting, auditing, and economic damages.

U.S. District Court (District of Massachusetts) - Criminal: On behalf of a defendant who pleaded guilty to securities fraud charges, issued an expert report during sentencing quantifying the gain realized from the alleged conduct under a stipulated plea formula. Also addressed the statistical significance of abnormal returns in the affected publicly traded security using an event study.

U.S. District Court (District of Massachusetts) - SEC Enforcement Civil: On behalf of former executives of a health care company, issued an expert report addressing whether alleged accounting irregularities in the company’s financial statements had a statistically significant effect on share price, based on an event study. Testimony: Deposition testimony - market reaction analysis pursuant to an event study.

U.S. District Court (Middle District of North Carolina) - Civil: On behalf of the plaintiff, issued an expert report quantifying economic damages arising from allegations of theft of trade secrets and conspiracy. Testimony: Deposition testimony - economic damages.

Connecticut Superior Court - Civil: On behalf of the defendant in a legal malpractice matter, issued an expert report quantifying the fair market value of a manufacturer in Brazil. Testimony: Deposition testimony - valuation.

U.S. District Court (District of Massachusetts) - Criminal: On behalf of a defendant charged with insider trading, provided trial testimony opining that the alleged insider information could have been derived from the acquired company’s SEC filings and industry consolidation trends. Testimony: Trial testimony - accounting and market analysis.

Rhode Island Superior Court - Civil: On behalf of the plaintiff in a shareholder dispute, issued an expert report addressing the application of Generally Accepted Accounting Principles, the interpretation of relevant operating agreement provisions, and the quantification of economic damages. Testimony: Trial and deposition testimony - accounting and economic damages.

International Chamber of Commerce - Arbitration: On behalf of the respondent in a product licensing dispute, issued an expert report addressing the application of Generally Accepted Accounting Principles in connection with the interpretation of relevant agreement provisions and related economic damages. Testimony: Trial testimony in arbitration - accounting and economic damages.

Investigation of nationally publicized operational control failures at the Massachusetts Registry of Motor Vehicles, culminating in a public report with findings, root-cause analysis, remediation steps, and governance/internal-control recommendations.

Post-acquisition FCPA investigation for a publicly traded technology company involving a newly acquired entity in Brazil.

Internal investigation for a public technology company, conducted at the direction of the audit committee, into alleged financial statement fraud and FCPA violations.

Internal investigation for a privately held health care organization into alleged embezzlement.

Internal investigation for a public technology company into allegations of financial statement fraud raised by a short seller.

Fraud and corruption risk assessment for a privately held global manufacturer, including development of a remediation plan.

Assistance to the controller of a public company in preparing a response to an SEC Wells Notice.

Cyber-incident engagement for a public technology company involving quantification of losses, preparation of a comprehensive findings report, and support in negotiations with business interruption insurers.