Section 11 of the Securities Act imposes liability for
underwriters, directors and others involved with a public
securities offering. The statute also provides a due diligence
defense for everyone, except the issuer. FTI Consulting
professionals are uniquely qualified to provide services prior to
the deal closing to strengthen the due diligence defense of those
involved with an offering
Our consultants and testifying experts can also assist,
after-the-fact, in determining whether adequate due diligence was
performed prior to the offering. FTI Consulting's professionals
include former officials with the Securities and Exchange
Commission (SEC), The Financial Accounting Standards Board (FASB),
the Public Company Accounting Oversight Board (PCAOB), and former
partners and managers with audit firms including the Big Four and
their predecessor firms.
