Simply having a lot of data is insufficient. The key is being able to take that data and turn it into insight that can be used in court. Harnessing the power of forensic data analytics Forensic Data Analytics (FDA) is the collection, integration, analysis, and presentation of data using advanced technology and statistical techniques. In the context of a class action lawsuit, FDA can be used to support a case in a multitude of ways, from rules based analytics to advanced data mining using unstructured data. FDA also includes visualizing large volumes of data such that complex analyses can be interpreted by a judge.
A client recently approached KPMG’s Forensic practice asking for help in analyzing the reasonability of one of its penalty fees in the context of a class action lawsuit launched against them.
Plaintiffs (Members of the group) argument
The members of the group argued, among other things, that the penalty fees were disproportionate with regard to the benefits that they had received from the defendant.
Our unique approach
What did the court say about KPMG’s FDA approach?
The expert was independent. This is shown by the very detailed method they utilized to retrieve historical source data.
No stone was left unturned. The amount of data used by the expert is the equivalent of 5,000,000 printed pages, which shows the exhaustively of the work performed
In the context of a class action, it is important to use FDA to get an accurate picture of the alleged damage. Our Forensic team has extensive experience in a wide variety of industries including Telecommunications, Financial Institutions, Retail and Public sector. We will help you leverage data to gain insight and a competitive advantage in court.