Securities class action settlements rise 35% in 2009
New industry research shows that securities class action settlements rose 35 percent to $3.8bn in 2009, offering further evidence that pressure is mounting on insurers with US professional liability exposures.
According to the latest study by Cornerstone Research, a total of 103 settlements were made in 2009 - an increase over the 97 recorded in 2008 at a total of $2.7bn. The research confirms previous reports that the relatively quiet 2008 may have been a temporary phenomenon as the financial...
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