Securities Litigation Surges Following a Quiet First Quarter, sponsored by ACE
A surge in securities litigation in the second quarter of 2010 was driven by short term reactions to headline-grabbing events as well as what are shaping up to be longer term shifts in litigation trends. The number of securities lawsuits filed in the quarter, including derivative actions, regulatory suits, and other suits with securities-related allegations in addition to securities class action suits, was up sharply - nearly 30 percent higher than the first quarter, and about 19 percent above the very active second quarter of 2009. This quarterly report on securities litigation is sponsored by ACE.
ADVISEN'S LARGE LOSS DATA
Advisen tracks significant lawsuits filed against companies and their directors and officers in its Master Significant Case and Action database (MSCAd). MSCAd is the most complete and accurate database of such lawsuits, consisting of more than 45,000 events and over $3.2 trillion in aggregate losses. Securities cases in MSCAd represent more than 8,900 events and over $86 billion in aggregate losses.
For information or a list of the suits click here
Advisen Webinar: Second Quarter Securities Litigation Review, Sponsored by ACE
On Friday, July 16 at 11am EST, join a panel including ACE's Carol Zacharias, Integro's Louise Pennington, Goodwin Procter's Carl E. Metzger, the D&O Diary's Kevin LaCroix, , and Advisen's Dave Bradford to review Securities Litigation cases filed and settled during the second quarter of 2010. The session will review Advisen's analysis of 2010 Securities litigation and settlements and discuss the larger implications for underwriters, brokers and risk managers.
Please register for free by clicking here
About ACE
For 25 years, ACE has taken on the responsibility of your risks so that you can take on the responsibility of making things happen. We call that insuring progress. To find out how our people, financial strength, world-wide capabilities and flexible approach can work to insure your progress tomorrow, visit acegroup.com today.
