Securities Suits Come Back Strong in Q3 2009
Securities lawsuit filings came in at a high clip in the third quarter, but below frantic first quarter levels. With 169 suits, Q3 2009 was up 11 percent compared to Q2 2009. Both securities class action and securities fraud cases grew solidly, representing approximately three-quarters of all filings. Non-US companies saw a significant number of suits, continuing a trend of global exposure. Suits filed against financial firms remained strong, but new filings were more disperse among other industry sectors as new Madoff- and credit crisis-related suits dropped substantially. As part of this Q3 2009 report, Advisen is introducing two new Impact Metrics: Sector Impact Metric™ and Market Cap Impact Metric™. Both provide deeper insight into the trends affecting securities litigation.
Advisen Webinar: Q3 Securities Litigation and D&O Limits Discussion
On Friday, October 16th at 11am EDT, join a panel including Advisen's John Molka & Dave Bradford, who will combine with the D&O Diary's Kevin LaCroix, Zurich's Paul Schiavone, and Arthur J. Gallagher's Phil Norton to review cases filed and settled during the third quarter of 2009. In addition to reviewing the main topics and trends of Securities Litigation during the third quarter, our panelists will engage in a discussion about appropriate D&O limits.
Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/843719489
To purchase data sets from Advisen's MSCAd large loss database, click here
