A lack of regulation is contributing to a crisis that will ultimately spill over into the directors and officer liability world–global warming, predicts a leading plaintiff attorney.
Mark Lebovitch, a plaintiffs' lawyer for Bernstein Litowitz Berger & Grossmann LLP in New York, made that connection during a panel discussion here during the international conference of the Professional Liability Underwriting Society.
Kicking off that discussion was Richard Bortnick, a coverage attorney for Cozen O'Connor in West Conshohocken, Pa., who was introduced as an expert in climate legal issues. Last year, he said, 76 percent of companies made no climate change disclosures at all in their annual 10-K filings with the SEC, because there have not been laws on the books requiring them to.
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