NU Online News Service, Jan. 28, 2:42 p.m. EST
Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis in 2010, but directors and officers liability insurers should prepare to see more of those cases in 2011, a plaintiffs' attorney warned last week.
"I think we have not seen the end of RMBS litigation," said Gerald Silk, a partner for Bernstein Litowitz in New York, referring to cases brought by investors alleging they were misled when they purchased securities backed by residential mortgages.
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