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Liberty Mutual Insurance Co. and several subsidiaries have filed a lawsuit against Goldman Sachs & Co. claiming the broker misled them in a preferred stock offering for Federal Home Loan Mortgage Corp. late in 2007.

Liberty Mutual Insurance Company has sued Goldman Sachs & Co., alleging that the investment bank misled the insurer about two now-worthless preferred stock offerings of the Federal National Mortgage Association (Fannie Mae).

The CEO and other officers are accused in a shareholder lawsuit, SEC files civil fraud charges and the bank said it expects more.

Directors and officers liability insurance experts do not foresee any major widespread uplift in D&O insurance prices emerging from Goldman Sachs' current woes or the increased lawsuit activity that has been provoked.

In a move that experts saw signaling a new wave of securities litigation, a shareholder class action has been filed against Goldman Sachs Group and three of its executives.

There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.

Ms. Nora Johnson previously was vice chairperson of The Goldman Sachs Group Inc. until she retired in 2007. She had been with Goldman Sachs for over two decades, holding positions such as head of the