Zealous Institutions Drive D&O Settlement Skyward
With the noise of IPO laddering claims figuring into this year'sstatistics, there isn't total agreement about whether the level ofmore traditional securities cases in 2001 will be slightly up orslightly down from last year. But the dismissal rate of such casesis no longer rising and settlement values are ballooning, accordingto a plaintiffs' attorney.
“I believe the trends are positive for plaintiffs' securitiesclass action litigation–and, conversely, negative for yourindustry,” Sherrie Savett, managing principal for Berger &Montague in Philadelphia, told insurers and brokers gathered at theannual meeting of the Professional Liability Underwriting Societyin November.
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