A law school study released today contained encouraging news for directors and officers liability insurers with a finding that securities class actions alleging management misconduct hit a record low last year.
Suits alleging securities fraud dropped 38 percent compared with 2005, according to the report, "Securities Class Action Filings: 2006 Year in Review."
The study was prepared by the Stanford Law School Securities Class Action Clearinghouse, a joint project between Stanford Law School and Cornerstone Research.
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