Thank you for sharing!

Your article was successfully shared with the contacts you provided.

During a session of the Professional Liability Underwriting Society International conference held in San Francisco earlier this month, George Gowen, a member of Cozen O’Connor in Philadelphia, detailed three categories of cases emerging from the subprime crisis–against mortgage lenders, firms involved in the securitization process, as well as investment managers and advisers.

An offshoot of the second category–lawsuits against securities issuers and underwriters–is one unusual case filed by the City of Cleveland against 21 investment banking firms in January, he noted.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.