The Madoff Ponzi scheme scandal is sparking an explosion of legal actions that will likely hit fund investors, as well as insurers, auditors and lawyers, among others, a panel of legal experts advised today.

Their comments came during a Webinar organized by New York-based consulting firm Advisen, which included David Bradford, Advisen executive vice president and chief knowledge officer; Mike Adler, vice president of Ironshore Claims LLC; Ray DeCarlo, Frank Crystal & Company senior management director; Marshall Gilinsky, a shareholder in Anderson Kill & Olick; and Karen Mariscal, counsel with Edwards Angell Palmer & Dodge.

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