Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Carriers and brokers selling Side-A directors and officers liability insurance coverage by delivering warnings about the increasing severity of shareholder derivative lawsuits may be overstating the trend, according to one attorney involved in a major case.

“I don’t think it’s all of a sudden going to open the floodgates, said Mark Lebovitch, a plaintiffs’ lawyer for Bernstein Litowitz Berger & Grossmann LLP in New York, referring to a shareholder derivative action brought by Amalgamated Bank and other shareholders late last year against directors and officers of New York-based Pfizer, a large pharmaceutical company.

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.