Monday, May 04, 2009

2009 Securities Litigation Filing Above 2008

Posted by Plus Master at 8:05 AM
 

According to Advisen, the commercial insurance industry is exposed to a surge in securities litigation filings in the first quarter of 2009, according to results of a quarterly review of securities litigation by Advisen. Advisen tracked 169 securities cases in its Master Significant Case and Action Database (MSCAd), up from 125 cases in Q4 2008 and 134 suits a year earlier in Q1 2008.

Projecting this filing activity forward, 2009 would see 676 securities cases, an increase of 38% over 2008. However, Advisen notes that Madoff-related cases were responsible for 30% of all securities cases in the first quarter, so the brisk pace of filings will likely abate through 2009.

On Friday, May 8, there will be a free webinar reviewing the findings of the report and discussing its implications.  This will be hosted by Dave Bradford and Jim Blinn of Advisen and Kevin LaCroix, RPLU, OakBridge Insurance Services.
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1 Responses to "2009 Securities Litigation Filing Above 2008"

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