Subprime and Credit Crisis Filings Show No Sign of Abating Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite the steady flow of new securities litigation during the first half of 2008, …
On Feb. 20, 2008, the United States Supreme Court issued a unanimous holding in LaRue v. DeWolff, Boberg & Associates that the Employment Retirement Income Security Act (ERISA) authorizes individual defined contribution plan participants to sue for fiduciary breaches that …
Several observers and analysts have recently tried to estimate the insurance industry’s aggregate subprime-related loss exposure. At one end, Bear Stearns has estimated the industry’s exposure at $8 billion to $9 billion. By contrast, Lehman Brothers estimated that the insurance …
There are likely to be more securities class action lawsuits in 2008 than any year since the passage of the Private Securities Litigation Reform Act in 1995. In addition, the subprime-related litigation wave is likely to continue to emerge well …
Lawsuits against 401(k) plan fiduciaries and fund managers on the rise Subprime-related ERISA lawsuits fall into one of two categories: lawsuits brought by or on behalf of employees against plan fiduciaries in connection with company stock held in the employees’ …
Lawsuits against 401(k) plan fiduciaries and fund managers on the rise In recent 2007 year-end studies, both Cornerstone Research and NERA Economic Consulting documented how the subprime-related litigation wave drove an increase in securities class action filings during the year. …
In recent 2007 year-end studies, both Corner-stone Research and NERA Economic Consulting documented how the subprime-related litigation wave drove an increase in securities class action filings during the year. But a related development has drawn less attention — in addition …
The subprime mortgage meltdown has been a leading story on the front pages of newspapers around the country for the past few months. The uproar also has led to a flood of new lawsuits and to concerns about how much …
The subprime mortgage meltdown has been a leading story on the front pages of newspapers around the country for the past few months. The uproar also has led to a flood of new lawsuits and to concerns about how much …
The subprime mortgage meltdown has been a leading story on the front pages of newspapers around the country for the past few months. The uproar also has led to a flood of new lawsuits and to concerns about how much …
