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With hundreds of securities class actions filed each year in ever-increasing numbers there has probably never been a more likely time for a publicly held insured company and its board to be targeted with a securities fraud class action. This increase in claims, compounded with a rise in settlment amounts, is serving to increase the cost of disposing them. To address the challenges for companies and their insurers in the current environment, we suggest three strategies to manage risk and protect capital.
April 28, 2004 at 12:00 AM
1 minute read
The original version of this story was published on The Recorder
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