Corporate liability carriers in the future may have to defend against more class actions, but they will likely see more of them dismissed, judging by a new study.
According to a report by researchers at NERA Consulting, companies face an increased likelihood of being named as defendants in a class action suit, with 10 percent probability of at least one shareholder class action lawsuit over a five-year period based on the filing rate for 2003-2005.
On the positive side for corporations, 40.3 percent of the cases filed against companies between 1998 and 2003 ended in dismissals.
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