SAN FRANCISCO–Securities class actions are being brought with more institutions as plaintiffs and show no signs of decreasing, despite the imprisonment of one of the nation's busiest class action lawyers, a legal expert told underwriters meeting here.
The comments by attorney Boris Feldman came Wednesday at the Professional Liability Underwriting Society's International Conference, where a panel warned that securities suits still fail to get enough judicial scrutiny and there are indications many such actions continue to be tinged with fraud.
Attendees at the conference were shown a video titled "The Rise and Fall of William Lerach," featuring one of the last interviews granted by Mr. Lerach, an attorney who was imprisoned for paying illegal kickbacks to persons who agreed to become plaintiffs in securities class actions.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
