Taxpayer money used to bail out failing banks may mean lower dollars paid out on settlements for the latest crop of securities class actions against financial institutions, an academic predicted recently.
Experts speaking at the opening session of the Professional Liability Underwriting Society's D&O Symposium last month generally predicted legislative, regulatory and judicial developments that will be bad news for defendant corporations and their directors and officers.
"I think there's one other kind of change that might even be a pro-defendant change that's quite possible," said Columbia University Professor John Coffee.
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