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.
"If you look six months into the future, we might see an awful lot of banks in federal receivership, or banks in which the federal government owns significant equity blocks or in which there's an awful lot of taxpayer money in the form of bailout funds," he noted.
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