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First-Quarter Securities Lawsuits Total 169, Advisen Says

A first-quarter jump of 38 percent in securities cases is worrisome to insurers of directors and officers named as defendants in such cases, but the pace of filings could slow, a research firm said.

By staff Writer | Updated on May 24, 2009

A first-quarter jump of 38 percent in securities cases is worrisome to insurers of directors and officers named as defendants in such cases, but the pace of filings could slow, a research firm said.

New York-based Advisen, which counted 169 securities filings in a database that it refers to as the Master Significant Case and Action Database (MSCAd), said 30 percent of these first-quarter cases relate to the Madoff Ponzi scheme.

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