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.
Advisen said if that filing rate were to hold up for the next three quarters the 676 cases that would result would be far greater than a roughly 500-case average the firm has tabulated over the past three years.
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.
