The current focus of regulatory scrutiny may be a leading indicator of which industry sectors will be targeted for future securities lawsuits, a former plaintiffs' lawyer said recently.
Adam Savett, a former securities case litigator, responding to the question of what might be the next worrisome trend for directors and officers liability insurers during a webinar on securities litigation trends, said he would look to highly regulated industries for clues.
"I think you will continue to see… contagion events," and they "are almost always started off by a regulatory investigation," said Mr. Savett, who is director of Securities Class Actions at Claims Compensation Bureau.
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