Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis, but directors and officers liability insurers should brace for more such cases in 2011, a plaintiffs' attorney warned late last month.
"I think we have not seen the end of RMBS litigation," said Gerald Silk, a partner for Bernstein Litowitz in New York, referring to cases brought by investors alleging they were misled when they purchased securities backed by residential mortgages.
Mr. Silk, participating on a webinar hosted by New York-based Advisen, was responding to a question posed by Advisen Principal and Moderator Jim Blinn. Mr. Blinn asked the attorney, who represents investors, "Where will you be trying to make money during the coming year?"
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