NU Online News Service, March. 25, 12:26 p.m. EDT
Management liability insurers may smell trouble ahead in the wake of two U.S. Supreme Court rulings delivered on Tuesday—one increasing securities litigation potential and the other easing the process of bringing certain types of employment cases.
In the securities case, Matrixx Initiatives, Inc., et al. v. Siracusano, the court unanimously upheld a Ninth Circuit decision finding that investors appropriately pled a case against Matrixx alleging they were misled.
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