TITLE

Stock Rally May Blunt Investor Suits

PUB. DATE
December 2009
SOURCE
American Banker;12/21/2009, Vol. 174 Issue 225, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that the recovery of equity markets may have signaled an end to a spate of class actions against U.S. financial companies. Lawsuits against the U.S. financial industry for money-losing investments and bad loans have declined in the first nine months of 2009 from 2008. The article reports that insurers that sell coverage for lawsuit costs may reduce rates in 2010.
ACCESSION #
47359321

 

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