US class-action securities lawsuits rose 39% in 2009
Settlements rose 39% in 2009, according to a study by Stanford Law School and Cornerstone Research, less than feared by many US D&O insurers.
The report noted the amounts could rise further as cases stemming from the financial crisis work their way through the courts.
There were 103 settlements totaling $3.83bn last year, up from 97
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