TITLE

Mortgage securities suits unlikely to roil D&O market

AUTHOR(S)
GREENWALD, JUDY
PUB. DATE
September 2011
SOURCE
Business Insurance;9/12/2011, Vol. 45 Issue 35, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the mortgage securities lawsuits filed by the U.S. Federal Housing Finance Agency (FHFA) against 17 financial institutions, and assesses their implications for directors and officers (D&O) liability market. According to industry experts, the lawsuits could lead to billions of losses for the firms, but their impact on the D&O market is expected to be limited. It reveals that no individual directors have been involved in the investigation.
ACCESSION #
65963241

 

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