Madoff Lawsuit Virus Likely To Spread To Insurance

By Evan Weinberger

Law360, New York (January 09, 2009, 12:00 AM ET) -- Bernard L. Madoff's alleged $50 billion Ponzi scheme has investors searching for cash anywhere they can find it and investment advisers, banks and hedge funds running for cover. When those initial claims are settled, litigation with insurance companies over paying the defrauded will just be gearing up.

But even with dozens, possibly hundreds, of lawsuits filed around the world already, the litigation surrounding Madoff's fraud will pick up even more as holders of directors and officer and errors and omissions policies seek help from their insurance...
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