We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Madoff Lawsuit Virus Likely To Spread To Insurance

Law360 (January 9, 2009, 12:00 AM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.