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Legal, Liability Insurance News

Lawsuits have become commonplace as shareholders and government officials go after firms and accounting scandals continually erupt. Find out the latest here about shareholder lawsuits, class-action suits, new and ongoing litigation, and liability insurance to protect auditing firms.

Eric Holder Anticipates More Financial Fraud Prosecutions

Six years ago this week, investment bank Lehman Brothers filed for bankruptcy, observed Attorney General Eric Holder at New York University Law School during a speech Wednesday. This marked “the culmination of a period of deregulation, excessive risk-taking, questionable lending practices, and defective underwriting that heralded the worst financial crisis since the Great Depression,” he said. Read more »

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