Caution: D&O and Foreign Shareholders

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Firms that heralded a 2010 U.S. Supreme Court case barring plaintiffs from bringing class actions under U.S. law based on securities traded outside the U.S. may be having second thoughts. They are now facing litigation in multiple jurisdictions, according to Ann Longmore, an executive vice president of Willis, in this interview with Insurance Journal's Andy Simpson at the recent Professional Liability Underwriting Society's (PLUS) conference in New York.

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