NERA's Role in Insurance Arbitration over Fortune 100 Company Securities Class Action

The Situation

A Fortune 100 company was in dispute with its insurers over a securities class action lawsuit settlement for nearly $200 million. An arbitration in London dealt with, among other issues, the reasonableness of the settlement.

NERA's Role

NERA Senior Vice President Dr. David Tabak testified on behalf the Fortune 100 company with regard to the reasonableness of the underlying settlement, relying on analyses including statistical modeling based on NERA's database of securities class action settlements.

The Result

Note: Due to the confidentiality requirements of this arbitration matter, we are unable to disclose many details, including the outcome.