The Risk Finance of Class Action Settlement Pressure
J.B. HEATON
(Trial attorney with Bartlit Beck Herman Palenchar & Scott in Chicago and an adjunct associate professor of finance at Duke University Fuqua School of Business and Duke Global Capital Markets Center. He is also the law and finance contributing editor of The Journal of Risk Finance. jb.heaton@bartIit‐beck.com)
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Abstract
Most high‐stakes litigation settles prior to the trial verdict being achieved. This apparent class action settlement pressure raises an interesting risk finance question addressed by the authors in this article. The article describes the basic law and economics of settlement risk within the context of potential and limitations of insurance and capital markets solutions.
Citation
HEATON, J.B. (2003), "The Risk Finance of Class Action Settlement Pressure", Journal of Risk Finance, Vol. 4 No. 3, pp. 75-81. https://doi.org/10.1108/eb022967
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited