Litigation Risk
Exposure to regulatory action has surpassed that of
shareholder-related suits. In the history of the SEC, there have been 18
penalty payments in excess of $50 million -and 12 of these have occurred
within the past 15 months.”
Financial Services -Driven by SEC 17a-4
-190PB market by 2006 (59% CAGR)Litigation Risk of electronic evidence
The focus of litigation is increasingly dependent on the
discovery and authenticity of electronic evidence.
Average securities litigation settlements continue to rise
-$25.1M in first seven months of 2003 (Pricewaterhouse Coopers).
Average product liability settlement has jumped from 1.7
million in 1996 to 6 million in 2002 (Wall Street Journal).
“Mega liability awards -those in excess of $100 million
-have grown significantly. 7 such settlements in 2004. (Willis
Group).
