posted on December 9, 2009 by Ted Bills

Subprime Suits Unlikely to Succeed, Insurer Says

Subprime mortgage-related lawsuits against company executives or board members have little chance of succeeding, according to a firm that provides insurance against such claims. XL Capital Ltd. CEO Michael McGavick said yesterday that it will be tough for investors to meet the legal threshold required to extract damages. Investors filed about 100 class-action securities lawsuits in 2008 seeking to recover losses related to more than $1.7 trillion in global writedowns and other credit losses.

Filed Under: Briefs, Class-Action Suits, Insurance Bad Faith, Misconduct, Of General Interest

About Ted Bills

Ted Bills is the founder of Bills Law, LLC, a personal injury law firm dedicated to the representation of innocent victims of car accidents and other types of injury accidents. Ted is a native of Colorado Springs and he obtained his business degree from the University of Colorado and he completed his doctoral studies in law at Washburn University School of Law. Ted is licensed to practice law in all Colorado, Federal, and State courts. His practice areas include: Automobile Accidents, Pedestrian Accidents, Semi Truck and Bus Accidents, Wrongful Death, Catastrophic Injuries, Traumatic Brain Injuries, Spinal Cord Injuries, Insurance Bad Faith, and Medical Malpractice.

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Testimonials

I want to thank you for your efforts on my behalf. I also appreciated the constant communication. — DH, Colorado Springs, ColoradoConstant Communicationhttp://www.springsattorney.com/testimonial

I was treated with respect and as a person and not just another client – thank you. — JT, CaliforniaTreated with respecthttp://www.springsattorney.com/testimonial

My divorce attorney recommended you for the serious car accident I was in. You were patient and helped me cope. The case was closed with me very happy. — SD, Colorado SpringsRecommended by other attorneyshttp://www.springsattorney.com/testimonial

You Won, I Won, We both Won – Great Job. — EC, Woodland Park, ColoradoWin - Winhttp://www.springsattorney.com/testimonial

Your support was 2nd to none, especially for an attorney! The firm I contacted first seemed to want me to do all the work! — JJ, Colorado Springs, ColoradoSupport second to nonehttp://www.springsattorney.com/testimonial

I am a believer – I called you, we discussed my situation and you wrote a single letter to the insurance company and my settlement increased by $20,000. Thanks. I trust you completely. — HD, Colorado SpringsIncreased Settlementhttp://www.springsattorney.com/testimonial

You have taken great care of me and helped me cope with my injuries. Many Thanks – I was told by another attorney that you were the “best” and he was correct. — OG, Cascade, ColoradoAnother attorney that you were the "best"http://www.springsattorney.com/testimonial

I want to extend my gratitude because I was very satisfied with your service – you were with me all the way and I never had an unanswered question. — AS, Castle Rock, ColoradoNo Unanswered Questionshttp://www.springsattorney.com/testimonial

Every time I hear from you, I learn something new and I am really impressed with your analysis, knowledge & professionalism — RI, Pueblo, ColoradoExpertise and Professionalismhttp://www.springsattorney.com/testimonial

My real estate attorney referred me to you and I’ve been greatly impressed. — TH, Colorado SpringsReferred to you by my Real Estate attorneyhttp://www.springsattorney.com/testimonial

You’re the man. Great job! — HS, Colorado Springs, ColoradoGreat jobhttp://www.springsattorney.com/testimonial

Thank you so much – you’re a gentleman and your services excellent. — EB, Cascade, ColoradoExcellent Servicehttp://www.springsattorney.com/testimonial

On the recommendation of a friend, I contacted you and it was the best advice I have ever been given. — RB, Colorado Springs. COReccomended by a friend, best advice everhttp://www.springsattorney.com/testimonial

Thank you for paying the bills and getting me a more than fair settlement. — NTD, Colorado Springs, ColoradoPaying the billshttp://www.springsattorney.com/testimonial

The reason I hired you is that when I called you, I got you – not some para-legal and you answered all of my questions with patience and clarity. — IB, Colorado Springs, ColoradoCall me, get mehttp://www.springsattorney.com/testimonial

You provided the best service I have ever had. — VCS, Surprise ArizonaBest Service Everhttp://www.springsattorney.com/testimonial

You are the best. Thanks! — JR, Colorado Springs, ColoradoThe besthttp://www.springsattorney.com/testimonial

I expected results and you delivered. What I didn’t expect was the great support from everyone at your office. — JG, Fountain, COResults. Delivered.http://www.springsattorney.com/testimonial

Wow, you’re good – a lot better than I hoped for. — JR, Littleton, COWow, you're goodhttp://www.springsattorney.com/testimonial

Subprime Suits Unlikely to Succeed, Insurer Says

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