US law firms Strasburger & Price and Castillo Snyder have filed a class action lawsuit in the US Federal Court against Willis Group Holdings, seeking $1bn in damages.
Stanford Financial's directors' and officers' (D&O) insurance, bankers' blanket bond (BBB) insurance and errors and omissions (E&O) cover was placed in the London market through global insurance broker Willis.
The suit, filed on behalf of Mexican depositor cli...