An avalanche of legal action related to the year-2000 problem may be headed banks' way, said experts at a conference this week.

Companies that experience year-2000 failures without having properly disclosed their state of readiness may be vulnerable on several fronts, including securities fraud and breach of fiduciary duty lawsuits brought by shareholders or customers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.