A trial to decide broker Steven S. Novick's $20 million contract beef against two AXA units was punctuated Wednesday by accusations that evidence was improperly altered and a shouting match between Novick's counsel, Michael S. Finkelstein of Finkelstein & Feil PC, and two Epstein Becker & Green PC lawyers representing the financial giant.
Two DLA Piper lawyers lied in sworn testimony about telling a potential witness in a prescription drug plan suit to not speak to opposing counsel, a New York federal judge said in a Wednesday order.
A Mississippi federal judge held Wednesday that an insurance policy issued by a Travelers unit covers an underlying civil rights action brought by men who spent decades in prison based on wrongful convictions, despite finding that several other policies provided by the insurer and its subsidiaries don’t apply.
A Missouri federal court abused its discretion and wrongly excluded Fidelity National Title Insurance's key defense argument, costing the insurer nearly $9 million in damages and attorneys' fees after a jury concluded Fidelity failed to defend a real estate investor against mechanics' liens, the insurer told the Eighth Circuit Tuesday.
The former co-chair of BakerHostetler’s information governance team and founder of its e-discovery and technology group has joined BDO Consulting as the managing director of the firm’s technology advisory services practice, the BDO USA LLP division announced on Wednesday.
Assurance Co. of America can’t escape covering a construction contractor in a dispute over fire damage to a Lake Geneva, Wisconsin, luxury home — that was still under construction although the owners had moved in — because its builder's risk policy did not end once the homeowners' property policy was in place, the Wisconsin Supreme Court said Wednesday.
National Union owes no repayment to a Texas-based trailer maker for its defense costs in an underlying lawsuit regarding a container test gone wrong, because the container damage was excluded under the company's policy, a Texas federal judge ruled Tuesday.
U.S. financial regulators on Wednesday said General Electric Co.’s finance arm was released from its designation as a systemically important financial institution, freeing it from enhanced oversight from the Federal Reserve and providing a roadmap for firms seeking to escape stricter regulation.
A pair of insurers on Tuesday hit Vita-Mix Corp. with a suit seeking to escape covering the blender maker in an underlying class action brought by consumers alleging it knowingly sold defective blenders, saying the suit falls under policy exclusions for damage that the company "expected or intended."
A Connecticut federal judge has ruled that Navigators Insurance Co. doesn't have to cover a bank's $4.8 million loss from an ATM operator's fraudulent scheme, holding that Navigators properly revoked a series of insurance policies due to misrepresentations that the ATM company made on the policy applications.
Florida asked a state court on Monday to let it add more fraud and breach of fiduciary duty claims in its lawsuit against the directors and officers of insolvent Aequicap Insurance Co. alleging mismanagement and concealment of its financial issues.
Some law firms have perfected the art of pleasing general counsels, a skill that wins them the love of clients and allows them to score new cases and deals. Here, we look at a new report that delves into the intricacies of making clients happy.
California Democratic Gov. Jerry Brown on Tuesday announced 18 appointments to trial courts across the state, including a Hogan Lovells partner to the Los Angeles bench who has represented clients in industries including insurance, pharmaceutical, environmental consulting, sports and entertainment.
Old Republic Insurance Co. on Monday urged the Fifth Circuit to overturn a district court's ruling that it must cover a $3.3 million personal injury suit against Exxon Mobil Corp., saying a Texas federal judge ignored the effect of its policy's $3 million deductible.
Some law firms have honed their ability to serve clients so well that their relationships with general counsels have entered a sort of utopian existence where they earn glowing recommendations from clients and consistently win work. Here, find out which 24 firms have reached a state of “clientopia,” according to a new report by BTI Consulting Group.
In an insurance industry that's constantly evolving, 16 law firms have consistently won business as primary counsel for insurance clients while also amassing a high number of unprompted recommendations, according to a new report.
A broker took his decadeold, $20 million contract beef with insurer AXA Network LLC and its sister broker-dealer before a New York civil jury Tuesday, claiming the financial giant lured him and his $120 million book of business in 2002 before unlawfully terminating him, while AXA said he was fired for pitching improper investments.
A Florida businessman has been sentenced to 51 months in prison for seven years of tax evasion and wire fraud in connection with an investment scheme he ran involving multiple ventures, including an insurance provider and several companies with gambling interests in the Caribbean.
An insurance company accused the U.S. Department of the Interior of arbitrarily canceling a $20 million loan guarantee, violating its own records policies when its decision was challenged and subjecting the insurer to an unfair administrative appeals process in a suit filed Monday in Ohio federal court.
Landmark American Insurance Co. sued its insurance customer Frisco Reproductive Surgery Center LLC in Connecticut federal court on Monday, saying it didn’t have to defend Frisco in underlying litigation alleging Frisco billed "phantom charges" to Cigna.
Student loan debt can feel overwhelming to new lawyers, especially when just getting started post graduation. Andrew Josuweit, co-founder and CEO of Student Loan Hero Inc., reviews the loan repayment plans available and discusses the best path forward for recent grads shouldering law school debt.
Indiana recently joined a handful of other states that authorize and regulate the consumer third-party litigation funding industry by statute. Scheduled to take effect on July 1, the statute also establishes a new distinction between the various types of legal funding. But, in doing so, it could potentially reduce the availability of capital, says Victoria Shannon Sahani, associate professor at Washington and Lee University School of Law.
Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.
With all eyes on the U.S. Supreme Court, litigation lawyers may have glanced quickly at important cases coming from the lower courts and providing guidelines on confidentiality orders, picking off plaintiffs, the treatment of buried disclosure in securities litigation, and antitrust pleadings, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
In International Energy Ventures Management v. United Energy, the Fifth Circuit recently cleared up the confusion over improper-joinder analysis in Texas by unequivocally holding that the federal pleading standard applies, says Tyler McGuire at Zelle LLP.
An understanding of the damage model and the facts and figures to back it up is crucial to a successful mediation in commercial cases. This is true for both plaintiffs counsel and defense counsel, says Karen Willcutts, former associate judge for Dallas County and an arbitrator at JAMS ADR.
While California courts have entertained the notion that an insurer’s conduct during coverage litigation may be considered evidence of bad faith under extremely limited circumstances, they more consistently recognize that an insurer — like any litigant — is entitled to a fair day in court, as illustrated by a California federal court's recent decision in Genesis Insurance v. Magma Design, says Jennifer Williams at Wiley Rein LLP.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.
As illustrated by a recent New York appeals court decision, law firms all-too-frequently fail to help their clients determine at the outset of a claim whether or not there is insurance available to protect them, says Kevin LaCroix at RT ProExec.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.