The former CEO of Life Partners Holdings Inc. disputed a Texas federal magistrate judge’s call for him to pay $5 million in fines, saying Wednesday that the judge got the law wrong and gave his stamp of approval to the U.S. Securities and Exchange Commission’s “trophy-hunting” mindset.
A California federal judge on Thursday dismissed a suit by the Pharmaceutical Research and Manufacturers of America challenging a state drug pricing law, finding the industry organization was only able to speculate that its members would be harmed by the law.
Ace American Insurance Co. asked a Texas court to strike parts of a developer's lawsuit over $8.5 million in disputed payouts for delays and setbacks in the Statler Hilton Hotel's $250 million renovation, slamming the hotel owners for citing allegedly confidential settlement discussions in the suit.
A Georgia-based cosmetics producer has sued a subsidiary of CNA Financial Corp. in Georgia federal court, claiming the insurer breached their insurance agreement by refusing to cover the producer in a lawsuit alleging its talc-based cosmetics contained asbestos that caused cancer in a customer.
French insurer AXA has served up a suit at a London court against its U.K. arm on behalf of a British construction company as it seeks approximately £1.1 million ($1.4 million) over damage allegedly caused to a tennis court at a venue that hosts a top-level women’s tournament.
A Massachusetts federal judge granted final approval Wednesday to a settlement between Amica Mutual Insurance Co. and car insurance policyholders that could surpass $27 million but is on track to net a fraction of that figure, including $475,000 for three small Massachusetts law firms that hammered out the deal resolving a coverage dispute over medical expenses.
A New York federal judge said Tuesday that the fifth iteration of a class action alleging that MetLife misled investors by underreporting life insurance death benefit liabilities could move forward, saying the investors had adequately pled that the insurer and its officers knew they were misrepresenting the company's financial health.
A Virginia federal judge on Wednesday ruled that clouds of concrete dust that damaged an aircraft parts distributor’s warehouse constitute smoke, triggering an exception to a pollution exclusion in the company’s policy with a Nationwide unit and saving its claim for $3.2 million in property damage and business interruption losses.
Allergan and Shire are trading blows over a recent ruling that kept alive Pfizer’s antitrust suit against Johnson & Johnson over alleged coercion of health insurers, debating whether it lends credence to similar coercion allegations against Allergan.
A California federal court judge on Tuesday tossed a lawsuit filed by a San Francisco Bay Area hospital group that accuses Kaiser Foundation Hospitals Inc. and its insurer of creating a monopoly on health care in the state, finding that the hospital group failed to allege that it’s been harmed by the alleged antitrust violations.
A trust tasked with securing payouts on asbestos injury claims against Asarco LLC can pursue the full limits of excess policies that defunct Midland Insurance Co. issued to the mining company in a single year, a New York judge has ruled, refusing to restrict the insurer’s coverage to a proportional share of the trust’s total recovery.
Great-West Life & Annuity Insurance Co. on Wednesday told the Tenth Circuit that a recent appellate court ruling that several major banks weren’t fiduciaries in an Employee Retirement Income Security Act suit supported the insurer’s win in a class action over how it distributed investment profits to 401(k) plan participants.
A Louisiana federal judge found that a law firm embroiled in its own legal troubles wasn’t responsible for a construction company missing a deadline to sue BP PLC in sprawling multidistrict litigation over the 2010 Deepwater Horizon oil spill, tossing a legal malpractice suit against the firm and its attorneys.
The former top lawyer for bankrupt life settlement trader Life Partners Holdings Inc. urged a federal judge in Texas to reject a report and recommendation from a magistrate judge that he be held liable for the “bad actions” of the company's former CEO, who was found liable for securities violations.
A New Jersey dump truck company has sued its workers' comp insurance agent in state court, saying the agent failed to procure a policy that would have covered an employee's injury in New York.
Wiley Rein LLP partner Leland Jones obtained an Eleventh Circuit victory for a liability insurer in a contaminated-medicine case and helped a client win a Ninth Circuit ruling in litigation over the meaning of “professional services,” making him one of five insurance attorneys under 40 to land on Law360's list of Rising Stars.
A Florida federal judge on Monday trimmed a suit brought by national pediatric services provider Pediatrix Medical Services Inc. alleging Aetna Inc. has engaged in a systematic scheme to pressure and manipulate medical providers to reduce claims payments.
The Sixth Circuit on Tuesday declined to review a panel’s decision that Travelers must cover more than $800,000 that a tool manufacturer lost when cybercriminals posing as a vendor used fraudulent emails to deceive the company into wiring money to a sham bank account.
D.C. Circuit Judge Brett Kavanaugh spent most of his time during his stint in the Bush White House dispensing legal advice, but documents released this month as part of his U.S. Supreme Court confirmation process show he also worked on legislative efforts to overhaul class action jurisdiction and terrorism insurance.
The same day a Missouri appellate panel affirmed a $37.5 million award in a suit accusing a motorist of negligently causing a highway accident resulting in a man’s paraplegia, Allstate Insurance Co. agreed to pay a $30.5 million settlement to resolve the issue, the injured man’s attorney said Tuesday.
Last month, the U.S. Department of Justice released the results of its ninth annual health care fraud takedown, an aggregation of criminal, civil and administrative health care-related actions. It appears that the DOJ and its law enforcement partners are sticking to many of the same enforcement areas that were central to last year's takedown, say Melissa Jampol and George Breen of Epstein Becker Green.
Employment benefit plans rely on a variety of service providers to administer benefits, making them vulnerable to cyberattacks. Plan sponsors should ensure that their employee benefit plans have as many levels of protection as possible, including fiduciary liability insurance, fidelity bonds and cyber liability insurance, says Laura Fischer of Spencer Fane LLP.
While Senate hearings on the nomination of Brett Kavanaugh to the U.S. Supreme Court will draw much attention during July, Congress remains very busy with fiscal year 2019 appropriations bills. The chambers may go to conference this month on the first of several appropriations "minibuses," says Layth Elhassani of Covington & Burling LLP.
People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.
An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.
There are a number of ongoing antitrust cases involving health insurance networks that may be susceptible to the type of two-sided market analysis described by the U.S. Supreme Court last month in Ohio v. American Express, say David Garcia and Nadezhda Nikonova of Sheppard Mullin Richter & Hampton LLP.
In MDC v. Eighth Judicial District Court, the Nevada Supreme Court clarified the conditions under which Nevada employees may pay a lower tier minimum wage. However, the court also created a potentially confusing new requirement defining health insurance under the state's minimum wage amendment, say Rick Roskelley and Kathryn Blakey of Littler Mendelson PC.
As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
In the D.C. Circuit's Anthem and Whole Foods cases, U.S. Supreme Court nominee Judge Brett Kavanaugh disagreed with his colleagues’ decisions to block the contemplated mergers, suggesting an antitrust jurisprudence leery of excessive enforcement activity, say Timothy Gray and Melissa Ginsberg of Patterson Belknap Webb & Tyler LLP.