The eye-popping $250 million that State Farm will pay to settle claims it rigged an Illinois judicial election to overturn a $1 billion class action verdict likely will spur copycat suits over judicial campaign donations and the blurry lines of influence they yield, experts say.
The Seventh Circuit on Monday declined to force an Illinois insurance company to come up with $6.2 million of the $7.2 million a plastics company was ordered to pay for a defective laminate covering that allegedly caused oil byproducts stored in containers to ignite, saying the plastics company never made the case that its product's failure and subsequent property damage hurt its customer's future profits.
Reversing a Nebraska federal court, the Eighth Circuit ruled Tuesday that a unit of The Travelers Cos. doesn't need to pay $5 million toward a default judgment against a Douglas County Sheriff's Office investigator who tampered with evidence in a murder case, finding the insurer's policy excludes indemnification for criminal acts.
Marriott International Inc. asked a Florida federal court on Monday to throw out a bid for class information by former hotel workers suing over allegedly deficient notices about their rights to continued health care coverage under the Consolidated Omnibus Budget Reconciliation Act, arguing the motion is both premature and inaccurate.
European regulators must gear up to prevent financial woes spreading between troubled securities, banking and insurance companies amid heightened risk from Brexit, three major financial watchdogs said Tuesday.
U.S. Specialty Insurance Co. must defend an aerial advertising company in a wrongful death suit stemming from a 2016 incident in which a woman was killed by a severed power line when one of the company's pilots crash-landed in Detroit, an Ohio federal judge ruled Monday, rejecting the insurer's bid to apply a policy exclusion.
A New York judge has thrown out a nearly $2.3 million jury verdict against a Liberty Mutual unit accused of wrongfully refusing to cover an officer of a Florida computer equipment company in litigation over a failed merger, finding Friday that a policy exclusion barred coverage for the underlying action.
A West Virginia federal judge on Monday dismissed a benefit plan’s Coal Industry Retiree Health Benefit Act suit against Consol Energy Inc., finding there was no damage when the company unilaterally changed its health plan.
The legal industry has shown some caution in rebuilding its pool of associates after the dramatic layoffs of thousands during the last recession. But have firms done enough to survive the next?
Century Surety Co. lost its bid in California federal court Friday to shake a $4.7 million jury verdict requiring the insurer to cover a settlement over allegedly defective mobile homes.
Duro Dyne Corp., a manufacturer of sheet metal equipment and accessories, filed for bankruptcy in New Jersey on Friday with lingering liabilities from asbestos exposure litigation dating back 30 years, saying it has exhausted various insurance policies.
The U.S. Securities and Exchange Commission on Monday told a Texas federal court that it should adopt a recommendation to levy a combined $7 million in civil penalties against an attorney and former CEO for bankrupt life settlement trader Life Partners Holdings Inc., arguing that the pair’s objections to the penalties were baseless.
Olin Corp. appears set to receive $120 million to settle its lengthy dispute with Lamorak Insurance Co. over the insurer's liability for costs tied to legacy environmental remediation at the chemical maker's sites across the U.S., according to a filing with the U.S. Securities and Exchange Commission.
The international insurance industry on Monday accused global regulators of hostility toward technological innovation and urged them not to stifle the market with excessive new regulations.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
It’s been almost 10 years since Lehman Brothers collapsed — kicking off a global recession and putting two Skadden partners on a path to building a firm that would weather the storm. Here's how upstarts and their larger rivals are positioning themselves for the next downturn.
A $100 million showdown over insurance coverage related to the Deepwater Horizon disaster and a $535 million fight over what constitutes a pipeline partnership are two of a handful of cases bubbling up to the Texas Supreme Court that have major stakes for the oil and gas industry. Here are seven oil and gas cases worth watching in the Lone Star State's highest court.
The last week has seen a software developer sue Citibank for breach of contract, a new filing between British Airways and its pension trustees, and a claim brought by African food distributors and major insurers Axa, Allianz Generali and Swiss Re against container shipping giant MSC. Here, Law360 looks at those and other new claims in the U.K.
Security National Insurance Co. Friday asked a Florida federal court to find it doesn't owe a law firm coverage for a client’s claim that a slow bankruptcy case filing cost it $6.4 million, saying the firm knew it was at risk for a malpractice suit when it got the policy and didn’t disclose it.
A Maine federal judge ruled Friday that Zurich American Insurance Co. must defend Electricity Maine LLC in a proposed class action alleging it overbilled customers by about $35 million, finding that the underlying suit could potentially expose the electricity supplier to liability for covered bodily injuries damages.
During the past year, I have been tossed headfirst into the murky water of autonomous vehicle contract drafting, where no well-tested forms exist and negotiating parties often do not know what terms to request. But what is required more than anything is just old-fashioned, common-sense business lawyering, says Jim Jordan of Munsch Hardt Kopf & Harr PC.
Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.
With memories of the Great Recession still fresh, fears that the auto loan securitization market is headed for a crash similar to the ill-fated residential mortgage backed securities market are on the rise. Albert Fowerbaugh and Julie Rodriguez Aldort of Butler Rubin Saltarelli & Boyd LLP consider the types of claims that various participants might assert if the market veers off course.
Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.
On July 24, a Ninth Circuit panel applied textualist reasoning in Young v. Hawaii to secure a right for individuals to carry firearms in public. To end the gun epidemic — demonstrated in Chicago recently with 74 people shot in one weekend — it’s past time to turn a spotlight on the root cause: legal carelessness and oversights of text, says Robert W. Ludwig of the American Enlightenment Project.
It had never occurred to me that judges don’t always love the way their appellate cousins review their work and tell them — in public — all the things they got wrong. I was frequently struck by Justice Ruth Bader Ginsburg’s acute awareness of the delicacy of this relationship, says attorney David Post.
If you began complying with the New York Department of Financial Services requirements last year, your cybersecurity program is already in place, which should streamline compliance for the next deadline. The controls required to be in place by Sept. 1, 2018, cover five areas, says Richard Naylor of Murphy & McGonigle PC.
President Donald Trump signed an executive order on Aug. 6 formally re-imposing certain sanctions with respect to Iran. Given the administration’s rapidly shifting approach to international trade and national security issues, businesses should plan for the worst — while continuing to advocate for a more pragmatic approach, say attorneys with Dechert LLP.
On July 30, Ohio Governor John Kasich took the unprecedented step of signing into law an amendment that specifically rejects the American Law Institute's Restatement of the Law, Liability Insurance. Red flags about the ALI's over-reaching have been waving for years, and the only question is what state will follow suit next, says Kim Marrkand of Mintz Levin Cohn Ferris Glovsky and Popeo PC.
As insureds and insurers continue to litigate over coverage for fraudulently induced monetary transfers, two recent decisions from the Second and Sixth Circuits have favored insureds. However, this sector of law is still developing and insureds should pay close attention to pending cases like Principle v. Ironshore in the Eleventh Circuit, say Jan Larson and Raymond Simmons of Jenner & Block LLP.