Italian insurance giant Generali SA has agreed to sell most of its German life insurance management business to private equity-backed Viridium Gruppe in a deal that could value the unit at as much as €1 billion ($1.17 billion), according to a Thursday statement.
What makes a law firm truly global? What does it take to handle the biggest and most complex cross-border matters? These firms know. Here, Law360 reveals its eighth annual ranking of the firms with the most international clout.
Setting up shop across the globe may seem impossible for smaller law firms, but it can be done — and it's not the only way to get business overseas. Here, Law360 looks at what firms should think about when deciding whether, and how, to go global.
With Britain less than a year from exiting the European Union, firms on Law360’s Global 20 have begun pushing deeper into the countries remaining in the bloc, adding offices and industry specialists in a shift that could rebalance how BigLaw works in the region.
Attorneys for former New York state Senate Majority Leader Dean Skelos and his son Adam on Tuesday went after a government witness who says he gave the younger Skelos a job in part to keep key state legislation to his insurance company viable, by questioning him over a state regulator’s finding that he engaged in misconduct at a medical malpractice insurer.
A slew of factual disputes remain in a class action accusing State Farm of secretly spending millions to get a judge elected to the Illinois Supreme Court and help overturn a $1.05 billion judgment against the company, a federal judge said Tuesday in an order denying the insurer and other defendants a win.
Chicago-based firm Tressler LLP has added four attorneys to its staff in four U.S. cities, augmenting its national presence in such specialty areas as insurance coverage disputes, hospital law and patent and copyright infringements, the firm has announced.
Jenner & Block LLP's insurance co-head Matthew Jacobs has left for Jones Day to pursue an opportunity at one of the country's “leading insurance recovery practices,” he told Law360 Tuesday.
An Ohio federal magistrate judge on Tuesday declined to grant a quick win to a putative class of retired members of the United Steelworkers union in their suit accusing Verso Corp. of breaking a promise to provide them life insurance benefits for life, but said the class could potentially try again later.
A Pennsylvania man filed suit Tuesday against The Standard Insurance Co. in Oregon, alleging that after he was forced to leave his job as chief marketing officer at Duane Morris LLP due to cognitive problems, the insurance company denied his claim for long-term disability benefits.
Construction contractor Quality Plus Services Inc. sued an AIG unit in Virginia federal court on Tuesday, claiming the insurer has wrongly denied the company’s request for coverage of $1.6 million in losses it suffered through email-based fraudulent transfer schemes carried out by crooks posing as a QPS employee.
A former attorney was sentenced to seven years in prison in New York federal court on Tuesday for bilking investors out of more than $3.4 million for what he claimed were investments backed by real estate and life insurance policies.
The NCAA has urged a New Jersey federal court to send back to state court a wrongful death suit against the sports association, a Massachusetts college and insurers from the parents of a football player who died after a workout, rejecting the school’s claims of diversity jurisdiction.
In its first complete term back at full strength since the death of Justice Antonin Scalia, the top U.S. court took on several cases that revealed deep divisions among its members. Here are the most stinging dissents.
Amy Coney Barrett has been sitting on the Seventh Circuit bench for only eight months, but she is rumored to be on President Donald Trump’s shortlist for potential picks to replace Justice Anthony Kennedy on the U.S. Supreme Court.
With the Supreme Court largely punting on deciding the issues at the center of some of its biggest cases this term, the justices turned to concurrences to fight for the future of the law.
A former Kilpatrick Townsend & Stockton LLP attorney sued Standard Insurance Company in New York federal court Monday for denying him long-term disability benefits after he was terminated and hospitalized after a manic episode, saying his bipolar disorder couldn’t be considered a preexisting condition because he’d never experienced symptoms before.
While the justices tend to join most often with colleagues whose philosophy they share, even politically charged cases can create groupings that defy easy categorization. Here are a few from the latest term.
From a raucous house party to the often-disappointing taste of wedding cake, the justices found plenty to laugh about in the latest term. Here are the top moments of legal levity.
Two YouDecide.com Inc. execs don’t have to endure a second lawsuit by a father-son duo who called one of them an “evil dwarf” after a bitter power struggle for control of the company, a Massachusetts federal court ruled Monday, saying the derivative suit was clearly brought in bad faith.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
At last month's U.S. Consumer Product Safety Commission hearing on connected devices and product safety, presenters raised issues ranging from health and privacy concerns to terrorism risks, insurance requirements and product standards. Stakeholders must closely monitor regulatory developments, but also prepare for possible action from Congress, say Heather Capell Bramble and Thomasina Poirot of Venable LLP.
Stakeholders within the aviation sector will be heavily affected by the reimposition of U.S. sanctions against Iran. With $49 billiion worth of contracts for new aircraft subject to cancellation, and related impacts expected on financiers, lessors and air carriers, the situation continues to evolve very quickly, say Daniel Martin and James Jordan of HFW.
The drafters of the Uniform Electronic Transactions Act had the foresight to create a model electronic signatures and records law that, 19 years later, readily accommodates blockchain-based transactions. Businesses should consider utilizing UETA compliance checklists before proceeding with blockchain transactions or smart contracts, says Brian Casey of Locke Lord LLP.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.
Many have compared the Litigation Funding Transparency Act — recently introduced in the Senate — to the established requirement that defendants disclose insurance coverage information. But the bill would result in costly discovery sideshows that unnecessarily burden claimants and courts, say Matthew Harrison and John Harabedian of Bentham IMF.
I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.
The California Supreme Court's decision in Liberty v. Ledesma strengthens insureds' rights to coverage under general liability policies and establishes that they are entitled to a defense where the injury alleged was unintended and unforeseen from the insured's perspective, say Tyler Gerking and David Hofmayer of Farella Braun & Martel LLP.
The Ninth Circuit recently revived an insurance coverage dispute between Office Depot and AIG, holding that coverage for alleged violations of the California False Claims Act is not categorically precluded by California law. Similarities between the CFCA and the federal False Claims Act raise potential for broad application of this decision, say Jan Larson and Sebastian Brady of Jenner & Block LLP.
Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.