Cooper Industries LLC can tap into a slew of liability policies to cover a U.S. Environmental Protection action over the cleanup of a New Jersey Superfund site because it received a valid transfer of a corporate predecessor's insurance rights, a state appeals panel affirmed on Friday.
Wells Fargo & Co. could be fined as much as $1 billion by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency to end investigations about questionable charges within its auto lending and mortgage units, the bank said on Friday.
Schiff Hardin LLP on Thursday asked the Fifth Circuit to end a suit by Ironshore Europe DAC claiming the law firm's bad advice about a product liability trial cost it $34 million, saying it has immunity under Texas law.
A Second Circuit panel on Thursday revived a putative class action against several insurance companies accused of offering illegal insurance, finding that a New York federal judge conflated the requirement for injury in fact with the underlying validity of the putative class’ argument.
A top Sompo International executive has accused his former employer Chubb of illegally withholding $600,000 in deferred stock compensation while the parties are embroiled in litigation over whether he stole Chubb's trade secrets and helped poach key employees.
A Ruben Cos. venture has reportedly landed a $205 million loan from MetLife for a New York property, Miller Oil's Augustus Miller is said to have dropped $9.5 million on a Florida medical office center, and a Walton Street venture is reportedly buying an Illinois office complex for $125 million.
Benesch Friedlander Coplan & Aronoff has brought on an experienced attorney from Vedder Price PC to handle a variety of employee benefit and compensation matters as a partner in its expanding Chicago office.
A New York appeals panel on Thursday affirmed that Selective Insurance Co. of America doesn't have to cover an Albany hotel's costs to repair water damage from Hurricane Irene, agreeing with a lower court that an exclusion in the hotel's policy for gradual wear and tear applies to bar coverage.
A pharmaceutical executive urged the Third Circuit on Wednesday to revive his suit alleging Allergan Inc. and other companies shorted the federal government on drug rebate payments, arguing that the drugmakers understated the product prices on which the amount they owed was based.
An insurance broker and its executives launched a lawsuit in Texas federal court Tuesday accusing a pair of liability insurers of wrongfully refusing to defend them against claims that the broker interfered with another insurance company's ability to sell policies.
A climate change conference in Miami was a mixture of optimism and dread on Wednesday, as experts in the science, insurance and development communities presented sobering figures about sea level rise estimates and discussed how South Florida can build resilient communities to adapt to increased flooding.
Former Dewey & LeBoeuf chief operating officer Dennis D’Alessandro on Wednesday entered into an agreed judgement to end claims that he helped mislead Aviva Life and Annuity Co.about the firm’s finances when Aviva bought $35 million in secured notes in 2010.
A California federal judge said Wednesday that he will preliminarily approve Hartford Casualty Insurance Co.’s settlement with a certified class of more than 19,500 Golden State property owners, under which they will receive cash payments to resolve claims that the company illegally depreciated their properties and miscalculated sales tax.
Lathrop Gage LLP has added an insurance recovery and counseling partner from Latham & Watkins LLP to its Los Angeles office, the firm announced Tuesday.
An insurer urged the Ninth Circuit on Wednesday to affirm a ruling that it doesn't have to cover an NBCUniversal production unit’s cost to move filming of a TV series away from Jerusalem amid a 2014 armed conflict between Israel and Hamas, arguing that an exclusion for war-related losses clearly applies.
A New Jersey federal judge on Tuesday denied Evanston Insurance Co.'s request to appeal a court ruling that requires the insurer to defend Perth Amboy attorney Karim Arzadi and his firm against allegations of fraud brought by Allstate in a state court lawsuit.
Representations and warranties insurance has blossomed into a common element of corporate transactions in recent years, propelled by more awareness of its benefits and an increasingly competitive market generating better terms, experts in the field say.
Hercules Offshore Inc. must indemnify a subcontractor for about $5.5 million in attorneys’ fees and expenses incurred in litigation stemming from a Louisiana offshore rig blowout, but Hercules itself is entitled to recoup those costs from an oil production company, a Texas federal judge ruled Tuesday.
USA Gymnastics has filed suit against seven insurers over coverage for “at least nine” lawsuits concerning its role in the scandal in which sports doctor Larry Nassar abused numerous athletes.
A panel of Third Circuit judges on Tuesday turned away Prudential Insurance Co. of America’s bid for review of a lower court's decision to certify a subclass in an Employee Retirement Income Security Act suit over life insurance payouts.
In Reese v. Anthem, a Louisiana federal court recently dismissed a putative class action alleging violations of the Telephone Consumer Protection Act. The decision is worth noting because the court’s analysis provides some useful judicial gloss on the issues of TCPA consent and the distinction between commercial and informational communications, says Eric Berman of Venable LLP.
The U.S. Department of Labor's revisions to its Employee Retirement Income Security Act raise questions about how courts will interpret them. Insurers looking for clues as to how the plaintiffs' bar will used the regulations moving forward should look to the comments submitted by the bar, say Caitlin Strauss and Albert Moran of Saul Ewing Arnstein & Lehr LLP.
Although the lack of racial and gender diversity among the ranks of the majority of both midsized and top law firms is a major issue, it’s past time to shed light on the real problem — inclusion, or lack thereof, says Marlen Whitley of Reed Smith LLP.
Credit unions have seen a wave of litigation claiming their websites are inaccessible to blind or low-vision plaintiffs, allegedly in violation of the Americans with Disabilities Act. While two credit unions recently succeeded in defending against such claims, it does not appear they are going away anytime soon, says Nancy Rigby of Weinberg Wheeler Hudgins Gunn & Dial LLC.
The current draft of the American Law Institute's Restatement of the Law on Liability Insurance contains a proposed rule on allocation that neither reflects the law as it presently stands nor reflects the flexibility and capacity for development and growth of the common law, say David Cox and Gerald Konkel of Morgan Lewis & Bockius LLP.
Despite the Trump administration's desire to shut down the Legal Services Corp., thankfully the budget that Congress passed and the president signed into law last week has restored $410 million of funding to the legal aid organization. An unlikely brief for preserving LSC may be found in the quirky Denzel Washington film "Roman J. Israel, Esq.," says Kevin Curnin, immediate past president of the Association of Pro Bono Counsel.
Over the last few years, there has been a significant increase in litigation and investigations related to corporate social responsibility issues. Activity has increased not only in the United States at the federal, state and local level, but also in several other countries. Proceedings and investigations have involved many different statutes and theories of liability, say attorneys with Ropes & Gray LLP.
As recently demonstrated by a Georgia federal court's decision in Polk Medical Center v. Blue Cross & Blue Shield of Georgia, identifying Employee Retirement Income Security Act claims up front not only avoids unnecessary motions practice, but provides all involved parties a solid starting point for settlement discussions, says Larisa Vaysman of Squire Patton Boggs LLP.
On March 27, the New York Court of Appeals issued a unanimous decision in KeySpan v. Munich, rejecting the so-called "unavailability of insurance" exception. This ruling sends a strong message that policyholders cannot hoist upon insurers responsibility for damage taking place outside policy periods, says Scott Seaman of Hinshaw & Culbertson LLP.
In order to enable lawyers to best meet cybersecurity challenges, state bars should pass rules that adopt a cybersecurity framework to be developed by a national committee, says Shaun Jamison, associate dean of faculty and professor at Purdue University's Concord Law School.