A federal judge in Boston on Wednesday trimmed a False Claims Act lawsuit against Universal Health Services Inc. and ordered "full steam ahead" on the case that was bogged down in appellate disputes for years.
American billionaire John P. Calamos Sr. has hit a Dutch investment shop he reportedly co-founded with an Illinois state court suit seeking “immediate repayment” of $42 million in loans, potentially upending an $889 million deal between the onetime partners to purchase a Greek insurance company.
A California judge on Wednesday refused to preliminarily approve Uber's settlement that would provide drivers with occupational accident insurance in exchange for ending putative class claims that the ride-hailing company improperly denied them workers’ compensation, saying the contract terms between the drivers and the insurance company are unclear.
Wyndham is mulling a deal with Platinum Equity Partners, Goldman Sachs is close to a deal to buy personal finance startup Clarity Money, and Ping An’s venture capital arm wants to raise up to $1.3 billion with two funds.
Aetna and its settlement administrator hit each other with separate lawsuits in Pennsylvania and California federal courts, respectively, this week, demanding that the other take responsibility for mishandling policyholders' sensitive data in underlying litigation stemming from a settlement involving HIV medications.
A Bellevue Hospital building’s construction manager urged New York’s high court on Wednesday to ax a ruling that it’s not covered under a contractor’s policy with a Liberty Mutual unit for an underlying lawsuit over issues with the project, blaming the coverage denial on what it deemed poor grammar in a key policy provision.
Prosecutors on Wednesday added to a charge in a case against a former executive at State Street Corp., saying he duped a U.S. insurer into paying a hidden commission on fixed income trades just as he had overseas clients.
The Anchorage School District has scored a quick win against Starr Indemnity and Liability Co. that will unlock $10 million in excess coverage, after an Alaska federal court ruled Wednesday that another insurer’s direct payout to an injured student was enough to activate the Starr policy.
Evanston Insurance Co. must defend a New Jersey attorney against a state court lawsuit brought by Allstate accusing his firm and others of participating in a fraudulent personal injury protection claims scheme, because the allegations relate directly to his legal services, a federal judge ruled Wednesday.
The Seventh Circuit revived a proposed $5 million class action lawsuit against MetLife on Tuesday, ruling that a lower court was too quick to dismiss claims of deceptive practices and consumer fraud brought by a senior citizen whose insurance premiums went up at age 67 despite having purchased the company’s “Reduced Pay at 65” plan.
Yahoo batted back at insurer National Union on Tuesday in a California federal court fight over coverage for multiple class actions that accuse Yahoo of scanning customers' emails, saying it deserves coverage for the defense costs and ancillary sums it paid out in a settlement.
The Massachusetts Supreme Judicial Court on Tuesday considered giving pharmacists new legal obligations in the wake of a young woman's death from seizure complications while her epilepsy medication was caught in administrative limbo.
Apple and Cisco are teaming up with a pair of insurers to offer discounted cyber insurance policies for companies that submit to a risk assessment and use certain of the tech giants' products to help guard against threats such as ransomware and malware attacks, the companies said Monday.
MassMutual has breached its contracts with 300 term life insurance policyholders by refusing to pay them a total of $717,000 in dividends even as the company’s bank account swelled, counsel for a certified class of policyholders told a California jury during Tuesday opening statements.
A Chubb insurer told New York's highest court on Tuesday it shouldn't be required to pay a National Grid PLC unit's costs to clean up contamination at manufactured gas plants attributed to years when no pollution liability insurance was available in the marketplace, saying a ruling to the contrary would violate the clear terms of its policies.
Congress took a step toward avoiding a government shutdown this week, with a House vote Tuesday to keep the government open through mid-March and with top lawmakers saying a long-term spending deal was nigh.
The Sixth Circuit on Tuesday revived a lawyer's coverage suit against a malpractice carrier in connection with a real estate deal, saying the underlying claim brought against the lawyer was not “reasonably foreseeable” after he investigated and decided there would likely not be a claim against him.
Cigna and others cannot challenge an arbitral decision forcing them to attend a hearing in a dispute over a $25 million class settlement's distribution because the arbitration is still happening, a health care providers group told the Eleventh Circuit on Monday.
A former CIA general counsel is leaving Gibson Dunn after helping launch its national security practice group last year to join American International Group Inc. as general counsel of the company’s general insurance unit.
A drilling contractor on Monday asked a Texas federal court for $4.8 million in attorneys' fees and expenses from the owner of an offshore gas drilling platform after the court ruled the owner was required to cover the contractor’s costs in a dispute over liability for a fire that destroyed the rig.
On Tuesday, the Trump administration announced 12 new judicial nominations. We will soon discover whether these candidates learned from the mistakes of the three nominees forced to withdraw in December after bipartisan concerns arose over their qualifications, says Arun Rao, executive VP of Investigative Group International.
While technology is making certain aspects of e-discovery faster and easier, it is also creating new challenges as quickly as we can provide solutions. The good news is that there are concrete steps businesses can take to address those challenges, says Peter Ostrega of Consilio LLC.
The dichotomy between federal and state marijuana laws challenges courts to evaluate the validity of contracts, including insurance policies. While only a handful of such cases were litigated last year, insurers and marijuana businesses alike are anxious to see how courts will deal with certain claims expected to surface. Some of the latest case law comes from Arizona and Michigan, says Hernán Cipriotti of Zelle LLP.
Over the last year, the existential risk posed by cyberattacks and data security vulnerabilities has become one of the top concerns for boards of directors, management, government agencies and the public. 2017 was punctuated by a series of headline-grabbing breaches, fast-moving regulatory developments around the globe, and record-breaking settlements by companies, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
While 2017 was a relatively quiet year on the regulatory front for life settlements, Delaware and Florida adopted major legislative reforms that will affect the industry. Adjustments to the federal income tax code at the end of the year also brought some important changes, say Brian Casey and Thomas Sherman of Locke Lord LLP.
In the early days of the residential mortgage-backed securities and repurchase litigation that followed the 2008 crisis, plaintiffs’ strategy of proving their allegations through statistical sampling was highly successful. However, in recent years, a new trend has emerged, say attorneys with Buckley Sandler LLP.
Sureties have surety defenses which sometimes allow them to disclaim coverage under performance bonds. However, this often requires a long and lengthy litigation in which the surety must sustain multiple burdens of proof, says Gary Strong of Seiger Gfeller Laurie LLP.
Kidnap, ransom and extortion insurance policies are now under increased scrutiny by insureds seeking potential coverage for ransomware attacks. Determining whether or not these attacks constitute extortion will raise new questions and issues, say Jeffrey Weinstein and Bruce Kaliner of Mound Cotton Wollan & Grreengrass LLP.
In recent years, severe weather events and natural catastrophes have been on the rise in California and elsewhere. Some insurers are becoming more restrictive with their homeowners policies, leaving many without adequate insurance for natural disasters, says Edward Murphy of Foran Glennon Palandech Ponzi & Rudloff PC.
Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.