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.
The estate of a Christmas ornament magnate has asked the U.S. Tax Court to toss $68 million in taxes and penalties assessed by the Internal Revenue Service, saying the agency mischaracterized the sale of life insurance policies as a tax dodge.
Petrobras America fought back on Monday against offshore equipment manufacturer Vicinay Cadenas SA's bid to duck or stall a $400 million suit over an allegedly defective chain used to support a floating oil and gas facility, telling a Texas federal judge that contrary to claims, it's never gone back on its theory of what the case is about.
The Seventh Circuit was asked Tuesday to reverse two lower court orders preventing two junk fax suits from proceeding as class actions under the Telephone Consumer Protection Act, with counsel for the fax recipients saying their respective judges followed the wrong precedent in finding their claims are unique on the issue of consent.
Claims that AXA Equitable Life Insurance Co. reduced returns for annuity buyers were revived and returned to state court Tuesday after the Second Circuit found in a published opinion that AXA's misleading a regulator did not make the case a federal matter under the Securities Litigation Uniform Standards Act.
Cuban-American musicians Gloria and Emilio Estefan's Miami restaurant, Larios on the Beach, lost its coverage dispute with Great American Insurance Co. of New York on Tuesday, with a Florida federal court ruling the eatery mistimed its filing of a $2.4 million property damage claim.
The insurers of a Nashville mall on Monday asked Tennessee's highest court to affirm the toss of a $146 million award the mall owner previously won in a dispute over flood damage coverage, saying that regardless of the owner's claims, the policy was unambiguous and the intent behind the words is clear.
An Illinois federal court handed Allstate Insurance Co. a quick win Monday when it agreed to terminate a suit claiming the company wrongly refused to pay a man a share of his deceased wife’s life insurance benefit.
Mauritius has beaten a $1 billion treaty claim lodged by an investor who said the small island nation improperly seized and transferred his holdings in several insurance and banking companies to state-owned companies, after an arbitral tribunal determined that it lacked jurisdiction.
PetroSantander Inc. scored a major victory on Monday against insurer HDI Global in a coverage dispute over damages resulting from a saltwater spill, when a Kansas federal court found that HDI must show it was “actually prejudiced” by a late claim to deny coverage on that basis.
The Centers for Medicare & Medicaid Services on Monday finalized a new Affordable Care Act rule that will give states more freedom to set benefits, exempt more Americans from the law's individual mandate and let insurers spend less on medical services. Here are five highlights from the final rule.
A Delaware bankruptcy judge on Monday refused to allow Aspen Specialty Insurance Co. to resume its potential $110 million Pennsylvania lawsuit against bankrupt Patriot National Inc. and its affiliates, citing in part Patriot’s fast-approaching Chapter 11 plan confirmation hearing.
Democratic attorneys general from 16 states and the District of Columbia asked to intervene in a lawsuit aiming to put an end to the Affordable Care Act, telling a Texas federal judge Monday that their states stand to lose around $500 billion if the challenge to the law is successful.
A Pennsylvania appellate court on Monday overturned a $21 million verdict against Nationwide Mutual Insurance Co., suggesting that the trial court was biased and ruling that there was no evidence of bad faith from Nationwide in a 20-year dispute over an auto insurance claim.
A Pennsylvania federal judge on Friday gave final approval to an agreement that provided a class of retired Babcock & Wilcox Enterprises Inc. workers with company contributions to their health care, certifying a deal in a suit alleging the energy generator had broken the terms of a collective bargaining agreement.
The full Eleventh Circuit will rehear a panel decision reviving lawsuits by auto body shops that say State Farm and other insurers conspire to manipulate car repair costs, the panel announced Friday.
Fidelity National Title Group urged a California state appeals court Friday to toss a $1.2 million emotional distress verdict won by a former in-house attorney who alleged she was forced out for being pregnant, arguing that her emotional distress damages can’t survive because the jury didn’t find that Fidelity discriminated.
Homeowners in Florida, Puerto Rico and the U.S. Virgin Islands who suffered flood damage in recent hurricanes and filed suits against insurers backed by the National Flood Insurance Program have lodged a petition to have pretrial proceedings consolidated in the Southern District of Florida.
Willis Ltd. on Friday slammed a bid by hundreds of investors in the Stanford Ponzi scheme to reverse a $120 million deal settling claims that the broker fraudulently induced their investments, telling the Fifth Circuit that there is a good chance that continued litigation could result in no liability at all for Willis and no payday for investors.
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.
As the quantity and quality of corporate social responsibility disclosure increases, there is also movement toward greater comparability. Larger companies should benchmark their disclosures against global peers and evolving global standards, since over time, enhancements in foreign disclosure practices are likely to drive disclosures by many U.S. companies, say attorneys with Ropes & Gray LLP.
To many young attorneys, becoming an equity partner shows a firm's long-term commitment, meaning job security and a voice in important firm matters. However, the industry has changed and nowadays it may not be better to enter a new firm as an equity partner, says Jeffrey Liebster of Major Lindsey & Africa.
Increasingly, corporate social responsibility must be on the radar screen of in-house counsel. Investors are paying more attention to environmental, social and governance issues, and a growing number of shareholder proposals on these subjects should be expected, say attorneys with Ropes & Gray LLP.
In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise. What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.
While obtaining an assignment of an insured’s claim, instead of a post-loss assignment of benefits, is certainly appealing for a contractor, the consequences of engaging in such conduct in Texas significantly outweigh any purported benefits, says David Winter of Zelle LLP.
2018 may be the year that corporate social responsibility compliance becomes a core duty of in-house legal departments. Not only have legal requirements proliferated in recent years, but new disclosure requirements and more regulation are on the horizon, say attorneys with Ropes & Gray LLP.
For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.
In recent years, warranty and indemnity insurance has become a prevalent method of helping mergers and acquisitions counterparties close transactions by transferring warranty and liability away from the buyer and seller and onto the insurance market, say William Charnley and Ilan Kotkis of King & Spalding LLP.
Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.