The family office of Chinese investor Cai Kui is reportedly close to a deal to buy a hotel portfolio from MassMutual for as much as $800 million, Bank of New York Mellon will reportedly sublet its space at Brookfield Place in New York, and Blackstone is said to have picked up a three-building complex in California for $42 million.
Great American Alliance Insurance Co. asked the Eighth Circuit on Wednesday to find it does not have to cover a 2014 zip line accident at a church camp at a Baptist conference center, saying the policy only provides coverage for the areas named in the lease signed by the camp organizer.
Key Safety Systems Inc., the prospective purchaser of bankrupt Takata Corp.’s assets, on Wednesday pushed the Sixth Circuit for a win in its coverage dispute with an AIG unit, saying the insurer is clearly obligated to pay its post-judgment interest.
A Florida state jury has found bad faith in Mercury Insurance Co. of Florida's dealings in the settlement of a car crash-related claim against its policyholder, which allegedly exposed the policyholder to an $8 million judgment that the victim then turned around and pursued Mercury for.
The New Jersey Appellate Division on Wednesday determined in a published decision that the expedited repeal of a small-employer health benefits rule constitutes a permissible action under state guidelines, backing a new requirement that insurance carriers must disclose their basis for determining allowable charges for out-of-network benefits.
Swiss insurer Starr International Co. Inc. won a $21 million tax fight Wednesday when a District of Columbia federal court declined to extend the government's two-year statute of limitations to claim an erroneously issued tax refund.
Insurance services company Patriot National Inc. on Tuesday filed for Chapter 11 protection in Delaware, blaming its financial woes on the loss of its biggest customer to receivership in Florida, with a strategy in hand to rework its balance sheet through a debt-for-equity swap with its lenders.
A Texas appellate court on Wednesday reversed a trial court's ruling granting an early win to Texas Mutual Insurance Co. in a dispute over reimbursements with an air ambulance company, holding that the Airline Deregulation Act of 1978 preempts state laws governing the price an air carrier can charge.
The CBS Corp. board is reportedly discussing a potential merger with Viacom Inc. on Thursday, Liberty Mutual is shopping around its private equity and real estate stakes, and Avast Software has tapped banks for its London initial public offering.
A Florida federal judge on Tuesday denied summary judgment to both an insurer and a private security company in litigation over indemnity for two violent incidents outside of an Orlando venue that resulted in injuries to one patron and the death of another.
A struggling Massachusetts health insurer failed to show that the Affordable Care Act’s risk-adjustment program is unreasonable, a federal judge said Tuesday, finding that the federal government considered enough alternative options on its way to developing the program.
The Third Circuit ruled Monday that a flood insurer's rejection of a homeowner's proof of loss counted as a “denial of the claim” for statute-of-limitations purposes, indicating that the very act of filing the suit can shorten the time available to do so.
A Florida federal court gave Geico a quick win Tuesday in a suit alleging the insurer refused to accommodate a call supervisor with intermittent vertigo, rejecting the employee's argument she should have been allowed to work from home.
Amazon, Berkshire Hathaway and JPMorgan Chase are planning to form an independent health care company that would initially serve their U.S. employees but could eventually become available to all Americans, the three companies said in a joint statement on Tuesday.
A Tennessee court of appeals has stripped Simon Property Group of $150 million in flood insurance coverage for a mall in Nashville, snatching victory from the real estate investment trust by finding that a $50 million cap applies, instead of the $200 million cap a trial court had settled on.
An oil and gas safety services provider and its insurance company filed suit in New York federal court Monday against another insurance company they claim failed to defend the safety consultant against $5 million in litigation over a Texas refinery fire.
Cooley LLP has recruited the former head of Morrison & Foerster LLP’s San Diego litigation department, who also chaired the firm’s unmanned aircraft systems/drones group and airports and aviation practice, to join the firm’s San Diego office as a litigation partner, it was announced on Monday.
Reinsurance firm Scottish Holdings Inc. filed for Chapter 11 protection late Sunday in Delaware with a plan to sell its equity free and clear of more than $30 million in interest liabilities the company says it won't be able to pay.
A Massachusetts federal judge on Monday refused to let a Christian college and an anti-abortion group intervene in the commonwealth’s suit against Trump administration rules that dialed back the Affordable Care Act’s contraception mandate by allowing employers to claim religious or moral objections.
John Crane Inc. wants another shot at unlocking hundreds of millions in excess insurance coverage to cover tens of thousands of asbestos suits, telling an Illinois state appeals court that a lower court erred when it found the manufacturer failed to show that its primary coverage has been exhausted.
Over the last year, there were some interesting cases in the indirect purchaser class action arena, with district courts addressing pleading motions, class certification in “pay-for-delay” drug cases, and class certification of nationwide and multistate class claims based on California’s state antitrust law, say Chris Micheletti and Christina Tabacco of Zelle LLP.
The recently signed tax reform law will affect nearly every aspect of the American economy, and includes several changes to employee benefits and compensation arrangements. Employers must thoroughly review the law's updates to the tax treatment of stock options, compensation of top executives, retirement plan loans, IRA conversions and other activities, say attorneys with Akerman LLP.
Several significant decisions in 2017 by the Illinois Appellate Court and one federal district court should prove influential in shaping Illinois coverage jurisprudence, and set the stage for the state's Supreme Court to render key decisions in 2018 if it so chooses, say Jonathan Schwartz and Colin Willmott of Goldberg Segalla LLP.
Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.
As the 115th Congress enters its second session, it's expected that health care policy will remain at the forefront. Pari Mody and Kristine Blackwood of Arnold & Porter Kaye Scholer LLP discuss the top five health care policy issues to track this year.
Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.
John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.
After passage of tax reform legislation, the GOP passed another temporary funding bill to avert a government shutdown before the holidays. As a result, congressional leaders again put off a resolution of a major fiscal debate over the budget, along with partisan disputes over immigration, health care and national security, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.
After much hand-wringing in 2017 about whether Foreign Corrupt Practices Act enforcement would diminish radically under President Donald Trump, it’s now safe to say that all signs point toward continued and vigorous enforcement, say attorneys with Foley & Lardner LLP.
What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles from Law360 guest authors.