A Texas magistrate judge recommended Monday that a class action alleging that whole-life insurance seller Citizens Inc. artificially propped up its stock price through fraudulent sales practices be dismissed with prejudice, saying the plaintiffs cannot meet the high bar for pleading scienter.
A Tennessee appeals court on Monday tossed a suit blaming a transportation company’s faulty trailer axle for causing a trucker’s wife’s severe and permanent injuries, saying because the trucker’s insurance company took possession of the vehicle and scrapped it, the transportation company was deprived of a key piece of evidence.
In the burgeoning U.S. construction market, companies appear to be more focused on making deals and stacking steel than duking it out in court, but there are still several lawsuits worth paying attention to, attorneys say. Here, Law360 takes a look at three cases attorneys have their eyes on.
President Donald Trump intends to send more than $15 billion in spending cuts to Congress this week, the White House said Monday, pulling back on already authorized spending in health care, technology research and other areas.
The Eleventh Circuit on Monday affirmed that Travelers does not have to cover any of a professional dive leader’s costs to defend and settle a wrongful death action filed by the family of a man who drowned on a lobster diving trip, holding an exclusion in the insurer’s policy clearly bars coverage.
Comcast alerted the European Union's antitrust watchdog of its bid to buy Sky PLC, Carl Icahn sold his stake in insurance giant AIG, and NASCAR's majority owners are sussing out alternatives for the racing giant.
A Chubb Ltd. unit on Friday urged the Second Circuit to reject Madelaine Chocolate Novelties Inc.’s claim for $49 million in coverage for flooding caused by Superstorm Sandy, saying the company can’t use a wind damage deductibles clause to override a flood damage exclusion.
New York's top financial regulator on Monday said that Chubb Ltd. has agreed to pay a $1.3 million fine for underwriting policies for a National Rifle Association-branded insurance program called "Carry Guard" in violation of state law.
The Eleventh Circuit on Monday found that a Zurich Insurance Group AG unit does not owe an event planner coverage over an injury on an amusement ride that the event planner hadn't yet added to its policy.
A Liberty Mutual insurance unit on Monday launched a lawsuit in Texas federal court against a contractor for a municipal library construction project, saying it should not be required to pay up after the construction firm lost an arbitration proceeding over allegedly subpar work.
Gibson Dunn & Crutcher LLP announced Friday it has hired a real estate finance partner from Dechert LLP who has represented lenders, including banks and insurance companies, in various phases of loans secured by commercial real estate.
They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.
Travelers Property Casualty Co. and American Capital Ltd. are squaring off in the Fourth Circuit after a lower court ruled the insurer must pay $87 million to defend against tainted blood thinner lawsuits, with Travelers arguing the whole episode was never covered and American Capital seeking bad faith damages.
The last week has seen a commercial fraud claim against asset manager Shire Warwick Lewis, Italian insurers sue a shipper, and Denmark's tax authority take action against ED&F Man Capital Markets and more than five dozen other firms. Here, Law360 looks at those and other new claims in the U.K.
Five firms will guide initial public offerings projected to surpass $3.9 billion during the week of May 7, led by Axa Equitable Holdings Inc., the U.S. division of French insurance and asset management firm Axa SA, which could price the biggest U.S. IPO since 2014.
Excess insurer Landmark American Insurance Co. is not liable for any part of a $2.3 million judgment against Deerfield Construction Inc. in a lawsuit alleging the builder's employee caused a crash that injured another driver, an Illinois federal judge ruled Thursday, finding that Deerfield failed to provide prompt notice of the claim to Landmark.
Mylan Pharmaceuticals Inc. and a pair of chemical companies on Thursday settled with a Blue Cross Blue Shield affiliate, coming closer to ending their appeal of a $67 million verdict that found they fixed the price of anti-anxiety medications.
A former vice president for State Street Corp. was arrested Friday and charged in Massachusetts federal court with conspiring with another, already indicted former company executive to secretly pump up commissions, defrauding an insurance company out of $800,000.
An insurer is off the hook for charges that it unfairly dragged out its denial of coverage to a general contractor facing a workplace injury suit, after a New York appeals court affirmed that a federal law preempts the state law on which the claims hinged.
Allianz SE will immediately cease selling cover to power plants fired only by coal and coal mines, and plans to withdraw completely from insuring coal-based businesses by 2040, Europe’s largest insurer said Friday, as part of its effort to meet the demands of the Paris climate accord.
In a fully autonomous vehicle, a passenger's reaction to a traffic emergency is as irrelevant as her ethical calculations about potential injuries to herself and others. But if she agreed in advance to the safety protocols in the vehicle's programming, could she share liability in an accident? No one knows the answer yet, says Jim Jordan of Munsch Hardt Kopf & Harr PC.
An Indiana district court's recent decision in Emmis v. Illinois National illustrates the absurdity of broadly construing interrelated wrongful acts exclusions and reminds policyholders that they need not accept an insurer's broad application of policy exclusions that would result in nonsensical coverage determinations, say Karthik Reddy and Matthew Jacobs of Jenner & Block LLP.
Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say Leslie Corwin and Rachel Sims of Blank Rome LLP.
There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.
If a company facing a product recall has managed it effectively, the hardest part is probably over. But there are four key strategies companies should keep in mind to restore order and maintain brand loyalty following a recall, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.
The U.S. Department of Labor's fiduciary rule has been challenged in court by various organizations on grounds that the agency exceeded its authority in promulgating it. Those challenges culminated in a recent decision by the Fifth Circuit to vacate the rule in U.S. Chamber of Commerce v. DOL, say Robert Stone and Shannon Smith of Katten Muchin Rosenman LLP.
Maintaining consumer trust during a recall is key. When a company is transparent, consistent and responsive, it may maintain — and potentially surpass — prior levels of consumer satisfaction, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.
Any company — no matter how well-run — may experience a consumer product recall. Managing recall risk is as much about being ready to respond to recalls properly as it is about preventing them, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.
While many policyholders are still fighting insurance carriers to recover on Hurricane Harvey claims, it is important for policyholders to prepare for the next season of storms by reviewing their coverage and understanding the difference between “dwelling,” “contents,” “other structures,” and alternative living expenses, says Angelina Wike of Merlin Law Group PA.
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.