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TOP NEWS
LITIGATION
Judge Asks If Execs 'Blindsided' Truist With Mass Exodus
By Hayley Fowler
A North Carolina business judge on Wednesday repeatedly returned to whether three former executives who led Truist's real estate finance arm ever revealed to the bank that they were in "secret" talks to join a competitor and bring dozens of their colleagues with them, signaling he'd let a jury decide if the mass exodus is to blame for the business's alleged losses.
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Underwriters Fight Early Win Bid For RealPage MDL Coverage
By Isaac Monterose
Certain Underwriters at Lloyd's, London is fighting a landlord's bid for an early win in its suit seeking coverage for multidistrict antitrust litigation against property management software company RealPage Inc. and multiple landlords, arguing that Certain Underwriters' cyber insurance policy for the landlord applies only to data breach claims.
Response attached |
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Dover Launches RICO Suit Over Skyrocketing Insulin Prices
By Lauraann Wood
Manufacturing conglomerate Dover Corp. hit insulin manufacturers including Eli Lilly and Novo Nordisk and several pharmacy benefit managers with civil racketeering claims in Illinois federal court, accusing them of participating in an illegal scheme that allowed prices to rise dramatically in exchange for preferential treatment on the benefit managers' formularies.
Complaint attached |
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POLICY & REGULATION
EXPERT ANALYSIS
LEGAL INDUSTRY
5th Circ. Revives Allstate's Fraud Suit Over Car Crash Billing
By Gina Kim
The Fifth Circuit on Wednesday revived Allstate's racketeering suit alleging doctors and personal injury lawyers unleashed a barrage of unnecessary treatments for car accident patients and caused Allstate to pay $4.7 million in claims, finding the insurer sufficiently pled details about the conspiracy and specifics surrounding each allegedly fake medical billing.
Opinion attached |
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Trump US Atty Pick In NM Bumped To First Assistant
By Emily Sawicki
A New Mexico federal judge has ruled the Trump-appointed interim U.S. Attorney for New Mexico is not validly serving in the role but declined to disqualify the prosecutor from a slate of cases pending in the district, instead determining the lawyer may continue to work in the federal prosecutor's office as first assistant.
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