A Philadelphia-based financial adviser has slapped Eckert Seamans Cherin & Mellott LLC with a lawsuit alleging that a firm attorney's "amateurish" due diligence left him open to claims from securities regulators and investors after he partnered with a cash advance business that has come to face allegations of fraud.
Aspen Specialty Insurance Co. has urged the Eleventh Circuit to uphold a trial court's ruling that Rooms To Go is not entitled to coverage for its pandemic-related losses, asserting that the lower court properly applied Florida law in throwing out the case.
A New Jersey federal judge has refused to toss criminal charges that the onetime head of the now-defunct First State Bank took part in creating sham documents as part of an alleged scheme to deceive regulators and the bank about its financial health, finding that the records fell under a federal fraud statute.
Citing "significant trading volatility" in its sector, the parent company of mortgage insurance business Enact Holdings said Thursday it was postponing the unit's $496 million initial public offering.
A couple injured in a zip line accident during a Royal Caribbean Cruises Ltd. shore excursion told the Eleventh Circuit Thursday that they should have been allowed to intervene in a suit between the zip line company and its insurer AIG over whether the dispute should have been arbitrated.
A group of Society Insurance Co. policyholders urged an Illinois federal judge Wednesday not to let their insurer cite a limited bellwether ruling to pursue dismissal of all civil authority and contamination claims in multidistrict litigation over its COVID-19 coverage refusals.
The South Carolina Supreme Court said Wednesday a Travelers unit correctly depreciated labor costs for property repair when calculating the cash payment amounts for its policyholders' home damages, answering a certified question from a South Carolina federal court.
The Continental Casualty Co. won't have to pay a Texas hospital for pandemic losses after a federal judge found that the hospital didn't suffer the kind of physical loss or damage required for coverage under its policy.
Ralph Lauren Corp. isn't entitled to coverage for pandemic-related losses under its $700 million property insurance policy with Factory Mutual Insurance Co., a New Jersey federal judge ruled Wednesday, finding that the fashion giant hadn't specifically alleged physical loss or damage to its properties.
Insurance giant Geico was hit with a proposed collective and class action in Pennsylvania federal court Wednesday by a longtime employee who claims she and other regional claims adjusters are routinely overworked and underpaid.
A Missouri federal judge tossed a taco restaurant chain's COVID-19 business interruption suit on Tuesday, saying government shutdown orders to curb the pandemic didn't cause a physical loss or damage triggering coverage with the Cincinnati Insurance Co.
The U.S. Equal Employment Opportunity Commission said Wednesday that a life insurance firm has struck a deal to end an agency lawsuit claiming the company denied promotions to a worker because of her pregnancy and fired her when she complained, resolving the case ahead of a planned June trial.
A California federal judge has granted LA Fitness' bid to stay a U.K. insurer's suit seeking to avoid covering its pandemic losses, saying further proceedings are unnecessary when a Washington state court is looking at the same issue in the gym chain's consolidated $950 million coverage action.
An owner of Best Western, Hilton, Holiday Inn and Marriott franchises urged the Eighth Circuit to revive its coronavirus business interruption suit, arguing the government closure orders caused physical loss and damage covered by Continental Casualty Co.
Employer attempts to use a 2020 U.S. Supreme Court ruling that limited litigation over pensions to also knock out 401(k) class actions have largely fallen flat, yet they are starting to see success in an unexpected context: suits over health plan management.
Aon PLC cleared the path for regulatory approval in Europe of its $30 billion merger with Willis Towers Watson on Wednesday, proposing the sale of a key business unit to insurance rival Arthur J. Gallagher & Co. for $3.57 billion.
Hartford Fire Insurance Co. is suing medical supplier Medline Industries in Illinois federal court, arguing that it doesn't need to defend a putative class action alleging the supplier released a toxic chemical into the air in two cities north of Chicago.
U.S. senators on Tuesday approved the confirmation of Andrea Palm to serve as deputy secretary for the U.S. Department of Health and Human Services.
A Las Vegas casino and two California restaurants have urged the Ninth Circuit to revive their COVID-19 business interruption lawsuits against AIG and Travelers, arguing that government shutdown orders in response to the pandemic caused property damage covered by their policies.
A Louisiana restaurant and catering group can send its COVID-19 business interruption suit against its insurer back to state court, a federal judge has ruled, saying the group has sufficiently shown it may recover damages against the local agency for wrongful conduct.
Bankrupt talc miner Cyprus Mines will be able to depose two candidates proposed by the debtor's past insurers to represent the interests of future injury claimants after a Delaware judge approved a discovery timeline Monday related to competing motions to appoint such a representative.
Estee Lauder has told an Illinois state court that Zurich American Insurance Co. owes coverage for more than 50 underlying lawsuits pending in various courts, saying the insurer initially acknowledged its duty to defend the cosmetics giant but abruptly halted full coverage two years ago.
A gym chain owner can't tap into coverage from a unit of The Hartford to pay for a settled proposed class suit alleging the gym misrepresented the terms of member contracts, the Sixth Circuit affirmed Tuesday, saying the policy excluded claims for contractual liability.
A Pittsburgh convenience store chain argued to a Pennsylvania state court Tuesday that a pair of proposed class actions' claims it had been negligent in hiring a towing company were an "accident" triggering coverage under its insurance policy.
An Illinois federal judge has given the green light to a hair salon's effort to get pandemic-related loss coverage from its insurer, saying that West Bend Mutual Insurance Co. could not demonstrate that the COVID-19 virus never entered the salon's property.
A recently introduced New York bill proposes a statutory cause of action for insurance company bad faith when legal remedies already exist, which may dangerously upset the balance between insurers and policyholders, say attorneys at Hurwitz & Fine.
A Massachusetts federal judge’s recent rebuke of the state Attorney General’s Office for refusing to respond to discovery requests in Alliance for Automotive Innovation v. Healey highlights six important considerations for attorneys who want to avoid the dreaded benchslap, say Alison Eggers and Dallin Wilson at Seyfarth.
The recent blockage of the Suez Canal by the cargo ship Ever Given illustrates that manufacturers, carriers and recipients of internationally shipped goods should consider all the insurance offerings available to cover losses resulting from shipping delays, say David Klein and Ryan Vanderford at Pillsbury.
Following the D.C. Circuit’s recent notice discouraging use of the font Garamond in legal briefs, Jason Steed at Kilpatrick looks at typeface requirements and preferences in appellate courts across the country, and how practitioners can score a few extra brief-writing points with typography.
As the legal industry continues to change in the post-pandemic world, law firms should adapt to client demands by constantly measuring and managing the profitability of their services, says Joseph Altonji at LawVision.
The COVID-19 pandemic, an aging population and changing workplace dynamics all foretell more exposure to indoor air pollutants, so a multidisciplinary policy approach combining technology, insurance, funding and regulation will be needed to improve indoor air quality and health, says Ann Al-Bahish at Haynes and Boone.
As companies face a shift in the directors and officers insurance market following a spate of recent shareholder suits over lack of diversity in corporate leadership, executive teams should review D&O policy coverage while implementing diversity initiatives that will effect meaningful, long-term change, say Natasha Romagnoli and Hannah Ahn at Blank Rome.
Following the issuance of fully subsidized COBRA premiums for certain workers under the recently passed American Rescue Plan Act, employers should take steps to determine who is eligible, ensure additional notice requirements are satisfied, and train human resources on communicating with qualified individuals, say Randi May and Dustin Grant at Hoguet Newman.
Recent rulings shed light on how courts and international arbitration tribunals decide if litigation funding materials are discoverable and reaffirm best practices that attorneys should follow when communicating with funders, say Justin Maleson at Longford Capital and Michele Slachetka and Christian Plummer at Jenner & Block.
Dustin Stamper at Grant Thornton provides insight into President Joe Biden's recently proposed individual tax increases to pay for his American Families Plan, and explains how competing interests among congressional Democrats and Republicans may shape the final provisions and prolong their implementation.
A recent shareholder stock drop lawsuit against Tesla showcases the legal perils that can follow companies' social media missteps, and highlights the importance of directors and officers liability insurance in the current age of political polarization, says Tae Andrews at Miller Friel.
Resolution of the legal uncertainty presented by the dueling federal and state approaches to cannabis will pave the way for legal cannabis businesses to access the insurance protections the industry needs for everything from workers' compensation to auto insurance to general liability, says Christy Thiems at the American Property Casualty Insurance Association.
This year's law graduates and other young attorneys must recognize that the practice of law tests and rewards different skills and characteristics than law school, and that what makes a lawyer valuable changes over time, says Vernon Winters, retired partner at Sidley.
To successfully meet the Biden administration's climate-related goals, the federal government must fill gaps in state regulation of environmental insurance, and help create an insurance framework that incentivizes and facilitates carbon impact reduction in four key areas, say Michael Hill and Paul Tetenbaum at Blue Dot Climate Insurance.
Effective May 1, a seemingly innocuous amendment by Florida's Republican-appointed Supreme Court, aligning the state summary judgment standard with that of federal courts, should make state courts much more hospitable to defendant insurers, says Charles Lemley at Wiley.