Concessions from unsecured creditors and post-petition lenders helped rescue the troubled debtor-in-possession financing being sought by Philadelphia hospital operator Center City Healthcare LLC on Wednesday, providing additional cash for the debtor to pursue its Chapter 11 goals.
The Ninth Circuit recently sought the Arizona Supreme Court’s help to decide whether an AIG unit was justified in its refusal to cover the University of Phoenix's $13 million settlement of a class action, and attorneys say a ruling in the insurance company’s favor could give other carriers more leverage to challenge the reasonableness of policyholders’ deals.
An insurer and Lloyd’s underwriters have removed litigation seeking coverage for nearly $1.4 million in damage to a water-intake structure to Louisiana federal court, saying St. Bernard Parish’s claims stemming from ship accidents should be arbitrated.
The future of a Philadelphia children’s hospital was thrown into limbo Tuesday when a Delaware bankruptcy judge said he could not approve a $65 million post-petition loan as proposed, prompting the hospital’s operator to begin last-ditch efforts to reach a new deal with its lenders.
A Delaware judge on Monday sank most of the claims the owner of a Detroit skyscraper leveled against its insurer for allegedly not fixing a legal discrepancy that led to a failed agreement to sell the building, saying its claims of bad faith and demands for punitive damages are barred under Michigan law.
State Farm must face claims it violated its life insurance policy by calculating the cost of insurance using factors not listed in the policy, a California federal judge ruled Monday, finding the language in the policy is “ambiguous,” meaning the contract must be construed in favor of the insured.
Saudi Aramco has picked banks to assist on its planned $100 billion IPO, Cigna is looking to sell a group benefits insurance business that could be worth up to $6 billion, and a private equity firm is looking to usurp Mitel’s planned offer for California technology company Avaya.
The federal government is looking to collect the contents of an Allianz Life Insurance Co. annuity policy held by a New York attorney who pled guilty to money laundering and tax crimes as part of a scheme to steal about $11.8 million in estate assets from an elderly philanthropic couple.
A Pennsylvania federal judge ruled Monday that Liberty Mutual Fire Insurance Co. doesn't have to cover Admiral Insurance Co.'s portion of a $3.8 million settlement with a worker who was seriously injured in Philadelphia's Aramark tower, saying Admiral can't fault Liberty Mutual for an insured's misunderstanding of its policy.
A Massachusetts federal judge is protected by judicial immunity in a suit accusing him of misconduct and various criminal claims tied to his dismissing an employment suit against Liberty Mutual Group, according to a dismissal order filed Tuesday.
A Texas appellate court awarded private equity fund Prophet Equity $4.1 million from an insurer on Monday and reversed the insurer’s win in a dispute over whether it was required to pay to defend the fund in a fight with a former employee.
Planned Parenthood opted Monday to exit Title X after nearly 50 years of participating in the federal grant program, rather than come into compliance with the Trump administration's so-called gag rule, which prohibits health care providers from giving patients abortion referrals.
Blank Rome LLP continued the expansion of its insurance recovery practice Monday with the addition of a pair of industry heavyweights from leadership positions at Kilpatrick Townsend & Stockton LLP.
A Montana judge ruled Friday that National Indemnity Co. must pay the state nearly $98 million to cover its costs to defend and settle asbestos-related injury claims stemming from a mining operation that ran from the 1950s through the 1980s.
Miami-area firm Herssein Law Group told a state judge that Florida Bar rules forbid attorneys with Shutts & Bowen LLP and Day Pitney LLP from representing USAA and one of its executives in the law group's malicious prosecution suit, which also names the firms as defendants.
Attorneys for bankrupt hospital operator Center City Healthcare LLC said Monday in Delaware that the debtor has achieved a "case altering" milestone with a $55 million bid for its doctor training program assets, but said disputes over unpaid bills for services and leases could derail that progress.
Southern California residents and business owners who suffered property damage and losses as a result of the Woolsey Fire last year can pursue their negligence case against the Boeing Co. and Southern California Edison Co. in state court, a California federal judge ruled on Friday.
General Electric Co. on Monday again pushed back against allegations by well-known whistleblowers who accuse the conglomerate of a $38 billion accounting fraud executed in part by hiding losses from its insurance business, saying the state of its current reserves is sound.
Apollo Global is eyeing broadcasting company Tegna Inc., Centerbridge Partners is close to snapping up a large stake in health insurance technology company GoHealth, and Avaya Holdings Corp. is mulling an offer from Mitel Networks.
Advanced Physicians SC on Friday slammed Cigna's bid to sack its suit in Texas federal court that accuses the insurer of violating the Employee Retirement Income Security Act by denying retired NFL football players' claims, arguing its claims are viable and the players authorized the clinic to sue.
Two Germany-based insurers sued a shopping mall in the U.S. Virgin Islands on Friday, alleging it used a break-in at the mall before Hurricane Maria to improperly claim the building was more susceptible to damage once the storm hit.
John Hancock Life Insurance Co. (USA) improperly ended an agreement with its renewable energy investment manager in an attempt to take control of the process itself, according to a lawsuit filed Friday by Verto Management LLC in the Business Litigation Session of Boston's Suffolk Superior Court.
Travelers has named one of its in-house attorneys to oversee corporate responsibility efforts as the insurer’s first chief sustainability officer, keying in on an increasingly important metric for ethically minded investors.
A Minnesota judge properly denied a bid by four energy company executives to force their insurer to cover all the costs they incurred in litigation and arbitration involving a South Korean wind turbine manufacturer that included entities not covered under their policy, the Eighth Circuit ruled on Friday.
Two parents alleging their child was wrongly denied coverage for an autism treatment have asked a Washington federal judge to certify two classes in their suit against Blue Cross and Blue Shield of Illinois and Catholic Health Initiatives.
The New York Supreme Court's recent decision in Otsuka America v. Crum & Forster highlights the balancing act between comprehensive disclosures during product recall efforts and the use of those communications in subsequent insurance or personal injury lawsuits, say Syed Ahmad and Geoffrey Fehling of Hunton.
The Superior Court of Delaware's recent decision in Conduent v. AIG Specialty Insurance adds to the authority that government investigations satisfy the "claim" and "wrongful act" definitions in claims-made professional liability insurance policies, and is instructive as to how policyholders can strengthen their coverage, say Donovan Hicks and Brian Scarbrough of Jenner & Block.
As politics and cyberrisks become increasingly intertwined, policyholders and insurers alike would benefit from more certainty in relation to the cyber insurance war exclusion, and from more options in the market that would cover a cyberattack on the U.S. power grid, says Thomas Hunt of Robert M. Currey & Associates.
When crises occur, such as data security incidents or gender bias suits, a well-prepared law firm has a thoroughly tested communications plan at the ready, which ensures the firm is the most proactive news source, prevents the crisis from escalating and notifies stakeholders about mitigation efforts, says Zach Olsen at Infinite Global.
At attorney Greg Craig’s trial in D.C. federal court this week, the courtroom was cleared so prospective jurors could answer sensitive questions. Even seasoned litigators were left wondering about the nature of this subtle, yet significant, issue involving Sixth Amendment public trial rights, says Luke Cass at Quarles & Brady.
In Hill v. LW Buyer, the Delaware Chancery Court's opinion underscores the importance of including as much detail as possible in M&A parties' indemnification claims and submitting them in a timely manner to preserve their indemnification rights, says Sawyer Duncan at King & Spalding.
Depending on how the Pennsylvania Supreme Court decides Gregg v. Ameriprise Financial — a dispute over the culpability standard for the “catch-all” provision of Pennsylvania’s Unfair Trade Practices and Consumer Protection Law — consumer protection litigation in the state could change profoundly, says Karl Myers of Stradley Ronon.
With multiple states reopening the statute of limitations for survivors of childhood sexual abuse — New York's law took effect Wednesday — more insurance coverage disputes are sure to arise, and the overriding question in many of these disputes is how to quantify the number of occurrences, say attorneys at Blank Rome.
Recent months have seen a flurry of activity in Congress on prescription drug pricing and surprise medical bills, and additional developments are expected in September, including possible floor action, say attorneys at Akin Gump.
In the early 1980s, I was working on my Ph.D. in marine biology and ecology. As part of an international team of scientists studying oil spill impacts on marine ecosystems, I saw a niche opportunity to combine science and law, says Andrew Davis of Shipman & Goodwin.
Years of interviewing jurors and observing deliberation show that the amount juries award in damages is almost always influenced by the amount of the plaintiff's demand, but there are three ways defense counsel can combat this anchoring effect, says Christina Marinakis at Litigation Insights.
Traditionally, the role of the insurance industry has been to combine technology and reasonable regulation with risk transfer products, and the time has come for insurance to help integrate digital securities into society, says Ty Sagalow at Assurely.
With emergency room visits involving care from out-of-network providers sometimes resulting in balance bills reaching thousands of dollars, 32 states this year have taken legislative action, and those that have not are under increasing pressure to do so, says Korey Clark of State Net Capitol Journal.
When litigating sexual assault cases that result in settlement, plaintiffs attorneys should thoroughly investigate how the plaintiff's medical bills were paid, and proactively prepare for insurers' potential health care liens, says Courtney Delaney of Epiq.
Although there continue to be corporate clients who are seduced by the idea that cheapest is always best when it comes to outside counsel, there are many negative implications on service delivery that result from myopically focusing only on cost reduction at the expense of quality and innovation, says Keith Maziarek at Katten Muchin.