An insurer does not owe coverage in an antitrust suit accusing a pharmaceutical company of suppressing generic versions of the Parkinson's treatment Apokyn, a Maryland federal judge ruled, finding the dispute does not involve "securities claims" covered under the insurer's policy.
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TOP NEWS

Insurer Need Not Cover Parkinson's Drug Antitrust Dispute

By Gianna Ferrarin

An insurer does not owe coverage in an antitrust suit accusing a pharmaceutical company of suppressing generic versions of the Parkinson's treatment Apokyn, a Maryland federal judge ruled, finding the dispute does not involve "securities claims" covered under the insurer's policy.

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Atty Loses Coverage For Wife's Employer Trade Secret Suit

By Gianna Ferrarin

A professional liability insurer for a law firm owes no coverage for a suit against the firm's named partner alleging he coordinated with his wife to steal trade secrets from a corporate client where his wife served as an executive, a Georgia federal judge ruled Wednesday.

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AIG Snags $3.9M Contractor Arbitration Award From Surety

By Hope Patti

An AIG unit is entitled to $3.9 million of a contractor's attorney fee award in underlying arbitration over a bridge building project, an Indiana federal court ruled, rejecting a surety's contention that the insurer's right to the award is secondary to its perfected security interest or equitable subrogation rights.

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POLICY & REGULATION

FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot

By Jon Hill

Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.

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LITIGATION

Insurers, Brokers Can't Exit Medicare Advantage Steering Suit

By Julie Manganis

A Massachusetts federal judge on Wednesday largely rejected a bid by insurers and brokers to toss claims that they colluded in a kickback scheme to steer Medicare Advantage customers to certain companies and to push away disabled individuals.

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Detroit To Keep $4.2M Award Over Housing Fire Proceeds

By Melanie Dorsey

A Michigan appellate panel has affirmed a multi-million-dollar judgment won by the city of Detroit following a bench trial, holding that developers improperly kept millions in insurance proceeds after a fire destroyed a senior housing project.

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Liberty Mutual Can't Escape $1.6M Crash Suit, Court Says

By Hope Patti

A Liberty Mutual unit must face most of a Connecticut woman's claims that the insurer mishandled a car crash suit she filed against its policyholder that ultimately resulted in a nearly $1.6 million judgment, a Connecticut federal court ruled.

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LEGAL INDUSTRY

White & Case Staffer Sues Firm Over Nude Photo Ridicule

By Dorothy Atkins

A White & Case LLP staffer sued the law firm in New York state court Wednesday, alleging the firm's purported "hostile work environment" shielded his colleagues after they allegedly shared nude photos of him, which he claims were taken by his supervisor while he was unconscious at a firm-sponsored party.

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Akin Must Explain Client's 'Self-Indulgent' 9th Circ. Appeal

By Lauren Berg

Upholding a foreign arbitration award against a wine importer, the Ninth Circuit on Thursday ordered its attorneys at Akin Gump Strauss Hauer & Feld LLP to explain why they and their client shouldn't pay their opponent's attorney fees for bringing a "frivolous" and "self-indulgent" appeal.

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Troutman, Former Associate Fight Over Scope Of Bias Trial

By Emily Sawicki

Weeks ahead of an anticipated May trial over discrimination and retaliation claims brought by a former Troutman Pepper Hamilton Sanders LLP associate, the firm and its onetime employee are sparring over the scope of evidence that may be presented at trial.

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Maduro Judge Hints US Should Reconsider Legal Fee Refusal

By Pete Brush

A Manhattan federal judge suggested Thursday that the Trump administration should revisit its refusal to allow former Venezuelan President Nicolás Maduro to access his country's funds to pay for his defense against narco-terrorism and trafficking charges.

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Antitrust Leaders Say Lobbyists Don't Impact Outcomes

By Matthew Perlman

The leaders of the Federal Trade Commission and U.S. Department of Justice's Antitrust Division said Thursday that companies can lobby the agencies all they want, but enforcers will still make merger and conduct decisions based on the facts and the law.

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Bill To Give Admin More Control Over US Attys Advances

By Courtney Bublé

A Republican-led bill that would give the executive branch more authority over the installation of U.S. attorneys was advanced out of a House committee Thursday.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Akerman LLP

Akin Gump

Cowdery Murphy

Crowell & Moring

Eisenberg & Baum

Epstein Becker

Fisher & Phillips

Foley & Lardner

Frederick M. Lehrer Attorney at Law

Harris St. Laurent

Healy LLC

Kroger Gardis

Lavin Rindner

Litchfield Cavo

Littler Mendelson

McDermott Will & Schulte

Nelson Mullins

Nutter McClennen

Pacer Law Group

Parker & Sanchez

Proskauer Rose

Saxe Doernberger

Schenk & Bruetsch

Shaheen Jacobs

Simpson Thacher & Bartlett

Troutman

Werner Ahari

White & Case

Wigdor LLP

Williams & Connolly

COMPANIES IN TODAY'S NEWS

Aetna Inc.

American International Group Inc.

Elevance Health Inc.

FGS Global Inc.

FIGG Bridge Group

Great American Insurance Co.

Hewlett Packard Enterprise Co.

Humana Inc.

Investment Company Institute

Juniper Networks Inc.

Lexington Insurance Co.

Liberty Mutual Insurance Group

Live Nation Entertainment Inc.

Mariani Co.

Old Republic Insurance Co.

Supernus Pharmaceuticals Inc.

eHealth, Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Reserve System

Federal Trade Commission

Financial Stability Oversight Council

New York Supreme Court, New York County

Office of Foreign Assets Control

U.S. Attorney's Office

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the Northern District of Indiana

U.S. District Court for the Southern District of New York

U.S. Senate

U.S. Supreme Court

United Nations

United States District Court for the Southern District of Georgia