Fla. Court Asked To Lift Freeze In $91M Fake Health Plans Suit

By David Minsky

Two siblings asked a Florida federal court Wednesday to lift an asset freeze in the Federal Trade Commission's lawsuit alleging they sold $91 million of fake health benefits on the Affordable Care Act exchange, arguing they need money to pay their attorneys. 

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Chubb Units Must Cover Environmental Contamination Claim

By Hope Patti

Two Chubb insurers must defend an upstate New York town against a state environmental department's claim concerning a regional airport's contamination by so-called forever chemicals unless and until they can establish the claim falls outside an exception to a pollution exclusion, the Second Circuit affirmed.

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4th Circ. Appears Unpersuaded By $22M Tax Fraud Appeal

By Hayley Fowler

Two attorneys and an insurance agent faced a Fourth Circuit panel Wednesday that seemed hard-pressed to overturn their convictions for orchestrating a $22 million tax avoidance scheme, with the judges casting doubt on their venue objections and claims that the false tax returns contained truthful information.

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Insurers Ask To Ignore Simplified Foreign Currency Rules

By Kevin Pinner

The insurance industry should be allowed to ignore regulations from 2024 covering how corporations determine taxable income with respect to affiliates that conduct business in a foreign currency, the American Council of Life Insurers told the U.S. Treasury in a letter released Wednesday.

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Fla. Couple Sentenced For Evading $37M In Payroll Taxes

By Asha Glover

An Orlando couple were sentenced to prison for participating in a $148 million construction payroll scheme and evading more than $37 million in payroll taxes, Florida federal prosecutors announced Wednesday.

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Lindberg Says He Owes 'Zero' Despite $1.6B Restitution Report

By Abigail Harrison

Beleaguered insurance mogul Greg Lindberg asked a North Carolina federal court to reject a special master's report recommending he pay $1.6 billion in restitution to companies he's accused of defrauding, arguing he should instead pay zilch.

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Ship Owner, Insurer To Pay $17M For Puerto Rico Reef Harm

By Danielle Ferguson

A German shipping company and a marine insurer will pay $17 million to end a dispute alleging they were liable for damage done to 7,000 square meters of coral reef off the coast of Puerto Rico when an oil tanker ran aground in 2006, according to a Puerto Rico federal judge's Tuesday order approving the agreement.

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NC Insurance Dept. Properly Revoked Appraiser's License

By Hope Patti

A North Carolina state appeals court on Wednesday affirmed the state Department of Insurance's revocation of the license of a motor vehicle damage appraiser, finding he violated ethical standards by disparaging other appraisers.

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AIG Says Homeowners Waived Bid For New Damages Trial

By Carolina Bolado

An AIG unit fought against a new trial this week in a dispute over the claims process for damage from Hurricane Irma to a $95 million oceanfront mansion, arguing that the homeowners failed to prove compensable damages at trial and waived their right to a new trial.

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Judge Won't Certify Minn. Fraud Question In Cancer Drug MDL

By Danielle Ferguson

A New Jersey federal judge won't ask the Supreme Court of Minnesota to weigh in on whether an insurer can pursue claims using a state law typically reserved for the attorney general in litigation alleging drugmaker Celgene used charitable donations to manipulate the price of cancer drugs.

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Prospect Medical Captive Insurer Files Ch. 15 In Texas

By Emily Lever

Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its Cayman winding-up proceedings that involve a $26 million payment to Prospect.

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Documenting Business Purpose After IRS' 10th Circ. Win

Following the Tenth Circuit’s recent Liberty Global v. U.S. decision, which held the economic substance doctrine does not require a threshold relevancy determination, taxpayers can prepare for potential audits by maintaining contemporaneous documentation and taking other steps that demonstrate the business purpose of transactions, say attorneys at Crowell & Moring.

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Feds Say Stolen BigLaw Deal Info Aided Huge Trading Scheme

By Chris Villani

Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.

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McDermott Is Cutting Its Associate Ranks

By Aebra Coe

McDermott Will & Schulte is downsizing its associate ranks less than a year after the firm was created via a combination of legacy firms McDermott Will & Emery and Schulte Roth & Zabel, the law firm confirmed Wednesday.

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Roberts Says High Court's Job Is To Make Unpopular Rulings

By Katie Buehler

Chief Justice John Roberts said Wednesday that the U.S. Supreme Court often must issue "unpopular" opinions, as the high court faces widespread backlash over its recent ruling limiting the Voting Rights Act's use in challenging racial discrimination in congressional redistricting.

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The Top Law Schools For Every Career Path: Class Of 2025

Where do law school graduates end up once they dive into the job market? Find out which schools came out on top for job placements in BigLaw, federal and state court clerkships, and other legal industry sectors.

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Atty Sanctioned Over Bogus Citations In Forced Labor Case

By Jake Maher

A Maine federal judge has sanctioned an attorney for submitting court filings with fake legal citations to oppose the dismissal of a forced labor trafficking suit against a school, after using an artificial intelligence platform.

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Feds Say 4th Circ. ICE Ruling Doesn't Help Ex-Wis. Judge

By Ryan Boysen

Former Wisconsin state judge Hannah C. Dugan can't use a recent Fourth Circuit ruling to overturn her conviction for obstructing ICE officers, the federal government said Wednesday, calling that ruling "merely relevant" and not at all binding.

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NC Man Pleads Guilty To Doxxing Justice's Home Address

By Bonnie Eslinger

A North Carolina man who posted the home address of a U.S. Supreme Court justice online and suggested violence against members of the high court pled guilty Wednesday to a "doxxing" charge with the intent to "threaten, intimidate, or incite a crime of violence" against the justice.

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Judge Won't Force Hunter Biden's Foreign Agent Registration

By Jack McLoone

A Washington, D.C., federal judge won't force the U.S. Department of Justice to register Hunter Biden as a foreign agent, dismissing a suit brought by a group founded by now-Deputy White House Chief of Staff Stephen Miller because it can't establish it suffered an injury.

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