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TOP NEWS
Lindberg Carriers Urge NC Panel To Affirm $467M Judgment
By Jennifer Mandato
Several insurance companies asked a North Carolina state appeals court to affirm a $467 million fraud damages award granted by a trial court against convicted insurance magnate Greg Lindberg and his private investment firm Global Growth Holdings, maintaining that Lindberg recycled "already rejected" arguments regarding the insurers' recovery.
2 documents attached |
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Brighthouse Strikes $9.25M Deal In Life Policy Rate Suit
By Danielle Ferguson
A proposed class on Wednesday asked a New York federal court to preliminarily approve a $9.25 million settlement to resolve allegations that Brighthouse Life Insurance breached contracts by failing to lower cost of insurance rates despite improvements in mortality data on which the insurer purportedly relied to determine costs.
Memorandum attached |
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RISING STARS
POLICY & REGULATION
LITIGATION
USOPC Says Insurer Owes Defense For Sexual Abuse Suit
By Zach Dupont
The United States Olympic & Paralympic Committee told a Colorado federal judge Thursday that its insurer is attempting to avoid coverage for a sexual assault lawsuit between two Paralympic swimmers, saying the insurer is violating its policy's requirement to defend the USOPC from sexual assault allegations involving an employee.
Complaint attached |
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EXPERT ANALYSIS
How Copa América Reshaped Crowd Security Risk Planning
Two years after crowds overwhelmed security at the Copa América Final in Florida, the host stadium's updated practices demonstrate a reassessment of the standard of reasonable care for large events, illustrating broader principles that attorneys, venue operators, municipalities, insurers and security professionals should consider, says Joshua Padron at Padron & Lopez-Trigo.
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LEGAL INDUSTRY
Analysis
Can Texas, Nevada Replicate Delaware's Corporate Edge?
By Jarek Rutz
Texas and Nevada have spent the past few years rewriting corporate laws and building specialized business courts in an effort to challenge Delaware's long-standing dominance as the preferred home for U.S. companies. While a handful of high-profile corporations have already made the move, corporate law experts say creating another Delaware will require far more than new statutes and judges.
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Law360's Legal Lions Of The Week
By Kevin Penton
Baker Botts LLP and King & Spalding LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit enforced an over $2 billion arbitral award issued to a satellite communications company, ruling that the legal concept of an optimal venue for a case doesn't apply in matters concerning the enforcement of international arbitral awards.
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