An international tribunal has ordered Venezuela to pay Liberty Mutual more than $1.5 billion over currency controls imposed by the country that ultimately prompted the insurer to sell its Venezuelan subsidiary — once the country's largest insurer — for $2 million.
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TOP NEWS

Liberty Mutual Wins $1.5B Award Over Venezuela Forex Curbs

By Caroline Simson

An international tribunal has ordered Venezuela to pay Liberty Mutual more than $1.5 billion over currency controls imposed by the country that ultimately prompted the insurer to sell its Venezuelan subsidiary — once the country's largest insurer — for $2 million.

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Telecom Co. Denied Coverage For $27M 'Bump-Up' Settlement

By Danielle Ferguson

Insurers do not owe coverage to a telecom company for a $27 million settlement with shareholders who said they were shorted in an acquisition, the Delaware Superior Court said, finding the settlement was a "bump-up" in shareholder consideration that was excluded under the company's directors and officers coverage.

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Analysis

LDS Church's 10th Circ. Win Widens Insurance Ruling Splits

By Abraham Gross

The Tenth Circuit revived a Church of Jesus Christ of Latter-day Saints' bid for coverage for a suit over sexual abuse by a church member. The decision widens a jurisdictional split over interpreting crucial policy language.

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NJ Justices Say Employee UIM Needn't Match Liability Cap

By Danielle Ferguson

In answering two certified questions from the Third Circuit, the New Jersey Supreme Court on Thursday said a worker injured while driving a company vehicle is not entitled to his employer's full general liability limit under a state law that requires employers to give workers the same underinsured motorist coverage. 

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LITIGATION

Analysis

The Dramatic Moments Set To Shape Tom Goldstein's Appeal

By Jeff Overley and Jared Foretek

Prurient revelations, brash recriminations and purportedly glaring judicial errors in Tom Goldstein's criminal case have captivated the appellate bar for nearly 19 months, and many of those moments will be center stage in the star attorney's imminent appeal.

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Cigna Wins Dismissal Of Pa. In-Network Pharmacy Suit

By Kellie Mejdrich

A Pennsylvania federal judge on Thursday dismissed a suit against Cigna, Evernorth and Express Scripts from Pennsylvania pharmacy customers who alleged injury because the companies designated their community pharmacy as out-of-network, holding state-law claims were preempted by federal benefits law but allowing another chance at re-pleading.

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Union Pacific Appeal Revives Environmental Insurance Claims

By Ben Adlin

A Washington appeals panel Thursday revived Union Pacific Railroad Co.'s insurance claims around environmental liability at four sites in Washington and Oregon, ruling that the locations fell outside the scope of the railroad's decades-old settlement agreements with U.S. Fire Insurance Co.

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PEOPLE

Fox Rothschild Adds Dickinson Wright Atty In Miami

By Christine DeRosa

Fox Rothschild LLP has grown its Miami office with the addition of an experienced construction attorney from Dickinson Wright PLLC.

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EXPERT ANALYSIS

Series

Being A Sommelier Makes Me A Better Lawyer

Being a sommelier has quietly shaped how I practice law by changing the way I think, communicate and connect with people, and offers a constant reminder that expertise is about making your knowledge useful and accessible to others, says Kara Du at Sheppard.

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LEGAL INDUSTRY

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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No Simpson Thacher Malpractice In PIPE Case, Jury Finds

By Madison Arnold

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

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Dems Slam Skadden's 'Nothing To See Here' Trump Deal Reply

By Hailey Konnath

Three Democratic lawmakers on Thursday criticized Skadden Arps Slate Meagher & Flom LLP's response to their request that the firm disclose details of its pro bono arrangement with the Trump administration, saying the firm's "three sentence letter essentially saying 'nothing to see here'" is "not going to cut it."

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New ABA Chief Seeks To 'Streamline' Org., Defend Democracy

By Emily Sawicki

The American Bar Association's new president, Barbara J. Howard, will focus on twin goals of defending democracy against expected unprecedented attacks associated with this year's midterm elections, while also reorganizing the association to run more efficiently, as she kicks off her one-year term this month.

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Richards Layton Under Fire Amid Bid To Avoid AI Sanctions

By Rose Krebs

A firm has asked a Delaware vice chancellor to allow it to submit more "factual information" regarding what it says are inconsistencies in Richards Layton & Finger PA's attempt to avoid sanctions for submitting a filing with errors generated by artificial intelligence.

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2nd Circ. Says Pillsbury Must Surrender $3.6M Retainer

By Jessica Corso

Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a ruling that the funds were part of an asset freeze order issued in a U.S. Securities and Exchange Commission case.

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Ex-GC Hijacked Accounts And Posted Klan Imagery, Suit Says

By Ben Adlin

A Washington state court granted a temporary restraining order Wednesday in a school fundraising company's lawsuit accusing its former general counsel of taking control of its social media accounts and allegedly replacing its LinkedIn photo with a manipulated image of its president in a Ku Klux Klan robe.

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Ex-Girardi Atty Gets Probation For Keeping Silent On Theft

By Lauraann Wood

A former Girardi Keese attorney was sentenced to one day time-served and two years of probation Thursday for staying quiet and failing to report disgraced plaintiff's attorney Tom Girardi's theft of millions of settlement dollars owed to Lion Air Flight 620 plane crash victims.

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Wash. Justices Offer Bar Waiver After July Exam Tech Failure

By Rachel Riley

The Washington State Supreme Court said Thursday it's offering to waive the bar exam requirement for first-time applicants who were unable to take the test last week due to an abrupt cancellation driven by technical issues at the Yakima Convention Center where it was scheduled to be administered.   

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Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

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LAW FIRMS IN TODAY'S NEWS

Anderson Kill

Arnold & Porter

Ashurst Perkins

Bailey Cavalieri

Berger Singerman

Bodell Bove

Burns Charest

Cairncross & Hempelmann

Christensen & Jensen

Cohen Ziffer

Cole Scott & Kissane

Conrad & Scherer

Crowell & Moring

Dickinson Wright

Fox Rothschild

Gibson Dunn

Girardi & Keese

Gordon Tilden

Greenberg Glusker

HSF Kramer

Haynes Boone

Heyman Enerio

Hillis Clark

Hughes Hubbard

Hunton Andrews

Husch Blackwell

Jenner & Block

Katz Barron

Kaufman Dolowich

Kennedys Law LLP

Kirton McConkie

London Fischer

Luks Santaniello

Morrison Cohen

Nicolaides Fink

Paul Hastings

Pillsbury Winthrop

Potter Anderson

Rebenack Aronow

Richards Layton

Scanlon & Wojton

Seila Law

Simpson Thacher & Bartlett

Skadden Arps

Smith Katzenstein

Stearns Weaver

Susman Godfrey

Walker Wilcox

Werksman Jackson

Wiggin & Dana

Williams & Connolly

WilmerHale

COMPANIES IN TODAY'S NEWS

American Bar Association

American International Group Inc.

Arch Capital Group Ltd.

Dell Technologies Inc.

EQT Corp.

Evernorth Health Services

Executive Health Resources Inc.

Express Scripts Holding Co.

Google LLC

Hard Yaka Inc.

Intel Corp.

Liberty Mutual Insurance Group

LinkedIn Corp.

Patriot National Inc.

Public Co. Accounting Oversight Board

The Boeing Co.

The Church of Jesus Christ of Latter-day Saints

The Cigna Group

The Florida Bar

The TJX Cos. Inc.

Union Pacific Corp.

University of Miami

Vimeo Inc.

Washington State Bar Association

Willis Towers Watson PLC

Yelp Inc.

YouTube Inc.

Zayo Group Holdings Inc.

Zurich Insurance Group AG

GOVERNMENT AGENCIES IN TODAY'S NEWS

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Trade Commission

New Jersey Supreme Court

Permanent Court of Arbitration

Superior Court of Delaware

U.S. Attorney's Office for the Northern District of Illinois

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. District Court for the District of Maryland

U.S. District Court for the Middle District of Florida

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

U.S. District Court for the Western District of Pennsylvania

U.S. Securities and Exchange Commission

U.S. Supreme Court