| TOP NEWS
A UBS AG unit cannot tap into $20 million in coverage to defray costs associated with claims that investors lost billions of dollars because UBS manipulated Puerto Rico’s municipal debt bond market, a federal judge ruled Thursday, holding that an exclusion applies because the claims are highly similar to previously filed actions.
Waste collector Republic Services cannot press its claim that Lloyd’s of London underwriters breached a $25 million excess policy by failing to pay the company’s costs in connection with pollution at a Missouri landfill, an Arizona state judge has ruled, saying the claim is premature because the underlying primary insurance hasn’t been exhausted.
Great American Alliance Insurance Co. asked the Eighth Circuit on Wednesday to find it does not have to cover a 2014 zip line accident at a church camp at a Baptist conference center, saying the policy only provides coverage for the areas named in the lease signed by the camp organizer.
Three insurers hit Pfizer Inc. with a suit on Wednesday seeking to dodge coverage for a $400 million settlement the pharmaceutical giant reached over off-label drug marketing claims, telling a New York federal court several exclusions allow them to bar coverage.
Bankrupt insurance services provider Patriot National Inc. received court approval Thursday in Delaware to tap into $5.5 million of post-petition lending on an interim basis to give it some financial stability as it pursues a debt-for-equity swap with secured lenders.
The family office of Chinese investor Cai Kui is reportedly close to a deal to buy a hotel portfolio from MassMutual for as much as $800 million, Bank of New York Mellon will reportedly sublet its space at Brookfield Place in New York, and Blackstone is said to have picked up a three-building complex in California for $42 million.
In Veilleux v. Progressive last month, a Connecticut federal court reminded us that important questions remain about a plaintiff’s right to force a resolution of a coverage dispute between a tortfeaser and its insurer, says Robert Helfand of Pullman & Comley LLC.
Because courts have not modernized as quickly as companies like Amazon, Tesla and Apple, Americans are becoming increasingly dissatisfied, but technological innovations may be able to help Americans access their due process, says Stephen Kane of FairClaims.
With a traveling D.C. Circuit seal affixed to a wall behind him, a table-turned-makeshift bench beneath him and a room full of law students in front of him in an American University conference hall, Chief Judge Merrick B. Garland started oral arguments in two appeals last week by answering his own question: Why are we here?
Cook County Circuit Court Clerk Dorothy Brown is appealing an injunction that would have required her office to provide instant access to lawsuits filed electronically in the Chicago-area circuit courts by next week, according to court documents filed Wednesday.
A team of attorneys led by Norton Rose Fulbright’s Abbe Lowell secured the dismissal of the corruption case against U.S. Sen. Bob Menendez, D-N.J., earning them a spot on this week’s legal lions list, while the legal lambs list was headed up by a Troutman Sanders LLP attorney bench-slapped by the Eleventh Circuit for convincing a district court to shirk the appeals court’s mandate in a retail chain exclusivity row.
Law360 is looking for avid readers of our publications to serve as members on our 2018 editorial advisory boards.
Law school taught me how to think like a lawyer, but the district court judge I clerked for my first year out of law school taught me how to be a lawyer. This was the gift she gave to all of her law clerks, in one form or another, says M.C. Sungaila of Haynes and Boone LLP.
We hope you found this message to be useful.
However, if you’d rather not receive future emails of this sort,
you may unsubscribe here.
Please DO NOT reply to this email. For customer support inquiries, please call 1-646-783-7100 or visit our Contact Us page.
Law360 | Portfolio Media, Inc, 111 West 19th Street, 5th Floor, New York, NY 10011