| TOP NEWS
California’s highest court has agreed to review Actavis’ challenge of a lower court’s ruling that it isn’t covered under a Travelers policy for lawsuits alleging its misleading marketing of painkillers has fueled the nation’s opioid addiction problem and caused a spike in heroin use, according to a Wednesday docket entry.
Westfield Insurance Co. on Wednesday told the Sixth Circuit it shouldn’t have to pay for warehouses that were damaged when they were surreptitiously converted into marijuana growing operations, calling the property owner’s argument that the damages resulted from “vandalism” and therefore are covered “a legal and factual red herring.”
Eight insurers have told the Sixth Circuit that not only did they rightfully refuse to pay $75 million toward a $212 million settlement First Horizon National Corp. reached with regulators, but that the appeals court should revive their bad faith and breach of settlement claims against the bank.
POLICY & REGULATION
Governments must help insurers gain access to information on cyberattacks to help them price risk for customers and determine their own exposure to a potential rush of claims, the deputy secretary-general of the Organisation for Economic Co-operation and Development indicated on Thursday.
Chuck E. Cheese’s owner CEC Entertainment Inc. on Wednesday urged a Texas federal judge to rule that Travelers must shell out more than $4.9 million to cover the pizza chain’s costs to defend a shareholder suit stemming from its 2014 merger, while the insurer looked to stop the coverage bid in its tracks.
Phoenix Group is reportedly nearing a deal for Standard Life’s insurance unit, F2i and Rai Way increased their bid for Telecom Italia’s broadcasting business, and United Technologies’ CEO said the company will decide by the end of the year whether to split up.
Several types of insurance policies can potentially cover costs of defense and ultimate liability for pharmaceutical manufacturers, wholesale distributors and retailers defending against opioid-related lawsuits, but policyholders must be wary of the potential issues that may arise, say Anna Engh and Cléa Liquard of Covington & Burling LLP.
Former Foley & Lardner LLP real estate partner Walter “Chet” Little was sentenced on Thursday to three years in prison for insider trading, following his admission that he cashed in on confidential merger information about the law firm’s clients.
A former Perkins Coie partner must arbitrate claims the law firm dipped into his wages without permission, a California appellate court said Wednesday, reversing a lower court’s ruling that his work contract was unconscionable and its arbitration provision wasn’t binding.
President Donald Trump has prioritized rolling back the “administrative state,” White House Counsel Don McGahn said Thursday, and part of that is looking at potential judicial nominees’ experience with government regulation and major guideposts like Chevron deference.
The Supreme Court’s long-running tensions over the use of legislative history as a way to interpret law broke out into public view Wednesday in a case over the Dodd-Frank Act’s whistleblower provisions, as Justices Sonia Sotomayor and Clarence Thomas clashed over the value of a Senate report.
As a once black-market industry continues to grow in both legitimacy and size, and with it, a corresponding surge in legal needs, the first generation of general counsel at state-legal U.S. marijuana companies are on the front lines of the new and volatile field of cannabis law.
Williams & Connolly earned a spot on this week’s legal lions list after the law firm secured a U.S. Supreme Court opinion in favor of its client narrowing the definition of the term “whistleblower,” while Jones Day ended up on the legal lambs list after a federal judge dismantled its client’s $2.5 billion jury verdict in an infringement suit over a hepatitis C drug patent.
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