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Cigna’s $67 billion purchase of Express Scripts is set to face rigorous antitrust scrutiny amid a wave of deals integrating insurers and pharmacy benefits managers — especially given the government’s recent hard-line stance on another high-profile vertical merger.
Hotel booking site Reservations.com said that Scottsdale Indemnity Co. has a duty to defend it in a proposed class action accusing the company of hiding booking fees from customers, telling a Florida federal court Thursday that the insurer’s refusal to provide coverage is a breach of duty.
A split Fifth Circuit panel on Thursday vacated the U.S. Department of Labor’s fiduciary rule for retirement account advisers, with the majority finding the agency overstepped its authority and that the Obama-era rule’s redefinition of “fiduciary” was unreasonable.
Millennium Laboratories asked the Ninth Circuit on Wednesday to rethink its ruling that Allied World Assurance Co. does not have to cover the $5 million it spent defending against a federal investigation, saying its insurance policy entitles it to recover at least part of its expenses.
POLICY & REGULATION
Republican-led efforts to increase hospital transparency in the 340B drug discount program encountered turbulence on Capitol Hill on Thursday as Democrats spotlighted secrecy surrounding drugmaker pricing practices.
A California state judge on Wednesday sentenced the co-owner of a Los Angeles drug and alcohol treatment facility to 11 years in prison in relation to a $175 million billing scheme involving insurance fraud, identity theft and money laundering.
A former McKinsey & Co. Inc. director was sentenced to two years in prison Wednesday after admitting to a nearly $600,000 expense-fraud scheme he ran with a State Farm employee.
Reed Smith LLP and an ex-client on Tuesday said that they had reached a deal to resolve claims that the firm botched a $20.5 million insurance settlement after a fire at a historic suburban Philadelphia mansion.
An Illinois federal judge certified a class of current and former Indian national employees of Capgemini North America Inc. for most of their claims Wednesday in a lawsuit alleging the consulting firm cheated the workers out of health insurance benefits.
Washington National Insurance Co. and Conseco Health Insurance Co. told a federal judge Wednesday that they have agreed to settle a proposed class action from two West Virginia residents who claimed the insurers wrongfully denied them benefits under a cancer policy.
Plastic packaging manufacturer Scholle IPN Packaging and its insurer hit its plastic film supplier with a $1.7 million lawsuit in Illinois federal court Thursday over claims that the film caused Scholle’s packaging, used by a variety of companies including Coca-Cola, to leak soft drink syrup mix.
Verso Corp. asked an Ohio federal court Wednesday to end a putative class action filed by retired members of the United Steelworkers union who said the company had broken a promise to provide them life insurance benefits for life, asserting that the parties’ contract made no such guarantee.
In Liberty v. Ledesma and Travelers v. Actavis, the California Supreme Court should stand by its long, if not uniform, history of requiring an insurer to provide defense if there is even a remote possibility that the insured’s conduct or its effects were accidental, say Kurt Melchior and Joan Cotkin of Nossaman LLP.
Law firms may need to rethink the way they interview and hire to reverse the steady tide of attorneys jumping ship in today’s highly active lateral market. Here are two tactics for finding and hiring lawyers that some say could prevent them from leaving in the long run.
In the age of technology and artificial intelligence, a majority of United States corporate legal departments say they’ve seen no innovation from their law firms and legal service providers in the past year, the research firm Acritas said Thursday.
President Donald Trump’s picks for the Tenth Circuit and district court seats in Florida and Delaware moved through the Senate Judiciary Committee Thursday, all with at least some bipartisan support.
Mossack Fonseca & Co., the offshore law firm implicated in the Panama Papers scandal, is telling clients it will close by March 31 because of the damage to its reputation and business, according to a statement posted Wednesday by the International Consortium of Investigative Journalists.
A trio of small and solo law firms secured a spot on this week’s legal lions list after a federal judge sided with their client, US Coachways Inc., in a $50 million insurance dispute, while Butler Snow LLP landed on the legal lambs list when a federal jury slammed its client, a Johnson & Johnson unit, with a $35 million product liability verdict.
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