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Maxum Indemnity Co. does not need to cover a $40 million breach of contract action against an insured tunnel-boring machine maker over delays caused by a breakdown, an Ohio federal court ruled Thursday, finding that Maxum’s policy explicitly bars coverage for contract-related claims like this one.
A New Jersey federal judge on Thursday said it was premature to give Republic Franklin Insurance Co. a quick win in its bid to make Travelers Casualty Insurance Co. of America share the costs of defending a nearly $7 million trade secrets suit, ruling that it’s possible Republic’s claim could have been raised in related litigation.
Emmis Communications Corp. won coverage Wednesday from AIG unit Illinois National Insurance Co. for a preferred stockholders’ suit accusing the board of attempting to strip investors of their rights, when an Indiana federal judge found the insurer incorrectly applied a policy exclusion.
Law360 is pleased to announce the formation of its 2018 Insurance editorial advisory board.
A Ninth Circuit panel on Wednesday backed a win for UnitedHealthcare in a suit alleging the insurer violated a LifeLock Inc. welfare benefit plan by denying coverage for a woman’s mental health facility stay.
Aetna on Wednesday fought back against an attempt to throw out or transfer a suit it brought in Pennsylvania federal court against the settlement administrator it claims was responsible for mishandling sensitive policyholder information, exposing it to a $17 million proposed class action suit.
MetLife has reportedly loaned $277 million for a Boston office tower; David Beckham is said to be considering sites near a casino, hospital and golf course as possible locations for his Miami soccer stadium project; and Valley National Bank has reportedly loaned $13 million for a Florida self-storage construction project.
A former co-leader of Baker Donelson Bearman Caldwell & Berkowitz PC’s health care antitrust practice who represents health care providers and insurers, including defending Michigan hospital Henry Ford Allegiance Health in a U.S. Department of Justice antitrust suit, has joined Akerman LLP.
In recent years, warranty and indemnity insurance has become a prevalent method of helping mergers and acquisitions counterparties close transactions by transferring warranty and liability away from the buyer and seller and onto the insurance market, say William Charnley and Ilan Kotkis of King & Spalding LLP.
Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have been using this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.
Global law firm Freshfields Bruckhaus Deringer LLP has filed its gender pay gap report with the U.K. government, revealing a 13.9 percent gap between average hourly pay of male and female employees in its London and Manchester offices.
A San Jose law school slapped the State Bar of California with a federal antitrust lawsuit Wednesday, claiming an agency committee that reviews law school accreditation matters is structured to favor certain schools.
Topping this week’s legal lions list is a team of attorneys from Labaton Sucharow LLP who secured two SEC whistleblower awards worth roughly $83 million for three tipsters, the agency’s largest award ever, while now-departed Latham & Watkins LLP Chair Bill Voge heads up the legal lambs list over the behavior, which included sending sexually explicit messages, that led to his resignation.
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