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Auto-Owners Insurance Co. had no duty to defend tuna purveyor Anova Food Inc. in two false marketing suits brought by competitor King Tuna, the Eleventh Circuit affirmed on Tuesday, agreeing with a lower court that the allegations in the underlying actions fall squarely within an exclusion in Anova’s policy.
Microsoft Corp. told a Washington federal court Monday that a putative class action asserting its health care plan improperly denied coverage of certain treatment services called “wilderness programs” should be tossed, arguing the plaintiffs had flipped their argument and were ignoring the plan’s plain language.
A North Dakota federal judge on Monday found an apartment complex was covered for water damage from a cracked water main even though its policy with Arch Specialty Insurance Co. doesn’t cover the pipe itself.
A Washington federal judge Tuesday sided with a general contractor in a lawsuit over coverage for claims of allegedly shoddy work in building a mixed-use development, saying the insurer acted in bad faith despite a belated offer to defend the construction company from the underlying lawsuit.
POLICY & REGULATION
The Federal Reserve Bank of New York said Tuesday that it’s found a new president and CEO in current San Francisco Fed chief John C. Williams, elevating the Stanford-trained economist to one of the Fed’s most powerful posts over objections from some Democratic lawmakers and advocacy groups.
A Pennsylvania federal judge said Monday that Keystone College’s failure to sign an agreement allowing it to use a Boy Scout campground cleared Selective Insurance Co. of America from liability for injuries suffered by a student during an orientation event held at the site.
An insurance company that sued the Internal Revenue Service for unfairly labeling it as a tax scammer in a notice on captive insurance companies asked the Sixth Circuit on Monday to reverse a district court’s dismissal of the case, claiming pre-enforcement review of an IRS notice is not barred by certain statutes.
Houston Specialty Insurance on Monday appealed more than $1 million in attorneys’ fees awarded to a weatherproofing and construction firm and two employees, saying the trial court should not have issued the award before a related coverage suit was resolved, and also erred by multiplying the award.
Former hedge fund SAC Capital Advisors and its founder, Steven A. Cohen, have escaped an $8 billion lawsuit over an alleged scheme to lower Fairfax Financial Holdings Ltd.’s share price after a New Jersey state judge said the court did not have personal jurisdiction over the claims against them and related parties.
Blackstone has reportedly taken out another $305 million of debt against the Willis Tower in Chicago, Esure founder Peter Wood is said to have sold a Florida home for $18.25 million, and Wells Fargo has reportedly loaned $40 million for a Florida residential construction project.
While many policyholders are still fighting insurance carriers to recover on Hurricane Harvey claims, it is important for policyholders to prepare for the next season of storms by reviewing their coverage and understanding the difference between “dwelling,” “contents,” “other structures,” and alternative living expenses, says Angelina Wike of Merlin Law Group PA.
In Reese v. Anthem, a Louisiana federal court recently dismissed a putative class action alleging violations of the Telephone Consumer Protection Act. The decision is worth noting because the court’s analysis provides some useful judicial gloss on the issues of TCPA consent and the distinction between commercial and informational communications, says Eric Berman of Venable LLP.
A recent $107 million Burford Capital deal is the latest signal that litigation funding’s secondary market is starting to bloom under investor interest — a development that will bring more opportunities for lawyers, but also increased risks of being taken in by a funder that can’t afford to finance the case on its own.
Before the official launch on Tuesday of the combined firm Bryan Cave Leighton Paisner LLP, the firm’s co-chairs noted that they were already witnessing the benefits offered by a new, relatively rare, fully integrated international structure.
The desire of general counsel to in-source legal work has not let up, with 65 percent of corporate counsel responding to a survey released Tuesday by saying they would prefer to bring additional talent in-house rather than rely on outside counsel.
Hogan Lovells became the latest law firm Tuesday to voluntarily include partner compensation in its U.K. pay gap figures, and it turns out the law firm’s female partners in Britain earn on average 2.8 percent more than their male colleagues.
Yelp urged the California Supreme Court on Tuesday to nix a lower court’s order that it take down a negative review of a personal injury attorney by her former client, saying the order violates its free speech and due process rights and will spur a “flood” of take-down orders against millions of online publishers.
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