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Representations and warranties insurance has blossomed into a common element of corporate transactions in recent years, propelled by more awareness of its benefits and an increasingly competitive market generating better terms, experts in the field say.
USA Gymnastics has filed suit against seven insurers over coverage for “at least nine” lawsuits concerning its role in the scandal in which sports doctor Larry Nassar abused numerous athletes.
An insurer urged the Ninth Circuit on Wednesday to affirm a ruling that it doesn’t have to cover an NBCUniversal production unit’s cost to move filming of a TV series away from Jerusalem amid a 2014 armed conflict between Israel and Hamas, arguing that an exclusion for war-related losses clearly applies.
Former Dewey & LeBoeuf chief operating officer Dennis D’Alessandro on Wednesday agreed to pay insurer Aviva Life and Annuity Co. $4.75 million to settle claims that he helped mislead Aviva about the firm’s finances when Aviva bought $35 million in secured notes in 2010.
A climate change conference in Miami was a mixture of optimism and dread on Wednesday, as experts in the science, insurance and development communities presented sobering figures about sea level rise estimates and discussed how South Florida can build resilient communities to adapt to increased flooding.
Hercules Offshore Inc. must indemnify a subcontractor for about $5.5 million in attorneys’ fees and expenses incurred in litigation stemming from a Louisiana offshore rig blowout, but Hercules itself is entitled to recoup those costs from an oil production company, a Texas federal judge ruled Tuesday.
The estate of a Christmas ornament magnate has asked the U.S. Tax Court to toss $68 million in taxes and penalties assessed by the Internal Revenue Service, saying the agency mischaracterized the sale of life insurance policies as a tax dodge.
A California federal judge said Wednesday that he will preliminarily approve Hartford Casualty Insurance Co.’s settlement with a certified class of more than 19,500 Golden State property owners, under which they will receive cash payments to resolve claims that the company illegally depreciated their properties and miscalculated sales tax.
A panel of Third Circuit judges on Tuesday turned away Prudential Insurance Co. of America’s bid for review of a lower court’s decision to certify a subclass in an Employee Retirement Income Security Act suit over life insurance payouts.
A New Jersey federal judge on Tuesday denied Evanston Insurance Co.’s request to appeal a court ruling that requires the insurer to defend Perth Amboy attorney Karim Arzadi and his firm against allegations of fraud brought by Allstate in a state court lawsuit.
An insurance broker and its executives launched a lawsuit in Texas federal court Tuesday accusing a pair of liability insurers of wrongfully refusing to defend them against claims that the broker interfered with another insurance company’s ability to sell policies.
Lathrop Gage LLP has added an insurance recovery and counseling partner from Latham & Watkins LLP to its Los Angeles office, the firm announced Tuesday.
Courts have not yet determined whether business auto coverage extends to accidents involving autonomous vehicles. Much depends on whether or not an autonomous vehicle can qualify as an “auto,” despite potentially lacking key components like steering wheels and turn signals, say Katherine Henry and Brendan Hogan of Bradley Arant Boult Cummings LLP.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump’s tweet that the “privilege is dead.” But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.
In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it’s too late.
Large law firms are often slow to embrace change and lawyers are notoriously risk-averse, but with the right measures in place firms can create an environment where innovation can flourish. Here are four ways law firms can further groundbreaking ideas.
In order to win and retain business, firms need to deliver useful and timely updates to clients and establish their attorneys as experts in their clients’ industries or in practice areas where they most require counsel, among other strategies, a panel of in-house leaders told legal marketers at a conference in New Orleans on Wednesday.
Buchanan Ingersoll & Rooney PC shareholder David J. Porter’s nomination to the Third Circuit, where he once clerked, has drawn praise due to his litigation experience and deep roots in Pennsylvania’s legal community, though the unabashed conservative appears poised to face tough questions over how his judgeship might impact issues ranging from employment disputes to civil rights.
Leaders from more than 180 top law firms in the United States on Tuesday urged members of Congress to grant the Legal Services Corp.’s requested $564.8 million for the 2019 fiscal year budget to ensure legal aid to veterans, domestic violence victims and other vulnerable citizens.
The Trump administration is halting a legal aid program that has informed detained immigrants about their constitutional rights since former President George W. Bush created it in 2003.
Democrats grilled Louisiana federal judge nominee Wendy Vitter over her anti-abortion views Wednesday, interrogating her about whether they would affect her decisions on the bench.
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