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A New York appeals panel on Thursday affirmed that Selective Insurance Co. of America doesn’t have to cover an Albany hotel’s costs to repair water damage from Hurricane Irene, agreeing with a lower court that an exclusion in the hotel’s policy for gradual wear and tear applies to bar coverage.
Schiff Hardin LLP on Thursday asked the Fifth Circuit to end a suit by Ironshore Europe DAC claiming the law firm’s bad advice about a product liability trial cost it $34 million, saying it has immunity under Texas law.
A top Sompo International executive has accused his former employer Chubb of illegally withholding $600,000 in deferred stock compensation while the parties are embroiled in litigation over whether he stole Chubb’s trade secrets and helped poach key employees.
A Second Circuit panel on Thursday revived a putative class action against several insurance companies accused of offering illegal insurance, finding that a New York federal judge conflated the requirement for injury in fact with the underlying validity of the putative class’ argument.
A pharmaceutical executive urged the Third Circuit on Wednesday to revive his suit alleging Allergan Inc. and other companies shorted the federal government on drug rebate payments, arguing that the drugmakers understated the product prices on which the amount they owed was based.
A Ruben Cos. venture has reportedly landed a $205 million loan from MetLife for a New York property, Miller Oil’s Augustus Miller is said to have dropped $9.5 million on a Florida medical office center, and a Walton Street venture is reportedly buying an Illinois office complex for $125 million.
Benesch Friedlander Coplan & Aronoff has brought on an experienced attorney from Vedder Price PC to handle a variety of employee benefit and compensation matters as a partner in its expanding Chicago office.
A New York federal court recently granted a conditional certification of the Fair Labor Standards Act collective action claims in Julian v. Metropolitan Life Insurance. The case is being litigated hard and well by experienced FLSA counsel on both sides. As such, it is a useful vehicle to analyze cases of this nature and some of the issues that arise, says Frederick Warren of FordHarrison LLP.
Many Texas contractors offer to handle insurance claims for their homeowner customers, but the Texas Supreme Court is currently considering whether to hear an appeal of a case that could deem such actions illegal, rendering their contracts void and unenforceable, says Brett Wallingford of Zelle LLP.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
If a law firm hasn’t made gender diversity a priority in its teams handling corporate cases, it won’t be competitive for company business, a panel of general counsel for major companies said at a conference on women in the courtroom in Chicago Thursday.
Corporate legal departments were caught off guard by the U.S. Department of Justice’s 2016 guidance signalling that the agency would criminally prosecute certain employment-related agreements between companies, and a panel of in-house leaders said Thursday they’re waiting for further developments in the space.
The Minority Corporate Counsel Association has partnered with Microsoft Corp. to launch a new data-driven initiative designed to give law firms and legal departments a road map for how to cultivate a more diverse bench of leaders, the organization said in a statement Thursday.
Wendy Vitter, a Republican lawyer tapped by President Donald Trump for the federal bench in Louisiana, may be in store for a tumultuous fight for her appointment despite following the typically pallid game plan employed by nearly all judicial picks when they appear before congressional confirmation hearings.
The Senate confirmed President Donald Trump’s picks for judgeships in Kansas and the Western District of Kentucky Thursday, sending two private practice attorneys to the federal bench.
Fenwick & West LLP said Thursday it will more than double the footprint of its New York City office when it relocates to the technology-friendly Flatiron District, a move the firm said will benefit its tech and life sciences clients.
Hogan Lovells LLP topped this week’s legal lions list, guiding client Novartis on an $8.7 billion deal to take over gene therapy company Avexis, while Kirkland & Ellis LLP ended up a legal lamb after a jury found its client Apple willfully infringed a network security patent, potentially putting the tech giant on the hook for more than $1.5 billion in damages.
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