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U.S. District Judge Jed S. Rakoff on Wednesday ruled that Lamorak Insurance Co. owes Olin Corp. $55 million to cover the chemical producer’s payments to clean up five contaminated sites, after reducing the excess insurer’s liability by about $2.7 million, which was paid by other carriers that settled with Olin.
General Electric Co. officers and directors falsely stated the finances of the company’s power and insurance segments, ultimately causing share prices to drop as it halved annual dividend payments and lowered its financial forecasts, a shareholder claimed in a derivative suit filed Tuesday in New York federal court.
The New Jersey Supreme Court on Tuesday affirmed that unidentified motorists may by law be allocated fault in automobile accident lawsuits, potentially reducing the exposure of the named defendants, as long as the parties receive advance notice that a “John Doe” defense will be mounted.
The U.S. Trustee’s Office objected Wednesday to the latest version of insurance company servicer Patriot National Inc.’s Chapter 11 plan, saying it contains unjustified legal releases and goes too far in blocking late claims.
A Maryland federal judge on Tuesday found Lancet Indemnity Risk Retention Group Inc. owes about $996,000 plus interest to a woman and her children after her husband died from cardiac arrest shortly after receiving treatment for chest pains from a doctor who didn’t take part in his own medical malpractice trial.
Two Florida appeals courts issued opinions Wednesday finding they lack jurisdiction to review lower court orders denying motions to dismiss by government entities claiming sovereign immunity because the orders did not explicitly make determinations regarding the agencies’ immunity.
Locke Lord LLP has nabbed a Troutman Sanders LLP partner to serve as its head of arbitration for East Asia, bolstering the firm’s Hong Kong offerings with his extensive experience in both dispute resolution and noncontentious matters, with a particular focus on areas like transportation, international trade, insurance and product liability.
How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.
Riley Safer Holmes & Cancila LLP has elected its first African-American female managing partner, potentially marking a racial barrier-breaking first for the industry, Law360 has learned exclusively.
Many employers now demand the opportunity to shape laws and regulations as they’re being written rather than simply scrambling to comply after the fact, a desire that has led to an explosion of competition among large law firms to set up and grow labor and employment lobbying shops.
The Texas Supreme Court took a first-of-its-kind step last week, transferring more than 80 fully briefed cases away from the Eighth Court of Appeals in El Paso — some that have been pending for more than two years — as the court works to clear a backlog.
President Donald Trump’s attorney Michael Cohen and federal prosecutors both submitted candidates for a possible “special master” to review materials the FBI seized from Cohen, with the government suggesting three retired magistrate judges and Cohen naming four former federal prosecutors, including a former top SEC enforcer.
An attorney at Proskauer Rose LLP who anonymously accused the firm of gender discrimination told the Second Circuit on Wednesday a lower judge was wrong to reject her request for a mediator’s notes that she believes prove her claim the firm threatened to fire her, saying the judge should determine if they’re relevant.
The Eleventh Circuit Wednesday agreed with a lower court’s decision to uphold the execution, scheduled for Thursday, of pipe bomber Walter Leroy Moody Jr., who killed an Eleventh Circuit judge in 1989, while disagreeing with the lower court’s reasoning.
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