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A recent report by specialty insurer Beazley detailing the prevalence of email-based “phishing” theft schemes illustrates the need for companies to build up robust defenses including employee education, preventative policies and insurance tailored to such risks, experts say. Here, Law360 offers four tips for companies to shield against phishing attacks.
Key Safety Systems Inc., which recently purchased Takata Corp.’s assets at a bankruptcy auction, cannot force an AIG unit to pay nearly $600,000 in post-judgment interest racked up in an underlying suit over a car crash, the Sixth Circuit affirmed on Friday.
The Eleventh Circuit upheld an Alabama federal court’s ruling that a pollution exclusion in an insurance policy doesn’t apply to property damage and injuries from a sewage leak, saying Friday the lower court rightly drew comparisons to a past case that reached the same conclusion.
Lloyd’s of London and other insurers can’t claw back $132.5 million they spent settling claims after the deadly Chatsworth train accident, a California state appeals court has ruled, affirming a lower court’s decision that found an exclusion didn’t apply because the crash wasn’t a strictly “intentional act.”
Wells Fargo will pay a $1 billion fine to the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency as part of settlements unveiled Friday resolving allegations of improper practices in the bank’s auto lending and mortgage divisions.
Federal authorities in New York City announced on Thursday the indictment of five people who allegedly attempted to rake in $31 million from an insurance fraud operation in which “victims” were recruited to fake slipping and falling, coached on how to feign injuries and even paid to undergo unnecessary surgeries.
The New Jersey Devils and St. Louis Blues hockey teams and their insurance companies renewed their calls for a Minnesota federal court to dismiss concussion claims from former NHL “enforcer” Michael Peluso on Thursday, two months after both sides asked to put the case on hold.
A Florida federal judge on Friday kept alive a former Nexagen Networks Inc. employee’s suit accusing the company of firing him to dodge health care costs and replacing him with a younger worker, saying his state-law age discrimination claim isn’t preempted by the Employee Retirement Income Security Act.
A Florida appeals court sided with the state’s financial services agency Friday in a dispute with two law firms, ruling that a public records exemption protecting certain personal information held by the agency for participants in two real estate insurance programs is constitutional.
A contract outlining terms of Cephalon Inc.’s $125 million settlement, which resolved allegations it paid competitors to delay generic versions of its Provigil drug, is binding and enforceable, a Pennsylvania federal judge said Friday, but left undetermined if an insurer-claimant’s attorneys were authorized to approval the deal.
Sentinel Insurance Co. sued surgical tools company Novo Surgical Inc. in Illinois federal court Thursday, claiming it has no duty to defend Novo in an underlying suit in which a competitor accused it of infringing sales information.
The Federal Deposit Insurance Corp. has urged a New York federal judge not to drop its suit alleging Citibank, U.S. Bank and Bank of New York Mellon mishandled residential mortgage-backed securities and cost a Texas bank $695 million, saying Citibank’s refusal to sign off on the claims out of its own self-interest shouldn’t prevent them from moving forward.
Tetsu, the latest restaurant created by renowned Japanese chef Masayoshi “Masa” Takayama, has sued its trusted insurance broker in New York state court, claiming the firm failed to adequately cover the eatery for lead-related claims.
The last week has seen a contract dispute erupt between Russia’s Sberbank and a fellow state-controlled bank in Azerbaijan, Greece’s Alpha Bank sue more than a dozen Lloyd’s syndicates, and underwriters and Lit Securities take on Morgan Stanley.
Six firms are set to guide companies on initial public offerings estimated to surpass $1.3 billion during the week of April 23, steering a technology-dominated lineup led by a projected $542 million offering from electronic signature company DocuSign Inc.
Morris Manning & Martin LLP has launched a Washington, D.C.-based government contracts practice group led by a former partner at Cohen Mohr LLP and bolstered its D.C. office with another 10 attorneys working in five different practice areas, the firm announced this week.
Some policyholder lawyers seem to believe that an insurer commits bad faith if it does anything short of exactly what was demanded, but it is actually very hard to prove. Even when a court determines that an insurer is flat-out wrong, it’s unlikely that the insurer will be found to have acted in bad faith, says Randy Maniloff of White and Williams LLP.
When faced with a denial for coverage of legal costs associated with employee misconduct, policyholders should never assume that their insurer’s interpretation is correct. In fact, some policyholders are well-positioned to refute such denials, especially when the cited exclusion fails to define “abuse” or is otherwise vague, says Greg Van Houten of Haynes and Boone LLP.
Among the proposed amendments to Rule 23 of the Federal Rules of Civil Procedure, which are scheduled to take effect Dec. 1, are specific requirements related to “front-loading.” They outline the process for seeking preliminary court approval of class action settlements and related notice plans, say Shandarese Garr and Niki Mendoza of Garden City Group LLC.
The Solicitors Regulation Authority is looking into the conduct of some Dentons UKMEA LLP human resources managers that came to light during a gender discrimination dispute last year, a spokesperson for the U.K. legal regulatory body confirmed on Friday.
At least two global law firms are doing away with their annual associate reviews in favor of ongoing, associate-initiated performance evaluations, a new approach that may be the wave of the future for law firms.
A man who killed an Eleventh Circuit judge and a black civil rights lawyer in 1989 using mail bombs was executed Thursday night in Alabama, following an eleventh-hour stay issued by the U.S. Supreme Court earlier in the day that was later vacated.
A former confidant and employee of a widowed Coca-Cola executive’s wife and Atlanta-based Alston & Bird LLP have agreed to end that woman’s $35 million Georgia state malpractice suit in a settlement, the plaintiff’s lawyer said Friday.
The Democratic National Committee filed suit Friday in New York federal court accusing the Russian government, the Trump campaign and WikiLeaks of conspiring to hack the Democratic Party and doom Hillary Clinton’s chances at the 2016 presidential election.
Taking the measure of President Trump’s “Buy America, Hire America” mandate after one year, the general counsel of FactSet weighs in on the European Union’s upcoming General Data Protection Regulation, and a settlement between Uber and regulators could change the way companies think about data breaches. These are some of the stories in corporate legal news you may have missed in the past week.
On the latest episode of Law360’s Pro Say podcast, we dig in to some intriguing aspects of the raid on the offices of President Trump’s personal lawyer, including the impact on attorney-client privilege and Michael Cohen’s high-dollar BigLaw connection. Also this week, we discuss a big Supreme Court case that could have a huge impact on how online retailers pay sales tax and a case that could turn courtroom theater into actual Broadway theater.
For those who missed out, here’s a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.
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