| TOP NEWS
New York’s top financial regulator on Monday said that Chubb Ltd. has agreed to pay a $1.3 million fine for underwriting policies for a National Rifle Association-branded insurance program called “Carry Guard” in violation of state law.
The Eleventh Circuit on Monday affirmed that Travelers does not have to cover any of a professional dive leader’s costs to defend and settle a wrongful death action filed by the family of a man who drowned on a lobster diving trip, holding an exclusion in the insurer’s policy clearly bars coverage.
The Eleventh Circuit on Monday found that a Zurich Insurance Group AG unit does not owe an event planner coverage over an injury on an amusement ride that the event planner hadn’t yet added to its policy.
A Chubb Ltd. unit on Friday urged the Second Circuit to reject Madelaine Chocolate Novelties Inc.’s claim for $49 million in coverage for flooding caused by Superstorm Sandy, saying the company can’t use a wind damage deductibles clause to override a flood damage exclusion.
In the burgeoning U.S. construction market, companies appear to be more focused on making deals and stacking steel than duking it out in court, but there are still several lawsuits worth paying attention to, attorneys say. Here, Law360 takes a look at three cases attorneys have their eyes on.
POLICY & REGULATION
President Donald Trump intends to send more than $15 billion in spending cuts to Congress this week, the White House said Monday, pulling back on already authorized spending in health care, technology research and other areas.
A Texas magistrate judge recommended Monday that a class action alleging that whole-life insurance seller Citizens Inc. artificially propped up its stock price through fraudulent sales practices be dismissed with prejudice, saying the plaintiffs cannot meet the high bar for pleading scienter.
A Liberty Mutual insurance unit on Monday launched a lawsuit in Texas federal court against a contractor for a municipal library construction project, saying it should not be required to pay up after the construction firm lost an arbitration proceeding over allegedly subpar work.
A Tennessee appeals court on Monday tossed a suit blaming a transportation company’s faulty trailer axle for causing a trucker’s wife’s severe and permanent injuries, saying because the trucker’s insurance company took possession of the vehicle and scrapped it, the transportation company was deprived of a key piece of evidence.
Comcast alerted the European Union’s antitrust watchdog of its bid to buy Sky PLC, Carl Icahn sold his stake in insurance giant AIG, and NASCAR’s majority owners are sussing out alternatives for the racing giant.
Gibson Dunn & Crutcher LLP announced Friday it has hired a real estate finance partner from Dechert LLP who has represented lenders, including banks and insurance companies, in various phases of loans secured by commercial real estate.
In the #MeToo era, the American Bar Association’s recently passed Resolution 302 is a reminder of harassment policy best practices to all employers, and it should be of particular interest to employers in the legal industry, say attorneys with Hunton Andrews Kurth LLP.
My advice to prospective clerks will now include the suggestion that they read Adam Winkler’s new book, “We the Corporations: How American Businesses Won Their Civil Rights,” for the same reason I recommend taking a corporations course — appreciating the critical role of business corporations in American life and law, says Ninth Circuit Judge Marsha Berzon.
New York Attorney General Eric Schneiderman announced his resignation late Monday night after The New Yorker reported that he’d subjected four previous romantic interests to “nonconsensual physical violence” including choking, hitting and threats to kill them if they broke up with him.
Bernstein Litowitz Berger & Grossmann LLP’s Mark Lebovitch helped reach a settlement in shareholder litigation over sexual harassment claims at 21st Century Fox that created the first corporate watchdog council — all while negotiating a $290 million deal over Pershing Square’s insider trading scandal, earning him a place among Law360’s 2018 Titans of the Plaintiffs Bar.
A cancer-screening lab embroiled in a long-running data dispute with the Federal Trade Commission has claimed in New York federal court that a Bryan Cave Leighton Paisner LLP partner directed a whistleblower to hide from the agency that he had hacked the lab’s files with surveillance tools the partner had given to him before she joined the firm.
A promotion to partner or election to practice group chair means lots of well-deserved recognition within a firm and in the larger legal community. Law360 reveals the list of attorneys whose commitment to excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the first quarter of the year.
The co-chair of WilmerHale’s futures and derivatives practice who was tapped for a spot in the U.S. Commodity Futures Trading Commission has filed a report with the U.S. Office of Government Ethics revealing he earned nearly $1.2 million at the law firm in 2017 and the first few months of this year.
The Senate took a step toward confirming President Donald Trump’s fourth judge on the Fifth Circuit on Monday, sending U.S. District Judge Kurt D. Engelhardt through a procedural vote as part of a raft of judicial nominees this week.
Kindel Elam is living her dream, both physically and metaphorically, as executive vice president and general counsel of Mattress Firm. After eight years at Fulbright & Jaworski LLP, Elam decided she wanted to go in-house at the retail company. Mattress Firm, which had been her client since 2007, went public in 2011 and was looking to hire a general counsel. Here, she shared what keeps her up at night — besides her dog — and her advice to lawyers hoping to make a similar in-house transition.
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