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California’s highest court has given the state’s employers peace of mind with its Monday ruling that an insurance carrier’s defense obligation can be triggered by claims that a company failed to properly vet or supervise a worker who then intentionally hurts someone, attorneys say.
In argument relays limited to as little as 90 seconds and dubbed a “minuet” by Delaware’s chief justice, attorneys for three insurers urged the state’s Supreme Court on Wednesday to reverse decisions they say improperly saddled them with TIAA’s costs incurred in class settlements over allegedly improper fund transfer delays.
A Texas federal judge ruled on Wednesday that three executives of Breitling Energy Corp. are entitled to use the company’s insurance policy proceeds to pay for defense costs in fighting the U.S. Securities and Exchange Commission’s $80 million fraud claims against them, despite protests from the company’s court-appointed receiver.
A Missouri federal jury Wednesday awarded $34.3 million in compensatory damages to a class of over 43,000 State Farm Life Insurance Co. policyholders in the state alleging the insurer deducted more from their accounts than their universal life insurance policies allowed.
The Third Circuit has upheld a lower court ruling that an insurer does not have to cover a carpentry subcontractor for faulty workmanship claims, saying the claims in question arise from the subcontractor’s own work and not the other subcontractors on the project.
The West Virginia Supreme Court has revived an insurance carrier’s suit seeking to rescind a medical malpractice liability policy issued to a doctor it claims wasn’t up front about his involvement in patient opioid deaths, saying a factual dispute exists regarding the alleged fraudulent misrepresentations.
A Washington federal judge found Tuesday that an exclusion for “wilderness programs” in a Microsoft Corp. health plan didn’t doom a 16-year-old’s proposed class action alleging the company wrongly denied coverage for mental health and substance abuse treatment, though he tossed the youth’s breach of fiduciary duty claims.
A collection of insurance industry groups asked the Fifth Circuit on Wednesday to issue a mandate ordering the U.S. Department of Labor to strike down its fiduciary rule, which requires retirement advisers to act in clients’ best interest, in the wake of the court’s March decision to invalidate the rule.
Ford Motor Co. has urged the Eighth Circuit to vacate a lower court’s ruling that the car company violated the Employee Retirement Income Security Act in a widow’s suit over optional life insurance benefits for her late husband, arguing that it hadn’t acted in bad faith or flouted its duties.
A dispute over an insurance claim for more than $2.7 million worth of damage sustained by a Hollywood Beach hotel after Hurricane Irma battered southern Florida last September belongs in arbitration, underwriters at Lloyd’s of London told a Florida federal court on Tuesday.
Pharmacy giants Walgreen Co. and The Kroger Co. on Wednesday sued Johnson & Johnson in Pennsylvania federal court, accusing it of compelling insurers not to cover biosimilar versions of the blockbuster immunosuppressant Remicade, adding to J&J’s headaches in a closely watched antitrust battle.
Because the U.S. Department of Homeland Security’s E-Verify program is frequently overlooked and misunderstood, immigration compliance issues have become more common in mergers and acquisitions and a basis of post-closing claims, such as those alleged in Post Holdings v. NPE Seller Rep, currently pending in the Delaware Chancery Court, say Christine Fuqua Gay and Ashley Hamilton of Holland & Knight LLP.
The New York State Department of Financial Services has proposed an updated first amendment to its Regulation 187, imposing a “best interest” rule on life insurers and producers licensed in New York. However, the updated amendment may be difficult to enforce and could subject Regulation 187 to certain legal challenges, say attorneys at Alston & Bird LLP.
Simpson Thacher & Bartlett LLP and Chicago-based boutique law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP on Wednesday joined a handful of other firms that this week that announced plans to raise associate pay following Milbank Tweed Hadley & McCloy LLP’s lead on Monday.
Troutman Sanders LLP and Winstead PC held discussions earlier this year on a potential merger, four sources with knowledge of the conversations told Law360 on Wednesday, the latest indication that law firms remain eager to expand into Texas.
Want a top post at a large law firm? Experts say building cases against the mafia is the perfect training ground.
The Senate Judiciary Committee pushed forward with the Third Circuit nomination of Buchanan Ingersoll & Rooney PC shareholder David J. Porter, holding a confirmation hearing Wednesday despite Democrats’ criticisms of his record and lack of home-state support.
The Senate confirmed President Donald Trump’s 42nd judicial nominee on an 83-11 vote Wednesday, sending Annemarie Carney Axon to the federal bench in the Northern District of Alabama.
The decision by voters in a California county to oust a judge who gave a light sentence to Stanford University swimmer Brock Turner for a felony sex assault may encourage similar campaigns against sitting judges in the state and elsewhere who hand down controversial decisions, experts say.
Deloitte intends to acquire the non-U.S. business of immigration law firm Berry Appleman & Leiden LLP, the accounting giant said Wednesday, adding eight offices and 170 professionals specializing in immigration law around the globe.