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The Second Circuit on Friday ruled that Lincoln Benefit Life Co. cannot void a nearly $6.7 million life insurance policy that was obtained through fraud, holding that New York law bars Lincoln’s arguments because it waited too long to challenge the policy’s validity.
The Texas Supreme Court on Friday ruled against a workers’ compensation carrier in a dispute over a policy that covered an injured truck driver, holding the carrier had waived its right to be reimbursed from any settlement proceeds the worker might get from a third party liable for the injury.
A pair of National Football League player benefit plans urged the First Circuit on Friday not to reverse a lower court decision that the NFL’s retirement board properly denied claims for survivor benefits made by the ex-wife of a late New England Patriots player.
An Illinois federal judge granted preliminary approval Thursday to a proposed $25 million settlement between Continental Casualty Co., fiduciaries to its 401(k) plan and a class of plan participants who accused the company of breaching federal benefits laws by canceling a group annuity contract that was one of the plan’s investments.
POLICY & REGULATION
The U.S. House of Representatives passed a $15 billion pullback of already authorized spending on the Children’s Health Insurance Program, car technology research and other areas on Thursday, putting the funding rollback on an uncertain path in the Senate.
Liberty Surplus Insurance Corp. doesn’t have to cover the city of Vandalia from a lawsuit sparked by a grisly train accident, an Illinois federal court ruled Thursday, saying the city’s reliance on a decades-old lease agreement and a so-called certificate of insurance was misplaced.
A Pennsylvania federal court granted class certification Thursday to car owners who claim Progressive did not give them a state-mandated 10 percent discount on their insurance premiums for having passive anti-theft devices in their vehicles.
Travelers sued sheet music publisher Hal Leonard in Wisconsin federal court on Friday to avoid paying out the full $900,000 lost to a “phishing” hack, the latest suit in a growing conflict over whether or not such attacks are covered by cybersecurity policies.
A pair of Chubb Group insurers Thursday asked a New Mexico federal court to send a dispute between them and three other insurers over coverage for a fatal 2014 plane crash to arbitration, saying the other insurers have been stalling proceedings for months.
The last week has seen dozens of eyewear retailers sue Visa and MasterCard, UBS look to seize property from beleaguered Indian beverage magnate Vijay Mallya and insurer HDI Global take action against Maersk. Here, Law360 looks at those and other new claims in the U.K.
One of AmTrust’s self-described largest shareholders on Friday cried foul at the sweetened offer to take the insurer private for $2.95 billion, accusing the founding family members and Stone Point Capital-managed private equity funds proposing the deal of bluffing about their offer’s rigidity.
The California Supreme Court’s decision in Liberty v. Ledesma strengthens insureds’ rights to coverage under general liability policies and establishes that they are entitled to a defense where the injury alleged was unintended and unforeseen from the insured’s perspective, say Tyler Gerking and David Hofmayer of Farella Braun & Martel LLP.
I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.
The vast majority of low-income Americans facing civil legal problems received inadequate or no legal help in 2017. Here, Law360 looks at four of the latest tools that may have the potential to digitally bridge that justice gap.
Ogletree Deakins Nash Smoak & Stewart PC has again urged a California federal court to transfer a contentious $300 million gender discrimination suit from the state’s Northern District to its Central District, saying the lead plaintiff has “candidly conceded that she is forum shopping.”
A New York federal judge on Friday denied King & Spalding LLP’s bid to escape a former associate’s retaliatory firing suit, picking apart the firm’s defenses after it neglected her admonition to settle the suit at a hearing last month.
In the past month, the American Bar Association has been hit with four lawsuits criticizing the way the association accredits and regulates law schools, but while experts are somewhat skeptical about the suits’ chances of success, many agree that the suits do get at least one thing right: The ABA’s approach to law schools is in need of reform.
The New Jersey Supreme Court has declined to second-guess an ethics decision barring Garden State attorneys from using legal service providers Avvo, Rocket Lawyer and LegalZoom, dealing a blow to consumer watchdogs who say the move reduces public access to legal services.
Democratic state attorneys general urged the Consumer Financial Protection Bureau to maintain public access to its consumer complaint database on the financial industry and a New York City Bar panel said some new efforts to bolster companies’ sexual harassment policies may be creating unintended legal pitfalls that must be weighed carefully. These are some of the stories in corporate legal news you may have missed in the past week.
As the U.S. Department of Justice ramps up enforcement of foreign lobbying violations, it shed some additional light on who needs to disclose such work by releasing scores of advisory opinions Friday involving everything from D.C. law firms to human rights groups.
Robert Mueller’s investigation of Russian meddling in the 2016 election made headlines a few times this week, so we’re devoting the latest episode of Law360’s Pro Say podcast to explaining what you need to know about the recent twists and turns in the investigation.
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.