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Travelers Casualty and Surety Co. and Becton Dickinson and Co. told a New Jersey federal court on Wednesday that they have reached a settlement in a dispute over defense costs and $167 million in settlement payments in antitrust class actions.
National Union Fire Insurance Co. doesn’t have to pay for a subcontractor’s $5 million settlement tied to damage resulting from the installation of a retaining wall, a Maryland federal court ruled Tuesday, finding a “damage to impaired property” exclusion applies.
A New Jersey federal judge has signed off on bids from two insurance companies for a total of about $150,000 in attorneys’ fees and costs in a lawsuit brought by a son of the late conservative leader Phyllis Schlafly over more than $3 million in proceeds under policies on his mother’s life.
In a published opinion, the Fifth Circuit has revived a hospital’s $58 million suit against several insurance companies over alleged underpayments, saying that the Texas hospital did not need to provide details from specific insurance plans to pursue claims because the companies refused to hand over the plan documents.
A Connecticut federal judge ruled Wednesday that Travelers Casualty & Surety Co. of America can’t force an Israeli construction company and the prime contractor on a U.S. Army Corps of Engineers project to arbitrate a dispute over $1 million in alleged underpayments.
An Arkansas federal judge on Tuesday gave a quick win to MidCon Gathering LLC in its defense against a suit brought by a man who alleged he developed a credit facility for the company but wasn’t paid $1.6 million he was owed, ruling he didn’t have the necessary insurance license to carry out the deal.
An Alabama federal judge Tuesday gave his blessing to a bid by Blue Cross Blue Shield plans facing a multidistrict antitrust suit for an immediate appeal of a ruling that bars the health insurer from arguing there were pro-competitive benefits from alleged collaboration between the plans.
A consumer suing Avis Budget Car Rental LLC in a long-running class action over alleged insurance coverage fraud told a Florida federal court on Tuesday that the car rental company’s recent bid to toss the case relied on the “absurd” and contradictory position that she did not have standing to state a claim.
At last month’s U.S. Consumer Product Safety Commission hearing on connected devices and product safety, presenters raised issues ranging from health and privacy concerns to terrorism risks, insurance requirements and product standards. Stakeholders must closely monitor regulatory developments, but also prepare for possible action from Congress, say Heather Capell Bramble and Thomasina Poirot of Venable LLP.
The drafters of the Uniform Electronic Transactions Act had the foresight to create a model electronic signatures and records law that, 19 years later, readily accommodates blockchain-based transactions. Businesses should consider utilizing UETA compliance checklists before proceeding with blockchain transactions or smart contracts, says Brian Casey of Locke Lord LLP.
Stakeholders within the aviation sector will be heavily affected by the reimposition of U.S. sanctions against Iran. With $49 billiion worth of contracts for new aircraft subject to cancellation, and related impacts expected on financiers, lessors and air carriers, the situation continues to evolve very quickly, say Daniel Martin and James Jordan of Holman Fenwick Willan LLP.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.
When asked which firms manage to secure the highest rates clients are willing to pay, legal decision makers keep coming back to the same 31 firms, according to a new report released Wednesday.
Michael Cohen, personal attorney and self-described “fixer” for President Donald Trump, is in need of a new legal team as he splits with McDermott Will & Emery LLP, according to media reports Wednesday.
Paul Weiss Rifkind Wharton & Garrison LLP confirmed it has joined at least two other law firms in catching up to the new associate pay scale and bonus structure put forth this week by Cravath Swaine & Moore LLP.
U.S. law firm LeClairRyan no longer employs its own operational staff, and instead sends all nonbillable work to a joint venture it has formed with law company UnitedLex, in a groundbreaking new arrangement the firm announced Wednesday.
U.S. senators on Wednesday criticized efforts by the federal courts to address sexual harassment and other workplace misconduct by judges, calling a report on the topic released by the administrative body of the federal court system “exceedingly vague” and insufficient.
Dewey & LeBoeuf LLP’s former chief financial officer, who was convicted of fraud, won a bid Tuesday to pause discovery in the U.S. Securities and Exchange Commission’s New York federal suit against him while his criminal case is still on appeal.
A former partner at Eagan Avenatti LLP has asked a California bankruptcy court to turn over the defunct class action firm’s assets to him to satisfy a $10 million judgment — a request that includes payments tied to Michael Avenatti’s representation of Stormy Daniels in her lawsuit against President Donald Trump.