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An insurer for a General Electric unit cannot put shipping company Agility Logistics Corp. on the hook for the costs to inspect a jet engine that Agility failed to transport properly, a New York federal judge ruled Thursday, holding that the insurance company’s suit is barred under an international treaty because the engine was not damaged in transit.
A New York federal judge found Thursday that Liberty Mutual can go forward with a suit seeking indemnification from an exercise device manufacturer it claims sold its policyholder a design for a defective product and left the insurer on the hook for a $650,000 settlement.
The Third Circuit has determined that a former Ace American Insurance Co. vice president must arbitrate his claims he was fired for telling his supervisors the company was destroying documents that might become relevant in litigation, ruling he was bound by an arbitration agreement he signed when he was hired.
The Fifth Circuit on Thursday closed the book on the U.S. Department of Labor’s controversial 2016 fiduciary rule, which required retirement advisers to act in the best interest of clients, issuing a mandate that officially vacates the rule three months after a divided panel invalidated it.
More than half of U.S.-based lawyers anticipate this practice will drive job growth at their firms or companies throughout the second half of 2018, according to a survey released by legal staffing and consulting solutions company Robert Half Legal on Thursday.
Consumers in a class action accusing Pella Corp. of selling leaky windows that cause rot on Wednesday lambasted two parties’ attempt to recoup nearly $5 million in attorneys’ fees from their pending $25 million settlement in Illinois federal court, saying the two should not be rewarded for work that only delayed the suit’s resolution.
Two trade associations for pharmaceutical benefits managers and health insurers have thrown their support behind Anthem Inc. and Express Scripts Inc. in a dispute at the Second Circuit over the companies’ drug pricing, arguing that the companies weren’t acting as fiduciaries when they contracted together.
The U.S. Securities and Exchange Commission on Thursday accused a Pennsylvania insurance agent of running a $1.27 million Ponzi scheme, using funds taken from investors to pay his own expenses instead of putting them in an index fund as he’d promised.
Kutak Rock LLP has nabbed a Philadelphia insurance litigator to bolster the firm’s nationwide litigation practice group, which currently has more than 50 insurance attorneys.
The U.S. Food and Drug Administration recently provided drug and device manufacturers additional flexibility to convey certain types of truthful, nonmisleading product information. These guidance documents address FDA regulation of manufacturer communications, but the FDA still has work to do to complete its comprehensive review of policies in this area, say attorneys at Ropes & Gray LLP.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
A federal judge’s recent decision that AT&T can complete its $85 billion purchase of Time Warner and Disney’s raised bid for parts of 21st Century Fox might have in-house counsel wondering what they’d do if a merger happened at their companies. Here, Law360 looks at how GCs and other in-house attorneys can prepare.
BigLaw firms Shearman & Sterling, Akin Gump, Orrick and Dechert are the latest to increase associate pay in the U.S. to match the scale set last week by Cravath, offering first-year attorneys a $190,000 base salary.
Sen. Jeff Flake, R-Ariz., has become the first Republican to hold up one of President Donald Trump’s judicial picks, blocking the Eleventh Circuit nomination of Georgia Supreme Court Justice Britt Grant for a second time in the Senate Judiciary Committee on Thursday.
The Trump administration’s immigration policy and its effect on the courts were front and center Thursday at a subcommittee hearing of the House Judiciary Committee regarding the pressing need for new federal district and appellate judges.
Gibson Dunn & Crutcher LLP and Foley & Lardner LLP secured the title of top legal lions this week, winning a favorable decision at the U.S. Supreme Court for a Canadian railroad company in a $13.3 million dispute with the IRS, while legal lamb Brann & Isaacson did not fare so well at the same court in a separate tax fight over internet retailers’ duty to collect state sales and use taxes.