In the evolving landscape of litigation finance, After-the-Event (ATE) insurance is emerging as a significant tool that litigants might be overlooking at their own peril. ATE insurance provides coverage for the legal costs in the event that their case is unsuccessful. This type of insurance not only mitigates financial risk but also enhances access to…
As the 25th anniversary of the September 11, 2001 terrorist attacks approaches, the U.S. Supreme Court is once again poised to grapple with the legal ramifications that have echoed over the past two decades. Since May, three petitions linked to the 9/11 attacks have been submitted for the Court’s review. Two revolve around the federal…
In a strategic move reflecting its adaptability to the evolving regulatory landscape, DLA Piper has appointed Gary Anderson as a partner in its Boston office. Anderson’s addition comes at a pivotal time, as the insurance sector faces heightened scrutiny from regulatory bodies globally. Before joining DLA Piper at the beginning of September, Anderson served as…
Lewis Brisbois Bisgaard & Smith LLP, a prominent name in the legal industry, recently experienced a significant departure with 29 auto defense professionals leaving to join Womble Bond Dickinson LLP. This shift comes as Womble seeks to bolster its national insurance defense practice with a robust team experienced in handling litigation cases tied to automotive…
Troutman Pepper Hamilton Sanders LLP has strategically expanded its insurance sector capabilities by bringing onboard Michael G. Lebovitz, an insurance lawyer previously with Mayer Brown. Lebovitz joins the firm’s New York office as a partner, enhancing their practice with his extensive experience in complex insurance transactional and regulatory matters. His move is part of Troutman…
Former President Donald Trump has engaged a new team of attorneys from the prestigious law firm Sullivan & Cromwell to represent him in the ongoing New York fraud litigation. This legal battle stems from allegations made by New York Attorney General Letitia James, accusing Trump and his business of inflating asset values in financial statements…
FedEx is facing pushback from a New York personal injury firm and several healthcare providers who have challenged the delivery giant’s allegations of insurance fraud. Accusations leveled by FedEx claim that these entities orchestrated a scheme to fabricate medical records and inflate accident claims, but the defendants argue that these claims are implausible and unsupported….
An Illinois appellate court has determined that a nursing home’s use of hand scans for employee timekeeping falls under the purview of the state’s Biometric Information Privacy Act (BIPA). The court concluded that such data does not qualify for the healthcare exemption outlined in the statute. The case centers on the Estates of Hyde Park,…
Harris Beach PLLC has made a significant move in the New England legal market by completing its combination with Peabody & Arnold LLP. This strategic expansion brings nearly 40 attorneys and 25 professionals into Harris Beach, effectively doubling the firm’s footprint in Boston. The transition marks a decisive step for Harris Beach as it eyes…
In a legal dispute involving the insurance software industry, a federal judge in Chicago has made a significant ruling, partially trimming claims against a rival company accused of establishing a fake insurance entity to misappropriate trade secrets. Notably, the court decided to dismiss some allegations while upholding others, which involved claims of trade secret misappropriation…
Simpson Thacher & Bartlett LLP and Cravath, Swaine & Moore LLP have emerged as key legal advisors in Aon plc’s significant acquisition of USI Insurance Services from the private equity firm KKR & Co. Inc. The deal, valued at approximately $17 billion, marks one of the largest transactions in the insurance brokerage industry in recent…
The advent of artificial intelligence in the legal sector has brought with it a wave of innovation and, inevitably, a set of complex challenges that demand immediate attention. One such challenge is causing a stir: the ambiguity surrounding the definition of the “practice of law,” highlighted by issues related to legal AI insurance. As legal…
In an unexpected development, KKR, the prominent global investment firm, announced that it expects its external legal counsel to cover the full cost of a $250 million penalty imposed by the U.S. Department of Justice (DOJ). This penalty arises from a settlement relating to alleged regulatory violations. The notable law firms involved in advising KKR…
Vantage Group Holdings Ltd. has appointed Lucy Fato as its new General Counsel, marking a significant addition to its leadership team. Fato will serve as a strategic advisor to Executive Chairman Marc Grandisson, succeeding Bobbi Anderson, who has stepped down from the role. ([stocktitan.net](https://www.stocktitan.net/news/HHH/vantage-announces-appointment-of-lucy-fato-as-general-4oz2uyqn0t8k.html?utm_source=openai)) Fato brings over three decades of experience in legal, compliance, regulatory,…
The outcome of a recent case involving trade secrets and breach of contract has left legal professionals pondering the implications of nominal damages in complex commercial litigation. A Chicago-based captive insurer secured a favorable judgment against a former business partner for trade secret misappropriation and breach of contract claims. Interestingly, despite the court acknowledging the…
Riker Danzig Scherer Hyland & Perretti LLP has strategically expanded its insurance and reinsurance group by hiring an esteemed general counsel from MSIG North America, a significant branch of Japan’s MS&AD Insurance Group. This move is seen as an enhancement of Riker Danzig’s capabilities in handling complex insurance matters. The newly appointed attorney brings a…
Riker Danzig Scherer Hyland & Perretti LLP, a prominent law firm known for its comprehensive legal services, has recently strengthened its capabilities by hiring an attorney from MSIG North America. This strategic move adds significant clout to their insurance practice, enhancing their already robust lineup of legal experts. The attorney, who served in a notable…
In a move that could reshape the landscape of consumer pricing, the Federal Trade Commission (FTC) is considering measures to curb personalized pricing. This practice allows businesses to use personal data to tailor prices to individual consumers, optimizing profit based on perceived willingness to pay. Critics, however, warn that such regulatory action might inadvertently lead…
In the legal world, transitions between in-house positions and private practice can offer fresh perspectives and strategic advantages to law firms. In a recent development, Bill LeSuer, formerly serving as a senior counsel at Kemper Corporation, has rejoined the ranks of Troutman Pepper’s Chicago office. His return marks a notable shift, reflective of broader trends…
Goldman Sachs has secured an agreement to acquire LCN Capital Partners, marking a significant expansion into the real estate sector. This acquisition aims to position Goldman as a hands-off landlord by leveraging LCN’s expertise in investing in properties rented out on long-term leases. LCN, known for its $4 billion assets under management, specializes in sale-leaseback…
Holland & Knight LLP is required to face adversary claims in Houston bankruptcy court following a Texas federal judge’s decision. The trustee for GWG Holdings Inc., a bankrupt life insurance bond seller, successfully argued that the law firm and one of its attorneys were involved in a racketeering conspiracy with the company’s former chairman. This…
An insurance company is not obliged to provide a defense to an apparel company in its ongoing trademark battle with Adidas, according to a recent ruling by a California federal judge. The court determined that the claims against the company were excluded from coverage due to the “prior publication” clause, a component often found in…
In a legal development regarding the liability for wildfires in California, a judge has tentatively declined to hold Southern California Edison liable for a major wildfire that devastated parts of Los Angeles. The legal case focuses on the 2018 Woolsey Fire, which destroyed thousands of structures and led to several deaths. The decision marks a…
Maynard Nexsen has strategically bolstered its presence in Texas by hiring an expert in health insurance law. This move marks another step in the firm’s ongoing expansion efforts, particularly within the health sector. The newly added professional brings extensive experience in handling complex issues related to health insurance, a field that is rapidly evolving due…
In a significant decision, the Delaware Superior Court has ruled that an excess insurer is obligated to provide up to $5 million in coverage for a financial services company’s arbitration. The case involved allegations that employees misappropriated trade secrets from their previous employer. The court concluded that the arbitration was not linked to any disputes…