Capital One has filed a legal challenge against the Federal Deposit Insurance Corporation (FDIC), questioning the agency’s interpretation of regulations pertaining to uninsured deposits. The charge, fronted by McGuireWoods and Debevoise & Plimpton, centers on a $475 million special assessment that Capital One alleges is the result of a misinterpretation by the FDIC of the…
In a significant legal maneuver, Turkish prosecutors have taken control of the media conglomerate Can Holding, citing allegations of fraud, money laundering, and tax evasion. The authorities issued arrest warrants for ten executives within the company and conducted raids on the residences of key figures including Mehmet Sakir Can, Kemal Can, and Kenan Tekdag. These…
New York is currently embroiled in a contentious debate over the extent to which litigation is impacting the state’s rising insurance costs and broader affordability issues. A report from a consortium of major city employers, which includes influential law firms and banks, claims that the uptick in litigation is significantly driving insurance premiums upward. The…
The ongoing delays in the Boy Scouts of America’s settlement for sexual abuse victims have prolonged the trauma for many individuals, sparking widespread frustration. As reported by Bloomberg Law, these delays have amplified the emotional and financial distress experienced by survivors who expected resolution more than a year after filing their claims. Initially, the Boy…
In recent developments involving the law firm McCarter & English LLP, two insurance companies are seeking judicial approval to file a belated request for summary judgment on breach of contract claims. This request follows a lawyer’s deposition that allegedly left no factual disputes on these claims, creating a significant point of contention in the case….
In a significant development for gun regulation, the Third Circuit Court of Appeals upheld a majority of New Jersey’s restrictive gun laws, a legal response to the 2022 Supreme Court decision that invalidated discretionary concealed carry laws. This decision, issued Wednesday, permits New Jersey to designate specific areas as “sensitive places” where firearms are prohibited….
A jury recently found that State Farm breached its contract obligations to pay the actual cash value of totaled vehicles, marking a significant outcome in consumer protection litigation. The class-action lawsuit, led by Brian Glasser of Bailey Glasser, highlighted the critical role of collective legal action. Glasser emphasized that class actions were crucial for consumers…
Frost Brown Todd has strategically expanded its presence in Columbus by hiring Danyelle S.T. Caron, a seasoned insurance industry attorney, from Liberty Mutual. Caron, who previously held a significant role at Liberty Mutual, brings with her extensive experience in dealing with complex insurance-related legal matters. This move by Frost Brown Todd underscores their commitment to…
In a strategic move to bolster its presence in the Pacific Northwest, the UK-based law firm Kennedys has successfully attracted an eight-member team specializing in insurance and litigation from Bullivant Houser Bailey PC to its Seattle office. This announcement comes less than a year after Kennedys established its Seattle branch, signaling a clear intent to…
The conclusion of numerous classification lawsuits against Uber over recent years leaves a complex legacy, characterized by sharply divergent perspectives on who ultimately prevailed. On one hand, Uber maintains that the autonomy of drivers has consistently triumphed. As highlighted by a lawyer representing Uber, the “independence of drivers is winning” in these legal battles. Many…
In a recent hearing, a Johnson & Johnson subsidiary presented arguments to a panel in the Third Circuit regarding the anticipated challenges if Cigna were to introduce a “private label” version of the anti-inflammatory medication, Stelara. The pharmaceutical giant contends that such a move could drastically shift the market dynamics, particularly if pharmacies begin to…
In a notable move reinforcing its commitment to expanding expertise in professional liability, Gordon Rees Scully Mansukhani LLP recently announced the addition of esteemed attorney Charles J. Young to its Raleigh office. Young, a seasoned practitioner in professional liability matters, brings a wealth of experience to the national law firm known for its comprehensive legal…
In a striking development within the realm of auto tort litigation, a Clayton County State Court jury delivered a $5 million verdict against insurance providers who refused a $1 million policy limits demand. The legal teams from The Cochran Firm, The Dennis Law Firm, and The Law Office of Rachel St. Fleur orchestrated this outcome…
The Tenth Circuit is set to engage in a crucial legal discussion concerning the IRS and microcaptive insurance schemes, a contentious issue in tax law. Microcaptive insurance arrangements have been under IRS scrutiny for their potential to be used as tax shelters, posing challenges for businesses utilizing these strategies. Microcaptive insurance arrangements typically involve small…
This week in London, the legal landscape saw significant activity with notable cases unfolding across various sectors. Noteworthy among them is the legal battle involving prominent professional boxing promoter, Boxxer. The company has initiated litigation against the former head of boxing at Matchroom Sport. The case centers around allegations of contractual breaches, potentially impacting the…
This week in London’s legal scene has witnessed some notable disputes capturing attention. One key legal battle involves professional boxing promoter Boxxer, which has initiated proceedings against the former head of boxing at Matchroom Sport. The litigation is centered on allegations of contractual breaches and competition issues in the highly competitive world of sports promotion….
The National Law Journal and Law.com have announced the shortlist for the 2025 Elite Trial Lawyers Awards, recognizing law firms and attorneys who have demonstrated exceptional performance in high-stakes litigation and innovative legal strategies over the past year. The winners will be revealed at an awards ceremony scheduled for July 10, 2025, at the JW…
The complexities of privacy insurance policies are becoming increasingly significant for businesses operating in California, particularly in light of the state’s rigorous consumer privacy laws. Companies need to pay attention to potential loopholes that could undermine the intended coverage provided by these insurance policies. The latest insights reveal that many policies may not fully cover…
The Eighth Circuit Court of Appeals recently vacated a notable $6 million prejudgment interest on a $27 million jury verdict against Travelers Insurance Co., a decision that underscores the complexities involved in insurance litigation. The case originated from a dispute between Travelers and Maxus Metropolitan, a large apartment complex that alleged vexatious refusal to pay…
In a critical hearing for the cryptocurrency industry, the founders of Rhodium, a leading firm in crypto mining, defended their pursuit of payouts from the company’s directors and officers (D&O) insurance policy amid their Chapter 11 bankruptcy proceedings. This legal move aims to provide coverage for possible personal liabilities, as Rhodium navigates a complex restructuring…
Prince Lobel Tye LLP has strategically expanded its legal team in Boston by welcoming an accomplished cybersecurity attorney as a partner. With over 20 years of experience, this seasoned professional joins after serving more than a decade in-house at John Hancock, one of the leading insurance companies. The addition reflects Prince Lobel’s commitment to bolstering…
The ongoing legal battle involving Publix Super Markets Inc. and alleged opioid-related claims has taken a significant turn as an insurance trade group has thrown its support behind insurance carriers in an appeal. The appeal concerns coverage issues related to opioid litigation claims made against Publix by governmental entities. This development is pivotal as it…
In a recent development within the corporate restructuring landscape, a Texas bankruptcy lawyer is vigorously contesting attempts to have her removed from her role as the wind-down trustee for GWG Holdings, a former life insurance bond provider. The controversy stems from her alleged involvement in a judicial ethics and romance scandal. Despite the gravity of…
The insurance sector is confronting a complex legal debate as a prominent insurer seeks declaratory judgment against a crematory mired in controversy. The crematory is accused of improperly storing more than 100 bodies, spotlighting a grim scenario that could redefine insurance liabilities and responsibilities in the funeral industry. This legal action underscores the insurer’s attempt…
Allianz Life Insurance Company of North America is facing a series of class action lawsuits following a significant data breach that compromised the personal information of approximately 1.1 million U.S. customers. The breach, which occurred on July 16, 2025, involved unauthorized access to a third-party, cloud-based customer relationship management (CRM) system through social engineering tactics….