United States Archives - Page 295 of 314

Rhode Island Proposes That Paint Makers Fund a $2.4 Billion Lead Abatement Plan

Oct 4, 2007 | Industry Developments, Product Liability, Regulatory | United States

Following a Rhode Island jury’s verdict in 2006 that three manufacturers of lead paint created a public nuisance when they manufactured and sold the paint, the state’s Attorney General, Patrick C. Lynch, has filed a plan to abate lead in houses and buildings in Rhode Island.

Investors Representing $1.5 Trillion in Assets Call upon the SEC to Require Full Corporate Climate Risk Disclosure

Oct 3, 2007 | Climate Change, Florida Developments, Regulatory | United States

On September 18, 2007, a broad coalition of large institutional investors, state officials and environmental groups filed a petition for interpretive guidance with the U.S. Securities and Exchange Commission titled Request for interpretive guidance on Climate Risk Disclosure, No. 4-547.

Florida State Court Denies Defendant Insurance Brokers’ and Insurers’ Motions to Dismiss Insured’s Complaint Alleging Anticompetitive Behavior Finding, In Part, That McCarran-Ferguson Act Does Not Bar Claim

Oct 3, 2007 | Antitrust | United States

On September 24, 2007, the Hon. Judge Kenneth Stern issued an Order denying defendants’ (insurance brokers and insurers) motion to dismiss an insured’s second amended complaint (the “Complaint”).

Judge Dismisses Federal RICO Claims in Insurance Brokerage Antitrust Case

Oct 3, 2007 | Antitrust | United States

In a 73-page exhaustive treatment of RICO pleading standards, Chief Judge Brown of the District of New Jersey dismissed with prejudice the federal RICO claims levied by putative class plaintiffs against most of the nation’s large insurers and insurance brokers.

BREAKING NEWS: Prudential Sues State Street Over Mortgage Related Losses

Oct 2, 2007 | Coverage & Claims, Subprime/Credit Crisis Developments | United States

Prudential Financial, Inc. announced yesterday that one of its subsidiaries has filed a lawsuit against State Street & Trust Corp. and State Street Global Advisors over losses allegedly suffered by Prudential clients in two bond funds managed by State Street. The suit accuses State Street of “radically” changing its investment strategies for the two funds without disclosing those changes to Prudential or its clients.

House of Representatives Passes Bill to Amend NFIP

Oct 2, 2007 | Catastrophe Claims, Federal Legislative Developments, Regulatory | United States

Last week, the House of Representatives voted 263-146 to approve the Flood Insurance Reform and Modernization Act of 2007 (H.R. 3121), which, among other things, would allow homeowners to purchase windstorm coverage from the National Flood Insurance Program (“NFIP”).

The Flurry of Katrina-Related Filings Before the Statute of Limitations Passed

Oct 1, 2007 | Catastrophe Claims, Coverage & Claims | United States

August 29 was the last day that Louisiana residents could file lawsuits against their insurers alleging that their insurers did not properly adjust, or pay, their Hurricane-Katrina related claims. Louisiana had previously extended the time in which parties had to file lawsuits arising out of Katrina-related damage, on property claims from one to two years.

Hip And Knee Replacement Manufacturers Agree To Pay $310 Million To Avoid Criminal Prosecution And Civil Suits For Alleged Kickback Arrangements With Doctors

Sep 28, 2007 | Coverage & Claims, Product Liability | United States

Christopher Christie, U.S. Attorney for the District of New Jersey, yesterday announced a settlement with four major hip and knee replacement manufacturers that allows the companies to avoid criminal prosecution and civil suits arising from alleged kickback relationships with orthopedic surgeons.

West Virginia’s Recent Rejection of The Learned Intermediary Doctrine In The Pharmaceutical Context May Apply Equally To Medical Device Claims

Sep 28, 2007 | Coverage & Claims, Product Liability | United States

As previously reported here, the Supreme Court of Appeals of West Virginia has specifically declined to adopt the learned intermediary doctrine. Johnson & Johnson Corp. v. Karl, No. 33211 (W.Va. June 27, 2007). The Court reasoned that the healthcare industry has changed and that pharmaceutical manufacturers “are pushing their products onto the public like never before.”

Solicitor General Comes Out In Favor Of Non-Issuer Defendants In Securities Class Action Case

Sep 28, 2007 | Coverage & Claims, D&O Liability | United States

Last month, Solicitor General Paul D. Clement filed an amicus brief with the United States Supreme Court siding with non-issuer defendants in a securities class action case. The case, entitled Stoneridge Investment Partners v. Scientific-Atlanta, No. 06-43 (U.S. Sup. Ct.), involves securities class action claims brought by shareholders against two third-party suppliers based on certain transactions between those suppliers and the issuer, Charter Communications, Inc. (“Charter”).

Jurisdiction: United States

Rhode Island Proposes That Paint Makers Fund a $2.4 Billion Lead Abatement Plan

Investors Representing $1.5 Trillion in Assets Call upon the SEC to Require Full Corporate Climate Risk Disclosure

Florida State Court Denies Defendant Insurance Brokers’ and Insurers’ Motions to Dismiss Insured’s Complaint Alleging Anticompetitive Behavior Finding, In Part, That McCarran-Ferguson Act Does Not Bar Claim

Judge Dismisses Federal RICO Claims in Insurance Brokerage Antitrust Case

BREAKING NEWS: Prudential Sues State Street Over Mortgage Related Losses

House of Representatives Passes Bill to Amend NFIP

The Flurry of Katrina-Related Filings Before the Statute of Limitations Passed

Hip And Knee Replacement Manufacturers Agree To Pay $310 Million To Avoid Criminal Prosecution And Civil Suits For Alleged Kickback Arrangements With Doctors

West Virginia’s Recent Rejection of The Learned Intermediary Doctrine In The Pharmaceutical Context May Apply Equally To Medical Device Claims

Solicitor General Comes Out In Favor Of Non-Issuer Defendants In Securities Class Action Case

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