United States Archives - Page 303 of 314

Scruggs In The News – Special Prosecutors Appointed to Prosecute Scruggs on Criminal Contempt Charges

Aug 13, 2007 | Catastrophe Claims, Coverage & Claims | United States

As previously reported here, a Northern District of Alabama judge recently asked federal prosecutors to charge Mississippi plaintiff’s attorney Richard “Dickie” Scruggs with criminal contempt. It is alleged that Scruggs violated a preliminary injunction issued in December 2006, which ordered him to turn over all documents secretly copied by two whistleblowers, Corgi Rigsby Moran and Kerri Rigsby.

Tellabs Applied: Discounting Allegations Made By “Confidential Witnesses”

Aug 10, 2007 | D&O Liability | United States

The United States Court of Appeals for the Seventh Circuit recently affirmed dismissal of a securities class action complaint based on the PSLRA pleadings standard clarified by the United States Supreme Court in Tellabs.

Court Awards $8,490,666 In Damages, Including $6,000,000 In Punitive Damages, In Bad Faith Action Involving Policy With A $100,000 Limit

Aug 10, 2007 | Coverage & Claims, Extra-Contractual Liability | United States

In a bad faith case involving wrongful denial of coverage of a wrongful death suit, a Pennsylvania Court awarded the policyholder’s assignee $8,490,666 in damages, despite the fact that the policyholder had pled guilty to voluntary manslaughter.

Third Circuit Revives Vioxx Derivative Suit Against Merck

Aug 10, 2007 | D&O Liability, New Jersey Developments, Product Liability | United States

The Third Circuit Court of Appeals recently ruled that the New Jersey federal district court improperly dismissed derivative claims against certain of Merck & Co.’s officers and directors.

No Right To New York Review Of Arbitration Decision Under Bermuda Form Arbitration Clause

Aug 10, 2007 | Arbitration | Bermuda, United Kingdom, United States

A recent ruling from the English Commercial Court illuminates one risk with the use of the Bermuda form arbitration clause: if the losing party is dissatisfied with the arbitration result, it may not be permitted to challenge the result under New York law in a New York court, but may instead be limited to challenging the arbitration award under English law in English court.

Exon-Florio Reviews Amended by the U.S. Foreign Investment and National Security Act of 2007

Aug 10, 2007 | Federal Legislative Developments, Regulatory | United States

Effective October 26, 2007, the U.S. Foreign Investment and National Security Act of 2007 (“FINSA”) will amend the Exon-Florio review process to place more scrutiny on foreign acquisition of U.S. companies. FINSA was prompted by national security concerns that arose after the proposed acquisitions of U.S. ports by a Dubai-owned company and of UNOCAL by China.

Marsh Seeks to Amend 2004 Settlement to Allow New Fees

Aug 9, 2007 | New York Developments, Regulatory | United States

It was widely reported this week that insurance broker Marsh & McLennan Cos. is attempting to amend its landmark 2004 settlement with insurance regulators and the New York State Attorney General’s Office that required it to give up so-called contingent commissions.

Massachusetts: Excess Insurers Not Bound To Follow The Settlement Decisions Made By A Primary Carrier

Aug 8, 2007 | Coverage & Claims, Massachusetts Developments | United Kingdom, United States

In a case of first impression, the Massachusetts Supreme Judicial Court (“SJC”) ruled on August 6, 2007 that a “follow-form” excess liability insurer is not bound by the decision of a primary insurer to settle a claim.

The Brocade Options Backdating Trial: Reyes Found Guilty on All Counts

Aug 8, 2007 | Coverage & Claims, D&O Liability | United States

On Tuesday, August 7, 2007, after more than a week of deliberations, the jury in the criminal trial of ex-Brocade CEO Greg Reyes returned a guilty verdict.

Massachusetts Mandatory Health Insurance

Aug 8, 2007 | Healthcare, Massachusetts Developments, Regulatory | United States

On April 12, 2006, Massachusetts Governor Mitt Romney signed a health care bill, known as “An Act Providing Access to Affordable, Quality, Accountable Health Care (the “Act”)”, into law.

Jurisdiction: United States

Scruggs In The News – Special Prosecutors Appointed to Prosecute Scruggs on Criminal Contempt Charges

Tellabs Applied: Discounting Allegations Made By “Confidential Witnesses”

Court Awards $8,490,666 In Damages, Including $6,000,000 In Punitive Damages, In Bad Faith Action Involving Policy With A $100,000 Limit

Third Circuit Revives Vioxx Derivative Suit Against Merck

No Right To New York Review Of Arbitration Decision Under Bermuda Form Arbitration Clause

Exon-Florio Reviews Amended by the U.S. Foreign Investment and National Security Act of 2007

Marsh Seeks to Amend 2004 Settlement to Allow New Fees

Massachusetts: Excess Insurers Not Bound To Follow The Settlement Decisions Made By A Primary Carrier

The Brocade Options Backdating Trial: Reyes Found Guilty on All Counts

Massachusetts Mandatory Health Insurance

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