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The United States government appears to have conceded that a complete dismissal of indictments against 12 former KPMG partners is the only appropriate remedy in light of an earlier ruling that federal prosecutors violated the defendants’ constitutional rights.  The action, U.S. v. Stein, No. 05 Crim. 0888 (S.D.N.Y.), stems from allegations that KPMG employees participated in a scheme to defraud the IRS by creating fraudulent tax shelters for wealthy clients. 

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Read More Federal Prosecutors Hint at Appeal of KPMG Defense Costs Decision

In R&Q Reins. Co. v. Rapid Settlements, Ltd., and Gwendolyn Sands Brown, No. 06-14329 (S.D. Fla. May 14, 2007), R&Q Reinsurance Company (“R&Q”) was obligated to make periodic payments to an underlying insured, Gwendolyn Brown (“Brown”), under the terms of a structured settlement agreement entered into to resolve a personal injury claim. 

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Read More FAA’s Time Limitations Do Not Apply to Non-Party to Arbitration Agreement

In an effort to defeat plaintiffs’ claims for a third — and hopefully final — time, insurer and broker defendants recently filed motions to dismiss the Second Consolidated Amended Class Action Complaints filed in In re Insurance Brokerage Antitrust Litigation, Civil Action No. 04-5184, MDL 1663 (D.N.J.) (GEB) (“MDL 1663”). 

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Read More Motion to Dismiss Filed in Brokerage Antitrust Litigation

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. 

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Read More Scruggs In the News – Criminal Contempt Charges and Filing of a RICO Civil Action against State Farm

Princeton Insurance Company recently agreed to pay $20 million to settle a bad faith claim related to a dram shop lawsuit brought against their insured.  In the underlying lawsuit, a highway construction flagman sued Princeton’s insured, a tavern, after he was struck by a car driven by the tavern’s patron. 

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Read More Princeton to Pay $20 Million to Settle Bad Faith Claim