In a class action lawsuit brought by various auto body shops and the Auto Body Association of Connecticut, a Connecticut jury recently rendered a $14.7 million verdict against an insurance company for allegedly violating the Connecticut Unfair Trade Practices Act, Conn. Gen. Stat. §42-110a et seq. (“CUTPA”).
UK: Anti-Suit Injunctions
By Troutman Pepper Locke on
Posted in Arbitration, United Kingdom
Shashoua and another v. Sharma [2010] EWCA Civ 15 concerned an application to the Court of Appeal by Sharma for permission to appeal a procedural aspect of the High Court’s decision in (1) Roger Shashoua (2) Rodemadan Holdings Ltd (3) Stancroft Trust Ltd v Mukesh Sharma [2009] EWHC 957 (Comm) (previously blogged here).
Broad New FTC Guidelines for Endorsements and Testimonials Create Risks for Manufacturers, Advertisers, Bloggers and Others
By Troutman Pepper Locke on
New revised Federal Trade Commission (FTC) guidelines for advertisements containing endorsements or testimonials focus attention on “new media” as an advertising venue. The guidelines require transparency and disclosure of any material relationship between the manufacturer and the endorser or poster.
SEC Tightens Custodial and Audit Requirements for Registered Investment Advisers who Control Client Assets
By Troutman Pepper Locke on
If you are a registered investment adviser who – directly or indirectly – has authority to obtain possession of client funds or securities (“custody”), the SEC has increased your compliance burden beginning March 12, 2010.
Connecticut Superior Court Held that Insurer Was Not Required to Provide Underinsured Motorist Coverage for Insured’s Family Member
By Troutman Pepper Locke on
A Connecticut Superior Court recently awarded summary judgment in favor of an insurer on the basis that an insured’s family member who resides in the insured’s household is not entitled to underinsured motorist benefits if they are similarly not entitled to liability coverage under the family member’s policy. …
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Connecticut Trial Court Holds That “General Business Practice” Element of an Unfair Settlement Practice Claim Requires Multiple Acts of Misconduct Against Multiple Insureds
A Connecticut trial court recently held that the “general business practice” element of an unfair settlement practice claim under the Connecticut Unfair Insurance Practices Act, Conn. Gen. Stat. §38a-816(6) (“CUIPA”) requires that a plaintiff prove multiple unfair practices by an insurer against more than one insured. …
Read More Connecticut Trial Court Holds That “General Business Practice” Element of an Unfair Settlement Practice Claim Requires Multiple Acts of Misconduct Against Multiple Insureds
EAPD Complimentary Webinar: Local Issue / National Challenge: March 1 Massachusetts Data Security Requirements (February 11, 2010)
By Troutman Pepper Locke on
Posted in Privacy/Data Security/Cyber Risk
The Privacy and Data Protection Group of Edwards Angell Palmer & Dodge is holding a 60 minute complimentary webinar entitled “Local Issue/National Challenge: March 1 Massachusetts Data Security Requirements” on February 11, 2010 at 12:00 p.m.
PLUS D&O Symposium Day 2: Afternoon Session II
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This session’s panel provided insight into the policyholder’s expectations with regard to the scope of coverage being purchased and claims handling. The panel discussed in detail what policyholders expect from their brokers and their insurers at the procurement stage, including during coverage negotiations and setting the broker’s fee, and also in the event of a claim.
PLUS D&O Symposium Day 2: Afternoon Session I
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This session’s panelists discussed the Canadian D&O industry. The panel provided an in-depth discussion of the Canadian judicial system, Canadian procedure for certifying class actions, and Canadian securities law.
PLUS D&O Symposium Day 2: Luncheon Speaker Kenneth Feinberg
By Troutman Pepper Locke on
Posted in D&O Liability, United States
During a candid discussion about his role as the federal government’s compensation czar, keynote speaker Kenneth Feinberg described his role in setting executive compensation for institutions that received substantial TARP funds. Though Mr. Feinberg agrees that, to an extent, his work is a “sideshow,” he made a compelling case that the true impact of his work has less to do with the companies that are subject to his mandate and more to do with those entities that voluntarily adopt his approach to executive compensation.
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