LexisNexis® Legal Newsroom
Virginia Joins In Probe Of Bank Of New York Mellon

RICHMOND, Va. - (AP) The Virginia state attorney general's office Friday said it is looking into a whistleblower lawsuit that accuses Bank or New York Mellon of overcharging the state's pension funds by using "false exchange rates." The lawsuit, which seeks damages of more than $150...

McCarter and English LLP on the Virginia Court’s Narrow Reading of “Proximate Cause” Allegations in a Complaint Is Contradicted by a California Court’s Reading of the Same Complaint

By Adam J. Budesheim, Associate, McCarter & English, LLP In AES Corp. v. Steadfast Insurance Co. , 725 S.E.2d 532 (Va. 2012), the Supreme Court of Virginia became the first ultimate appellate court to rule on whether general liability policies cover global warming injuries. The Virginia court...