LexisNexis® Legal Newsroom
    Greenberg's Co. Asks High Court To Hear AIG Bailout Row

    The company led by former American International Group Inc. CEO Maurice "Hank" Greenberg urged the U.S. Supreme Court to review an appeals court’s decision that found the firm lacked standing to pursue claims against the federal government over the 2008 bailout of AIG, saying the decision amounts to an “egregious injustice.”

    Trump Admin Fights Dem AGs' Bid To Restore ACA Subsidies

    The Trump administration on Friday urged a California federal judge not to quickly restore funding for Affordable Care Act subsidies that reduce copays and deductibles, arguing that a new lawsuit from Democratic attorneys general is procedurally improper.

    Mercury Takes Calif. Insurance Rate Fight To Supreme Court

    Mercury Casualty Co. and insurance trade groups urged the U.S. Supreme Court to intervene in a legal fight against California’s insurance commissioner, arguing that the California Court of Appeal wrongly ruled that government rate regulations are "constitutionally confiscatory" only if they create financial distress.

    Stop-Gap Policy Covers Worker's Claim, W.Va. Justices Say

    West Virginia’s highest court found Thursday that First Mercury Insurance Inc. owes a defense to Kimes Steel Inc. in an underlying suit over a steelworker’s mangled hand, affirming a lower court’s decision that the exclusion in a stop-gap policy the insurer relied on to deny the claim was ambiguous and therefore void.

    HHS Looks To Dodge $1.5B Pharmacy Antitrust Suit

    The U.S. Department of Health and Human Services on Friday said that it should not have to face a $1.5 billion antitrust lawsuit brought against Chicago pharmacies, saying that no claims in the suit even mention the department, according to a filing in Illinois federal court.

    Mass. Hospital Double-Booked Surgeries, Whistleblower Says

    A former Massachusetts General Hospital anesthesiologist on Thursday told a federal judge that she's sufficiently shown in her qui tam suit that the hospital violated the False Claims Act when double-booking surgeries, even though she hasn't been able to provide a specific bill charging the government for those patients. 

    Texas Justices OK Atty's Disbarment For Fake Crash Scam

    The Texas Supreme Court on Friday sided with the state bar's Board of Disciplinary Appeals in its decision to disbar a Houston attorney who pled guilty to participating in a criminal organization that fabricated a car crash and accompanying medical bills, rejecting the attorney's bid for judicial review.

    NY Commercial Division Rule Changes Promote ADR Use

    Recent rule changes in the Commercial Division of the Supreme Court of New York are the latest of several efforts made to foster greater use of mediation and to institutionalize alternative dispute resolution, says Christopher Palermo, a litigation partner at Bleakley Platt & Schmidt LLP who serves on the Commercial Division Advisory Council.

    5 Key Insurance Questions For Wineries Hit By Wildfires

    As northern California wineries look to recover from devastating October wildfires that scorched a wide swath of the state’s famed Napa and Sonoma wine country, they will face a host of insurance issues, including whether coverage is available for smoke-tainted grapes and how much they can recover for business interruption.

    Undertaking Property Repair Or Replacement As An Insurer

    Out of the options that property insurers have when it comes to paying for damaged property, perhaps the riskiest option is opting to undertake repair or replacement of the property. Insurers must carefully evaluate their potential liability, which may outweigh the marginal savings, says Brian Devilling of Foran Glennon Palandech Ponzi & Rudloff PC.

    Dems Float Bills To Roll Back HHS' ACA Contraception Rules

    Dozens of Democratic lawmakers on Thursday introduced bills in the U.S. Senate and House of Representatives that would roll back the Trump administration’s recent rules allowing employers to claim religious or moral objections to the Affordable Care Act’s contraception mandate.

    UK Court Of Appeal Nixes Challenge To FCA's PPI Deadline

    A U.K. claims management firm has exhausted its attempts to bring a judicial review challenging the Financial Conduct Authority’s decision to impose a 2019 deadline on customers bringing new claims for missold payment protection insurance, the regulator said on Friday.

    Taxation With Representation: Skadden, Sullivan, Wachtell Lipton

    In this week’s Taxation With Representation, Assurant shelled out $1.9 billion for The Warranty Group, Siris snapped up Synchronoss for $1 billion, Aramark acquired Avendra and AmeriPride for $2.35 billion, and Impax and Amneal combined to create a $1.75 billion generics maker, the nation’s fifth-largest.

    FCA Reveals Success In 'Regulatory Sandbox' Project

    About 90 percent of the firms accepted into Britain’s pioneering regulatory testing program have successfully made it to a market launch phase, the Financial Conduct Authority said on Friday.

    Watchdog Updates Guidance After EU Moves To Cut Red Tape

    Europe’s securities regulator announced on Friday that it has updated its guidance on the EU’s prospectus rules, bringing it in line with recent revisions that cut the red tape financial institutions face when they issue debt and equity securities to investors.

    City Losing Patience With Brexit Stalemate, Lobby Warns

    London's financial community warned on Friday that businesses will accelerate their contingency plans unless a Brexit transition deal is reached soon, as a lobby group called stalled talks between the bloc and the U.K. "damaging" and disappointing.

    Insurers Seek Delay On Implementing EU Insurance Rules

    A leading insurance lobby urged the Financial Conduct Authority on Friday to delay sweeping insurance reforms for more than seven months to guarantee that they take effect in Britain on the same date as the rest of Europe.

    How Arbitrators Maintain Proportionality In Discovery

    There has been much discussion of discovery proportionality in federal litigation since the December 2015 changes to Civil Rule 26. But arbitrators have long used procedures to simplify the discovery process that courts have only recently begun to adopt, says attorney and arbitrator Richard Seymour.

    Treasury Committee To Examine Economic Effects Of Brexit

    An influential government panel is to probe the potential economic impact of the U.K. crashing out of the European Union with no deal in place and how it would affect financial services and other sectors, it was announced Friday.

    Judge Rules QBE Not Liable For Clients' Bad Investment Tips

    The European arm of Australian insurer QBE cannot be held liable for around £200,000 ($263,700) it allegedly owed to two pension scheme trustees under a professional indemnity insurance policy it had with a collapsed financial adviser found to have provided negligent investment advice, a High Court judge ruled Thursday.

    UK Watchdog Attempts To Ease Fears Over Enforcement, Brexit

    The Financial Conduct Authority said on Friday it is committed to improving the way it communicates with the firms it targets during and after regulatory investigations.

    EIOPA Clarifies Insurers' Reporting Duties For New Rulebook

    Europe’s top insurance regulator has issued its latest clarifications for insurers on how they should report data to watchdogs under Solvency II, the European Union’s formidable capital rulebook.

    Lloyd's Insurers Demand 'Passports' To Help Dodge Brexit

    London insurers have urged the U.K government to urgently negotiate to preserve passporting rights for hundreds of thousands of cross-border insurance policies, which will otherwise lose their legal standing after Brexit.

    Benefits Co. Rips Injunction Bid In $1.5B Antitrust Suit

    Benefits manager Prime Therapeutics blasted a Chicago neighborhood pharmacy’s request for an injunction in Illinois federal court Thursday amid a $1.5 billion antitrust lawsuit against it and Walgreens, arguing the pharmacy had no grounds to force it to do business with it.

    Bipartisan Health Care Bill Gets More Senate Support

    A bipartisan, short-term health care bill gained more support Thursday from two dozen senators, as they have pushed for swift passage of a deal to stabilize the Affordable Care Act's individual markets before the end of the year.