LexisNexis® Legal Newsroom
On the Importance of Reading the Fine Print in Excess D&O Policies

Peter M. Gillon, Partner, Pillsbury Winthrop Shaw Pittman LLP A recent ruling by the United States Court of Appeals for the Second Circuit, affirming the decision of District Court Judge Gerard Lynch in XL Specialty Ins. Co. v. Agoglia , 2009 U.S. Dist. LEXIS 36601 (S.D.N.Y. Apr. 30, 2009), provides...

California Appeals Court Holds That Insurer Can Rely on Voluntary-Parting Exclusion to Deny Coverage to Jewelry Owner who Mistakenly Gave Away $1.5 Million in Jewels

A California appeals court has ruled that an insurance company did not act in bad faith when it refused to reimburse a jewelry wholesaler for more than $1.5 million in property that the wholesaler claimed was mistakenly handed over to an individual who was merely posing as an armored-car agent. PNS Jewelry...

New Jersey Insurance Litigation: Chapter 4 Commercial Lines: Commercial General Liability Policies

Access Free Download of 4.03 Checklist: Reviewing General Liability (CGL) Policy Access Free Download of 4.05 Indentifying Coverages: Policy Section I Chapter 4 Commercial Lines: Commercial General Liability Policies in LexisNexis Practice Guide New Jersey Insurance Litigation, 2010 Edition written...

Emerging Issues Analysis: Reed Smith on PENDERGEST-HOLT V. CERTAIN UNDERWRITERS’ AT LLOYD’S OF LONDON

By John Berringer and Jill Averett, Reed Smith, LLP On March 15, 2010, the Fifth Circuit affirmed the decision of the U.S. District Court for the Southern District of Texas, PENDERGEST-HOLT V. CERTAIN UNDERWRITERS’ AT LLOYD’S OF LONDON , 2010 U.S. App. LEXIS 5384 (5 th Cir. Tex. Mar...

Peach Clobber: Georgia Appeals Court Knocks Out the “Assault & Battery” Exclusion

Another Court Uses the Presumption of Self-Defense to Find Coverage for an A&B Claim Randy J. Maniloff, White and Williams, LLP As a short guy with glasses, not to mention at one point in time having a keen interest in the Dewey Decimal System, I've made it my business not to become familiar...

D&O Insurance to Fund Entire "Largest Ever" $139 Million News Corp. Derivative Suit Settlement

In what the plaintiffs' lawyers claim to be the largest derivative lawsuit settlement ever, the parties to the News Corp. shareholder derivative litigation have agreed to settle the consolidated cases for $139 million. The company also agreed to tighten oversight of the company's operations and...