LexisNexis® Legal Newsroom
Mealey's Litigation Procedure - 2nd Circuit: Jurisdiction Under CAFA Remains Despite Dismissal Of Class Claims

NEW YORK - A class complaint properly removed from state to federal court still belongs in federal court even if class claims are dropped after the removal, the Second Circuit U.S. Court of Appeals ruled June 4 (In Touch Concepts, d/b/a ZCOM v. Cellco Partnership, d/b/a Verizon Wireless, et al., No. 14-1622, 2nd Cir.; 2015 U.S. App. LEXIS 9293).

Mealey's Litigation Procedure - Judge Grants Preliminary Approval Of $1.95M Securities Class Action Settlement

BROOKLYN, N.Y. - A federal judge in New York on June 5 adopted a federal magistrate's report and recommendation that the federal judge grant preliminary approval of a settlement in a securities class action lawsuit, ruling that adopting the report and recommendation was proper because neither party objected to it (Waterford Township Police & Fire Retirement System v. Smithtown Bancorp, Inc., et al., Nos. 10-0864, E.D. N.Y.; 2015 U.S. Dist. LEXIS 73025).

Mealey's PI/Product Liability - Justice: Product Identification Testimony Keeps Tile Maker In Asbestos Action

NEW YORK - A defendant's "contorted interpretation" of the testimony and failure to account for existing asbestos-containing product inventory after it left the floor tile business keep it in an asbestos action, a New York justice held in an opinion posted June 5 (Bruce J. Bardone and Katherine Bardone v. A.O. Smith Water Products Co., et al., No. 190134/2014, N.Y. Sup., New York Co.; 2015 N.Y. Misc. LEXIS 1937).

Mealey's Toxic Tort/Environmental - Justice: Product Identification Testimony Keeps Tile Maker In Asbestos Action

NEW YORK - A defendant's "contorted interpretation" of the testimony and failure to account for existing asbestos-containing product inventory after it left the floor tile business keep it in an asbestos action, a New York justice held in an opinion posted June 5 (Bruce J. Bardone and Katherine Bardone v. A.O. Smith Water Products Co., et al., No. 190134/2014, N.Y. Sup., New York Co.; 2015 N.Y. Misc. LEXIS 1937).

Mealey's Securities/D&O Liability - Judge Grants Preliminary Approval Of $1.95M Securities Class Action Settlement

BROOKLYN, N.Y. - A federal judge in New York on June 5 adopted a federal magistrate's report and recommendation that the federal judge grant preliminary approval of a settlement in a securities class action lawsuit, ruling that adopting the report and recommendation was proper because neither party objected to it (Waterford Township Police & Fire Retirement System v. Smithtown Bancorp, Inc., et al., Nos. 10-0864, E.D. N.Y.; 2015 U.S. Dist. LEXIS 73025).

Mealey's Insurance - Judge Denies Summary Judgment, Says Reinsurance Certificate Is Ambiguous

SYRACUSE, N.Y. - A federal judge in New York on June 4 denied a reinsurer's motion for summary judgment, holding that whether the reinsurance is capped at $1 million cannot be determined now because the reinsurance certificate is ambiguous (Utica Mutual Insurance Company v. R&Q Reinsurance Company, No. 13-cv-01332, N.D. N.Y.).

Mealey's Bankruptcy - Merger Litigation, Adversary Proceeding Are 'Wholly Different,' N.Y. Panel Says

NEW YORK - A New York appeals panel on June 4 rejected a directors and officers liability insurer's argument that a merger litigation and an adversary proceeding constitute one continuous claim, finding that coverage for the adversary proceeding is not subject to a 2006-2007 policy's insured versus insured (IVI) exclusion (American Casualty Company of Reading, P.A., et al., v. Morris Gelb, et al., No. 15335 653280/11, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4643).

Mealey's Banking & Finance - Merger Litigation, Adversary Proceeding Are 'Wholly Different,' N.Y. Panel Says

NEW YORK - A New York appeals panel on June 4 rejected a directors and officers liability insurer's argument that a merger litigation and an adversary proceeding constitute one continuous claim, finding that coverage for the adversary proceeding is not subject to a 2006-2007 policy's insured versus insured (IVI) exclusion (American Casualty Company of Reading, P.A., et al., v. Morris Gelb, et al., No. 15335 653280/11, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4643).

Mealey's Labor & Employment - New York Court Affirms Striking Of Taxi Health Care Rules

NEW YORK - An increase in taxi fares to fund health care navigators and disability insurance duplicative of Patient Protection and Affordable Care Act (ACA) benefits is arbitrary and exceeds the governing body's mandate, a New York appeals court ruled June 4, affirming a judge's ruling annulling the rules (In re Tanvir Ahmed, et al. v. The City of New York, et al., No. 101692/13, In re Adelso Raul Delorbe, et al. v. The City of New York, et al., No. 101762/13, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4655).

Mealey's Insurance - New York Court Affirms Striking Of Taxi Health Care Rules

NEW YORK - An increase in taxi fares to fund health care navigators and disability insurance duplicative of Patient Protection and Affordable Care Act (ACA) benefits is arbitrary and exceeds the governing body's mandate, a New York appeals court ruled June 4, affirming a judge's ruling annulling the rules (In re Tanvir Ahmed, et al. v. The City of New York, et al., No. 101692/13, In re Adelso Raul Delorbe, et al. v. The City of New York, et al., No. 101762/13, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4655).

Mealey's Insurance - Merger Litigation, Adversary Proceeding Are 'Wholly Different,' N.Y. Panel Says

NEW YORK - A New York appeals panel on June 4 rejected a directors and officers liability insurer's argument that a merger litigation and an adversary proceeding constitute one continuous claim, finding that coverage for the adversary proceeding is not subject to a 2006-2007 policy's insured versus insured (IVI) exclusion (American Casualty Company of Reading, P.A., et al., v. Morris Gelb, et al., No. 15335 653280/11, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4643).

Mealey's Toxic Tort/Environmental - New York Court Affirms Striking Of Taxi Health Care Rules

NEW YORK - An increase in taxi fares to fund health care navigators and disability insurance duplicative of Patient Protection and Affordable Care Act (ACA) benefits is arbitrary and exceeds the governing body's mandate, a New York appeals court ruled June 4, affirming a judge's ruling annulling the rules (In re Tanvir Ahmed, et al. v. The City of New York, et al., No. 101692/13, In re Adelso Raul Delorbe, et al. v. The City of New York, et al., No. 101762/13, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 4655).

Mealey's Labor & Employment - 2nd Circuit Panel Affirms Denial Of Benefits Under Pension Plan Was Proper

NEW YORK - The denial of a claimant's benefits under a disability pension plan was not arbitrary or capricious because it was not clear that the disability was permanent or that she was disabled while employed, the Second Circuit U.S. Court of Appeals said June 1 (Francy Ocampo v. Building Service 32B-J Pension Fund, et al., No. 14-0877, 2nd Cir.; 2015 U.S. App. LEXIS 9020).

Mealey's Bankruptcy - New York Justice Asks For Input Regarding Termination Of Ancillary Receivership

NEW YORK - A New York justice on June 2 issued an order to show cause asking for responses regarding the proposed termination of the ancillary receivership of an insolvent Ohio insurer (In the Matter of the Ancillary Receivership of Credit General Insurance Company, No. 400160/01, N.Y. Sup., New York Co.).

Mealey's IP/Tech - Google Seeks To Compel Studios' Discovery Responses In Suit With Mississippi AG

NEW YORK - Google Inc. moved in New York federal court on June 1, seeking to compel three movie studios to comply with discovery subpoenas served on them in a lawsuit in Mississippi federal court in which Google asserts constitutional violations in Mississippi Attorney General Jim Hood's investigation of it under the Mississippi Consumer Protection Act (MCPA) (Google Inc. v. Twenty-First Century Fox Inc., et al., No. 1:15-cv-00150, S.D. N.Y.).

Mealey's Insurance - New York Justice Asks For Input Regarding Termination Of Ancillary Receivership

NEW YORK - A New York justice on June 2 issued an order to show cause asking for responses regarding the proposed termination of the ancillary receivership of an insolvent Ohio insurer (In the Matter of the Ancillary Receivership of Credit General Insurance Company, No. 400160/01, N.Y. Sup., New York Co.).

Mealey's Insurance - 2nd Circuit Panel Affirms Denial Of Benefits Under Pension Plan Was Proper

NEW YORK - The denial of a claimant's benefits under a disability pension plan was not arbitrary or capricious because it was not clear that the disability was permanent or that she was disabled while employed, the Second Circuit U.S. Court of Appeals said June 1 (Francy Ocampo v. Building Service 32B-J Pension Fund, et al., No. 14-0877, 2nd Cir.; 2015 U.S. App. LEXIS 9020).

Mealey's Litigation Procedure - IHeartMedia Sued For Allegedly Sending Unauthorized Texts

NEW YORK - A New York woman on June 3 filed a class complaint against iHeartMedia Inc. in New York federal court for allegedly sending unauthorized text messages to cellular phones of people around the country (Beth Shvarts, et al. v. iHeartMedia, Inc., No. 15-3231, E.D. N.Y.).

Mealey's Litigation Procedure - Google Seeks To Compel Studios' Discovery Responses In Suit With Mississippi AG

NEW YORK - Google Inc. moved in New York federal court on June 1, seeking to compel three movie studios to comply with discovery subpoenas served on them in a lawsuit in Mississippi federal court in which Google asserts constitutional violations in Mississippi Attorney General Jim Hood's investigation of it under the Mississippi Consumer Protection Act (MCPA) (Google Inc. v. Twenty-First Century Fox Inc., et al., No. 1:15-cv-00150, S.D. N.Y.).

Mealey's Litigation Procedure - Magistrate Judge Says Arbitration Transcripts Are Relevant To Case

SYRACUSE, N.Y. - A federal magistrate judge in New York on June 2 granted in part and denied in part a reinsurer's motion to compel discovery in an asbestos-related reinsurance billing dispute (Utica Mutual Insurance Company v. R&Q Reinsurance Company, No. 14-cv-00700, N.D. N.Y.).

Mealey's Insurance - Magistrate Judge Says Arbitration Transcripts Are Relevant To Case

SYRACUSE, N.Y. - A federal magistrate judge in New York on June 2 granted in part and denied in part a reinsurer's motion to compel discovery in an asbestos-related reinsurance billing dispute (Utica Mutual Insurance Company v. R&Q Reinsurance Company, No. 14-cv-00700, N.D. N.Y.).

Mealey's Bankruptcy - Ancillary Receiver For Insolvent Insurer Appointed In New York Court

NEW YORK - A New York justice on May 28 appointed the state's superintendent of financial services as the ancillary receiver of an insolvent Oklahoma insurer licensed to do business in New York (In the Matter of Red Rock Insurance Company, No. 451197/15, N.Y. Sup., New York Co.).

Mealey's Insurance - Ancillary Receiver For Insolvent Insurer Appointed In New York Court

NEW YORK - A New York justice on May 28 appointed the state's superintendent of financial services as the ancillary receiver of an insolvent Oklahoma insurer licensed to do business in New York (In the Matter of Red Rock Insurance Company, No. 451197/15, N.Y. Sup., New York Co.).

Mealey's Litigation Procedure - Judge Grants Final Approval Of $500M Mortgage-Backed Securities Settlement

NEW YORK - A federal judge in New York on May 27 granted final approval of a $500 million settlement in a securities class action lawsuit regarding Bear Stearns' sale of more than $17 billion in mortgage-backed securities, finding the settlement agreement to be fair, reasonable and adequate (In re Bear Stearns Mortgage Pass-Through Certificates Litigation, No. 08-8093, S.D. N.Y.).

Mealey's Litigation Procedure - Federal Judge Decertifies Class Related To Alleged Late Fees Charged By Lenders

NEW YORK - A New York federal judge on May 29 granted a request to decertify a class of claimants asserting a breach of contract claim against lenders in relation to alleged late fees, finding a lack of evidence that the lenders assumed specific contractual obligations or were in privity of contract with absent class members (Joseph Mazzei, et al. v. The Money Store, et al., No. 01cv5694, S.D. N.Y.; 2015 U.S. Dist. LEXIS 69866).