Second Circuit grants SEC's motion for stay and sharply criticizes district court's rejection of settlement in case against Citigroup *

USA - March 15 2012
On Thursday, March 15, the United States Court of Appeals for the Second Circuit issued a per curiam stay order strongly criticizing Judge Jed S. Rakoff's order rejecting a proposed consent judgment between the Securities and Exchange Commission and Citigroup Global Markets Inc.

Co-authors: James A. Meyers , Lori Lynn Phillips .

Fifth Circuit’s expansive reading of contractual liability exclusion serves as a reminder that how asset purchases are structured can affect coverage *

USA - March 6 2012
In a recent decision, the U.S. Court of Appeals for the Fifth Circuit made it harder to recover insurance proceeds on liabilities arising from purchased assets.