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Results: 1-10 of 410

Hedge funds back down in Argentina claim after asset freeze fails

  • Edwards Wildman Palmer LLP
  • -
  • Argentina, USA
  • -
  • April 19 2010

Hedge funds seeking to recover more than $554 million in judgments against Argentina have reportedly withdrawn court appeals to stop assets being taken out of accounts at Citibank, diminishing their chances of ultimate success

Washington District Court awards attorney’s fees incurred by insured’s subrogee in establishing coverage

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 2 2009

A Washington District Court recently awarded an insured’s subrogee all attorney’s fees incurred at all levels of coverage litigation in establishing entitlement to coverage

NY lower court holds that Insurance Law 3420(a) applies to lawyer’s claims-made malpractice policy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 19 2009

The New York Supreme Court, Erie County, recently held that a lawyers’ professional liability policy constitutes a "policy or contract insuring against liability for injury to person" within the meaning of Insurance Law 3420(a)(3)-(4

NY Court of Appeals applies Pennsylvania law to bar coverage for malpractice claim pursuant to prior knowledge exclusion

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 19 2009

Reversing the intermediate appellate court, New York’s highest court recently granted summary judgment in favor of two excess insurers based upon their policies’ prior knowledge exclusion

U.S. Securities and Exchange Commission brings civil action against former New Century executives

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 6 2010

On December 7, 2009, the SEC charged three former executives of New Century Financial Corporation with securities fraud

Connecticut District Court: insurer's default judgment does not necessarily preclude litigation in subrogation action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 12 2010

A Connecticut District Court recently held that plaintiffs, who brought a subrogation action to recover a judgment entered in their favor in an underlying legal malpractice action against their attorneys, were entitled to litigate coverage issues even though the attorneys' insurer obtained a default judgment against the attorneys in a separate coverage action

Southern District grants motion to dismiss in F-Cubed securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 9 2009

On October 5, 2009, the U.S. District Court for the Southern District of New York granted the defendants' motion to dismiss in Cornwell v. Credit Suisse on subject matter jurisdiction grounds

In American Bar Association v. Federal Trade Commission, federal court prohibits FTC from enforcing Red Flags Rule against attorneys

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 7 2009

Judge Reggie B. Walton of the United States District Court for the District of Columbia recently granted an injunction sought by the American Bar Association (“ABA”) that prohibits the Federal Trade Commission (“FTC”) from enforcing the Red Flags Rule against attorneys

NAIC subgroup adopts White Paper on Alternative Mechanisms for Troubled Companies

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 15 2009

During the National Association of Insurance Commissioners’ (NAIC) winter meeting, the Restructuring Mechanisms for Troubled Companies (E) Subgroup adopted the "White Paper on Alternative Mechanisms for Troubled Companies" (the "White Paper"

$520 million settlement expected in AstraZeneca off-label marketing case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 27 2010

The United States Department of Justice is expected to announce shortly a settlement with AstraZeneca plc over allegations that the drug manufacturer improperly promoted off-label uses of its antipsychotic drug, Seroquel