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Insurer’s reliance on declaratory judgment in withdrawing defense precludes breach of contract claim against insurer
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
Ruling on a matter of first impression, a California federal court held that an insurer did not breach its duty to defend when it withdrew a defense
Washington Supreme Court rules that insurers may not recoup defense costs incurred under a reservation of rights defense
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
The Washington Supreme Court held that an insurer may not unilaterally condition its defense of a policyholder on the reimbursement of defense costs
Employing cause-oriented standard, Fourth Circuit rules that multiple surgical injuries arose from a single occurrence
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
Applying North Carolina law, the Fourth Circuit ruled that numerous personal injury claims against an elevator repair company constituted a single
Eighth Circuit rules that policyholder’s cooperation clause violation negates coverage
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
Affirming a Missouri district court decision, the Eighth Circuit held that a policyholder forfeited general liability coverage by breaching the
In excess coverage dispute, Illinois Appellate Court applies “all sums” allocation, horizontal exhaustion, and “triple trigger” doctrine
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
Coverage litigation between Crane, a manufacturer of asbestos-containing projects, and its primary and excess carriers has given rise to disputes
Minnesota Supreme Court limits additional insured coverage to vicarious liability claims
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 18 2013
A split in authority exists as to whether additional insured coverage is limited to circumstances in which the additional insured is held vicariously
The four ring circus - round seventeen; a further updated view of the mating dance among announced merger partners and an unsolicited second or third bidder
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 8 2013
Congratulatory handshakes and champagne toasts often accompany the execution and announcement of a merger agreement between a public company and its
SEC filings under the new Iran disclosure obligations have reached a steady drumbeat
- Simpson Thacher & Bartlett LLP
- -
- Iran, USA
- -
- March 5 2013
In the last several weeks, over sixty issuers have disclosed activities involving Iran or certain so-called bad actors, as mandated by Section 219 of
In setback for the SEC, the Supreme Court holds that claims for civil penalties must be brought within five years of the alleged offense
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 4 2013
In a significant setback last week for the Securities and Exchange Commission, the U.S. Supreme Court held that the SEC must bring claims seeking
SEC expands probe into Rule 10b5-1 plans firms should prepare to show compliance
- Simpson Thacher & Bartlett LLP
- -
- USA
- -
- March 4 2013
Recent press stories have revived speculation that corporate insiders may be abusing rule 10b5-1 trading plans to reap unfair profits from inside
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