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Results: 1-10 of 221

New York state court decision raises issues concerning the drafting of arbitration clauses

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 20 2010

By Design, LLC terminated the employment of Oded Nachmani, who claimed he was wrongfully dismissed in violation of his employment contract and certain discrimination laws

Massachusetts High Court rules that Federal Arbitration Act applies to contracts involving interstate commerce

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 19 2013

In a decision that has implications for reinsurance, the Massachusetts Supreme Judicial Court last week decided that the Federal Arbitration Act

Preparing for contingent business interruption claims in the wake of Superstorm Sandy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 18 2013

The sheer amount of physical damage caused by what was left of Hurricane Sandy when it made landfall in New Jersey on October 29, 2012, is difficult

SEC and US Attorney accuse Costa Rican life insurance bond company of $670 million fraud

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 21 2011

Both the Securities and Exchange Commission and the U.S. Attorney's Office have brought actions against Costa Rica-based Provident Capital Indemnity, LTD, an insurance and reinsurance company that purported to provide bonds guaranteeing life insurance settlements, but was instead allegedly perpetrating a $670 million fraudulent scheme

Second Circuit determines party waived its right to arbitrate

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 13 2010

Recently, the U.S. Court of Appeals for the Second Circuit affirmed a district court’s ruling denying the motion of plaintiffs-appellants (collectively “LSED”) to compel arbitration of a dispute with Merrill Lynch, Pierce, Fenner & Smith Inc. (“MLPFS”), finding that LSED waived its right to arbitrate by litigating the case for nearly a year before filing its motion

Fourth Circuit declares “direct contributing properties” unambiguous in context of CBI coverage

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 4 2014

In a 2-1 decision released on February 20, the U.S. Court of Appeals for the Fourth Circuit reversed the district court below and declared that the

SEC issues first progress report on convergence of global accounting standards

  • Edwards Wildman Palmer LLP
  • -
  • Global, USA
  • -
  • November 29 2010

Earlier this year, the leadership at the United States Securities and Exchange Commission (the "SEC") directed its staff at the Office of the Chief Accountant to develop a Work Plan to consider the convergence of the U.S

SEC calls for new limits on use of 12b-1 distribution fee provisions in the mutual funds of variable annuity subaccounts

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 3 2010

The U.S. Securities and Exchange Commission (“SEC”) has recently proposed regulations that would limit fund sales charges and increase disclosure requirements under Rule 12b-1

Massachusetts Federal Court shows little patience for poorly-pled Exchange Act claims

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 15 2012

D&O issuers and policyholders concerned about their exposure to Exchange Act claims for overly optimistic wind-energy deals may be breathing easier in the wake of a Massachusetts federal district court's holding that a pension fund could not state a viable cause of action against American Superconductor

California court requires complete horizontal exhaustion of liability coverage before excess coverage can attach

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 19 2011

Addressing apportionment issues left unresolved by the California Supreme Court’s decision in Montrose Chemical Corporation v. Admiral Insurance Company, 10 Cal.4th 645 (1995), California’s intermediate appeals court has ruled that an insured that manufactured asbestos-containing products must first exhaust the limits of all of its primary insurance before it may claim benefits under its excess coverage