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Chinese drywall Judicial Panel on Multi-District Litigation rules that matter involving North American manufactured drywall should not be transferred to Chinese Drywall MDL
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 30 2009
On December 2, 2009 the Judicial Panel on Multi-District Litigation ("JPML") ruled that an action alleging damage from North American manufactured drywall should not be transferred to the federal Chinese Drywall Multi-District Litigation ("MDL") pending in the Eastern District of Louisiana (In Re: Chinese-Manufactured Drywall Product Liability Litigation, MDL No.2047
Renewal of bipartisanship in Senate Banking Committee
- Edwards Wildman Palmer LLP
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- USA
- -
- December 29 2009
Amid the partisan atmosphere of the Senate’s marathon debate on healthcare reform, leaders of the Banking, Housing and Urban Affairs Committee last week sought to revive the notion that Democrats and Republicans are working together to craft financial regulatory reform legislation
Minnesota Department of Commerce revokes producer license in an insurable-interest case
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 29 2009
In April 2009, the Minnesota Department of Commerce (the "Department") summarily suspended the insurance licenses of Michael Antonello and the insurance agency for which he served as chairman, Wealth Management Advisors, LLC ("Wealth Management"), for alleged dishonest practices in connection with the sale of life insurance policies and related Stranger Originated Life Insurance ("STOLI") transactions
Lloyds TSB Bank settles with OFAC
- Edwards Wildman Palmer LLP
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- USA
- -
- December 23 2009
On December 22, 2009, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the settlement of apparent violations by Lloyds TSB Bank of OFAC regulations relating to Iran, Sudan and Libya
The U.S. Supreme Court grants certiorari in F-Cubed case
- Edwards Wildman Palmer LLP
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- USA
- -
- December 22 2009
On November 30, 2009, the United States Supreme Court granted certiorari to hear the appeal of a Second Circuit Court of Appeals decision affirming the dismissal of an "F-Cubed" securities class action -- i.e., a securities class action brought by foreign investors who purchased shares in a foreign company on a foreign stock exchange -- on subject matter jurisdiction grounds
A.I.G. to list American International Assurance on the Hong Kong stock exchange
- Edwards Wildman Palmer LLP
- -
- USA
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- December 22 2009
According to recent reports in the New York Times and Financial Times, A.I.G. plans to list its Asian life insurance unit, American International Assurance (“A.I.A.”), on the Hong Kong stock exchange by year’s end
Congress approves another short-term extension of the NFIP through February 28, 2010
- Edwards Wildman Palmer LLP
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- USA
- -
- December 22 2009
Congress recently approved another short-term extension of The National Flood Insurance Program ("NFIP") through February 28, 2010
Maryland insurance commissioner steps down
- Edwards Wildman Palmer LLP
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- USA
- -
- December 21 2009
On December 16, 2009, the Maryland Insurance Administration (“MIA”) issued a media advisory announcing that Ralph S. Tyler will step down as Commissioner of the MIA effective January 8, 2010
Credit Suisse to settle Iran sanctions claims
- Edwards Wildman Palmer LLP
- -
- Iran, USA
- -
- December 16 2009
Credit Suisse announced on December 15, 2009 that it is nearing a $536 million settlement with the New York County District Attorney's office and the US Department of Justice, Federal Reserve Board, Federal Reserve Bank of New York and the Office of Foreign Assets Control (OFAC
Court finds that arbitration award is not final for purposes of review under the FAA
- Edwards Wildman Palmer LLP
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- USA
- -
- December 15 2009
Petitioners Mitsubishi Heavy Industries, Ltd. and Mitsubishi Power Systems Americas, Inc. (“Mitsubishi”) moved to vacate a partial arbitration award entered by the International Centre for Dispute Resolution in favor of Respondent Stone & Webster, Inc. (“Stone & Webster”
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- Jurisdiction - USA
- Author - Helen Clark