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Results: 11-20 of 41

The Eleventh Circuit finds subject matter jurisdiction over “F-Cubed” plaintiffs

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 4 2009

The Eleventh Circuit Court of Appeals has found that the district court has subject matter jurisdiction over securities claims brought by “F-Cubed” plaintiffs i.e., a foreign investors who purchased shares in a foreign company on a foreign stock exchange

D.C. Circuit remands Rule 151A to the SEC

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 29 2009

This updates our January 28, 2009 posting

D&O insurers seek relief from automatic stay in order to assert coverage defense counterclaims against investment firm insureds

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

Two D&O insurers have asked the U.S. Bankruptcy Court for the District of Minnesota to lift an automatic stay in a bankruptcy proceeding pending against their insureds so that the insurers can pursue their coverage defenses as counterclaims against the insureds in a pending declaratory judgment action

Katrina: $5.5 million in damages awarded by Texas federal court to an insured under a second-layer excess insurance policy regardless of whether the underlying insurers properly paid their limits

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 10 2009

On July 9, 2009, a Texas federal court awarded in excess of $5.5 million in damages to an insured under a second-layer excess insurance policy, for claims arising out of Hurricane Katrina-related damage

First Circuit: no coverage under claims made and reported policy if insured fails to report claim within policy period

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 29 2009

The First Circuit recently held that an insured was not entitled to coverage under a Professional Liability claims made and reported policy where the claim is not both made against the insured and reported to the insurer within the policy period

California appellate court applies government contractor immunity defense to boilers on naval vessels in asbestos-related decision

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 24 2009

Earlier this month, a California appellate court held that the government contractor immunity defense applies to a boiler manufactured to United States Navy specifications, shielding the manufacturer from a design defect claim

Connecticut Appellate Court affirms summary judgment in favor of insurer due to insured’s failure to cooperate

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

The Connecticut Appellate Court recently affirmed a lower court’s grant of summary judgment in favor of an insurer based on its determination that the insured breached the insurance policy’s cooperation clause by failing to provide copies of requested tax returns

First Circuit upholds decision to deny insurer recoupment of deductibles following class action settlement

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 31 2009

The First Circuit recently affirmed the decision of the United States District Court for the District of Maine to deny American National Fire Insurance Company’s ("ANFIC") plea for recoupment of a settlement payment made by ANFIC to York County Jail

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 17 2009

As previously reported on August 8, 2007, a jury convicted ex-Brocade CEO Greg Reyes for violating federal securities laws by failing to properly account for backdated options

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 18 2009

On August 24, 2009, the US District Court for the Southern District of New York preliminarily approved a $150 million settlement of a subprime-related securities class action pending against Merrill Lynch and several of its directors and officers styled, Louisiana Sheriff's Pension and Relief Fund v. Conway et al