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Results: 1-9 of 9

Recent upsurge of Massachusetts class actions on merchant zip code collection

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 2 2013

There has been a flurry of class actions filed in the last six months against retailers in Massachusetts alleging improper collection of ZIP codes

Virginia court follows First Circuit’s Genzyme reasoning, rejects carrier’s bid to recoup $15mm D&O payout

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 17 2010

Following the reasoning of the First Circuit in its Genzyme decision, a federal court in Virginia has granted summary judgment to an insured whose carrier had sued to recoup a $15 million settlement under a D&O policy

First Circuit remands D&O coverage dispute for allocation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 2 2010

Reversing a district court holding to the contrary, the First Circuit has declared that Massachusetts public policy does not prohibit D&O carriers from insuring against damages allegedly incurred by one class of shareholders as a result of an unfair benefit conferred on another class of shareholders

ARS derivative suits will need to overcome business judgment rule

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

In the past few months, several derivative suits against mutual fund issuers of auction rate securities (ARS) have hit the courts

Delaware Bankruptcy Court rules that directors & officers may access eroding policy despite company’s bankruptcy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 22 2010

A federal judge has ruled that directors and officers of a company in bankruptcy proceedings may continue to access an eroding liability policy to cover their defense costs

California federal court rules that “insured v. insured” exclusion does not preclude insurer’s payments of defense costs in claim brought jointly by insureds and non-insureds

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 1 2009

The United States District Court for the Northern District of California, applying California law, has held that an “insured v. insured” clause exclusion in a D&O policy for claims asserted by an insured against an insured did not preclude the insurer from paying for the entire defense costs incurred by insured and non-insured claimants

Accountants seek injunction to bar FTC Red Flags Rule enforcement

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

On November 10, 2009, the American Institute of Certified Public Accountants ("AICPA") filed a lawsuit in the U.S. District Court for the District of Columbia on behalf of its nearly 350,000 certified public accountant members against the Federal Trade Commission (“FTC”) to seek an injunction barring the FTC from applying its Red Flags Rule to AICPA members

California federal court holds that D&O insurer is permitted to rescind policy based on nondisclosure in application

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 11 2009

In a recent decision by the United States District Court for the Northern District of California, the court held that an insurer does not have to provide D&O insurance coverage to a group of bondholders who took on the responsibilities of the bankrupt insured

Court approves American Home Mortgage's settlement of a subprime securities class action

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

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation