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Results: 1-10 of 11

Court denies bank, insurer's, and reinsurer's motion to dismiss RESPA complaint

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 20 2013

Two borrowers filed a putative class action complaint in Pennsylvania federal court alleging that mortgage lender, First Horizon Home Loan

STOLI litigation: dare to be different

  • Jorden Burt LLP
  • -
  • USA
  • -
  • February 15 2013

Remember: it's OK to think outside of the box. The distinctive fact patterns of two recent cases demonstrate the benefits of imaginative, resourceful

You snooze you lose: “account stated” doctrine bars recoupment of past amounts paid under voided facultative agreement

  • Jorden Burt LLP
  • -
  • USA
  • -
  • November 29 2010

Seaton Insurance Company sued its reinsurer, Yosemite Insurance Company, for breach of contract

California sues itself over Iran investment policy

  • Jorden Burt LLP
  • -
  • USA
  • -
  • November 23 2010

In response to the determination by the Office of Administrative Law ("the Office") that the California Insurance Department's "request" for a "moratorium" on investments in Iran's energy industry, the Insurance Commissioner has sued the Office in a Petition for Writ of Mandate

North Carolina appellate court: lex loci delicti controls on choice of law for negligent audit claims

  • Jorden Burt LLP
  • -
  • USA
  • -
  • October 13 2010

Reinsurer Harco National Ins Co entered into a "fronting" agreement with Capital Bonding Corporation, a now-defunct bail and immigration bond issuer, relying in part on an audit performed by the defendant accounting firm, Grant Thornton, LLP

Be careful before signing that warranty letter

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 4 2010

In Rivelli v Twin City Fire Insurance Co, the plaintiffs, who were directors or officers at Fischer Imaging Co. (Fischer), sought to compel their excess D&O insurer, Twin City Fire Insurance Co. (Twin City), to advance costs to defend against an SEC civil enforcement action alleging securities fraud

Claim brought against company is not a claim made against a director or officer

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 4 2010

In Medical Mutual Insurance Company of Maine (MMIC) v Indian Harbor Insurance Company (IHIC), the First Circuit Court of Appeals concluded that IHIC's denial of MMIC's claim made under a Directors and Officers (D&O) insurance policy was proper

Second Circuit affirms dismissal of shareholder derivative class action against reinsurer

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 18 2010

The Second Circuit Court of Appeals recently affirmed a district court decision (reported on this blog March 10, 2009), which dismissed a putative shareholder derivative class action against PXRE Group, Ltd., a publicly traded Bermuda reinsurer, and certain of its directors and officers

Enhanced remedies available to seniors asserting California UCL claims

  • Jorden Burt LLP
  • -
  • USA
  • -
  • September 7 2009

Senior citizen James Clark filed suit against National Western Life Insurance Company in 2004, alleging that deceptive business practices induced him and a class of other California senior citizens to purchase high-commission annuity contracts with large surrender penalties in violation of, among other things, California’s Unfair Competition Law (the UCL

AIG directors facing massive suit

  • Jorden Burt LLP
  • -
  • USA
  • -
  • April 29 2009

In a recent opinion, the Delaware Court of Chancery ruled on several motions to dismiss in the AIG Consolidated Derivative Litigation