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High court ruling causes headache for solicitors' professional indemnity insurers
- Edwards Wildman Palmer LLP
- -
- United Kingdom
- -
- December 16 2010
Mortgage Express v Mehrban Michael Singh Sawali 2010 EWHC 3054 (Ch) concerned attempts by Mortgage Express to obtain the entire contents of a solicitor's files created in relation to the solicitor's joint retention by Mortgage Express and a number of its borrowers
During hearing to consider Ambac’s rehabilitation plan, insurance regulator reveals that liquidation of the bond insurer was considered
- Edwards Wildman Palmer LLP
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- USA
- -
- November 23 2010
As we first covered here, Ambac Financial Group Inc., the parent of the ailing Wisconsin-domiciled bond insurer Ambac Assurance Corp., filed for Chapter 11 bankruptcy relief with United States Bankruptcy Court for the Southern District of New York on November 8, 2010
BankAtlantic loses class action trial
- Edwards Wildman Palmer LLP
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- USA
- -
- November 18 2010
In a verdict handed down on Thursday (111810), a South Florida federal jury found that BankAtlantic violated federal securities laws by making several false statements to investors during the class period
Massachusetts Appeals Court affirms dismissal of action against business owner policy by mortgagee
- Edwards Wildman Palmer LLP
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- USA
- -
- September 8 2010
The Massachusetts Appeals Court recently affirmed the Superior Court's granting of an insurer's motion to dismiss after finding that the standard mortgage clause in a business owner's policy did not confer coverage on a mortgagee for loss of rent where the mortgagor had executed an assignment of rent in the event of default
Second Circuit finds that class arbitration waiver clause is unconscionable, refuses to compel arbitration
- Edwards Wildman Palmer LLP
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- USA
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- September 1 2010
In Fensterstock v. Education Finance Partners and Affiliated Computer Services, Inc., plaintiff Fensterstock commenced a class action lawsuit in the Southern District of New York against Education Finance Partners and Affiliated Computer Services for engaging in fraudulent and deceptive practices in connection with the issuance of student loans
Court denies Wells Fargo’s motion to dismiss on statute of limitations grounds
- Edwards Wildman Palmer LLP
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- USA
- -
- June 10 2010
The United States District Court for the Northern District of California recently granted in part and denied in part motions to dismiss a class action brought by a class of purchasers of mortgage pass-through certificates
Court holds coverage for Madoff suits excluded under policy’s insolvency exclusion
- Edwards Wildman Palmer LLP
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- USA
- -
- June 8 2010
The US District Court for the District of Connecticut recently dismissed a customer suit against an insurer, based upon its determination that all of the underlying claims were excluded by the policy's Insolvency Exclusion
Massachusetts Supreme Court affirms dismissal of data breach claims brought against retailer by financial institutions
- Edwards Wildman Palmer LLP
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- USA
- -
- March 3 2010
Recently, the Supreme Judicial Court of Massachusetts upheld two lower court decisions dismissing, on separate motions to dismiss and for summary judgment, a number of claims brought by credit unions against a retailer in connection with a breach of debit and credit card data
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- Workarea - Litigation
- Workarea - Banking
- Author - Brian Green
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