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New York’s Highest Court Holds All Sums Allocation And Vertical Exhaustion Applied To Excess Insurance Coverage For Asbestos Claims
  • Locke Lord LLP
  • USA
  • May 4 2016

On May 3, 2016, the Court of Appeals of New York issued its opinion in In re Viking Pump, No. 59, 2016 WL 1735790, and found that "all sums"


DOL Issues Final Fiduciary Rule: How Does The New Definition Affect Plan Sponsors
  • Locke Lord LLP
  • USA
  • May 4 2016

On April 8, 2016, the Department of Labor (DOL) issued its final regulations significantly redefining the standards for determining when an adviser


Update on Recent FTC Enforcement Actions Against Cosmetic Companies
  • Locke Lord LLP
  • USA
  • May 3 2016

On April 12th, the FTC announced proposed settlements and orders with four companies: Trans-India Products, Erickson Marketing Group, ABS Consumer


Florida Appoints David Altmaier as Insurance Commissioner
  • Locke Lord LLP
  • USA
  • May 2 2016

On April 29, 2016 it was announced that David Altmaier has been appointed as the new Insurance Commissioner for the Florida Office of Insurance


Wire Transfer Schemes On The Rise
  • Locke Lord LLP
  • USA
  • May 2 2016

Cyber theft continues to grow, with wire transfer schemes being popular and lucrative. According to a recent FBI alert, more than $2.3 billion was


Top 10 Financial Institution Considerations for 2016: 8 - Ability to Repay
  • Locke Lord LLP
  • USA
  • April 29 2016

In our initial article announcing our top 10 considerations for financial institutions in 2016, which can be found here, our eighth consideration was


Flood Insurance Modernization Measure Passes U.S. House Unanimously
  • Locke Lord LLP
  • USA
  • April 29 2016

The House unanimously passed legislation yesterday which would open up flood insurance to the private market. As previously reported in this blog, H


Tax and Non-Tax Reasons to be Cautious about “Bad Boy Nonrecourse Carve-out Guarantees” - IRS Backtracks on Recent Conclusion that “Bad Boy Guarantees” May Convert Nonrecourse Debt into Recourse Debt but Risks Still Remain
  • Locke Lord LLP
  • USA
  • April 28 2016

On April 15, 2016 the IRS reversed its controversial position that bad boy guarantees may convert nonrecourse debt into recourse debt. General Legal


Revised Uniform Fiduciary Access to Digital Assets Act Provides Important Procedures for Dealing with Digital Assets Following a Death
  • Locke Lord LLP
  • USA
  • April 27 2016

In addition to posing significant emotional and life challenges, a death almost always gives rise to a number of practical and legal tasks to be


Going for Broke(r) - Broker Named in Cyber Coverage Litigation
  • Locke Lord LLP
  • USA
  • April 27 2016

A subplot is brewing in the policy limits dispute between a data breach victim and its cyber insurer - is a specialty broker that worked with the