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Results: 1-10 of 149

California federal court finds that issue of whether commutation terminated certain reinsurance contracts was for the arbitration panel to decide
  • Locke Lord LLP
  • USA
  • February 12 2010

Petitioner Sun Life Assurance Company of Canada ("Sun Life") moved to confirm an arbitration award against Respondents Liberty Mutual Insurance Company, Golden Eagle Insurance Corporation and San Diego Insurance Company


Federal Court enforces service of suit provision in reinsurance treaties, grants liquidator’s motion to remand lawsuit to state court
  • Locke Lord LLP
  • USA
  • February 16 2010

The Liquidator of Midland Insurance Company moved to remand to state court a lawsuit asserted against Dunav Re to recover for claims billed to Dunav Re by Midland under certain reinsurance treaties


Two more dismissals of Securities Act lawsuits against rating agencies
  • Locke Lord LLP
  • USA
  • February 19 2010

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York granted McGraw Hill and Moody's (together, the "Ratings Agencies") motions to dismiss in both Tsereteli v. Residential Asset Securitization Trust 2006-A8 et al. and In re: IndyMac Securities Litigation - but without issuing detailed written opinions


FSA prosecutes for change of control offence
  • Locke Lord LLP
  • United Kingdom
  • February 19 2010

Semperian PPP Investment Partners (Semperian) has pleaded guilty to an offence under section 191(3) of the Financial Services and Markets Act 2000


Fabrication of documents
  • Locke Lord LLP
  • United Kingdom
  • February 24 2010

In Yechiel v Kerry London Limited 2010 EWHC 215 (Comm) the High Court had to decide whether Norwich Union had been notified by Yechiel's insurance brokers, Kerry London, that Yechiel would be removing jewellery valued at £133,600 from a Selfridges safe deposit box for more than 14 days


Interpretation of actual and constructive total loss under the Marine Insurance Act 1906
  • Locke Lord LLP
  • United Kingdom
  • February 25 2010

Masefield AG v Amlin Corporate Member Ltd 2010 EWHC 280 (Comm) concerned the interpretation of actual and constructive total loss under the Marine Insurance Act 1906


Federal court upholds an arbitration panel’s award requiring a cedent to pay its reinsurer’s attorneys’ fees
  • Locke Lord LLP
  • USA
  • March 2 2010

National Union Fire Insurance Company of Pittsburgh, PA entered into a reinsurance treaty with Odyssey America Reinsurance Corporation, which contained an arbitration clause


Financial Service Authority wins appeal case on co-operation with overseas regulators
  • Locke Lord LLP
  • United Kingdom
  • March 4 2010

The Financial Services Authority (FSA) went to the Court of Appeal to seek clarification regarding its obligation to co-operate with the Securities and Exchange Commission (SEC


Massachusetts Supreme Court affirms dismissal of data breach claims brought against retailer by financial institutions
  • Locke Lord LLP
  • 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


Government announces its decision on pleural plaques
  • Locke Lord LLP
  • United Kingdom
  • March 3 2010

In a statement issued by Justice Secretary Jack Straw, the Government has set out its decision on pleural plaques