USA - November 5 2015 The Massachusetts Office of the Attorney General recently settled another in a series of cases in which a health insurer sold health care policies…
USA - August 13 2012 In a long-awaited and potentially controversial decision, the Supreme Court of California has added its voice to the ongoing dispute over how to allocate coverage in cases of continuous loss spanning multiple policy periods.
USA - June 14 2011 In Janus Capital Group, Inc. and Janus Capital Management LLC v. First Derivative Traders, decided June 13, 2011, the Supreme Court held that Janus Capital Management LLC (JCM), a subsidiary of Janus Capital Group, Inc. (JCG) and investment advisor for JCG on a group of its mutual funds, cannot be held primarily liable in a private action by JCG shareholders for alleged false statements in a prospectus under Section 10(b) of the Securities Exchange Act of 1934 and SEC’s Rule 10b-5.
USA - June 28 2010 On June 24, 2010, in a unanimous judgment, the Supreme Court ruled that 18 U.S.C. §1346 (“Section 1346”), also known as the "honest services" statute, can be used only to prosecute fraud involving bribery or kickbacks.
USA - May 22 2009 Earlier this week Congress passed the Fraud Enforcement Act of 2009 (FERA), which President Obama is expected to sign shortly.