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Results:11-20 of 41

Ninth Circuit bars shareholder suit
  • Jorden Burt LLP
  • USA
  • November 30 2010

The Ninth Circuit Court of Appeals has determined that mutual fund shareholders do not have a private right to enforce section 13(a) of the Investment Company Act of 1940 (1940 Act), which requires an investment company to obtain shareholder approval before deviating from fundamental investment policies.


Florida proposed rule on fixed and variable annuity contract cover pages
  • Jorden Burt LLP
  • USA
  • November 12 2010

Florida Statutes Section 626.99 requires insurers to deliver Buyer's Guides and Policy Summaries for certain life insurance products.


SEC proposes enhanced disclosures on short-term borrowings
  • Jorden Burt LLP
  • USA
  • September 24 2010

On September 17, 2010, the SEC unanimously voted to propose rule and form amendments that would require enhanced short-term borrowings disclosure by all companies that provide MD&A disclosures in response to Item 303 of Regulation S-K in annual and quarterly reports, proxy or information statements that include financial statements, and '33 and '34 Act registration statements.


Eleventh Circuit clarifies removal procedure: defendants now permitted to provide jurisdictional facts
  • Jorden Burt LLP
  • USA
  • June 15 2010

In Pretka v. Kolter City Plaza II, Inc. (11th Cir. June 8, 2010), the Eleventh Circuit Court of Appeals rectified a disturbing uncertainty introduced into the law of removals by Lowery v. Alabama Power Co., 483 F.3d 1184 (11th Cir. 2007).


NAIC Spring Meeting summary
  • Jorden Burt LLP
  • USA
  • May 12 2010

The Spring Meeting of the NAIC saw relatively little progress on reinsurance issues.


Second Circuit vacates confirmation of original arbitration award; reinstates amended award
  • Jorden Burt LLP
  • USA
  • January 28 2010

Parties to a contract for the sale of steel pipe brought cross-motions to vacate, modify and correct an arbitration award conducted according the International Dispute Resolution Procedures of the AAA's International Centre for Dispute Resolution.


SEC adopts enhanced fund director disclosure requirements
  • Jorden Burt LLP
  • USA
  • January 5 2010

On December 16, 2009, the Securities and Exchange Commission ("SEC") adopted proxy rule and registration statement form amendments that impact disclosures about directors and director nominees of management investment companies registered under the Investment Company Act of 1940 ("funds").


SEC scrubs rules of references to credit ratings
  • Jorden Burt LLP
  • USA
  • December 2 2009

The SEC has adopted amendments to certain rules to remove references to credit ratings issued by nationally recognized statistical rating organizations.


Federal reinsurance reform headlines legislative activity
  • Jorden Burt LLP
  • USA
  • December 2 2009

Action by the U.S. House of Representatives highlights our latest update on legislative and regulatory activity of interest to the reinsurance industry.


Eastern District of New York denies motion to amend: holds claim would be futile
  • Jorden Burt LLP
  • USA
  • September 23 2009

On August 24, 2009, the Eastern District of New York ruled on plaintiff Callon Petroleum’s motion to amend its complaint by adding a statutory claim for punitive damages based on defendant National Indemnity’s bad faith failure to make a timely payment following the submission of the bond claim in the action.