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Reinsurer’s request to belatedly amend “imprecise” pleading denied due to lack of diligence
  • Jorden Burt LLP
  • USA
  • September 6 2011

Employers Reinsurance Corporation was denied a request to correct “imprecise” language in its answer and counterclaim in a suit brought against it by a medical malpractice insurer for failing to fund a settlement of a lawsuit against one of the malpractice insurer’s covered physicians

Summary fund prospectuses implications for life insurance companies
  • Jorden Burt LLP
  • USA
  • April 15 2008

The SEC, in a November 2007 release, has proposed mutual fund disclosure reform, including a streamlined 3 to 4 page summary prospectus and elimination of delivery of a paper statutory prospectus (unless requested).