Maryland Federal Court Holds Coverage Barred by Insured’s Prior Knowledge and by “Actual Prejudice” from Late Notice

By | Executive Summary Blog | August 28, 2015

A federal court in Maryland has held that a “prior knowledge” provision in a claims-made-and-reported policy applied where, prior to the effective date of the policy, other members of the insured’s real estate firm had suggested that the insured was responsible for the firm’s defense costs in an underlying litigation.

SEC Decreases Registration Statement Filing Fees for Fiscal Year 2016

SEC Decreases Registration Statement Filing Fees for Fiscal Year 2016

On August 27, the Securities and Exchange Commission announced that, effective October 1, the fees that public companies and other issuers pay to register their securities with the SEC will decrease from $116.20 per million dollars of securities registered to $100.70 per million dollars of securities, a decrease of approximately 13 percent.

Ohio Supreme Court Rules Class Cannot Be Certified Without Actual Damages Under Ohio’s Consumer Sales Practice Act

Ohio Supreme Court Rules Class Cannot Be Certified Without Actual Damages Under Ohio’s Consumer Sales Practice Act

In a ruling yesterday in Felix v. Ganley Chevrolet, Inc., No. 2013-1746, 2015 WL 5039233 (Aug. 27, 2015), the Ohio Supreme Court held that a class action cannot be certified where the plaintiff cannot demonstrate, through common evidence, that all putative class members incurred damages resulting from the defendant’s alleged conduct.