When Congress passed the Dodd-Frank Act four years ago, one of the legislation’s signature features was the creation of potentially massive bounties for whistleblowers that reported financial fraud to the SEC.
In an interesting July 31, 2014 opinion (here), the Second Circuit vacated the dismissal of the securities class action lawsuit that had been filed against JinkoSolar Holdings Co. Ltd, and certain of its directors and officers, as well as against its offering underwriters.
New Jersey Court Holds That Six-Month Delay in Providing Notice to Carrier Bars Coverage Under Claims-Made Policy
Policyholders often are cautioned to provide notice of a claim to their insurance carrier as soon as possible to avoid the risk that the carrier will deny coverage due to late notice.
On July 22, 2014, two U.S. Courts of Appeals highlighted both the science and the art of statutory construction and interpretation — and came to very different conclusions. These courts were asked to consider an IRS rule (26 C.F.R. § 1.36B-2(a)(1)) associated with a section of the Affordable Care Act that provides tax credits (subsidies) for those who purchase health insurance under the exchanges.
The purchase of reps and warranties insurance is an increasingly common part of mergers and acquisitions transactions.
Because there are many unknowns and conflicting information surrounding fracking (hydraulic fracturing), there is a general reluctance to provide a comprehensive insurance product for these risks.
Here’s some advice I would give to anyone contemplating becoming a general contractor: Don’t. The liability insurance coverage picture is too muddy, and coverage for completed operations is too uncertain.
The insurance industry continues to respond to the growing threat of data breaches by directing businesses facing that risk towards new, risk-specific cyber insurance products, while attempting to restrict coverage for data breaches under standard insurance policies.
DC Circuit Holds Temporary Nurses Are ‘Employees’ for Purposes of Hospital’s General Liability Policy
In Interstate Fire & Casualty Company v. Washington Hospital Center Corp., the D.C. Circuit Court of Appeals affirmed a lower court decision holding that a temporary nurse hired to work at the Washington Hospital Center (the hospital) by a staffing agency was an “employee” of the hospital and therefore an “insured” under the Hospital’s general liability policy.
It was announced this morning that the UK government is to outline measures permitting the trial of driverless cars on public roads by next year.