Law Advice

A breach of contract battle between copier products companies that began three years ago with a Chinese conglomerate suing a family-owned Atlanta company for more than $4 million has concluded with the defendant winning $1.1 million for counterclaims. View full post on Law.com – Newswire

In the face of the most comprehensive effort yet to keep Bank of America on the hook for alleged fraud in a Countrywide mortgage-backed securities case, a California federal district court judge has rejected Allstate’s successor liability claim against BofA. View full post on Law.com – Newswire

PHILADELPHIA – An insurer for the Pennsylvania State University (PSU) on Jan. 31 filed a declaratory judgment lawsuit in a Pennsylvania Common Pleas Court disputing general liability coverage for an underlying lawsuit alleging that university employee Gerald Sandusky sexually molested a minor (Pennsylvania Manufacturers’ Association Insurance Co. v. The Pennsylvania State University, et al., No. [...]

BROOKLYN, NY – In an opinion made available on Jan. 30, a federal judge in New York overseeing a securities class action lawsuit against a health care provider and certain of its executive officers named the Los Angeles City Employees’ Retirement System (LACERS) as lead plaintiff, ruling that the shareholder meets all statutory requirements for [...]

NEW YORK – An investment firm being sued by shareholders said in a New York federal court on Jan. 31 that the shareholders’ derivative suit should be dismissed because they have failed to show that the directors and officers of the firm are not independent of their decisions (Brautigam v. Blankfein, et al., No. 11-cv-04544, [...]

LAKELAND, Fla. – There are material questions of fact regarding whether an insurer and its insured dispute the amount of loss arising from Hurricane Charley or a denial of coverage, a Florida appeals panel ruled Feb. 1, finding that a lower court’s grant of summary judgment in favor of the insurer was premature (Rosamma Panjikaran [...]

SACRAMENTO, Calif. – A federal judge in California on Jan. 31 refused to stay a coverage action against insolvent insurance companies pursuant to liquidation orders filed in a New York state court because the Uniform Insurers Liquidation Act (UILA) does not require that in personam proceedings filed in a California state court against the insolvent [...]

A federal district court judge in Manhattan has ordered Abu Dhabi Investment Authority to file public versions of court filings in the sovereign wealth fund’s challenge to a confidential arbitration award in a multibillion-dollar dispute with Citigroup. View full post on Law.com – Newswire

SCRANTON, Pa. – The Susquehanna County, Pa., residents suing natural gas extraction companies in the U.S. District Court for the Middle District of Pennsylvania for property damage and personal injuries for allegedly contaminating their water wells were denied a motion Jan. 31 to disqualify defense counsel because it also represents a nonparty they seek to [...]

An investor in a now-bankrupt private mortgage broker and real estate loan provider claims in a potential class action brought against Greenberg Traurig that the firm, acting as the broker’s counsel, helped hatch a fraudulent scheme that bilked the plaintiff and other investors out of some $700 million. View full post on Law.com – Newswire