By Susan Combs and Jessica Smith | May 28, 2024
The court held that special audit procedures in I.R.C. Section 7611 designed to protect churches' First Amendment rights do not constrain the IRS's power to obtain records via third-party summonses in investigating churches.
By Colleen Murphy | May 28, 2024
"The schools are going to be incentivized to pay players for sports that are particularly lucrative, like football and basketball," Jason W. Gordon, a partner with Reed Smith, said. "But how do they address parity and compliance with Title IX? The schools have to work that out and figure out a model that will attract the top talent while also complying with the law."
The American Lawyer | Analysis
By Andrew Maloney | May 28, 2024
The Am Law 100 upped its average equity partner pay spread from 9.8-to-1 in 2022 to 10.3-to-1 in 2023, according to a sample of firms' data.
By Chris O'Malley | May 24, 2024
"We've heard significant concerns about how rollup strategies may have been used to consolidate market power across an array of sectors, from housing to defense to cybersecurity," FTC Chair Lina Khan said.
By Jonathan B. New, Patrick T. Campbell and Rachel H. Ofori | May 24, 2024
Because PR firms may be considered third parties for privilege purposes, it is crucial that communications between a company's counsel and its PR firm are handled with care to avoid waiving the attorney-client privilege.
New York Law Journal | Analysis
By Evan W. Bolla | May 24, 2024
The Second Circuit's recent decision in 'Pine Management v. Colony Insurance Company' underscores the critical importance of providing notice to insurance carriers of possible claims, even when a specific demand is absent.
New York Law Journal | Analysis
By Matthew C. Penny and Bryce L. Friedman | May 24, 2024
Lawsuits have been filed across the country that allege harms purportedly caused by PFAS chemicals. The underlying litigations have resulted in billions of dollars in settlements, which, in turn, have led to demands for insurance coverage and associated coverage litigation.
New York Law Journal | Analysis
By Robert S. Kelner, Gail S. Kelner and Joshua D. Kelner | May 24, 2024
The Court of Appeals recently handed down a significant decision regarding the requirements a petitioner must meet when making a motion for leave to file a late notice of claim: 'Jaime v. City of New York'. This article discusses the background of the case and its potential significance for injured parties.
New York Law Journal | Analysis
By Raymond A. Mascia Jr. and William G. Passannante | May 24, 2024
Recently, several New York courts have held that an insurance company has no right to recoup defense costs where the insurance policy includes a duty to defend, but does not include an express contractual provision allowing for recoupment.
New York Law Journal | Analysis
By Christopher C. Loeber and Helen P. Hunter | May 24, 2024
Corporations typically have risk management departments that stay on top of their coverage portfolios, but individual policyholders all too often purchase policies and simply file them away in the apparent hope that the mere act of buying coverage serves as a hedge against ever needing it. This is the "buy and shelve" approach to insurance. And, while it's never a good strategy, it is particularly dangerous in the context of life insurance.
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