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Del. Court Orders Insurers to Provide Coverage in $486M Settlement of Pfizer NY Shareholder Dispute
A Delaware judge has ruled that two of Pfizer Inc.'s insurers must cover the costs associated with a $486 million settlement in a New York shareholder suit that accused the pharmaceutical giant of misleading investors about the health risks associated with two anti-inflammatory drugs.
McKool Smith Win Puts Insurer on the Hook for $14M Settlement
After a now-defunct Tennessee probation company settled a class action for $14 million last year, its parent sued Illinois Union Insurance for the money. The insurer denied coverage, but a Delaware judge ruled Tuesday that a claimed exclusion does not apply.
Del. Judge Denies Interest in Asbestos Coverage Dispute
A Delaware judge on Wednesday rejected what he called a "peculiar" motion by an industrial pump manufacturer seeking prejudgment interest against excess insurers in a dispute over millions of dollars in asbestos-injury coverage, observing that no court had ever granted such a request without first finding damages.
Icahn Sues to Stop AmTrust's $2.7B Go-Private Deal
Activist investor Carl Icahn on Monday sued AmTrust Financial Services Inc. in the Delaware Court of Chancery, accusing the New York-based workers' compensation insurer of undervaluing the company in a $2.7 billion go-private bid in order to benefit its controlling family.
Insurers Cannot Escape Verizon Judgment, Superior Court Rules
A Delaware judge has ruled that Verizon Communications Inc. is owed $48 million from insurers from having defended a shareholder suit seeking $14 billion over the telecommunication giant's spinoff of its print and electronic directories business in 2006.
Law Journal Press | Digital Book
Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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Judge: National Union Fire Insurance Liable for Up to $10M in Hotel Chain's Legal Costs
Delaware Superior Court Judge Eric Davis said that even if some of the claims in the underlying lawsuit were outside the scope of WoodSpring Hotels' policy with National Union Fire Insurance, the insurer still had a duty to defend the claims.
Morris James Names New Leader After 14 Years
Personal injury lawyer Keith Donovan is Morris James' new managing partner.TRENDING STORIES
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