• Liberty Ins. Underwriters, Inc. v. Cocrystal Pharma, Inc.

    Publication Date: 2023-04-11
    Practice Area: Insurance Law
    Industry: Biotechnology | Insurance
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Ambro
    Attorneys: For plaintiff: Tamara D. Bruno, Pillsbury Winthrop Shaw & Pittman, Houston, TX; Peter M. Gillon, Jesse N. Vazquez, Pillsbury Winthrop Shaw & Pittman, Washington DC; Brandon R. Harper, Carla M. Jones, Jennifer C. Wasson, Potter Anderson & Corroon, Wilmington, DE for appellant.
    for defendant: Robert L. Ebby, Ronald P. Schiller, Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA for appellee.

    Case Number: 22-2242

    The court reversed the holding of the District Court that found a SEC investigation did not trigger coverage under a director and officer liability insurance policy.

  • Wilmington Trust Nat'l Ass'n v. Sun Life Assurance Co. of Canada

    Publication Date: 2023-04-04
    Practice Area: Insurance Law
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Kevin G. Abrams, John M. Seaman, Samuel D. Cordle, Abrams & Bayliss LLP, Wilmington, DE; Harry S. Davis, Robert E. Griffin, Schulte Roth & Zabel LLP, New York, NY for appellant.
    for defendant: Gregory F. Fischer, Cozen O’Connor, Wilmington, DE; Joseph M. Kelleher, Brian D. Burack, Cozen O’Connor, Philadelphia, PA for appellee.

    Case Number: N18C-07-289

    Courts had to conduct fault-based analysis evaluating the parties' knowledge or inquiry notice of the illegality of life insurance policies ultimately deemed to be stranger originated life insurance policies when determining whether to order disgorgement of paid premiums or allow the insurer to retain the premiums.

  • Columbus Life Ins. Co. v. Wilmington Trust Co.

    Publication Date: 2023-02-28
    Practice Area: Insurance Law
    Industry: Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Donald L. Gouge, Donald L. Gouge, Jr., LLC, Wilmington, DE; Michael J. Miller, Joseph M. Kelleher, Charles J. Vinicombe, Phillip J. Farinella, Cozen O’Connor, Philadelphia, PA for plaintiff.
    for defendant: Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Steven Sklaver, Krysta Kauble Pachman, Susman Godfrey LLP, Los Angeles, CA; Ari Ruben, Susman Godfrey LLP, New York, NY for defendants.

    Case Number: N19C-11-175-PRW CCLD

    Court declined summary judgment on fraud claims arising from stranger-originated life insurance policies as the parties had genuine factual disputes over whether each acted knowingly or recklessly in maintaining the policies despite having knowledge or inquiry notice as to the void nature of the insurance policies.

  • Principal Growth Strategies, LLC v. AGH Parent LLC

    Publication Date: 2023-01-24
    Practice Area: Insurance Law
    Industry: Consulting | Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Brett D. Fallon, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Warren E. Gluck, Richard A. Bixter, Jr., Holland & Knight LLP, New York, NY for plaintiffs.
    for defendant: R. Craig Martin, Amy Evans, DLA Piper LLP (US), Wilmington, DE; Ellen E. Dew, DLA Piper LLP (US), Baltimore, MD; Aidan M. McCormack, R. Brian Seibert, Steven M. Rosato, DLA Piper LLP (US), New York, NY for defendants.

    Case Number: 2019-0431-JTL

    Litigation against distressed insurer stayed in favor of ongoing rehabilitation proceedings in another state, but basis for stay did not apply to insurer's separate, wholly-owned management consultant company.

  • Estate of Berland v. Lavastone Capital, LLC

    Publication Date: 2022-11-01
    Practice Area: Insurance Law
    Industry: Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Bibas
    Attorneys: For plaintiff: Daniel R. Miller, Donald L. Gouge, Jr., Daniel A. Cohen, Jim Walden, Tricia R. Lyons, Walden Macht & Haran LLP, Philadelphia, PA for plaintiff.
    for defendant: Megan Ward Cascio, Sabrina M. Hendershot, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Julius A. Rousseau, III, Andrew Dykens, ArentFox Schiff LLP, New York, NY for defendant.

    Case Number: 1:18-cv-02002-SB

    Estate could recover death benefit from a stranger-oriented life insurance policy taken out on the life of decedent where the policy was funded by a non-recourse loan, decedent had no need for life insurance and procured the policy as a wagering contract, and the recipient of the benefit was knowingly involved in the fraud to procure the policy.

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    New Jersey Estate Litigation 2014

    Authors: Michael R. Griffinger, Paul F. Cullum III

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  • Georgian Am. Alloys, Inc. v. AXIS Ins. Co.

    Publication Date: 2022-09-13
    Practice Area: Insurance Law
    Industry: Insurance | Manufacturing
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge McKee
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 21-1947

    Insurer was not required by Delaware law to demonstrate prejudice in denying untimely claim for coverage under claims-made policy that lacked express language extending coverage to any claims that were reported during renewal terms.

  • In re: CVS Opioid Ins. Litig.

    Publication Date: 2022-08-30
    Practice Area: Insurance Law
    Industry: Insurance | Pharmaceuticals | Retail
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Garrett B. Moritz, R. Garret Rice, Ross Aronstam & Moritz, LLP, Wilmington, DE; Michael S. Shuster, Daniel M. Sullivan, Blair E. Kaminsky, Daniel K. Phillips, Daniel M. Horowitz, Holwell Shuster & Goldberg LLP, New York, NY; Susan Koehler Sullivan, Clyde & Co LLP, Los Angeles, CA; Robert M. Magino, Clyde & Co LLP, Morristown, NJ for plaintiffs.
    for defendant: Robert J. Katzenstein, Julie M. O’Dell, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Christopher J. St. Jeanos, James E. Fitzmaurice, Willkie Farr & Gallagher LLP, New York, NY; David J. Baldwin, Peter C. McGivney, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE; Kirk Pasich, Nathan M. Davis, Pasich LLP, Los Angeles, CA; Jeffrey L. Schulman, Peter A. Halprin, Pasich LLP, New York, NY for defendant.

    Case Number: D69940

    Court applied overwhelming hardship standard to motion to dismiss or stay for forum non conveniens where there was no evidence of a "race to the courthouse" by the parties such that their cases could be deemed contemporaneously filed and where there was no indication that plaintiffs had engaged in improper forum shopping.

  • Spine Care Delaware, LLC v. State Farm Mut. Auto. Ins. Co.

    Publication Date: 2022-03-22
    Practice Area: Insurance Law
    Industry: Health Care | Insurance
    Court: Delaware Superior Court
    Judge: Judge Primos
    Attorneys: For plaintiff: Jonathan L. Parshall, Lauren A. Cirrinicione, Murphy & Landon, P.A., Wilmington, DE for plaintiff.
    for defendant: Donald M. Ransom, Casarino Christman Shalk Ransom & Doss, P.A., Wilmington, DE; Gavin Reinke, Alston & Bird LLP, Atlanta, GA for defendant.

    Case Number: D69756

    Insurer lacked reasonable basis to impose multiple payment reductions for bills seeking compensation under PIP benefits where doing so meant provider was being compensated at a lower rate than its peers.

  • Ace Am. Ins. Co. v. Rite Aid Corp.

    Publication Date: 2022-01-25
    Practice Area: Insurance Law
    Industry: Insurance | Pharmaceuticals | Retail
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Garrett B. Moritz, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE;Marc S. Casarino, White & Williams LLP, Wilmington, DE; Jonathan D. Hacker, ; O’Melveny & Myers LLP, Washington, D.C.; Michael S. Shuser, Blair E. Kaminsky, Holwell Shuster & Goldberg LLP, New York, NY for, appellants.
    for defendant: Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Gerald P. Konkel; Morgan, Lewis & Bockius LLP, Washington, D.C.; William R. Peterson, Morgan, Lewis & Bockius LLP, Houston, TX; Christopher M. Popecki, Morgan, Lewis & Bockius LLP, Los Angeles, CA for appellees.

    Case Number: D69688

    The court held that the suit against the defendants for which plaintiffs sought defense coverage under its liability policy did not allege damages that were covered by the insurance policy such that the insurer had no duty to defend. Reversed decision of lower court.

  • In re: TK Holdings, Inc.

    Publication Date: 2022-01-11
    Practice Area: Insurance Law
    Industry: Automotive | Insurance | Manufacturing
    Court: U.S. Bankruptcy Court
    Judge: Judge Shannon
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69677

    Adversary proceeding to determine insurer's obligation to provide coverage constituted a non-core proceeding as it only required analysis of the policy contracts rather than of the bankruptcy plan or bankruptcy law.