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Novolex Holdings: A Rare Look at an RWI Claim Dispute
While RWI policies are manuscripted policies separately negotiated for each transaction, the vast majority contain arbitration clauses, meaning that claim disputes are resolved privately without published court rulings. The recent ruling in 'Novolex Holdings v. Illinois Union Insurance' sheds some light on one of these claim disputes, while also providing important lessons for insurers and M&A practitioners.Terra Luna—Marking the Beginning and the End of the 'Crypto Winter'?
Does Terra's bankruptcy mark the end of the "Crypto Winter"? The recent rebound of the cryptocurrency market seems to suggest so, particularly with Bitcoin setting a new all-time high of $73,805.27 on March 14, 2024.Walmart Secures Dismissal of Drug Investigation Disclosure Claim
U.S. District Chief Judge Colm F. Connolly's decision is a win for the Latham & Watkins and Richards, Layton & Finger team that represented Walmart, CEO Doug McMillon and former CFO Brett Biggs.IPO to Insolvency: Big Law Isn't Done Making Money on EV SPACs
"They didn't care because they were making too much money off of it, and now it's especially sad that they're finding yet another way to make money off of the very problems they helped create," Yale Law School professor John Morley said of the corporate lawyers who participated in the frenzy.View more book results for the query "*"
'Match' Opinion Stresses Delaware Courts' Focus on Investors, Scrutiny of Controlling Shareholders
"The Delaware courts are going to continue to have a lot of skepticism when it comes to conflicted controller transactions," Fried, Frank, Harris, Shriver & Jacobson senior counsel Gail Weinstein said.As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'
In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" verdicts.Supreme Court Stresses Committee Independence In Match Group Decision
The Supreme Court said entire fairness is the standard of review in any controller-involved transaction, but business judgment can be applied when both an independent committee and a shareholder vote approve the deal.Uber's 'Superficial Safety Efforts' Called Out in Derivative Suit
The lawsuit alleges that if Uber's board members and executives had made a point to implement safety measures like screening drivers more carefully, the company might not now be facing liability in the hundreds of cases in which riders, primarily women, say they were sexually assaulted.Skadden Arps M&A Trio Launches Transactions Group at Morris James
The team at the Wilmington firm will be led by new partner Vincent Cannizzaro, a former Skadden senior associate.Your Long-Term Care Legislation Playbook
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Revenue, Profit, Cash: Managing Law Firms for Success
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7 Proven Strategies for Implementing a Workers' Comp Cloud Platform
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Maximizing Liquidity and Loan Growth: A Credit Union's Success Story
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