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Southwest Airlines Wins Reversal Against Liberty Insurance Over Computer Crash
Writing for the panel, Fifth Circuit Judge James E. Graves Jr. said the court must determine whether the five categories of costs were losses incurred solely as a result of the system failure.
In Partner Comp, Is Ignorance Bliss?: The Morning Minute
The news and analysis you need to start your day.
Moving Up and Stepping Back: 2023's Biggest In-House Moves
Three of the top four GC moves in 2023 cover departures, rather than fresh hires. That's appropriate for 2023, which saw many in-house lawyers reevaluate their careers.
Litigating 'Cause' Under New York Employment Contracts
Sometimes the "cause" standard in employment contracts specifies particular misconduct and a minimum level of culpability, such as "gross negligence" or "recklessness." Sometimes it's undefined. Either way, these provisions leave open a critical issue: the relevance of the employer's honesty, good faith and evenhandedness in applying the "cause" standard. Surprisingly, the New York case law on this point is a mixed bag.
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Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions
Authors: James C. Freund
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'Jaw-Dropping Low' Offer for Disputed Extent of Ski Lift Injuries Heading to Trial
"Based on plaintiff's evidence, a reasonable fact finder could find that a $15,000 offer was jaw-droppingly low," Saris wrote, concluding that the record is not clear if AIG is liable for the financial supervision of the AmWins claims process before 2018. Thus, that matter will proceed to a trial, the judge held.
'Insurance Crisis' Looming for Aviation Industry in 2024, 38-Year Veteran Warns
The London aviation insurance market could be in for a chaotic 2024, Steven Marks of Podhurst Orseck predicts, as reinsurers scramble to cover damages for aircraft crashes that are ballooning far more than planned.
Candidate Who Agreed to Become AIG Legal Chief Backs Out
Patricia Walsh had said in September that she was giving up the CLO post at a star startup to take the legal reins of the insurance giant. She and AIG did not explain her about-face. "The sudden change of plans by Walsh or AIG here is a real head-scratcher," said legal department consultant Jason Winmill.
Deal Watch: IPOs Not Coming Back in 2023
Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
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