0 results for 'Bressler Amery Ross'
Aftab v. New Jersey Property-Liability Insurance Guaranty Association et al
An insurer registered in New Jersey solely as a risk retention group is not covered by PLIGA regardless of its status in another jurisdiction as a reciprocal, and regardless of its reinsurer's status or its relationship with its reinsurer.Merrill Lynch, Investors Settle Suits
Investors accused Merrill Lynch of providing false research and investment recommendations in order to get business. Now they're receiving roughly $40 million in a settlement of three class actions.AAA's Impartiality Challenged by Lawyer Seeking Alternate Forum
A New Jersey lawyer for plaintiffs in commercial suits against Snap-On Tools claims that his clients should not be required to arbitrate through the American Arbitration Association, arguing that AAA's process is tainted by bias toward businesses that pay for its services. A superior court judge has granted an order to show cause for the plaintiffs, temporarily restraining Snap-On from proceeding with AAA arbitrations.Lawsuit Over Picasso Painting Dismissed
A New York court Monday dismissed a lawsuit filed by the alleged owner of a Pablo Picasso painting who claimed his great-uncle was forced by the Nazis to sell the artwork. Justice Rolando T. Acosto found that Julius H. Schoeps, who claims to be an heir to Paul von Mendelssohn-Bartholdy, lacked standing to sue the Andrew Lloyd Webber Art Foundation, the current owner of "Portrait de Angel Fernandez de Soto," because he had not been appointed as the personal representative of Mendelssohn-Bartholdy's estate.D'Annunzio v. Prudential Insurance Co. of America et al
CEPA's definition of "employee" turns on the employer's control and direction of the worker and does not foreclose the likelihood that a worker who might be classified as an independent contractor at common law may qualify as an employee for CEPA purposes.Broker-Dealers Have Powerful Protections Under UCC
Securities broker-dealers can sometimes face third-party claims concerning loss of assets maintained in customer accounts. But the Uniform Commercial Code, in the form of �8-115, provides a complete defense to such claims, with some very limited exceptions. As attorney David J. Libowsky describes, �8-115 effectively immunizes a broker-dealer with a primary exception where the broker-dealer has colluded with the wrongdoer and violated the rights of the adverse claimant.Merrill Lynch Settles Class Actions Over Internet Companies
Merrill Lynch has settled three class action lawsuits that claimed it provided misleading analyst research about Internet companies to purchasers of mutual funds.2nd Circuit Says Adviser's Knowledge of Bayou Hedge Fund Fraud Not Proven
An adviser on investing in hedge funds cannot be sued for securities fraud for recommending a fund that later turned out to be a Ponzi scheme, the 2nd U.S. Circuit Court of Appeals has ruled in a closely watched case. The circuit found that the requirement of scienter was not met in the pleadings against an adviser who steered a client to Samuel Israel III and other founders of the Bayou funds group that later bilked investors out of more than $400 million.TRENDING STORIES
More from ALM
- Holwell Shuster & Goldberg Partners Leverage 'Hostile' Witnesses to Secure $101 Million Verdict Against Walmart 1 minute read
- Legal Speak at General Counsel Conference Midwest 2024: Mike Andolina, Partner, White & Case 1 minute read
- Legal Speak at General Counsel Conference Midwest 2024: Carolyn Burbrink, Uber Director of Volume Mobility Safety and Insurance Litigation 1 minute read
Resources
A Buyer's Guide to Law Firm Software
Brought to you by PracticePanther
Download Now
A Step-by-Step Flight Plan for Legal Teams: Fire Up Your Productivity Engine and Deliver High-Impact Work Faster
Brought to you by HaystackID
Download Now
Corporate Transparency Act Resource Kit
Brought to you by Wolters Kluwer
Download Now
Revenue, Profit, Cash: Managing Law Firms for Success
Brought to you by Juris Ledger
Download Now