A ruling that insurance policy limits on flooding don't apply to more than $500 million in Hurricane Sandy damages suffered by Public Service Enterprise Group Inc. could aid the legal arguments of other insureds seeking bigger recoveries and lessen the storm's impact on ratepayers, experts Continue Reading
Lawyers Encouraged by Progress on Newark’s Property Tax Refunds
The 2013 property tax revaluation in Newark may have opened the floodgates for appeals by commercial property owners, but city officials are taking new steps to resolve many of those cases and issue refunds to those who have reached settlements. That’s according to attorneys who represent many of Continue Reading
Attorneys React to Supreme Court’s TTAB Preclusion Ruling
On Tuesday, the U.S. Supreme Court ruled that federal court decisions on “likelihood of confusion” can be precluded by earlier findings on the same issue from the Trademark Trial and Appeal Board. Here, attorneys tell Law360 why the decision in B&B Hardware Inc. v. Hargis Industries Inc. is Continue Reading
5 Tips for Navigating ‘Wild West’ of Cyber Policies
With insurers phasing out coverage for data breaches and other cyber-related risks from traditional policies, policyholders are increasingly turning to specialty cyber insurance products to protect themselves. However, standalone cyber insurance policies offer widely varied coverage, and the market Continue Reading
Why It Pays for Firms to Hire Others to Do Their In-House Work
You know the deal: The cobbler's children go unshod. Here's a modern-day update of the parable you never knew would work so well in a business setting, courtesy of Mark Daniele of McCarter & English: There are attorneys who could handle the unpopular legal work involved with his or her own Continue Reading
Attorneys React to High Court’s Agency Rule-Making Decision
On Monday, the U.S. Supreme Court sided with the Labor Department, ruling that federal agencies don't have to go through formal rule-making to make significant changes to rules interpreting regulations. Here, attorneys tell Law360 why the decision in Perez v. Mortgage Bankers Association is Continue Reading
Bankruptcy Court Approves Offer to Buy Tengion
A U.S. Bankruptcy Court judge in Delaware approved a turnkey ownership offer on Friday from two former Tengion Inc. executives for the regenerative-medicine company’s assets. Tengion filed for volunteer Chapter 7 bankruptcy protection Dec. 29. Tengion listed $2.78 million in assets and $32.7 Continue Reading
For Companies, Cybersecurity Is a Cost-Benefit Analysis
As companies come to terms with cybersecurity risks, they're faced with questions of how to address them—and how much it's all going to cost. One potential expense is cyberinsurance, which covers calamities that general policies typically don't, said J. Wylie Donald, a Wilmington, Delaware-based Continue Reading
Ill. High Court’s Rescission Ruling a Warning for Firms
The Illinois Supreme Court's recent ruling that the “innocent insured” doctrine couldn't prevent an insurer from using rescission to terminate a law firm's malpractice policy strengthened the defense for insurers and showed that firms need to be on guard against material misrepresentations on Continue Reading
Data Breaches Bring Business to Cybersecurity Practices
The reality of cybersecurity threats has hit home in recent days with news of large companies experiencing data breaches of epic proportions. The victims have ranged from mass retailers such as Target and Home Depot to Sony Pictures to health insurer Anthem. Even the Twitter feed of U.S. Central Continue Reading