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Bankruptcy counseling—referred to by one attorney as “an industry in consolidation”—has always been a cyclical business, but the steady, years-long decline in new cases has required lawyers to rethink their practices to some extent. It’s not an issue limited to the region. For the yearlong period Continue Reading

The Connecticut Supreme Court's ruling that an IBM Corp. contractor isn't insured for $6 million in losses stemming from a traffic mishap that exposed IBM employees' personal information gives insurers stronger footing to argue against coverage for data breaches, but the peculiar facts of the case Continue Reading

Arnold & Porter LLP and McCarter & English LLP should be awarded defense attorneys’ fees for their recent victory in a million-dollar contract suit over the firing of a Silicon Valley CEO after his company was acquired, a California judge said this week.San Mateo Superior Court Judge Continue Reading

More than two years after Superstorm Sandy battered the East Coast, New York courts are continuing to grapple with a slew of insurance coverage issues tied to the storm. Those lawsuits and other high-stakes battles, including JPMorgan Securities Inc.'s bid for $200 million in coverage for Continue Reading

With hopes of retaining minority lawyers, several BigLaw firms host special retreats for their diverse attorneys to network and discuss inclusion issues. "There is a great need out in the world for diverse lawyers, and there is a limited pool of talent," said Catherine A. Mohan, a McCarter & Continue Reading

Michael P. Kelly, chairman of McCarter & English and a fourth-generation Wilmingtonian, said attorneys expect to work downtown. “Walking down Market Street at lunchtime is just part of the package,” he said. “There’s a sense of community here.” “I’m just crushed by what’s happening to jobs in Continue Reading

Mylan’s recent reincorporation in the Netherlands was part of the generic drugmaker’s strategy to reduce its global tax bill. But the shift, accomplished while keeping its operational headquarters in Cecil, came with another benefit: a European-style poison pill that could help Mylan thwart a Continue Reading

With state regulators raising objections to RadioShack Corp.'s potential sale of personal data of up to 117 million customers, the company's bankruptcy proceedings will test whether privacy promises made to customers live on after a business has collapsed. "When a company obtains customer Continue Reading

The Third Circuit recently held that "insured property" as it appears in a Standard Flood Insurance Policy doesn't include land, a ruling attorneys say will restrict the ability of policyholders to recover the cost of removing debris swept onto their land by Superstorm Sandy and future storms. In Continue Reading

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