U.S. defense contractors, which saw international sales rise strongly under President Barack Obama's administration, can expect a continued boom in arms exports under Donald Trump, aided by persistent security risks in the Middle East and rising tensions in Asia and Europe. Shares of major Continue Reading
Pa. High Court Case May Expand Insurers’ Bad Faith Exposure
A health insurer recently asked Pennsylvania's high court to overturn an appellate decision loosening the standard for punitive bad faith penalties in a case over a cancer insurance claim that experts say could lead to a surge in bad faith claims by policyholders if the justices find that ill intent Continue Reading
Why PE Isn’t Investing In This Year’s Presidential Election
Private equity firms have barely contributed to the campaign of either major U.S. presidential nominee, though slightly more money has been directed to Hillary Clinton than Donald Trump, and experts say the industry simply doesn't have much reason to support either candidate. As of the end of the Continue Reading
How The US Election Could Affect The PE Industry
Next week's U.S. presidential election could have far-reaching implications for the private equity industry, including changes to how it is taxed and what sectors it might consider ripe for investment, but experts say industry players remain confident in the ability to generate strong returns no Continue Reading
Palantir Prevails in Lawsuit Over U.S. Army Contracting Practices
Data-mining software firm Palantir Technologies Inc. prevailed in a lawsuit against the U.S. Army that means the company could be eligible for a $200 million contract. A federal judge in the U.S. Court of Federal Claims issued an oral ruling in the case Monday, siding with Palantir in its Continue Reading
Insurers Concerned As New Legal Guidelines Are Drafted By Prominent Group
Insurers are concerned by the early returns from the American Law Institute as it dedicates one of its Restatements to liability insurance – a project that could result in suggested new guidelines for judges handling those cases. The ALI completed its most recent session dedicated to its Continue Reading
PE’s Rising Enchantment With Unconventional Fund Terms
Private equity professionals have toyed with the idea of raising funds with longer-than-usual lifespans and investment holding periods for years, and with a few firms already closing such funds in 2016, experts say nontraditional fund terms will become more prevalent as the industry chases higher Continue Reading
Fighting Website Suit, Vita-Mix Points To Similar Dismissal
Acting on behalf of blender maker Vita-Mix, Mr. Kott told a New Jersey federal judge on Wednesday that the recent dismissal of a similar suit by a judge citing the U.S. Supreme Court's Spokeo ruling casts a shadow on the class action against the company over its website terms of use. Kott wrote Continue Reading
Justices Hear Arguments in $25 Million Accutane Verdict Appeal
Lawyers argued before the New Jersey Supreme Court Thursday over whether an appeals court erred in overturning a $25 million verdict against a pharmaceutical company because the plaintiff violated the statute of limitations in the state where he lives. A lawyer representing the plaintiff, Andrew Continue Reading
Good Intentions Do Not Always Lead To Good Outcomes
Lawmakers, business leaders, and attorneys gathered together on October 11 to discuss this important topic, with a particular focus on New Jersey’s Truth-in-Consumer Contract, Warranty and Notice Act (TCCWNA). What is TCCWNA? The Truth-in-Consumer Contract, Warranty and Notice Act is designed Continue Reading