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Carley Meiners

Carley Meiners

September 20, 2017 | Delaware Business Court Insider

Judge Requires Successor Agent to Produce Documents in Possession of Predecessor

U.S. Bankruptcy Judge Mary Walrath of the District of Delaware followed a growing line of precedent in ordering Wilmington Savings Fund Society FSB, as successor collateral and administrative agent under a term loan facility with TSA Stores Inc. and certain of its affiliates (the debtors), to produce documents in the possession of its predecessor agent.

By R. Stephen McNeill

12 minute read

September 18, 2017 | The Legal Intelligencer

People in the News—Sept. 19, 2017—McNees Wallace & Nurick

McNees Wallace & Nurick attorneys Timothy M. Finnerty, Randy L. Varner and Andrew S. Rusniak are scheduled to speak at the Tax Executives Institute's Harrisburg chapter 19th annual tax conference Thursday at the Hershey Country Club.

By Carley Meiners | The Legal Intelligencer |

3 minute read

September 14, 2017 | Daily Report Online

Law & Order premiered 27 years ago today

Everyone's favorite legal drama series “Law & Order” premiered on this date in 1990, according to History.com. The NBC show, created by Dick Wolf, has been one of the longest-running primetime dramas in TV history.

By CARLEY MEINERS

1 minute read

September 14, 2017 | The Legal Intelligencer

Evolving Cyberinsurance Coverage for Phishing Attacks

Federal courts continue to shape the landscape for cyberfraud coverage. The recent spate of cases focus on the scope of coverage for "phishing" or "spoofing" attacks. Recent cases focus on these attacks for two reasons: they are slightly different than a classic system intrusion or hack, and these forms of invasion have grown to become the major threat that many companies face (see Matthews, Lee, "Homeland Security Chief Cites Phishing As Top Hacking Threat," Forbes, Nov. 29, 2016). It is not surprising to see an increase in court decisions dealing with the topic given this reality.

By Brian Collins

19 minute read

September 13, 2017 | Delaware Business Court Insider

High Court Clarifies Role of Deal Price in Appraisal Fair Value Determination

Corporate practitioners have been closely following developments in Delaware's shareholder appraisal litigation.

By P. Clarkson Collins Jr.

6 minute read

September 08, 2017 | The Legal Intelligencer

Why LGBTQ-Owned Businesses Further Equality

In recent years, when the terms "LGBTQ" and "small business" are discussed in the media, it's usually in response to a small but vocal minority demanding religious freedom to refuse service to members of the LGBTQ community, and the legal battles that follow. However, perhaps there are more important discussions revolving around business and the LGBTQ community—the discussion of the power LGBTQ-owned businesses have in further equality.

By Angela D. Giampolo

5 minute read

September 07, 2017 | Delaware Business Court Insider

Bankruptcy Court Predicts Del. Will Recognize Existence of De Facto LLCs

In a case characterized as a "matter of great local interest," Bankruptcy Judge Kevin Gross determined a question of much wider interest to practitioners: whether a contract was void ab initio because the Delaware limited liability company that executed it had not yet been formed.

By Barry M. Klayman and Mark E. Felger

5 minute read

September 01, 2017 | The Legal Intelligencer

CMS Proposes Changes to Some Cardiac and Orthopaedic Payment Models

On Aug. 15, the Centers for Medicare and Medicaid Services (CMS) proposed changes to the comprehensive care for joint replacement model (CJR), cancellation of a mandatory episode payment models (EPMs) and cardiac ­rehabilitation (CR) incentive payment model. These were previously authorized tests to change reimbursements as to certain cardiac and joint replacement services.

By Vasilios J. Kalogredis

10 minute read

August 31, 2017 | The Legal Intelligencer

Lessons Learned From the First Phase of Pa.'s Marijuana Program

With the dust settling and fuzzy math shrieks abating, Pennsylvania's medical ­marijuana program's (program) first phase has drawn to a close. Or has it?

By Steven M. Schain

9 minute read

August 29, 2017 | The Legal Intelligencer

5 Things Insurers' GCs and Their Boards Must Know for Cybersecurity

Cyberregulation and the meaning of reasonable cybersecurity measures are changing rapidly. Insurance companies are in the red zone for new regulatory schemes and heightening expectations of duties of care that are well beyond the responsibility of a company's CIO. In January, the New York State Department of Financial Services (NYDFS) promulgated 23 NYCRR 500, a first-of-its-kind cyberregulation that requires companies to conduct assessments of their information systems and affirmatively build cybersecurity policies and programs based on those assessments. This includes creating oversight committees of senior officers, reliable chains of communication, and internal reports to educate appropriate decision-makers. The regulation also requires companies to make determinations as to the materiality of risks and events that may implicate other reporting obligations, such as SEC reporting requirements of public entities. The approach outlined in the NYDFS regulation is catching on. Recent NAIC Insurance Data Security Model Law drafts (drafts four and five) are based on the regulation and incorporate many of the same requirements. So is pending legislation in other states.

By Joshua A. Mooney and Richard Borden

15 minute read