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N.J. Workers' Comp Claims Hobbled by Medicare-Review Contractor Switch
Thousands of workers' compensation cases are in limbo in New Jersey because, for months, there was no one reviewing them for possible Medicare liens on recovery. The federal contractor that processed Medicare inquiries in the state stopped answering its phones in May, and a replacement didn't get its operations up and running until October. Since federal statute prohibits disposing of workers' comp cases before Medicare issues are resolved, a 3,300-case backlog emerged by the end of August.Many Are Called, but Few Are Chosen
Dell, ING, CMA, and LV= are all reviewing outside legal providers.Home Depot's Plans Renew Worries About Industrial Loan Companies
Home Depot's plans to acquire a Utah industrial loan company is sure to invigorate efforts on Capitol Hill to eliminate this controversial category of lending institution. Depending on state law, industrial loan companies, or ILCs, can offer nearly all the services traditional banks can, but their owners face much less scrutiny from federal regulators. Both the banking industry and advocacy groups are pushing Congress to prevent the creation of new ILCs and want much tighter regulations on existing ones.The Global 100 2010: Sound as a Pound
Before the downturn, the sterling's rise made strong performances by British firms look even better. Now the weaker pound is making poor results look even worse.Must a Party Exercise Good Faith in Every Transaction?
A recent case from the Western District of Pennsylvania suggests the duty of good faith is implied in every contract and at every stage of contracting.Skadden Enjoys U.K. Spotlight as High-Profile M&A Counsel
Whenever a U.S. firm is named lead counsel in a bid for a major British company, the market takes note. Skadden, Arps, Slate, Meagher & Flom's role representing Qatari investment fund Delta 2 on its $24 billion offer for British supermarket chain J Sainsbury Plc has been London's most high-profile M&A assignment of recent weeks. Earlier this year, the chain was the subject of an approach by a private equity consortium led by British buyout house CVC Capital Partners, which was advised by Clifford Chance.Freshfields, Dewey Advise on BP Sale of Pakistan Assets
The $775 million asset sale, meant to offset costs stemming from the company's oil spill in the Gulf of Mexico earlier this year, will see BP divest its Pakistan operations to Hong Kong's United Energy Group Limited.Liquidation Order Precludes Trial Court Judgment Against Insurer
When a workers' compensation insurer is in liquidation, a claim for compensation, filed by a doctor treating a worker claimant, must be decided through the proof of claim process, pursuant to The Insurance Department Act of 1921, the Commonwealth ...Trending Stories
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