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August 22, 2024 | The American Lawyer

'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher AML Prosecution

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.
5 minute read
August 22, 2024 | Law.com

'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher Anti-Money Laundering Prosecution

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.
5 minute read
Marine Steel Transport Line LLC v. Eastern Metal Recycling LLC
Publication Date: 2024-08-08
Practice Area: Admiralty | Damages
Industry:
Court: U.S. District Court for the Eastern District of New York, U.S. - EDNY
Judge: District Judge Frederic Block
Attorneys:
For plaintiff: For the Plaintiffs: Derrick Storms, Solomos & Storms, Astoria, New York.
For defendant: For Defendants Eastern Metal Recycling, LLC, and Camden Iron & Metal, Inc.: Frank P. Deguilio, Charles P. Neely, Palmer Biezup & Henderson, LLP, New York, New York.
Case number: 19-CV-2275

Charter Party Undertook, Breached Duty to Repair Barges; Award's Calculation Explained

July 26, 2024 | Law.com

Massachusetts High Court Resolves Definition of 'Surface Waters' in Insurance Dispute Over Flooding Damage

"In sum, we conclude that it is ambiguous whether rainwater accumulation on roofs constitutes 'surface waters' within the meaning of the policies," Associate Justice Scott L. Kafker wrote for the Massachusetts Supreme Judicial Court. "Our conclusion that this language is ambiguous is confirmed by the inconsistency in the case law, which flows naturally from this ambiguity. As we must read any such ambiguity in the policies in favor of the policy holder, we do so in the instant case."
5 minute read
July 19, 2024 | New York Law Journal

A Bouquet of Recent Ethics Opinions

The New York State Bar Association Committee on Professional Ethics, which provides a valuable service to New York lawyers (and clients) by giving guidance to practitioners on ethical issues, has issued a number of ethics opinions in the past six months, a few of which are discussed in this article.
9 minute read
July 18, 2024 | Law.com

Herbert Smith Freehills Posts Double-Digit Rises Across Key Metrics

The firm also reported an increase in the share of its partners who are female.
2 minute read
Cold Spring Harbor Central School District v. Graphic Arts Mutual Insurance Company
Publication Date: 2024-07-09
Practice Area: Personal Injury
Industry:
Court: Supreme Court, Suffolk
Judge: Justice Joseph C. Pastoressa
Attorneys:
For plaintiff: Atty for Plaintiff(S): Farrell Fritz, Uniondale, NY.
For defendant: Atty for Defendant(S): Clyde & Co US LLP, New York, NY. Rivkin Radler, Uniondale, NY.
Case number: 604192/22

Insurance Carriers Compelled to Hand Over Discovery of Spread Sheets

July 05, 2024 | Daily Report Online

Federal Judge Finds Insurer Obligated to Defend Apartment Complex Following Fatal Fire

"Judge May's order denying summary judgment represents an accurate application of the law. The order not only follows legal precedent but also provides a clear and reasonable interpretation of the insurance policy and exclusions that Kinsale drafted," said Jeff Shiver of Shiver Hamilton Campbell.
4 minute read
July 02, 2024 | Corporate Counsel

Corporate Threats at Highest Level in 12 Years, Report Finds

Respondents to a Clyde & Co. and Winmark Global survey foresee "the competitive advantages from AI being short-lived as early innovations become commoditized over time."
4 minute read
July 01, 2024 | Law.com

Baker McKenzie Raids Cliffe Dekker for 5-Lawyer Banking & Finance Team in S. Africa

The team is led by Phetole Modika and Pitso Kortjaas who both join Baker McKenzie as partners.
4 minute read

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