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Insurers Cannot Blend Family's Losses to Madoff, Justice Rules
Manhattan Supreme Court Justice Richard B. Lowe III ruled that the coverage must be based on the difference between how much the plaintiffs put into Bernard Madoff's fraudulent fund, and how much they took out - not, as they had argued, on the losses reflected by their fraudulent account statements from Mr. Madoff.Law Firm Cash Makes Its Mark in U.S. Senate Races
The presidential election isn't the only race luring lawyers and law firms. U.S. Senate races have attracted significant dollars from the legal industry in several states, such as Texas, Louisiana and Minnesota, according to the Center for Responsive Politics, a nonpartisan organization that tracks federal elections.Spouse's Bankruptcy Trumps Divorce; Wife Loses Marital Assets
Another NY Partner Makes Candidacy for DA Official
New Ruling Precludes Insurers From Contesting Indemnity Coverage
Kasowitz, Benson, Torres & Friedman's Robin L. Cohen, Elizabeth A. Sherwin and Jack P. Winsbro write: Recognizing New York's long-standing protection of a policyholder's contractual right to a contemporaneous defense, the Court of Appeals recently enunciated a new rule of preclusion for an insurer that disclaims a defense obligation.New Year Brings a Surge of Lateral Hires
The first few weeks of 2008 already have marked an abundance of lateral hires among partners making a switch for better opportunities -- or so they hope -- at some of the nation's biggest law firms. So far the areas of practice for lateral hires are across the board, though movement in bankruptcy and finance already look particularly active. In one of the more prominent switches, DLA Piper has recruited William Goldman from Sidley Austin to join its restructuring and bankruptcy practice group in New York.Morgenthau's Top Deputy Resigns Over Lack of Support for D.A. Run
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