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Insurer Has No Duty to Pay When Facts Withheld About Illegal Drug Use
In a $1 million victory for an insurer, a federal judge in Pennsylvania ruled there is no duty to pay a life insurance claim where a man withheld the truth about the extent of his illegal drug use and later died of an overdose. The judge found that an insured's misrepresentations about drug use should always be deemed to have been made in "bad faith."JQC holding hearing on Twiggs County Probate Judge
The Judicial Qualifications Commission, the body that investigates allegations of wrongdoing by Georgia judges, holds a hearing today to consider charges against Twiggs County Probate Judge Kenneth E. Fowler. The judge is charged with, among other things, shortchanging the rights of criminal defendants, collecting unauthorized fees and using inappropriate language in court.Jenner, Trio of Other Am Law Firms Join Duke Energy Merger Mess
Jenner & Block chairman Anton Valukas has been retained by the North Carolina Utilities Commission to assist in its investigation into whether the agency was misled in approving a $32 billion merger between Duke Energy and Progress Energy. Cravath, Sidley Austin, and Womble Carlyle have also been retained in what one former Progress director has called "one of the biggest corporate hijackings in U.S. business history."View more book results for the query "*"
Coke rallies to highest price since 1999
Coca-Cola Co. investors are paying more for protection against stock declines than ever before, increasing options bets against the world's largest soft-drink maker after it rallied to the highest price since 1999. Coca-Cola's skew, which measures how much puts cost relative to calls, climbed to a record on July 1, according to data compiled by Bloomberg.New Electronic Trading Rules Are in Effect
Stock exchanges and electronic trading platforms are contending with a new regime of trading regulations known as Regulation NMS. Aimed at increasing the efficiency and transparency of the stock trading venues, the trading phase of Reg NMS went live Monday. The rules require exchanges and electronic networks to implement procedures designed to prevent so-called trade-throughs -- where a trade is executed at a price lower than a protected quote displayed by another market.Two Miami apartment buildings bought for $1.29 million
More corporations answer call for good governance, survey shows
U.S. public companies are increasingly responding to shareholder pressure to adopt good corporate governance practices, according to Shearman Sterling's sixth annual Corporate Governance Survey. For the second year, the New York-based firm's governance survey also includes an analysis of director and executive compensation.Trending Stories
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