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Royal Bank of Canada said to seek buyers for U.S. bank
Royal Bank of Canada, the country's largest lender, is seeking buyers for its U.S. consumer banking operation a decade after entering the market, said three people with knowledge of the talks.Carriers Must Provide Opportunity to Waive UIM Stacking Waivers
Insurance companies must have their customers reject stacked underinsured motorist coverage each time they add a vehicle to their policy, the state Supreme Court has ruled.
No-Fault: Requirements for Prima Facie Case Modified
William M. Purdy, a partner at Israel, Israel & Purdy, and David M. Barshay, a partner at Baker, Sanders, Barshay, Grossman, Fass, Muhlstock & Neuwirth, write that in a recent line of cases the Appellate Term for the Second Department has imposed an additional requirement for prima facie cases for payment of no-fault benefits - that the claimant establish the truth of the statements contained in the claim forms, even in the absence of any objection to the forms by the insurer in the claim processing stage.Web tracker NebuAd sued over privacy claims
SAN FRANCISCO AP - Angry online subscribers who had their Web surfing habits tracked in detail are suing a Silicon Valley startup that created the technology and six Internet service providers that briefly used it.The 15 customers who filed the lawsuit in federal court here Monday demand more than $5 million in damages and are asking a judge to turn the case into a class action representing tens of thousands of Internet subscribers.
Law Journal Press | Digital Book
New Jersey Business Litigation 2025
Authors: Paul A. Rowe, Andrea J. Sullivan
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Guidant Chooses Boston Scientific as Merger Partner
Boston Scientific Corp. has won the battle for Guidant Corp. after the Indianapolis-based heart devices maker said it ended an agreement with Johnson & Johnson, which first sealed an agreed bid for Guidant more than a year ago. The two merging companies said their union will create one of the world�s leading medical devices companies with total revenue in 2006 of almost $9 billion.
Capital Novus Updates Document Reviewer
Capital Novus recently unveiled a new version of its eZReview document review software. Version 3.4, which began shipping last month, now includes faster searching, foreign language translation, a redesigned user interface, and a workflow tracker. The software can be hosted by the manufacturer or installed locally on the customer's equipment.SEC Settles With Insurer That Targeted U.S. Military Members
The SEC and a group of Texas regulators on Thursday announced $70 million in settlements with Texas insurer American-Amicable Life Insurance Co. for allegedly targeting American military personnel with a deceptive sales program about an investment fund. Since 2000, about 57,000 military service members who were allegedly promised they'd become millionaires invested in the fund, but most earned little or nothing. American-Amicable neither acknowledged nor denied the SEC allegations.Trending Stories
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