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January 16, 2013 | FC&S Insurance

Is Crop Insurance Program on the Chopping Block?

With estimates that the federal crop insurance program may have to cover about $16 billion in losses for 2012, there appears to be some growing bipartisan…
1 minute read
January 16, 2013 | FC&S Insurance

“Liquor Liability” Exclusion Precludes Coverage of Claims against Restaurant

A federal district court in the U.S. Virgin Islands has ruled that a plaintiff’s claims against a restaurant alleging that the plaintiff was injured…
5 minute read
January 16, 2013 | FC&S Insurance

Massachusetts Bars STOLI Policies, Limits Life Insurance Settlement Contracts

A bill barring stranger originated life insurance policies and limiting life insurance settlement contracts has been signed into law by Massachusetts Governor…
1 minute read
January 16, 2013 | FC&S Insurance

Car Purchased By Company Owner as Gift for Wife is ‘Temporary Substitute’ For Insured Company Vehicle, Court Rules

A car that the owner of a company purchased as a gift for his wife after he brought his company’s pickup truck to a repair shop was a “temporary…
4 minute read
January 16, 2013 | FC&S Insurance

Is Cabana Rented for 20 Successive Summers ‘Occasionally’ Rented?

Was a beach club cabana rented for 20 successive summers, albeit under separate yearly membership agreements, “occasionally” rented? An intermediate…
2 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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January 16, 2013 | Inside Counsel

Regulatory: Understanding the “carbon copy prosecution”

At the risk of stating the obvious, no company or individual wants to find itself under investigation by U.S. or foreign authorities.
5 minute read
January 16, 2013 | Inside Counsel

Regulatory: Conflict management for inside counsel

Failure to properly address conflicts can lead to unhappy outcomes including bar discipline, disqualification, claims for malpractice and breach of fiduciary duty, loss of privilege and confidentiality, fee disgorgement, and generally unhappy clients.
9 minute read
January 16, 2013 | Delaware Business Court Insider

Chancery Court Provides Guidance on 'Don't Ask, Don't Waive' Standstill Provisions

In two recent rulings, the Delaware Court of Chancery has provided important guidance on how so-called "don't ask, don't waive" standstill provisions - which can be utilized to encourage bidders to provide their best-offer bids during an auction - will be viewed in future litigation in Delaware. While the use of such provisions is necessarily guided by the fiduciary obligation of a target company board to obtain the best price reasonably available in an auction, the Chancery Court has recognized that "don't ask, don't waive" provisions can be an appropriate and effective tool in maximizing shareholder value in a board-run auction process.
5 minute read
January 16, 2013 | Delaware Business Court Insider

In re Novell, Inc. S'holder Litig., DeFAX Case No. D65332 (Del. Ch. Jan. 3, 2013) Noble, V.C. (51 pages).

In re Novell, Inc. S'holder Litig., DeFAX Case No. D65332 (Del. Ch. Jan. 3, 2013) Noble, V.C. (51 pages).
4 minute read
January 16, 2013 | Daily Business Review

'Ultimate Ponzi' chronicles Scott Rothstein's rise and fall

A book on Scott Rothstein tells how the corrupt lawyer was ripping off clients a decade before his $1.2 billion Ponzi scheme collapsed.
6 minute read

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