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Insurer to pay $20 million in bad faith case over dram shop suit
IN THE LARGEST settlement to date in a Pennsylvania insurance bad faith case, the Princeton Insurance Co. has agreed to pay $20 million to settle a claim brought on behalf of a tavern that was hit with a $75 million verdict in a Dram Shop Act suit after the insurer refused to settle the case for the tavern's policy limit of $1 million.Panel Affirms Neglect Ruling for Leaving Child on Train
Talking Up a Storm: E-Books and Text-to-Speech Technology
Amazon's recent foray into the electronic book business can be described in no other way than as a resounding success. In a short period of time, Amazon's Kindle has done for the electronic book what Apple's iPod did for electronic music: that is, make it easily accessible, downloadable and, most importantly, cool.Texas Supreme Court Considers Insurers' Use of 'Captive' Firms
Last week the Texas Supreme Court heard arguments in a case addressing insurers' use of staff counsel and so-called "captive law firms" -- insurance company-employed lawyers -- to defend Texas policyholders against suits. Numerous large insurance companies in Texas use captive firms, employing about 175 lawyers, according to one attorney's estimate. The attorneys who argued the case in the Supreme Court were all pleased by the court's level of debate, but not surprisingly, predicted different outcomes.Wine 'em, dine 'em -- and sign 'e
Lawyer Tim Zagat and his lawyer wife, Nina, have made a pretty good living publishing their eponymous surveys of the best restaurants in major cities across the country and around the world. The National Law Journal asked Mr. Zagat to turn his knowledge of eateries to the task of rainmaking and to come up with some rules for picking a good restaurant at which to woo a potential or existing client, along with a list of such places he thinks fit the bill.Opinion Letters Become Flash Point for Privilege Dispute
In oral arguments on Wednesday, the California Supreme Court will be asked to decide whether factual information -- such as witness statements and fact summaries -- is as privileged in opinion letters as the legal advice being given. Specifically, the court will be asked to decide whether trial court judges may conduct in camera reviews of opinion letters and then share redacted versions of them with the opposing party.Judge Reduces Partner Interest in Law Firm Sought by Wife
An attorney who rose to partner by virtue of his own "tenacity" and "perseverance," has to hand over only 25 percent of the value of his partnership interest to his estranged spouse, a judge in Westchester, N.Y., has ruled. During most of his nearly 30-year marriage, Stuart Fleischmann, a partner in Shearman & Sterling's capital markets group, was the sole breadwinner, while his wife, Toni, stayed at home with the couple's three children, attended firm functions and hosted clients at their home.High Court Decides Two Cases Related to Flooding and Takings
In two separate cases decided on June 25, the Texas Supreme Court addressed whether governmental entities "took" private property because of flooding and needed to pay the property owners.Trending Stories
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