Credit: MasterSergeant/Adobe Stock Insurer's High Court Win Could Defang Legislative Push to End Stacking
"Mione shows you don't even need the legislation because the courts are interpreting stacking consistently," said Scott Cooper of Schmidt Kramer.
February 16, 2023 at 03:37 PM
3 minute read
Insurance Litigation
The Pennsylvania Supreme Court upheld an exclusion to an uninsured and underinsured motorist policy Wednesday in a unanimous opinion emphasizing the limits of a key precedent on stacked coverage.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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