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Insurer Says Reinsurer Must Post More Than $800,000 In Pre-Pleading Security
NEW HAVEN, Conn. - An insurer told a Connecticut federal court on Feb. 27 that its reinsurer is not authorized to do business in Connecticut and, therefore, must post pre-pleading security per a...
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A Basic Description Of Cat Bonds And A Brief History Of The Catastrophe Bond...
By Cliff Schoenberg and Richard Spitzer Introduction In 2012, Glacier Reinsurance AG, the sponsoring company of a catastrophe bond (or "cat bond") transaction pursuant to which cat bonds were issued by...
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Briefs In Class Arbitration Dispute Submitted To U.S. Supreme Court
WASHINGTON, D.C. - An arbitrator acted well within his authority when he determined that a dispute over a health insurer's reimbursement of physicians' claims may proceed as a class arbitration, a...
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Strip Search Class Denied Certification By New York Federal Judge
SYRACUSE, N.Y. - A New York federal judge on March 8 declined to certify a class of people subjected to strip searches by the Syracuse Police Department, finding that the plaintiff failed to meet...
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Class Of Arizona Prisoners Suing Over Medical Care Granted Certification
PHOENIX - An Arizona federal judge on March 6 certified a class of Arizona prisoners suing corrections officials for allegedly failing to provide them with necessary medical care (Victor Antonio...
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9th Circuit Reverses, Vacates Certification In Newspaper Workers' Wage Suit
SAN FRANCISCO - The Ninth Circuit U.S. Court of Appeals on March 4 vacated findings of commonality and predominance in a wage-and-hour class suit brought by newspaper employees and remanded for...
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Certification Of Hygienists' Wage-And-Hour Suit Denied For Too Little Interest
TAMPA, Fla. - Two dental hygienists failed to prove that there is sufficient interest from potential class members in their wage-and-hour complaint against their former employers after only two people...
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Class Of Wells Fargo Workers Seeking Overtime Granted Certification
ST. LOUIS - A Missouri federal judge on March 11 conditionally certified a class of financial advisers suing their employer for overtime alleging that they were required to list a set amount of hours...
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LinkedIn Privacy Suit Dismissed For Lack Of Standing
SAN JOSE, Calif. - A California federal judge on March 6 dismissed for lack of standing a class complaint accusing an online networking site of various privacy violations after a hacker allegedly...
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Ohio Judge Partially Strikes Class Claims In Suit Over Foreclosure Fees
CINCINNATI - An Ohio federal judge on March 8 partially struck a class complaint accusing a mortgage lender of overcharging customers foreclosure fees and ordered the selection of a new class...
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2nd Circuit Reinstates, Remands Workers' State Gap-Time Claims
NEW YORK - The Second Circuit U.S. Court of Appeals on March 1 upheld the dismissal of a class of health care professionals' overtime claims against their employer but vacated the dismissal of their...
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California Federal Judge Dismisses Pitney Bowes Privacy Suit As Untimely
LOS ANGELES - A California man's class complaint accusing a business-mailing solutions company of privacy violations was dismissed March 5 by a California federal judge who determined that the...
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California Federal Judge: CVS Worker May Amend Donning, Doffing Claim
FRESNO, Calif. - A California federal judge, in an order filed March 4, dismissed a distribution center worker's wage-and-hour claim; he granted her leave to amend her claim seeking compensation for...
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Illinois Federal Judge Dismisses Donning, Doffing Class Claims
CHICAGO - An Illinois federal judge on March 8 granted a partial motion for summary judgment filed by two poultry processing companies accused of failing to pay their employees for time spent donning...
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Plan Participants Fail To Show That Fiduciary Breach Caused Losses, Judge Finds
DURHAM, N.C. - Participants in R.J. Reynolds Tobacco Co.'s 401(k) plan are not entitled to recover for breach of fiduciary duty under the Employee Retirement Income Security Act based on the removal of...
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2nd Circuit: Presumption Of Prudence Doesn't Apply To Particular UBS Plan
NEW YORK - The fiduciaries of an eligible individual account plan (EIAP) that permits investment in employer stock but does not require or "strongly encourage" such investments are not entitled to the...
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Pennsylvania Federal Judge Dismisses Class Action Over Policy Stacking
SCRANTON, Pa. - Determining that an auto insurer lawfully declined to stack coverage of policies covering antique cars, a Pennsylvania federal judge on March 5 dismissed a class action alleging...
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Credit Card Agreement Permits Call Recording, Federal Judge Rules
SAN DIEGO - A federal judge in California on Feb. 26 dismissed a putative class action alleging that FIA Card Services, National Association (FIA) invaded consumers' privacy by recording phone...
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6th Circuit: Health Insurer Properly Denied Benefits In Eating Disorder Suit
CINCINNATI - A panel of the Sixth Circuit U.S. Court of Appeals on March 4 affirmed that a health insurance company did not err in denying coverage for the treatment of eating disorders (Mark Brigolin,...
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Permanent Nuisance Claim Survives In Kentucky Action Against Hog Factory Farms
PADUCAH, Ky. - The U.S. District Court for the Western District of Kentucky judge presiding over a certified class action for damages against the owners of confined hog feeding barns in Marshall...
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