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  • Legion Partners Asset Mgmt., LLC v. Underwriters at Lloyds London

    Publication Date: 2020-10-14
    Practice Area: Insurance Law
    Industry: Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge LeGrow
    Attorneys: For plaintiff: David J. Soldo, Patricia A. Winston, Morris James LLP, Wilmington, DE for plaintiff.
    for defendant: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Kim W. West, Alec H. Boyd, Clyde & Co. U.S. LLP, San Francisco, CA for defendant.
    Case Number: D69153

    Insurer was obligated to advance costs pertaining to insured's defense to counterclaims in an arbitration proceeding, because those counterclaims were within the scope of the policy.

  • Keystone Assocs. LLC v. Fulton

    Publication Date: 2019-08-21
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Timothy R. Dudderar and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; David J. Jordan and Michael R. Menssen, Stoel Rivers LLP, Salt Lake City, UT for plaintiffs.
    for defendant: Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Steven S. Scholes and Peter B. Allport, McDermott Will & Emery LLP, Chicago, IL; John R. Gerstein, Clyde & Co. US LLP, Washington, DC for defendants.
    Case Number: D67677

    Securities fraud claim dismissed where there was no express assignment of a securities fraud claim to confer standing and where the complaint expressly alleged that investment was based on a statement that was not a false representation.

  • J.P. Morgan Securities Inc. v. Vigilant Ins. Co.

    Publication Date: 2018-09-28
    Practice Area: Insurance Litigation | Securities Litigation
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: Appellate Division, First Department
    Judge: Justice Richard Andrias
    Attorneys: For plaintiff: For Respondents: Steven E. Obus and Seth Schaffer of counsel, Proskauer Rose LLP, New York
    for defendant: For Vigilant Insurance Company and Federal Insurance Company, appellants: James M. McGuire, Daniel M. Sullivan and Gregory Dubinsky of counsel, Holwell Shuster & Goldberg LLP, New York, Joseph G. Finnerty III, Megan Shea Harwick and Eric S. Connuck of counsel, and DLA Piper LLP (US), New York For Liberty Mutual Insurance Company, appellant: Scott A. Schechter, Andrew E. Oldis and Matthew Mawby of counsel, Kaufman Borgeest & Ryan LLP, New York For The Travelers Indemnity Company, appellant: David F. Abernethy of the bar of the State of New Jersey and the State of Pennsylvania, admitted pro hac vice, of counsel, Drinker Biddle & Reath LLP, Philadelphia, PA Marsha J. Indych of counsel, and Drinker Biddle & Reath LLP, New York For National Union Fire Inssurance Company of Pittsburgh, PA, appellant: Kevin J. Windels, Luke D. Lynch and Liza A. Chafiian of counsel, D'Amato & Lynch, LLP, New York For Certain Underwritters at Lloyd's, London, appellant: Edward J. Kirk, Gabriela Richeimer and Matthew Prutting of counsel, Clyde & Co. US LLP, New York For American Alternative Insurance Corporation, appellant: William Ballaine of counsel, Landman Corsi Ballaine & Ford P.C., New York
    Case Number: 600979/09

    Under 'Kokesh' SEC Disgorgement Is Penalty, Not 'Loss'; Banks Not Entitled to Coverage