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Hacked Tech Company Not Entitled to Cyber Coverage for Debt Payment Wired by Client to Hackers' Bank Account | Hinshaw & Culbertson - Insights for Insurers

To embed, copy and paste the code into your website or blog: Alorica Inc., a technology services company, was the victim of an apparent phishing attack in October 2017. After gaining access to Aloricas email system, hackers created rules to prevent Alorica from seeing their communications and then emailed Aloricas clients, asking them to send funds due to Alorica to fraudulent bank accounts. One of those clients, Express Scripts, responded to the hackers emails and wired more than $4.8 million ...
United States Hinshaw Culbertson Alorica Inc Express Scripts Privacy Risk Response Ninth Circuit

Cigna, Oscar Health expanding reach of cobranded plans in California

Cigna and Oscar health are expanding the reach of their cobranded health plan. (Getty/michaelquirk) Cigna and Oscar Health are expanding access to their cobranded health plan to more regions in California. When the two insurers unveiled their Cigna + Oscar plans—which target small businesses—last summer, the plans were initially available in Atlanta, Tennessee and select California counties, namely the San Francisco bay area. The plans reach will grow to include the Bay Area, Central Coast...
San Francisco Bay United States San Diego Orange County Bruce Grimm Los Angeles

Delaware Declares That Deliberate Fraud Is Indeed Something Completely Different than Reckless Fraud | Weil, Gotshal & Manges LLP

To embed, copy and paste the code into your website or blog: By now we should all be well-schooled in the various types and sources of fraud claims, as well as the dangers of undefined fraud carve-outs to the sell-side in an M&A transaction governed by Delaware law. But a recent decision by the Delaware Supreme Court, Express Scripts, Inc. v. Bracket Holdings Corp., 2021 WL 752744 (Del. Feb. 23, 2021), provides an opportunity to reaffirm that prior schooling and ensure, for the sell-side, that...
United States Delaware Superior Court Bracket Holdings Corp Delaware Supreme Court Scripts Inc Express Scripts

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Tides Continue to Shift as Novartis' Cosentyx and Eli Lilly's Taltz Experience Early Success in Non-Radiographic Axial Spondyloarthritis

Share this article Share this article EXTON, Pa., Feb. 17, 2021 /PRNewswire/ -- Approved just two weeks apart in June of last year for the treatment of non-radiographic axial spondyloarthritis (nr-axSpA), in-class competitors, Novartis Cosentyx and Eli Lillys Taltz, have since experienced rapid uptake. According to feedback from 97 US rheumatologists in the latest report included in Spherixs RealTime Dynamix ™ service, the official entrance of the IL-17 inhibitors is causing a shift in the ...
Novarti Cosentyx Eli Lilly Taltz Abbvie Rinvoq Kristen Henn Our Services Business Development

Orexo Q4 2020, incl. Full Year Report

Progress while adjusting to new market dynamics  From a management perspective, the most important factor for success is to be an agile company, ready to accelerate development and to capture opportunities when they arise, but also be prepared to shift priorities when the market requires it. The quarter has seen progress on many fronts, with US Pharma showing net revenue growth in local currency comparing to last quarter and improved EBIT margin, Digital Therapeutics (DTx) testing new reimbur...
United States United Kingdom Uppsala Lan Lena Wange Joseph Defeo Ir Communications

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