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Second Circuit Weighs in on Scope of Business Enterprise Exclusion, Finds It Bars Coverage for Legal Malpractice Suit | Carlton Fields

Directors and officers (D&O) and errors and omissions (E&O) policies often contain “capacity” limitations, which restrict coverage to claims against the insured alleging acts undertaken...
United States Allan Applestein Howard Kleinhendler Diatomite Corporation Of America Second Circuit Court Wachtel Missry

Insured v. Insured Exclusion Bars Coverage For Lawsuit Brought By Both Insureds And Non-Insureds - Insurance Laws and Products

The U.S. Court of Appeals for the Second Circuit, applying Kentucky law, has held that a D&O policy's insured v. insured exclusion barred coverage for a lawsuit
United States Us Court Second Circuit Sixth Circuit Insuredv Insured Exclusion Bars Coverage For Lawsuit Brought By Both Insureds And Non Insurance Laws And Products
Source: mondaq.com

Are Unmatured Lease Obligations Considered Noncontingent Debt for Purposes of Calculating Eligibility to File a Subchapter V Bankruptcy? | Thompson Coburn LLP

Congress passed the Small Business Reorganization Act of 2019 (the "SBRA") to benefit small businesses. The SBRA established a new framework within Chapter 11 of the Bankruptcy Code,...
United States New York Bankruptcy Court Thompson Coburn Macedon Consulting Inc Small Business Reorganization Act

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Second Circuit Affirms Dismissal Of Putative Class Action Against Tobacco Company Alleging False Statements About Scientific Studies and Sales Outlook | Shearman & Sterling LLP

On December 26, 2023, the United States Court of Appeals for the Second Circuit affirmed a district court’s dismissal of a putative class action asserting claims against a tobacco...
United States Philip Morris Intl Inc Laborers District Council Construction Industry Pension Fund Omnicare Inc Drug Administration Tobacco Products Scientific Advisory Committee

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