(Absent Insured Status and Insurable Interest in Property by Church Entity, Insurer Was Not Entitled to Contribution or Subrogation Against Other Insurer)
Read more(Insured Limited to Cost of Replacing Building at New Location as Opposed to Estimated Cost of Replacement at the Original Insured Location)
Read moreOn March 23, 2022, the Ohio Supreme Court issued a decision in Motorists Mutual Insurance Company v Ironics, Inc., et al., Slip Opinion 2022-Ohio-84. The court ruled that an umbrella insurance policy provides liability coverage for claims against an insured for supplying a contaminated ingredient (in this case, tube scale) that was incorporated into a final product (namely, glass containers). The “your work,” “your product,” and “impaired product” exclusions did not apply.
Read moreThe FDIC recently published a Notice of Proposed Policy Statement that seeks to provide a framework for the safe and sound management of large banks’ exposures to climate-related financial risks. While the proposed policy would apply only to the largest commercial banks at this time, the FDIC has signalled the broader implications of the new policy.
Read moreBeginning July 1, 2022, Illinois trial courts will begin imposing new time standards for closing out pending cases. This change follows the Illinois Supreme Court’s March 25, 2022 announcement setting new time standards for case closure in trial courts. This announcement will apply to all cases filed in the State of Illinois on or after January 1, 2022.
Read moreThe New Jersey Appellate Division’s recent decision in Gilbert Antonucci v. Curvature Newco, Inc., et al., Docket No. A-1983-20 (February 15, 2022), confirms what was understood to be the law: a properly drafted and consented-to employer-employee arbitration agreement is binding notwithstanding the prohibition on mandatory arbitration for discrimination claims set forth in the New Jersey Law Against Discrimination (NJLAD) because the Federal Arbitration Act (FAA) preempts that prohibition as to arbitration agreements governed by the FAA.
Read moreIn Compere v. Nusret Miami, LLC, et. al., Case No. 20-12422 (11th Cir. March 21, 2022), a three-judge panel from the United States Court of Appeals for the Eleventh Circuit unanimously upheld a district court decision that celebrity restaurateur and Lewis Brisbois client Nusret Gökçe (also known as “Salt Bae”) and his Miami steakhouse were in compliance with the Fair Labor Standards Act (FLSA) when they used an 18% mandatory service charge to fulfill the restaurants minimum wage and overtime obligations.
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