Fri.Jul 12, 2024

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New Citators from vLex and Paxton Underscore That They Are The Holy Grail for Legal Research Companies

Law Sites

Citators — tools that validate whether a case or statute is still good law — have always been an essential component of a full-featured legal research platform. But in this age of AI-generated hallucinations, they may be more important than ever before.

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Attorneys Live Streaming on LinkedIn Live: Most Law Firms Are Missing Out

Attorney at Work

Julie Savarino | Live streaming can build attorneys’ credibility and reputation faster than traditional webinars or other online events. The post Attorneys Live Streaming on LinkedIn Live: Most Law Firms Are Missing Out appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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Allstate Seeking 34% Rate Hike on California Homeowners Insurance

Insurance Journal

Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023.

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Gen AI and attorneys aren’t (yet) working well together, survey finds

Legal Dive

Lawyers were the most dissatisfied with generative AI results among corporate work groups, according to a quarterly Bain survey.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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What Happened to Reinsurance Class of 2023? Hard Market Defies Age-Old Patterns.

Insurance Journal

Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs.

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Legal Turmoil in the Pharmaceutical Industry: AbbVie, Purdue, and Beyond

Complex Discovery

Editor’s Note: In a legal confrontation that could significantly impact the pharmaceutical industry, AbbVie has petitioned the U.S. Supreme Court to shield its corporate records from disclosure, challenging a lower court decision that threatens the integrity of attorney-client privilege. This case, alongside ongoing legal battles involving Purdue Pharma and other major pharmaceutical entities, underscores the intricate and often contentious relationship between corporate practices, regulat

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Other Barks & Bites for Friday, July 12: Senate Passes Bill to Curb ‘Patent Thickets’; EU Publishes Final Text of New AI Act; Bipartisan Group of Senators Introduces Bill on AI and Copyright

IP Watchdog

This week in Other Barks & Bites: A group of senators introduces the COPIED Act; WIPO begins its annual assemblies meetings; and the European Union publishes the final text of its landmark AI Act.

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Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts

Insurance Journal

Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax breaks for homeowners struggling with higher insurance premiums.

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Bill Hwang

Securities Docket

From the beginning, the mystery of Bill Hwang is that there has never been any real evidence that he had a plan to make money. He bought stocks, he pushed them up, he had paper profits, he had capacity to withdraw or borrow against some of those paper profits, and he plowed basically all of them back into buying more of the same stocks. He never took his foot off the gas; he was pouring more money into those stocks the week they all collapsed.

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California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Insurance Journal

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll— representing a 2.1% percent decrease from last year.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler

Securities Docket

The judge took specific issue with Coinbase requesting documents from Gensler predating his term as chair of the regulatory agency. Kevin Schwartz, an attorney with Wachtell, Lipton, Rosen & Katz representing Coinbase, said the agency has refused to even discuss the totality of the documents Coinbase might have, but that Gensler’s communications were relevant to the case.

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Ships Fleeing the Red Sea Now Face Perilous African Weather

Insurance Journal

Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run one vessel aground and seen another lose more than 40 containers overboard.

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Government Whistleblower and Compliance Programs Share Same Goals

Securities Docket

Whistleblower programs and companies’ internal compliance processes aren’t in competition for information from whistleblowers. Counsel representing individuals who participate in government whistleblower programs understand that such a conclusion has it all wrong. According to the Securities and Exchange Commission’s fiscal year 2017 annual report to Congress on its whistleblower program, about 62% of award recipients from fiscal years 2012 to 2017 were current or former insiders of the entities

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Abbott Accused at Trial of Hiding Fatal Risk of Infant Formula

Insurance Journal

Abbott Laboratories hid the risks of its premature-infant formula causing a potentially fatal bowel disease from parents even though company officials acknowledged the peril in internal documents, a lawyer told a Missouri jury.

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Experienced Litigator Stephen Ma Joins Saul Ewing’s Los Angeles Office | Saul Ewing LLP

Securities Docket

In joining Saul Ewing as a new partner, Stephen Ma brings the firm’s clients nearly 30 years of experience as a litigator representing public and private companies and their officers, directors, members and investors. He is resident in the firm’s Los Angeles office.

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Insurers Hike Rates as Extreme Storms Like Beryl Proliferate

Insurance Journal

Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response.

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With Silicon Valley help, Leya carves an AI legal assistant niche outside the U.S.

Legal Dive

The Sweden-based company is making a push into the Spanish-language legal landscape, where generative AI companies have less of a presence.

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Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut

Insurance Journal

In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review.

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SEC Ends Probe Into Paxos Over Binance USD Token – WSJ

Securities Docket

The Securities and Exchange Commission has ended its investigation into Paxos Trust in relation to Binance USD, a digital asset that Paxos issues and lists, the cryptocurrency platform said Thursday. Paxos said it received a formal termination notice on Tuesday from the SEC, saying it won’t recommend taking an enforcement action against the firm over BUSD, a Binance-branded stablecoin pegged to the dollar on a one-to-one ratio.

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Lawsuit Against West Virginia Troopers Settled in Death of Maryland Man

Insurance Journal

CHARLESTON, W.Va. (AP) — A judge approved a $1 million settlement Tuesday in a wrongful death lawsuit that accused West Virginia state police troopers of using excessive force on a Maryland man who was walking along a highway last year.

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Chief of EDNY’s Criminal Division Joins Covington | Covington & Burling LLP

Securities Docket

Kristin Mace, the former Chief of the Criminal Division in the U.S. Attorney’s Office for the Eastern District of New York, has joined Covington’s White Collar Defense and Investigations Practice in New York as a partner.

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Hurricane Beryl’s Remnants Spawn Severe Storms in Midwest and Northeast

Insurance Journal

INDIANAPOLIS (AP) — The remnants of Hurricane Beryl dropped tornadoes and threatened flooding Wednesday as the system churned into Canada and the northeastern U.S. after leaving millions in the Houston area without power.

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Legal Fee Tracker: Billions on the line in fee fight over Musk pay | Reuters

Securities Docket

It’s hard to overstate the stakes for the lawyers who persuaded a Delaware judge to void Tesla founder’s Elon Musk’s $56 billion pay package. The size of the legal fee they are requesting is undoubtedly vast: more than 29 million Tesla shares, valued at $7.74 billion as of Thursday morning’s market opening. And so is the gulf between that sum and what Tesla – and many of its investors – think the lawyers may actually deserve for their work on behalf of a lone

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Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS

Insurance Journal

Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire.

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Supreme Court Roundup

Practice of Law

The U.S. Supreme Court had another monumental term. Some cases involved novel issues for the court, such as the one granting the President immunity from almost all criminal charges. Other rulings, such as Loper Bright Enterprises v. Raimondo, overturned decades of precedent. While some decisions were made on ideological lines, several notable rulings were unanimous or did not break according to conservative or liberal factions.

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Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says

Insurance Journal

US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe.

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South Africa Storms in Western Cape Cause Damage to 35,000 Homes

Insurance Journal

Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the city of Cape Town, Executive Mayor Geordin Hill-Lewis said.

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Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather

Insurance Journal

A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from the world’s third-largest petroleum reserves.

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Half a Million Will Be Under Houston Outages a Week After Beryl

Insurance Journal

Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights.

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NTSB Investigating Crash of Small Plane That Killed Three in North Carolina

Insurance Journal

MARION, N.C. (AP) — Three people were killed when a small plane crashed in western North Carolina, officials said Monday.

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Greece Fights Deadly Fire on Aegean Island as Temperatures Soar

Insurance Journal

Greece is fighting a deadly fire on the island of Lesvos, as temperatures in some parts of the country exceed 40C (104F).

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People Moves: Leif Assurance Promotes Worden to Sales Manager

Insurance Journal

Leif Assurance, headquartered in St. Louis, promoted Robert Worden to sales manager. Worden will also serve as the commercial lines’ sales manager for Leif’s sister company, Powers Insurance & Risk Management.

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AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded

Insurance Journal

AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S.

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Texas Steel Plant Fined $269K for Endangering Workers

Insurance Journal

Two years after the U.S.

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Tennessee Sheriff Pleads Not Guilty to Using Prison Labor for Personal Profit

Insurance Journal

MEMPHIS, Tenn.

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