Insurance & Financial Services

Law firms have ‘another risk to contemplate’ after failure of bank that catered to their needs

The failure of Signature Bank in New York could lead to delays in accessing capital by the many midsize law firms that used its services, despite the government’s takeover of the financial institution, according to reporting by Law.com.

Mar 15, 2023 12:03 PM CDT

STD contracted during car sex isn’t covered by GEICO auto policy, federal judge rules

A federal judge in the Western District of Missouri has ruled for GEICO in a lawsuit seeking a declaratory judgment that its auto policy doesn’t cover damages for a sexually transmitted disease contracted during car sex.

Mar 14, 2023 8:35 AM CDT

Law firm accused of 856 insurer misrepresentations is suspended from practice in federal district court

Houston-based law firm McClenny, Moseley & Associates has been suspended from practice in a Louisiana federal court because of a judge’s concerns about its purported representation of clients with claims related to Hurricanes Laura, Delta and Ida.

Mar 7, 2023 3:02 PM CST

Unclaimed MoneyGram checks are subject of Jackson’s first SCOTUS opinion in argued case

Updated: U.S. Supreme Court Justice Ketanji Brown Jackson issued her first opinion in an argued case Tuesday in a dispute over the right to proceeds from unclaimed MoneyGram financial products.

Feb 28, 2023 10:36 AM CST

What attorneys need to consider financially about their retirement

The transition into retirement is a major life change for attorneys. I know because I just went through this process. You need to be aware that retirement is a process, and there are some upfront considerations that are unique to lawyers before taking the plunge to leave work. As an attorney, you’re likely well aware of the lawyer’s mantra: prepare, prepare, prepare. This could not be more appropriate with a slight adjustment: prepare, plan and pamper.

Feb 16, 2023 8:45 AM CST

Prosecutors in murder trial of ex-lawyer Murdaugh can introduce evidence of alleged financial crimes, judge rules

Prosecutors in the double murder trial of once-prominent South Carolina lawyer Alex Murdaugh may introduce evidence of his alleged financial crimes to rebut defense evidence of good character, a judge ruled Thursday.

Feb 3, 2023 10:28 AM CST

Cashed check costs United Healthcare more than $2M

United Healthcare of Texas can’t pursue a claim of more than $2 million after its check-processing contractor cashed a $24,000 check offered as a settlement, a Texas appeals court has ruled.

Jan 11, 2023 9:43 AM CST

Listen to our 10 favorite podcast episodes of 2022

Looking for a new listen? We've picked our favorite 2022 episodes from each of the ABA Journal's three podcasts. And if this whets your appetite, find more than 10 years of past episodes on our podcast page. You can also check out more legal podcasts from our partners at Legal Talk Network.

Dec 23, 2022 8:42 AM CST

Sullivan & Cromwell pressured me to file for FTX bankruptcy, crypto exchange’s founder says

Indicted cryptocurrency exchange FTX founder Samuel Bankman-Fried is accusing Sullivan & Cromwell of pressuring him to seek bankruptcy protection for his company and filing documents nominating a new CEO after he tried to withdraw permission.

Dec 15, 2022 1:01 PM CST

FTX founder faces criminal and civil charges for alleged $1.8B fraud at FTX Trading

The founder of cryptocurrency exchange FTX is facing criminal and civil securities charges in connection with an alleged $1.8 billion fraud for touting FTX Trading as a safe platform for crypto asset trading while diverting investor money to his privately held hedge fund.

Dec 13, 2022 10:34 AM CST

Lawyer used deceptive ‘mobile claim center’ to solicit Hurricane Ian clients, Florida Bar alleges

A lawyer is denying allegations that she solicited Hurricane Ian clients using a truck designed to look like an operation of the Federal Emergency Management Agency or a state-run site. The lawyer said the Florida Bar’s petition for her emergency suspension is based on “a clear misunderstanding of the underlying facts and circumstances in this matter.”

Nov 23, 2022 9:35 AM CST

Supreme Court should consider right to earn a living, 5th Circuit judge says in COVID-19 shutdown case

A conservative federal appeals judge suggested in a concurrence this week that the U.S. Supreme Court should consider whether the right to earn a living is a fundamental, unenumerated constitutional right.

Nov 10, 2022 1:22 PM CST

Judge orders Trump to appoint independent monitor in New York attorney general’s $250M fraud case

The Trump Organization was ordered by a New York judge to appoint an independent monitor, a win for the New York attorney general in her $250 million fraud lawsuit against former President Donald Trump, his companies and his officers.

Nov 7, 2022 8:58 AM CST

Harvard flubbed insurance deadline, cannot access $15M policy, judge rules

Harvard University will not be able to tap into a $15 million insurance policy to cover legal expenses after failing to alert its insurer in a timely manner of the lawsuit over its race-conscious admissions program, a federal judge in Boston ruled Wednesday.

Nov 4, 2022 11:45 AM CDT

Lawyer who fought state’s motorcycle helmet law stayed true to his cause in death

A Florida lawyer who thought that motorcycle helmets should be a choice, rather than a requirement, died with his girlfriend in August in a motorcycle crash.

Oct 26, 2022 8:48 AM CDT