Legal News

It is well established that policies of insurance are contracts, subject to basic contract law. While parties are generally permitted to contract as they wish, such privilege is not absolute in the context of insurance; required coverage may not be...By: Nexsen Pruet, PLLC

A new federal bill would ban loot boxes, the controversial in-game rewards that have recently made headlines....By: Manatt, Phelps & Phillips, LLP

The United Kingdom is taking a careful look at potential direct investments by foreign entities. While the UK certainly works hard to attract investor interest, concerns relating to certain sectors can trigger government scrutiny and oversight....By: Jones Day

In July 2015, Toshiba Corporation (“Toshiba”) revealed that it had overstated its profits by billions of dollars. As a result, Toshiba implemented a plan to sell a subsidiary to Canon Inc. (“Canon”). In March 2016, Toshiba sold to Canon its...By: Stinson - Corporate & Securities Law Blog

Presented as a flagship measure of economic reform, the law on growth and business transformation, known as the PACTE Act, came into force on May 24, 2019. Among the changes in the corporate/M&A practice, article 102 of the PACTE Act deserves a...By: White & Case LLP

On July 4, 1776, the thirteen American colonies formally severed their ties to the English throne and parliament. It took a war (which commenced a little over a year earlier) to actually effectuate the severing of those ties. But with the Treaty of...By: Weil, Gotshal & Manges LLP

Oregon has enacted a new gross receipts tax (the “Oregon CAT”), largely based on the Ohio commercial activity tax (“Ohio CAT”), but with significant differences.  We issued a legal update with a detailed summary of the Oregon CAT and its effect on...By: Lane Powell PC

In North Carolina, the economic loss rule will not bar recovery on a negligence claim when there is no contract between the parties. In Lord v. Customized Consulting Specialty, Inc., a general contractor contracted with the plaintiff owners to...By: Nexsen Pruet, PLLC

The Northern District of Illinois held earlier this week that disgraced former Illinois state representative Keith Farnahan’s homeowner’s insurer is not required to cover Farnahan’s civil liability for child pornography.  The court reasoned that the...By: Traub Lieberman Straus & Shrewsberry LLP

The White House announced on Friday that the US and Mexico reached a deal that it deemed sufficient to keep from levying the threatened 5% tariffs on Mexican goods that was set to take effect today. As details of that deal have emerged, however,...By: Robins Kaplan LLP