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July 27, 2012
Publication - Insurance Coverage - Insurance
Washington Court Concludes Umbrella Insurer Has a Duty to Defend Suit Against Insured Even Though Underlying Primary Insurer Similarly Has a Duty to Defend - Global Insurance Alert - In a surprising unpublished decision, the Washington State Court of Appeals recently ruled that an umbrella insurer had a duty to defend a suit against its insured despite the fact the underlying primary insurer had also previously been found to have a duty to defend the same parties in the same suit.
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July 26, 2012
Publication - Utility & Energy
Pennsylvania Commonwealth Court Voids Act 13 Zoning Provisions - Energy, Environmental and Utilities Alert - On Thursday, July 26, 2012, the Pennsylvania Commonwealth Court issued an order voiding those provisions of Act 13 that would have required municipalities to change their zoning rules to accommodate natural gas development activities.
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July 24, 2012
Publication - Bad Faith, Insurance Coverage - Insurance
Recent Arizona Court Opinion Reduces Ratio of Bad Faith Punitive Damages Award to a 1:1 Ratio to Compensatory Damages - Global Insurance Alert - In its recent decision, the Arizona Appellate Court, Division One, affirmed a bad faith verdict in the amount of $155,000 and held that the $55 million punitive damages award against the insurer was “unconstitutionally excessive.”
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July 24, 2012
Publication
The Financial Industry Regulatory Authority (FINRA) recently implemented a new securities industry rule governing the obligation of broker-dealers and their registered representatives (brokers) to make "suitable" investment recommendations to customers. FINRA Rule 2111, which went into effect on July 9, broadens the scope of the predecessor suitability rule, NASD Rule 2310, in a number of important respects.
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July 24, 2012
News
In an article titled, ''Post-Hinckley Changes Make Insanity Defense Hard for Colorado Suspect,'' Barry Boss, co-chair of Cozen O'Connor's Criminal Defense & Internal Investigations Practice Group, discusses whether James Holmes, the man accused of killing 12 people and wounding 58 at an Aurora, Colorado movie theater, will mount an insanity defense.
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July 24, 2012
News
The lawyers and staff of Cozen O'Connor mourn the untimely death of our partner and friend, Judith E. Siegel-Baum
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July 23, 2012
Publication - Utility & Energy
Recent NY Enforcement Action Highlights Need for Periodic Reviews of State Ethics Requirements - Energy, Environmental and Utilities Alert - Public utilities, as well as other entities that regularly negotiate with, appear before and attempt to influence regulators, are reminded of the importance of complying with applicable ethics laws when dealing with public officials and employees of state agencies.
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July 23, 2012
Press Release
Cozen O'Connor Announces Addition of Utilities Attorney
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July 21, 2012
Publication
The article discusses Products Liability in the realm of NCAA baseball, specifically the surge in cases brought against bat manufacturers since the NCAA permitted the use of aluminum bats in 1974. David Shimkin and Paul Zola address the doctrine of ''assumption of risk'' amidst the increased danger of aluminum bats.
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July 20, 2012
Publication - Insurance Coverage, Technology, Privacy & Data Security - Insurance
First Circuit Court of Appeals Holds Bank’s Online Security Measures “Commercially Unreasonable” in Landmark Decision - Global Insurance Group Alert - In a landmark decision, the 1st Circuit Court of Appeals held in PATCO Construction Company, Inc. v. People's United Bank, No. 11-2031 (1st Cir. July 3, 2012) that People's United Bank (d/b/a Ocean Bank) was required to reimburse its customer, PATCO Construction Co., for approximately $580,000 that had been stolen from PATCO's bank account...
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July 20, 2012
News - Family Law
Cozen O’Connor Member Discusses Colorado Theater Shooting on Fox News
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July 19, 2012
Press Release - Real Estate, Real Estate Litigation
Cozen O’Connor Adds Howard Grossman to Real Estate Practice
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July 19, 2012
Publication - Environmental Litigation & Enforcement, Environmental Regulatory & Due Diligence
D.C. Circuit Upholds EPA Greenhouse Gas Regulations - Energy, Environmental and Utilities Alert - On June 26, 2012, the U.S. Court of Appeals for the D.C. Circuit upheld a suite of U.S. Environmental Protection Agency (EPA) actions related to the regulation of greenhouse gas (GHG) emissions under the federal Clean Air Act (CAA).
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July 16, 2012
Publication
SEC Addresses Extraordinary Volatility in Stock Market - Securities Offerings and Regulation Alert! - On June 1, 2012, the Securities and Exchange Commission (SEC) announced two new initiatives to address extraordinary volatility both in individual stocks and the stock market as a
whole. The initiatives were submitted by the Financial Industry Regulatory Authority (FINRA) after the stock market drastically dropped in a matter of minutes and the existing rules failed to
stop the plunge.
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July 15, 2012
News - Zoning, Land Use & Development
Ken Fisher quoted in Crain’s New York Business
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July 12, 2012
Publication
Keeping Up With Escalation Clauses - New York Law Journal - Escalation provisions are complex in form and very dry reading, however, the failure to carefully read and understand such provisions can be very costly. In the article, Menachem Kastner uses the Murray Hill Mews Owners v. Rio Restaurant Associates case to demonstrate the importance of the statement above, noting that, "In the end, the time expended to understand these clauses will be well worth it."
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July 10, 2012
News
In an article titled, ''New Risks in Pitching Ideas to Prospects,'' Joseph Dever, a member of Cozen O'Connor's Commercial Litigation Department, discusses the Financial Industry Regulatory Authority’s suitability rule, particularly its interpretation among brokers.
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July 06, 2012
News - Tax
Cozen O’Connor, PLS Introduce PA Tax Recap
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July 05, 2012
Publication - Subrogation & Recovery - Insurance
General Motors is recalling nearly all Chevy Cruze models built in the United States since the vehicle’s introduction two years ago. The company knows of 30 fires caused by the problem, but no injuries have been reported, spokesman Alan Adler said. Flames engulfed and destroyed cars in two cases reported to federal safety officials.
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July 05, 2012
Publication - Utility & Energy
Pennsylvania Amends Municipality Authorities Act to Restrict Authority Expenditures - Energy, Environmental and Utilities Alert - On June 27, 2012, Pennsylvania Governor Tom Corbett signed into law Senate Bill 375, which had been approved by a vote of 47-0 in the Senate on June 13 and by a vote of 196-0 in the House on June 19. The bill places certain restrictions on municipal water and sewer authorities’ ability to expend resources on activities not related to their core purpose.
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