Syncora Holdings Ltd., a Bermuda-domiciled holding company, announced it has signed an agreement to sell Syncora Guarantee Inc., its wholly owned, New York financial guarantee insurance subsidiary, to Star Insurance Holdings LLC, a newly formed entity organized by GoldenTree Asset Management LP on behalf of GoldenTree’s managed funds and accounts, for $392.5 million.
ANNAPOLIS, Md. (Legal Newsline) – In its majority opinion, the Court of Appeals of Maryland recently stated that a lower court did not abuse its discretion in a case involving a $7.2 million jury award to a former Honeywell employee who claims he was was injured because of asbestos exposure and affirmed the judgment.
WASHINGTON (Legal Newsline) – A D.C.-based appeals court's reversal earlier this summer of a lower court's ruling in two class action suits against the Office of Personnel Management over a 2014 data breach may land in the U.S. Supreme Court, an Atlanta law firm said in a recent article.
WILMINGTON, Del. (Legal Newsline) – The Supreme Court of Delaware has upheld a Superior Court's decision that an Ohio man suing Ford Motor Co., Goodyear and others over his alleged exposure to asbestos must offer expert medical evidence that attributed his exposure to his contracting mesothelioma.
TRENTON, N.J. (Legal Newsline) – The Superior Court of New Jersey Appellate Division has ruled that the $1.8 million in damages awarded to a woman who was injured by a thrown glass bottle while riding on a New Jersey Transit bus should remain with no need for a new trial.
NEW YORK (Legal Newsline) – A former Fox News presenter is seeking to move her sexual harassment claims against the news channel back into state court, arguing a New York statute introduced in the aftermath of the birth of the #MeToo movement bars mandatory arbitration of the allegations.
MIAMI (Legal Newsline) – An owner of more than 200,000 acres of farmland in several Florida counties has filed a lawsuit against the U.S. Army Corps of Engineers and its district commanders in an effort to stop the Corps' continued release of water from Lake Okeechobee.
WILMINGTON, Del. (Legal Newsline) – A class action suit has been filed by a Shutterfly shareholder who claims the company omitted information and misled shareholders in its proxy statement and is attempting to halt the company's merger with Apollo Global Management.
GULFPORT, Miss. (Legal Newsline) – A Biloxi, Mississippi couple wasted no time asking a federal judge to confirm a more than $2.6 million award by an arbitrator who found Atlanta-based pest control company Orkin committed fraud when it allegedly withheld material facts from the couple about their protection contract.
PHOENIX (Legal Newsline) – Two technology companies that supply dealer management systems (DMS) to automotive dealerships have filed a lawsuit against Arizona's attorney general and director of its department of transportation challenging a state law that forces them to give access to their proprietary systems to third parties.
JACKSONVILLE, Fla. (Legal Newsline) – After almost five years, the federal government has decided not to intervene "at this time" in a whistleblower's False Claims Act lawsuit against multiple companies that allegedly supplied nonconforming ship and boat parts to the U.S. Navy and other federal government agencies.
ROBINSON TOWNSHIP, Pa. (Legal Newsline) - Bayer will not comment on "rumors and speculation," the company said following a report that it has proposed a multibillion-dollar global settlement over claims that the use of its weedkiller causes cancer.