In ExxonMobil Corp. v. Natl. Union Fire Ins. Co. of Pittsburgh, PA, Texas Supreme Court held that an insurance policy did not incorporate the payout limits of an underlying service agreement and thus the insured was entitled to the higher limits under the insurance policy.
In 2009, the Supreme Court of Ohio held that a plaintiff could not hold a law firm responsible for the actions of an employed attorney if the plaintiff did not pursue a timely.
New York State’s Prompt Payment Act provides a potential workaround for the invalid pay-when-paid provisions that appear in construction contracts. The New York State's Appellate Division's decision in Bank of America v. ASD Gem Realty narrows, if not closes, that loophole.
As an update to our March 8, 2022 blog post discussing coverage for phishing scams in the context of Ernst & Haas Mgt. Co. v. Hiscox, Inc., 23 F.4th 1195 (9th Cir. 2022), a new Alaska.
On March 16, 2022, in a unanimous decision the Delaware Supreme Court affirmed a Superior Court ruling that a securities class action and a later-filed opt out action were related.