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Applying PREP Act Immunity in Shareholder Derivative Litigation

The application of the PREP Act is being more actively litigated now than ever before because of the pandemic. An unresolved question is whether the PREP Act provides protection to companies and their executives who are sued in shareholder class action suits. ....

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UK Supreme Court Rules BI Insurance to Cover Pandemic Losses

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U.K. high court extends reach of business interruption coverage for policy holders – What do U.S. insurers need to know?
Tuesday, January 26, 2021
Last week, the United Kingdom’s Supreme Court issued a landmark ruling (the “Judgment”) analyzing the extent to which business interruption coverage applies to losses caused by the 2019 novel coronavirus (COVID-19) pandemic and resulting government restrictions. In a ruling that bucked the trend of most American decisions on the topic, the U.K. Supreme Court found that some losses caused by COVID-19 and consequent local or national restrictions should be covered by business interruption coverage.
The FCA Ruling ....

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