Category Archives: Insurance

Russian Telecom Company Hit with FCPA-Related Securities Suit

There is no private right of action under the Foreign Corrupt Practices Act. However, regulatory enforcement actions under the FCPA by U.S. government authorities can and often does result in massive fines and penalties. When companies subject to FCPA enforcement are compelled to pay these penalties they often then hit with follow-on civil lawsuits arising out of or based on the anti-corruption enforcement action. In the most recent example of this anti-corruption enforcement and follow-on civil litigation sequence, earlier this week a plaintiff shareholder filed a securities class action lawsuit filed against a U.S.-listed Russian telecom company that was the subject of both criminal and civil FCPA enforcement actions that recently resulted in the company’s agreement to pay substantial fines and penalties.   Background Moscow-based Mobile Telesystems PJSC (MTS) is the largest mobile telecommunications company in Russia. The company was the subject of both a U.S.….. To continue reading this legal news please click Read full information...

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Proposed Nevada Legislation Introduces Fee-Shifting in Shareholder Litigation

A short time ago, a storm of controversy briefly emerged after a Delaware court endorsed a firm’s adoption of a fee-shifting bylaw. The controversy quieted down after the Delaware legislature adopted a statutory provision prohibiting fee-shifting bylaws. The fee-shifting provision controversy could be back, albeit this time in a different state. A Nevada legislator has introduced a bill in the state senate that would explicitly allow Nevada corporations to adopt  provisions requiring fee-shifting in unsuccessful M&A litigation, as long as the deals were approved by a shareholder majority. University of Nevada Las Vegas Law School Professor Benjamin Edwards describes the legislation in a March 18, 2019 post on the Business Law Prof Blog (here).   On March 18, 2018, Senator Yvanna Cancela introduced Senate Bill 304 in the Nevada state senate. Section 5 of the proposed legislation authorizes Nevada corporations to adopt certain provisions in their articles….. To continue reading this legal news please click Read full information...

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Ten Things to Consider and Look For in Your ERISA Life and/or Accidental Death and Dismemberment (AD&D) Insurance Plans When Selecting Benefits or You Want to File a Claim

1. Obtain a full copy of your plan. The full plan will not typically be a benefit summary or a print-out from a website. It will be fairly long and many definitions and it will recite your ERISA plan terms, … The post Ten Things to Consider and Look For in Your ERISA Life and/or Accidental Death and Dismemberment (AD&D) Insurance Plans When Selecting Benefits or You Want to File a Claim appeared first on McKennon Law Group PC... To continue reading this legal news please click Read full information...

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Insurance Agent Error and Omission—Merlin Law Group Wins Trial

An insurance agent has many responsibilities which to do correctly, requires a great amount of specific education and a lot of attention to detail. Insurance agents are important because they sell one of the most important financial products any of us can purchase. The entire purpose of the insurance product they sell protects us from…… Continue Reading ... To continue reading this legal news please click Read full information...

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Scruggs Nation, March 6: anonymous jury, more sweet potatoes

In the Scruggs bribery case, Judge Biggers granted the governments request for an anonymous jury because of concerns of potential harassment and intimidation. Heres a copy of his order, and here is an excerpt, which I have broken up into paragraphs for easier reading:.. To continue reading this legal news please click Read full information...

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