News

President Biden Signs New Executive Order Escalating US Sanctions Against Russia

By EsqSocial Corporation 19/04/21

On April 15, 2021, President Biden signed a new executive order, Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation, escalating US sanctions against the Russian government and against Russian actors that threaten US interests.

Insurance Broker Does Not Ordinarily Owe Fiduciary Duties To A Client

By EsqSocial Corporation 19/04/21

In Hitchcock Indep. Sch. Dist. v. Arthur J. Gallagher & Co., a school district sued it insurance broker for failing to obtain insurance policies that did not have arbitration and choice-of-law clauses that favored New York. No. 3:20-CV-00125, 2021 U.S. Dist. LEXIS 57452 (S. D. Tex.

Whether there is a fiduciary exception to the attorney client privilege and or work product doctrine is still an open question in Pennsylvania

By EsqSocial Corporation 19/04/21

On April 7, 2021, the Pennsylvania Supreme Court issued its decision in In re Estate of William K. McAleer, a case that fiduciary litigators and trustees had been watching for some time.

Court of Appeal Holds Only “Named Insureds” May Sue for Bad Faith Under California FAIR Plan Policy

By EsqSocial Corporation 19/04/21

In Wexler v. California Fair Plan Association (No. 303100, filed 4/14/21), Brooke Wexler’s parents insured their residence, which was located in a mountainous high-fire risk area, with a California FAIR Plan Association owner-occupied dwelling policy.

FTC Files First Case Seeking Civil Penalties For Allegedly Deceptive COVID-19 Advertising

By EsqSocial Corporation 19/04/21

The FTC flexed its new-found civil penalty muscle last week by filing the first case pursuant to the COVID-19 Consumer Protection Act, which gives the FTC authority to seek civil penalties for deceptive COVID-related acts and practices.

Former Shoe Company Executive to Plead Guilty to Embezzling $30 million

By EsqSocial Corporation 19/04/21

The former CFO of Alden Shoe Co., a Massachusetts-based shoe company, will plead guilty to wire fraud, unlawful monetary transactions, and filing a false tax return. According to the Massachusetts U.S.

Not So Fast! Ninth Circuit Clarifies the Role of Materiality in Triggering SLUSA’s Class Action Bar

By EsqSocial Corporation 19/04/21

In a noteworthy decision refining application of the Securities Litigation Uniform Standards Act (SLUSA), the Ninth Circuit recently held that SLUSA did not bar a state law class action for alleged breach of fiduciary duties brought by investors against a financial advisory firm. In Anderson v.

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - April 2021 #2

By EsqSocial Corporation 19/04/21

Legislators returned to Raleigh this week after a spring break and considered a number of bills.

Blog: Has universal proxy been resuscitated?

By EsqSocial Corporation 19/04/21

In remarks in March to the Center for American Progress, Acting SEC Chair Allison Lee said that she had asked the staff to consider whether the SEC should “re-open the comment file on the 2016 universal proxy rule proposal to take into account market developments since then and move towards final

California Legislature Considers Beefing-Up Cal/OSHA’s Enforcement Powers

By EsqSocial Corporation 19/04/21

Seyfarth Synopsis: A new Senate Bill that would radically increase Cal/OSHA’s enforcement powers is working its way through the California legislature.

Pages