News

K&L Gates OKs settlement of $23.7M in LeNature’s legal malpractice case

By EsqSocial Corporation 29/01/14

A major Pittsburgh-based international law firm and one of its top attorneys have agreed to pay $23.7 million to settle a malpractice lawsuit brought by a bankruptcy trustee winding up the affairs of a former client.

Not All Policies Are Created Equal: Evergreen State Appeals Court Blocks Policyholder Reach to Excess Insurance After Settlement With Primary Insurer

By EsqSocial Corporation 29/01/14

The decision in Quellos Group LLC v. Federal Insurance Co., No. 68478-7-1 (Wash. Ct. App. Nov. 12, 2013) is a reminder that vague policy language can be costly. You may not have access to your excess insurance funds. The Court of Appeals of...

Supreme Court Finds Middle Ground on Definition of “Clothes” Under the FLSA

By EsqSocial Corporation 29/01/14

On Monday, January 27, 2014, in unanimously affirming the Seventh Circuit’s judgment in favor of U.S. Steel Corporation in Sandifer v. United States Steel Corp., the Supreme Court forged a middle ground on the meaning of the term “changing clothes”...

Loan Financing Remains an Attractive Option in Southeast Asia

By EsqSocial Corporation 29/01/14

The second annual Borrowers & Investors Forum, Southeast Asia was held in late 2013 in Singapore. The forum explored fixed income funding and portfolio opportunities in the region....
By: Latham & Watkins LLP

Wife's Undue Influence Over Changes Made to Husband's Trust Voids Changed Terms of the Trust

By EsqSocial Corporation 29/01/14

A California court of appeal affirmed a ruling voiding the terms of a trust after finding that there was ample evidence to support that the decedent's wife used undue influence over him to change the trust. The court held in Lintz v. Lintz (January...

Healthcare Update: But How Will They Pay For It?

By EsqSocial Corporation 29/01/14

The end of 2013 proved a remarkable, albeit brief, period of bipartisanship as the Committees of jurisdiction worked together to adopt legislative solutions to several pressing national health care concerns. While the last few months of the year were...

SEC Obtains $5.6 Million Judgment Against Stockbroker for Insider Trading of Burger King Stock

By EsqSocial Corporation 29/01/14

Earlier this month, the US District Court for the Southern District of New York entered a $5.6 million judgment in favor of the Securities and Exchange Commission against Waldyr Da Silva Prado Neto (Prado), a Brazilian citizen formerly employed by...

Delaware Court Rules in Favor of Former LLC Member in LLC’s Competition Claim

By EsqSocial Corporation 29/01/14

Last week, the Delaware Court of Chancery ruled that because a limited liability company (LLC) agreement did not contain a provision precluding or restricting competition, i.e., a non-compete provision, a former member did not violate the agreement...

Federal Contractor Affirmative Action Regulations Take Effect March 24, 2014

By EsqSocial Corporation 29/01/14

New regulations issued by Department of Labor's Office of Federal Contract Compliance Programs take effect March 24, 2014. Requirements include establishing hiring benchmarks for veterans and adopting utilization goals for employing individuals with...

Lost Or Stolen: Liability For Unauthorized Credit Card Charges

By EsqSocial Corporation 29/01/14

On a brisk January day, Mary A. Richman opened her mailbox and was confronted with the sobering sight of thick envelopes from Visa, American Express and MasterCard each containing a month’s worth of extravagant Christmas purchases. Although she...

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