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An Insurer Can Recover Equitable Contribution Only When That Insurer Pays More Than Its Fair Share
Under the California Court of Appeal's new decision written by Judge H. Walter Croskey, an insurer can recover equitable contribution only when that insurer pays more than its fair share. If an insurer does not pay more than its fair share of defense and/or indemnity costs of a shared insured, that insurer cannot recover equitable contribution from another insurer. This rule applies even if the non-participating insurer has paid nothing. Scottsdale Ins. Co. v. Century Surety Co., No. B204521 (Cal. Ct. App. March 10, 2010).
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.