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The Consequences of an Insurance Company's Breach
A policyholder in an insurance coverage action generally seeks to prove that its costs were covered under the policies it purchased, and that its insurance company breached those policies. Under general contract law principles, however, a policyholder that establishes its insurance company was in breach need not necessarily show that particular costs were “covered” under the policy in order to recover them as contract damages resulting from the breach. Traditional items of contract damages such as mitigation costs and consequential damages can be recovered if they flow from the breach, even if those costs would not be “covered” by the policy or even fall within the policy's limits. Moreover, as traditional items of contract damages, recovery of such damages should not depend on any heightened showing of bad faith by the insurance company.
Mitigation Costs
The DOJ's Corporate Enforcement Policy: One Year Later
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.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
Bankruptcy Sales: Finding a Diamond In the Rough
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.
A Lawyer's System for Active Reading
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.