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HTMLReport to NAIC on Captives: The Controversy About Principle-Based Reserves and Captives Continues
Duane Morris LLP;
Legal Alert/Article
April 1, 2014, previously published on March 27, 2014
The use by life insurance companies of captive reinsurance companies to finance XXX and AXXX reserves has been a significant and contentious issue in recent years. Some members of the National Association of Insurance Commissioners (the "NAIC") are deeply opposed to captive-based...

 

HTMLUK Budget Speech - Key Points
Duane Morris LLP;
Legal Alert/Article
March 26, 2014, previously published on March 20, 2014
The UK's Chancellor of the Exchequer, George Osborne, delivered his annual Budget Speech on 19 March 2014. More details of measures announced will be known when a new draft of the Finance Bill 2014 is published on 27 March. A full analysis of each and every measure announced in the Budget Speech is...

 

HTMLFederal Circuit Reverses District Court on Claim Construction in Patent Suit Involving Google's Street View
Duane Morris LLP;
Legal Alert/Article
March 20, 2014, previously published on March 18, 2014
On March 14, 2014, the U.S. Court of Appeals for the Federal Circuit ruled in a patent appeal case involving Google's Street View technology on a topic in patent law that has received considerable attention recently—claim construction. In Vederi, LLC v. Google, Inc., the Federal Circuit...

 

HTMLBanks Previously Sued in Title III ADA Class Action Lawsuits Now Getting Sued Again in Second Wave of Accessibility Lawsuits
Duane Morris LLP;
Legal Alert/Article
March 17, 2014, previously published on March 11, 2014
A Pittsburgh-based law firm, which has filed more than 100 class action lawsuits under Title III of the Americans with Disability Act (ADA) in federal district courts throughout the United States against banks on behalf of a plaintiff who alleged that the banks' ATMs were inaccessible, has picked...

 

HTMLNewark Passes Ordinance Requiring Employers to Give Employees Paid Sick Leave
Duane Morris LLP;
Legal Alert/Article
March 17, 2014, previously published on March 13, 2014
On January 29, 2014, Mayor of Newark, New Jersey, Luis A. Quintana signed an Ordinance requiring Newark employers to provide employees with paid sick leave. With this new law, Newark became the second city in New Jersey, after Jersey City, to require private sector employers to provide paid sick...

 

HTMLNew York City Amends Paid Sick Leave Law to Encompass Employers of Five or More
Duane Morris LLP;
Legal Alert/Article
March 17, 2014, previously published on March 13, 2014
On February 26, 2014, the New York City Council passed an amendment to the Earned Sick Time Act (the "Act") requiring all employers with five or more New York City employees to provide five paid sick days effective April 1, 2014. The Act passed last year and originally was set to become...

 

HTMLPhiladelphia Amends Fair Practices Ordinance to Require Reasonable Accommodations for Pregnancy and Childbirth
Duane Morris LLP;
Legal Alert/Article
March 11, 2014, previously published on March 10, 2014
On January 20, 2014, Philadelphia Mayor Michael A. Nutter signed into law an amendment to the Philadelphia Fair Practices Ordinance, expanding local law employment protections for pregnant women. The amendment, which became effective immediately, requires Philadelphia employers to provide...

 

HTMLRecent Changes in New York City's Standard Construction Contract
Duane Morris LLP;
Legal Alert/Article
March 11, 2014, previously published on March 10, 2014
With its new Standard Construction Contract, issued in December 2013, the City of New York (the "City") has implemented numerous significant changes as compared with its 2008 standard contract. This Alert briefly summarizes some of the new provisions.

 

HTMLBitcoin Exchange Mt. Gox Files for Bankruptcy Protection; May Have Broader Implications for Digital Currency Industry
Duane Morris LLP;
Legal Alert/Article
March 7, 2014, previously published on March 3, 2014
On February 28, 2014, international Bitcoin exchange Mt. Gox filed for bankruptcy protection in Tokyo, capping what is likely the most tumultuous month yet in the history of the controversial virtual currency. Mt. Gox—the largest and most prominent Bitcoin exchange in the world until last...

 

HTMLU.S. Supreme Court Restricts Challenges to Pretrial Seizure of Defense Funds
Duane Morris LLP;
Legal Alert/Article
March 7, 2014, previously published on February 28, 2014
The U.S. Supreme Court recently weakened a criminal defendant's ability to challenge the Government's pretrial seizure of assets that a defendant has allocated for mounting a defense. In Kaley v. United States, the Court eliminated a defendant's right to challenge a grand jury's finding of probable...

 


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