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Jorden Burt LLP Document Search Results (13) Show: results per page Sort by:  | Unclaimed Benefit Practices under Scrutiny
Kristin A. Shepard; Jorden Burt LLP;
Legal Alert/Article November 28, 2011, previously published on Fall 2011 Scrutiny of insurers’ unclaimed benefit practices has sparked both proposed legislative changes by the national Conference of insurance Legislators’ Life insurance & Financial Planning Committee (the NCOiL Committee) and class action litigation.
| | Seventh Circuit Again Finds That Sponsor's Offering Of Retail Mutual Funds In Defined-Contribution Plan Does Not Run Afoul of ERISA Duties
Waldemar J. Pflepsen, Michael A. Valerio; Jorden Burt LLP;
Legal Alert/Article September 21, 2011, previously published on September 12, 2011 Following its earlier holding in Hecker v. Deere & Co., 556 F.3d 575 (7th Cir. 2009), the United States Court of Appeals for the Seventh Circuit has again rejected ERISA breach of fiduciary duty claims brought against a plan sponsor by plan participants challenging the sponsor's offering of...
| | The Pros and Cons of Cloud Computing
Diane Duhaime; Jorden Burt LLP;
Legal Alert/Article September 9, 2011, previously published on Summer 2011 Not everyone likely agrees on the definition of cloud computing (“the cloud”). Some contend that cloud computing is nothing new; it is merely applying a marketing term to something that has already been done by technology providers for many years.
| | FINRA Issues Additional Guidance on Social Media
Richard T. Choi, Diane Duhaime, Ann Began Furman; Jorden Burt LLP;
Legal Alert/Article September 7, 2011, previously published on August 24, 2011 On August 18, 2011, FINRA issued Regulatory Notice 11-39 to provide additional guidance on the application of FINRA rules governing communications with the public to social media sites such as Facebook, Twitter, and LinkedIn. The Notice clarifies some of the specific questions that firms have...
| | Beginning September 7, 2011, Trademark Owners May Apply to Block Use of Their Marks in .xxx Domain Names
Diane Duhaime, John Herrington; Jorden Burt LLP;
Legal Alert/Article September 7, 2011, previously published on August 31, 2011 You may be concerned that your company's registered marks could soon be available for use by the adult entertainment industry in domain names that end with .xxx. For example, if your company does not obtain blocking of its names and marks as described below, your company may be harmed if a member...
| | Revisions to Annuity Disclosure Model Adopted
Ann Young Black, Ann Began Furman, Steven Kass, Kristin A. Shepard; Jorden Burt LLP;
Legal Alert/Article August 12, 2011, previously published on August 4, 2011 On August 3, 2011, the NAIC Life Insurance and Annuities (A) Committee adopted revisions to the Annuity Disclosure Model Regulation, Model 245 ("Annuity Disclosure Model" or "Model"). The revised Annuity Disclosure Model continues to require that consumers be provided a Buyer's...
| | Faber v. Metropolitan Life Insurance Company - MetLife's Use of Retained Asset Accounts Is Not A Breach Of Fiduciary Duty Under ERISA
Waldemar J. Pflepsen, Robin M. Sanders, Irma Reboso Solares; Jorden Burt LLP;
Legal Alert/Article August 12, 2011, previously published on August 9, 2011 On August 5, 2011, the Second Circuit Court of Appeals issued its much-anticipated decision in Faber v. Metropolitan Life Insurance Co., affirming thedismissal of the plaintiff's putative class action that alleged MetLife breached its ERISA fiduciary duties by distributing ERISA-governed life...
| | SEC Adopts Large Trader Registration and Reporting Rule
Karen A. Benson, Edmund J. Zaharewicz; Jorden Burt LLP;
Legal Alert/Article August 12, 2011, previously published on August 8, 2011 On July 27, 2011, the U.S. Securities and Exchange Commission ("SEC") issued a final rule release adopting new Rule 13h-1 and Form 13H under the Securities Exchange Act of 1934 to assist the SEC in identifying, and obtaining trading information on, "large traders." The new rule...
| | Oregon Shifts Burden of Proof in PIP Class Action
Robert D. Helfand; Jorden Burt LLP;
Legal Alert/Article July 22, 2011, previously published on July 18, 2011 In a class action over the widespread practice of using automated review systems to determine the reasonableness of medical claims submitted under the Personal Injury Protection (PIP) coverage of automobile policies, the Oregon Supreme Court appears to have absolved class plaintiffs from...
| | Iowa Draws Line Between Insurance and Securities Advice
Ann Young Black, Richard T. Choi, Ann Began Furman; Jorden Burt LLP;
Legal Alert/Article July 19, 2011, previously published on July 6, 2011 On June 24, 2011, the Iowa Insurance Division, which regulates insurance and securities, issued identical companion bulletins outlining the permitted and prohibited activities of "Insurance-Only Persons" and "Securities-Only Persons." The bulletins are primarily designed to...
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