Recent representative matters include the following: Insurance Practice Group of the Year – the only insurance group to receive that recognition four of the past five years – and one of three Insurance Practice Group All-Stars nationwide that “have consistently shown they can win big in significant insurance cases.” In 2014, describes us as “highly responsive,” with clients who are “universally pleased with the quality of their work” (2015); “fantastic,” with “top quality control” (2014) and a “consistently excellent level of representation” (2013).also applauds our “readily accessible attorneys,” noting our “high level of industry knowledge” and “unparalleled depth of knowledge regarding D&O coverage issues.” (2013).On October 25, 2013, pursuant to the Order Approving Distribution Plan (the “Distribution Order”), payments were made to all Authorized Claimants who were eligible to receive a payment of at least .00 from the distribution.Pursuant to the Distribution Order, Authorized Claimants whose distribution amounts were less than the .00 minimum threshold did not receive a payment.On February 5, 2016, the Court approved this additional settlement.The settlement results in the allowance of a general, unsecured creditor claim against Lehman’s estate in the SIPA liquidation proceeding in the amount of ,500,000 (the “Allowed Class Claim”). Continue Reading The United States District Court for the Central District of California, applying California law, has held that a breach of contract exclusion bars coverage for fraud claims against an insured advertising agency.
The Court approved those settlements in November 2011.
The three, including former Wa Mu CEO Kerry Killinger, settled the FDIC’s suit for million in 2011.
According to The Wall Street Journal, Rotella and Schneider are now arguing their golden parachute payments should have been triggered by the seizure and subsequent sale of Wa Mu’s banking assets to JPMorgan Chase in 2008.
Rotella and Schneider claim they are owed .7 million and .4 million, respectively.
“The row is another in a long line of disputes involving executives who worked at firms that failed or were bailed out during the financial crisis,” the WSJ said, citing challenges to the pay packages of financiers at Lehman Brothers and AIG.