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In one of the nation's first and most comprehensive allocation choice-of-law decisions, a court recently rejected insurers' claims that allocation law of the forum applies to property damage arising at multiple environmental sites if the policyholder's coverage action is venued in New Jersey. The decision was rendered in four companion environmental coverage cases involving a common choice-of-law issue. See General Electric Co., as successor in interest to RCA Corp. v. Certain Underwriters at Lloyd's London, Docket No. MER-L-4931-87 c/w MER-L-6432-88 (Law Div. Mar. 25, 2004), reconsid. den., (Law Div. May 12, 2004) (hereinafter “RCA“); Home Ins. Co. v. Cornell-Dubilier Electronics, Inc., Docket No. MER- L-5192-96 c/w MER-L-2773-02 (Law Div. Mar. 25, 2004), reconsid. den., (Law Div. May 12, 2004); Sterling Winthrop, Inc. v. Royal Indem. Ins. Co., Docket No. MER-L-101-94 c/w MER-L-106-94 (Law Div. Mar. 25, 2004); Rohm & Haas Co. v. Allianz Underwriters, Inc., Docket No. MER-L-4920-87 c/w MER-L-4664-95 (collectively, the “Companion Cases“). The court concluded that the law of the state in which each waste site is located presumptively applies to the allocation of damages. This decision, now the subject of pending appeals, is likely to reach New Jersey's Supreme Court because it was rendered in “high stakes” cases, and it has broad application to many other environmental coverage actions. If the Supreme Court ultimately takes up the matter ' something the court has demonstrated a willingness to do in connection with other challenging coverage issues (see, eg, Spaulding Composites Co. v. Liberty Mutual Ins. Co., 176 N.J. 25, 819 A.2d 410 (2003) (granting leave for interlocutory appeal regarding inapplicability of non-cumulation clause); Pfizer, Inc. v. Employers Ins. of Wausau, 154 N.J. 187, 721 A.2d 634 (1998) (granting leave for interlocutory appeal regarding choice-of-law governing interpretation of pollution exclusion); Carter-Wallace v. Admiral Ins. Co., 154 N.J. 312, 712 A.2d 1116 (1998) (granting interlocutory appeal regarding allocation) ' it will be the highest state court in the nation to resolve an allocation choice-of-law dispute in a multistate, multisite environmental coverage action.
Varying Allocation Approaches
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
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.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.