Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Corporate CounselorKickerFeaturesTopicsCommercial LawLitigationSectionsNewsLJN Newsletters

Insurance Coverage in Consumer Class Actions

By Justin F. Lavella and John W. McGuinness
September 29, 2010

The business world is an increasingly difficult environment to navigate, particularly for companies providing goods and services to consumers. With each new year, federal and state legislators and regulators establish additional well-intentioned but labyrinthine statutes and regulations regarding consumer protection, including in the areas of privacy, data security, and credit reporting. The requirements placed on corporate America as a result of these laws have created significant new potential liabilities, often in the form of statutorily mandated damages, that even conscientious companies can find themselves inadvertently facing. Simultaneously, those laws have created potential opportunities for plaintiffs' attorneys to exploit.

For example, a number of retail stores employing a nationally integrated credit card processing system found themselves facing significant potential liability when California, four years ahead of the federal government, enacted a law prohibiting the printing of electronic receipts with the full 16 digits of a customer's credit card. While their actions may have been inadvertent, these companies became subjects of class action lawsuits with significant potential liabilities.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office Image

A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.

Bankruptcy Sales: Finding a Diamond In the Rough Image

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.

Bit Parts Image

Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights

Risks of “Baseball Arbitration” in Resolving Real Estate Disputes Image

“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 Image

'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.