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NJ Court Clarifies Policyholders' Right to Recover Out-of-State Coverage Counsel Fees
A successful policyholder may recover counsel fees in certain circumstances. Oftentimes, the counsel fees are awarded in the same insurance coverage proceeding in which they are incurred. But, what happens when some of the successful policyholder's fees are incurred in a competing, out-of-state coverage action? According to the New Jersey Supreme Court in Myron Corp. v. Atlantic Mutual Insurance Co., __ N.J. __, 2010 N.J. LEXIS 700 (July 27, 2010), a policyholder's right to recover counsel fees extends even to those fees incurred defending against an insurer-initiated, out-of-state declaratory judgment action.
Policyholders' Right to Coverage Counsel Fees
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
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.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.