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Kennedys has been ranked as a Leading Firm in The Legal 500 US 2021, the guide to outstanding firms and lawyers across the United States.
The implications of the Delaware Supreme Court’s pronouncement that D&O liability for actual fraud is insurable
On March 3, 2021, the Delaware Supreme Court announced in RSUI Indemnity Co. v. Dole Food Company, Inc., et al., 248 A.3d 887 (Del. 2021) (“Dole”), that Delaware public policy permits indemnity insurance coverage for liability arising from fraud. Therefore, in Delaware, unscrupulous executives found to have lied to investors may potentially avoid direct responsibility for any damages caused and simply pass the buck for any judgment or settlement to the company’s Director’s & Officer’s (“D&O”) insurer.
Tik Tok: In 60 Seconds, 4 takeaways from the Colonial Pipeline Cyberattack that every company should know
On June 8, 2021, the CEO of the Colonial Pipeline Company, Joseph Blount, testified before the Senate Homeland Security and Governmental Affairs Committee about the ransomware cyberattack suffered by his company last month at the hands of the hacker group, the Dark Side. The attack caused the company to shut down its pipeline, which delivers approximately 45% of the East Coast's fuel supply.
As of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded USD 1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly traded companies in incorporating crypto into their business models given the ongoing market development.
Professional liability policies generally insure policyholders for risks created by their professional negligence and, like many other liability insurance products, are often drafted so as not to cover losses arising from the insured’s intentional conduct. This is commonly achieved by including a negligence trigger in the insuring grant, such as a requirement that coverage will only be provided for losses arising from the insured’s negligent acts, errors, or omissions.
Big changes affecting summary judgment motions are now active in Florida state courts.
The Court’s decision likely will have significant impact on coverage for BIPA litigation. Additionally, the Court’s reasoning in its decision may even influence other privacy coverage matters.
Following the publication of Chambers USA 2021, Kennedys has seen some impressive rankings in the latest edition of the guide to leading law firms and lawyers across the United States.
Kennedys has promoted ten lawyers to its partnership. Four of those promoted are based in the UK, with six in the US. Kennedys’ worldwide partner count is now 280.
The Florida Legislature passed comprehensive property insurance reform before the end of the 2021 Legislative Session, which concluded on Friday, April 30. Senate Bill 76 (“SB 76”) represents the latest attempt to curb litigation trends over first-party property claims and curtail the rise of property insurance premiums by limiting the circumstances in which attorney’s fees are awarded to prevailing insureds and imposing pre-suit requirements on plaintiffs.