In The News Today – October 2, 2014
Judge Keith P. Ellison recently ruled that foreign investors who sued BP PLC over alleged stock losses related to the 2010 Deepwater Horizon disaster can continue to seek remedy in U.S. district court “even though they are litigating under English law”. (Law360)
An Illinois appeals court on Tuesday reversed a summary judgment that previously let Central Mutual Insurance Co. off the hook for covering a $14 million settlement in a junk fax class action levied against a dating service which it insured. In her opinion, Justice Mary Anne Mason cited the recent high court decision in Standard Mutual Insurance Co. v. Law, which found that “damages in such cases are punitive and, thus, uninsurable under state law”. (Law360)
