Corporate & Commercial

At the close of summer, the Wisconsin Court of Appeals rejected an insurance company’s attempt to “double dip” and reduce its underinsured motorist (“UIM”) coverage responsibility to an insured based on a liability payment made to another insured.[1] The case arose from an automobile accident that caused the death of Michael Shimeta and serious injuries to his passenger, Terry Scheer. The responsible tortfeasor’s liability insurance policy provided for a $250,000 per-person limit and a $500,000…
In this post, Professor Stephen Bainbridge takes the Securities and Exchange Commission to task for investigating Activision’s employment practices: To be sure, the SEC (and plaintiff securities lawyers) have sometimes tried to use disclosure claims to regulate substantive behavior.  Apparently, that’s the wedge the SEC is relying on here to insert itself into Activision’s employment practices.  But such efforts are contrary to both the letter and the spirit of the securities laws. As a…

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