A court recently awarded $3M to a Florida-based former broker for UBS Wealth Americas in a defamation suit against his former firm. UBS fired James L. Springer in 2014 for allegedly listing personal expenses as business expenses on his corporate credit card. Subsequently, UBS sent letters to Springer’s clients informing them that the broker had overcharged them.
Right on the heels of their highly successful 2017 Fall Career Fair, the University of Mississippi's Risk Management and Insurance program announces their event dates for 2018. Mark your calendars with the dates below and make plans to attend! February 20, 2018    Ole Miss RMI Spring Career Fair March 20-21, 2018   Ole Miss Insurance Symposium May 7, 2018              Ole Miss Insurance Golf Classic-Annandale October 16, 2018     Ole Miss RMI Fall Career Fair  
A new law in Texas, known as Texas House Bill 1774, went into effect on September 1, 2017, with the intent to reduce the number of storm-related cases in a state in which weather often becomes unruly.
In the wake of the series of hurricanes that impacted parts of the United States and U.S. islands last month, legal experts are advising companies to pay close attention to wording when reviewing their current insurance policies.
On September 29, 2017, the President signed into effect the Disaster Tax Relief and Airport and Airway Extension Act of 2017 to aid victims of hurricanes Harvey, Irma, and Maria who participate in employee benefit plans. The act includes relief from certain deadlines and penalties associated with pension and retirement plan distributions for those in areas affected by the recent hurricanes.
On October 2, 2017, the U.S. Supreme Court began hearing arguments in a consolidated case regarding the enforceability of class action waivers in employee arbitration agreements. Employers and employees alike involved in the consolidated cases hope the Court will resolve a split in authority among federal courts of appeal and bring a final solution to this widely disputed issue.
A recent case brought before the federal court for the Eastern District of New York did not have the outcome expected by the plaintiff, though the Court did acknowledge that the plaintiff had a potentially winnable case--if they had done more to protect themselves first. In Art and Cook, Inc. v. Haber, Art and Cook sought to prosecute former employee Abraham Haber for attempting to steal company trade secrets. The company felt their information was protected under the Defense Trade Secret Act of 2016.
On September 20, 2017, Securities and Exchange Commission Chairman John Clayton announced that the SEC had fallen victim to a cyber attack during the previous year. The SEC revealed that hackers had exploited a weakness in the Commission's EDGAR system, which houses financial records for companies listed on stock exchanges in the U.S. Click here to learn more about the breach and what’s next for the SEC, popularly known as Wall Street’s watchdog.   
A recent agreement between the United States(U.S.) and European Union(E.U.) addresses three areas of insurance oversight. However, the agreement has mixed reception among major U.S. insurance organizations with some claiming the agreement is a solution to an “invented problem” while others say the agreement could be used as a “backdoor” for foreign regulations to be forced on U.S. companies. To learn more about the agreement and how major U.S.
Five Florida-based attorneys and five accomplices were arrested September 6 on charges of unlawfully soliciting unassuming accident victims to make damages or personal injury claims with their insurance companies. The victims were then referred by the attorneys to a healthcare facility in exchange for cash kickbacks. The scheme “earned” the group more than $500,000 before it was shut down by authorities.
After an employee’s good looks sparked jealousy in one of her bosses, who happened to be married to the other boss, the employee was subsequently fired. The employee, who claimed she never acted inappropriately or did anything else to incur jealousy from her female co-employer, filed a suit against the employer and her husband.
The 5th Circuit Court of Appeals recently affirmed a state court’s decision that an insurance company’s appraisal award to a company who lost a gas station business in a fire was more than enough to cover the damages, and the award payouts to the benefit recipient were paid in a timely manner.
Tracy Brown, co-owner of Psalm 23 medical equipment company, was recently convicted of multiple medical fraud and kickback offenses perpetrated through her company. After her conviction, Brown filed an appeal challenging her sentence, which was partially based on an enhancement finding that she was a leader of a criminal organization involving five or more people.
A recent decision made by the 5th Circuit Court of Appeals affirms a previous ruling by a district court in a case regarding a motion by plaintiff, WD-40 Company, to compel arbitration between itself and defendant, IQ Products Company.
A Seventh Circuit Court of Appeals decision released on September 20, 2017, held that a requested three month medical leave is not a reasonable accommodation under the Americans with Disabilities Act(ADA). The Court instead noted that the ADA was not a medical leave statute and reasoned that ADA accommodations only apply if they actually help an employee work.
An Alabama court recently sided with a former Tuscaloosa police officer in a breastfeeding discrimination lawsuit against the City and Tuscaloosa Police Department. Officer Stephanie Hicks was denied a proper nursing room to pump breastmilk after returning to work from maternity leave and then treated unfairly by superiors for her request for breastfeeding accommodations mandated by the Pregnancy Discrimination Act.
A case certification decision by an Illinois trial court in a class action lawsuit case regarding off-the-clock work was recently reversed by an Illinois appellate court. The appellate court backed their reversal decision by claiming that plaintiffs in the lawsuit failed to prove the existence of a uniform mandate that required all employees to work off the clock. Instead, the court decided that each individual’s circumstance could not hold up in a class action suit without the court evaluating each employee’s situation separately.
With the rise of medical marijuana legalization in 29 states while federal law still prohibits marijuana possession and use, many legal states are conflicted on how to address possible discrimination in the workplace due to employee use of marijuana for medication. While some states have specific anti-discrimination provisions in place for medical marijuana patients, others declined to add additional provisions regarding employment.
After getting slammed with a class action lawsuit by fans claiming the LA Lakers had violated the Telephone Consumer Protection Act( TCPA) with the team’s use of an automated phone system, the famed Los Angeles basketball team asked their insurance company to defend them in the suit. However, an invasion of privacy clause within their contract with their insurance company prevented the insurer from accepting the Laker’s request for representation.
On September 13, 2017, Uber learned the U.S. Court of Appeals for the Federal Circuit had rejected the company’s argument for arbitration in the ongoing trade secrets misappropriation suit against the company, brought by Waymo, LLC. Learn why the Court rejected Uber’s request here.