The Paley Rothman Blog

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys. The information in the blogs and articles is not a substitute for legal advice and should not be relied on as such. Should you have any questions or want legal advice, please contact the attorney who wrote the blog or article.

Insurance Recovery, Regulatory Law & Litigation

New York’s Highest Court’s Rejection of a Narrow View of Covered Damages Has Wide Application

In a highly anticipated decision, New York’s highest court held in a securities-related dispute that funds the insureds disgorged as part of a settlement with the SEC did not constitute a “penalty imposed by law” under the policies at issue in J.P Morgan Securities Inc., et al. v. Vigilant Ins. Co., et al.

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Insurance Recovery
clipboard with insurance policy

The Playing Field for Coronavirus Insurance Recovery is Wide Open

Insurance recovery for coronavirus raises a wide range of issues, including (i) liability arising out of civil authority, (ii) what constitutes physical injury to property and (iii) the applicability of pathogen-related exclusions, if any. As a preliminary matter, each individual insurance policy must be reviewed, as the applicable language may vary from policy-to-policy.

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