Insights
October 2022 Over a decade ago, Ohio fully phased in the Commercial Activity Tax (“CAT”) which replaced the business franchise tax and the personal property tax. The CAT functions as a business privilege tax measured by gross receipts on commercial... Read More
Last week, a jury hit Goodyear Tire & Rubber with a $65 million verdict in a trade secrets case in Akron presided over by U.S. District Court for the Northern District of Ohio Judge Sara Lioi. On its face, one... Read More
Intellectual property generally refers to the rights and interests of the owners and creators of original materials and inventions. Protection of IP has become vitally important in business. IP intensive industries account for over 40 percent of the United States... Read More
Elan Kandel and Jim Young recently co-authored an article examining issues relating to the Professional Services Exclusion found in many private company D&O insurance policies. Directors and officers (“D&O”) insurance policies typically exclude coverage for claims based upon or arising... Read More
Chair, Dan Bailey joins a panel of leading industry experts for a discussion of this important topic. Watch Now Read More
Over the past two years, special purpose acquisition companies (“SPACs”) have become a popular means of taking private companies public. SPACs accounted for 247 public listings in 2020 (52% of all initial public offerings (“IPOs”) for that year) and 613... Read More
Member, Harlan Louis and Jackie Jacobs, executive director emeritus at the Columbus Jewish Foundation were recently asked by Columbus Jewish News to explain the nuances of nonprofit estate plans and how to best guide donors through the process of charitable... Read More
Although some young adults may not have any children or real estate, all young adults need to think about who they want to designate as decision-makers if they pass away or cannot make decisions for themselves. All young adults should... Read More
It goes without saying that the existence of a “claim” is a fundamental requirement to claims-made coverage, and what falls within the scope of a particular policy’s definition of a “claim” is a question that frequently arises in D&O coverage... Read More
Every state in the U.S. has some form of an unclaimed property law (“UPL”). State UPLs generally require businesses that are holding property due and owing to another (i.e. usually money) to hand over that property to the appropriate state... Read More
Over the past several decades, pharmaceutical companies have emerged as favored targets for securities class actions. As a result of that trend, the stakes are high for D&O insurers as well as pharmaceutical companies seeking to purchase D&O coverage. This... Read More
The D&O claims environment is now in an unusually uncertain state. Record high inflation, interest rate increases, supply chain disruptions, tight labor market, the collapse of several large crypto firms, and higher fuel costs, as well as the prospects of... Read More