A federal judge sided with Travelers Indemnity Co. in a dispute over repairs to the historic Pittsfield Building in downtown Chicago, finding that the plaintiffs’ reliance on an unverified verbal estimate to recover $1.14 million invalidated their coverage and required them to pay back $300,000 to the insurer. Acknowledging “it…

Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a nearly $50 billion pay package on ‘Barron’s Roundtable.’ Tesla shareholders are set to appear in a Delaware court on Monday to call for the judge to reject the “outlandish” request for $7 billion in attorneys’ fees…

After some production delays, a heavy-hitter roster of law firms, including Sullivan & Cromwell, Latham & Watkins, Ropes & Gray, Simpson Thacher & Bartlett and Cravath, Swaine & Moore, finally pushed the long-anticipated Paramount merger through. Under the structure of the deal, Skydance Media acquired National Amusements, the controlling shareholder…

Pierson Ferdinand, the law firm that spun off of FisherBroyles earlier this year, has stepped into London with continued lateral hiring from its legacy firm as well as other firms with an established presence in the U.K. market. At the time of its London office launch in July, Pierson Ferdinand has recruited…

Law.com Radar, ALM’s AI-enhanced tool for alerting legal professionals to federal and state court filings and trends, announced on July 1 a new initiative to incorporate the civil claims taxonomy of the Standards for the Legal Industry (SALI) Alliance in order “to create more actionable new suit alerts, to reduce…

A state circuit court in Florida is expected to enter a decision on a motion seeking reconsideration of an unusual ruling by the judge to set aside an over $10 million verdict, largely over impermissible evidence presented to a jury during a three-week trial. Lewis Murphy, a partner at Murphy…