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Under the proposed amendment, three conditions must to be met for the Rule 163 exemption to apply to pre-filing communications conducted by underwriters and dealers: 1. [read post]
21 Sep 2023, 5:47 am by Unknown
Now, the SEC has filed for interlocutory appeal.Littman further noted that just weeks after the July ruling, Judge Rakoff explicitly said he thought the Ripple judge got it wrong and he would not apply that ruling in SEC v. [read post]
5 Feb 2016, 4:36 am by David DePaolo
(Applied Underwriters, for the record, disputes this finding and says it is seeking appeal).And in Texas that state's Division of Workers' Compensation apparently has seen too many forms and notices to injured workers that were either vague, or used incomprehensible technical terms (at least relative to workers), causing it to send a memo reminding insurance carriers and other interested parties about the importance of communicating clearly.DWC says this type of… [read post]
8 Sep 2015, 6:48 am by John Jascob
Acting as the receiver for Guaranty Bank, the FDIC sued a group of underwriters in 2012, alleging that the defendants had violated the Texas Securities Act by making material misrepresentations in selling the bank certain residential mortgage-backed securities. [read post]
26 Jan 2023, 9:30 am by Unknown
The proposed rule would apply to an underwriter, placement agent, initial purchaser, or sponsor of an ABS. [read post]
31 Jan 2008, 7:50 am
., No. 07-1367 (Jan. 10, 2008).The action was brought by purchasers and insurers of Bradford College bonds, upon which the college defaulted only two years after issuance, against the college’s officers and directors and the bond underwriters. [read post]
6 Nov 2009, 5:19 am
., decided 11/5/2009) In this insurer vs. insurer suit, defendant National Union moved to dismiss three causes of action of plaintiff's amended complaint, presumably arguing that New York rather than Connecticut law applied to render those causes of action non-viable. [read post]
23 Jan 2008, 11:01 am
(Is this the same limit that applies in Hawaii and Alaska, two of the places with the now-coveted "high-cost" designation? [read post]
26 Oct 2007, 9:06 am
  The refund applies to sofas, dining tables, beds and mattresses.The retailer, owned by Berkshire Hathaway, wisely purchased an insurance policy to cover the possibility of a Red Sox victory. [read post]
28 Sep 2010, 8:02 am
This updates our September 1, 2010 posting.On September 27, 2010, California Governor Arnold Schwarzenegger signed into law AB 1708, which will have a significant impact on surplus lines insurers by amending Section 1765.1 of the California Insurance Code.Effective January 1, 2011, California’s new minimum capital and surplus requirements for surplus lines insurers applying for eligibility will increase from $15,000,000 to $45,000,000. [read post]
21 Jan 2010, 12:10 pm by Daniel Zimberoff
The proposed changes, which apply to all FHA loans, are expected to go into effect in either spring or summer 2010. [read post]