Legal
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A seven-year extension of the terrorism insurance programme is now part of a $1.3tn negotiated package finalised Monday.
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A hearing on the settlement has been pushed back seven times since it was first placed on the bankruptcy court's calendar for September. -
The Hollywood mogul is said to have reached a settlement for the civil cases filed against him.
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Former Burns & Wilcox employees in Colorado, North Carolina and Louisiana allege that the restrictions are unenforceable.
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The High Court’s award for additional costs comes two months after it dismissed the lender’s claim against the carriers.
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The PRA estimates that large firms could face one-off costs of up to £1.9mn to improve their resilience.
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The payout would remove a major obstacle to the settlement of $11bn in insurance subrogation claims.
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The broking giant alleges the founders of Infinite Equity stole trade secrets and violated fiduciary responsibilities.
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The broker has hired Tan Pawar from Paragon International to lead the new operation.
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The new conduct and governance regime will significantly increase regulatory requirements for brokers from next week.
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The BB&T-owned broker said its rival’s legal case and demand for a restraining order are driven by a “grudge” against a former employee.
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The broker said Carson and CRC launched a “frontal assault” on its business that won’t end without court intervention.
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