News

New York’s “first in the nation” financial services cybersecurity rules have been finalized and will go into effect on March 1, 2017. The final regulations cover every business regulated by the New York State Department of Financial Services (“DFS”), including but not limited to banks, credit unions, insurers, and mortgage companies. Covered entities have until August 28, 2017 to comply, although longer compliance dates are applicable to some specific provisions. [...]

Grand Theft Auto V is the latest in a popular series of the video games where the player controls one of several main characters in a mob family/drug cartel story that takes place in the fictional city of Los Santos, San Andreas. After the game was released, Plaintiffs Lindsay Lohan and Karen Gravano (of the reality show Mob Wives) were upset at what they believed to be characters that depicted them in particular ways. In 2014, they commenced suit against Take-Two Interactive Software, Inc., the [...]

Jason Shaw, a partner at Whiteman Osterman & Hanna, recently published an article with the New York Law Journal entitled The Time Has Come for the Court Of Appeals to Resolve Reinsurance Issue. The article discusses how a recent decision will finally lead to resolving the unsettled question about whether reinsurers will have limitless liability for an underlying insurer’s legal costs. To view the full article, please click here.

In Tara N.P. v Western Suffolk Bd. of Cooperative Educational Services (No. 8) previewed here, a teenage female student was sexually assaulted by a Level III sex offender that Suffolk County had assigned to perform maintenance work at the BOCES program where the student was taking classes. The County owned the property and leased the building to the BOCES program, and also explicitly agreed that it would not assign anyone with a criminal record to work there. After the assault, the student sued [...]

In Lend Lease (US) Construction LMB Inc. v Zurich American Insurance Company (No. 11) previewed here, the owner and construction manager of a 74-story high rise being built in midtown Manhattan sought coverage for damage caused to the tower crane being used to build the building during Superstorm Sandy in October 2012. Zurich, one of the insurers of the property, disclaimed coverage on the grounds that the tower crane was not covered property and fell within one of the policy's exclusions for [...]