‘Context Is Everything’: The Second Circuit, Material Misrepresentations, and ‘Peloton’

Anthony Sabino analyzes the Second Circuit’s ruling in Peloton, highlighting how the decision underscores how securities-fraud cases depend heavily on context.
JD Supra

Policy Rescinded Based on Insured’s Material Misrepresentation in Renewal Application

An Indiana federal court, applying Indiana law, has held that an insurer could rescind a claims-made-and-reported professional errors and omissions policy based on misrepresentations made by the ...
Investopedia

What Is Misrepresentation? Types and How It Works

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Law

No-Fault Insurance Law Wrap-Up: Hearsay, Material Misrep and Lack of Causation

Hearsay statements are usually inadmissible unless an exception applies. Insurers can deny no-fault claims for material misrepresentations if they act promptly and provide strong evidence. They can ...
JD Supra

Contract Void Ab Initio: Key Insights into the KBR vs. Corps of Engineers Affirmative Defense

In a recent Board decision dated December 13, 2023, the United States Army Corps of Engineers sought to amend its answer in the case of APPEALS OF – KELLOGG BROWN & ROOT SERVICES, INC., under Contract ...