Month: January 2016

Takeda Agrees to $2.94 Billion Actos Settlement

Published on January 22, 2016, by Matthew Sharp

Product Liability

Defective products are responsible for thousands of accidents and injuries each year in the U.S. Consumers who purchase products that are presumed to be safe sustain injuries that range from mild to severe, and even death. Defective products come from a wide variety of categories including recreational and sports equipment; electronics equipment; home maintenance and construction products; furniture and home décor; household chemicals and cleaners; children’s toys; and medical devices, supplies, and prescriptions. Injuries caused by defective products amount to millions of dollars in product liability claims every [...]
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Bad Faith Claims Not Barred By Suit Limitations in Nevada

Published on January 1, 2016, by Matthew Sharp

Insurance Bad Faith

While it is common for property insurance policies to contain suit limitation provisions (similar to statues of limitations) that prohibit the insured from filing suit against the insurance company unless the suit is filed within one or two years of the loss, jurisdictions vary on the types of claims that can be barred. A district court in Nevada recently held that a one year suit limitation in a contract did not apply to bad faith claims or UCPA (Unfair Claims Practices Act) claims, but instead only to breach [...]
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