News

Securities

[10/06] Allianz investing $2.5B in Hartford Financial
[10/06] Official: Kashkari to be tapped to head bailout
[10/03] AIG plans sale of business units to repay debt

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International

[09/29] German company claims puzzle is world's biggest
[09/25] Japan holds diaper fashion show - for adults
[09/12] Dutch on edge as 'horror dentists' go on trial

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Financial Services

[10/06] Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers
[10/06] Europe governments strive to avoid bank meltdown
[10/06] Court tilts Wachovia fight toward Wells Fargo

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Top Headlines

[10/06] Bush pushes Senate to confirm federal judges
[10/06] Republicans to high court: Stop Palin ethics probe
[10/06] Congress hears Lehman sought millions for execs

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Case Summaries

Admiralty

[09/29] AGF Marine Aviation & Transp. v. Cassin
In an insurance claim arising from the sinking of defendant-insured's yacht, summary judgment for plaintiff is affirmed where: 1) the admiralty doctrine of uberrimae fidei applied to maritime insurance contracts; and 2) defendant made a material misrepresentation of the purchase price of the yacht, which voided the policy.

[09/24] Johnson v. Cenac Towing Inc.
In a suit arising from injuries sustained by plaintiff while working as a seaman for defendant, judgment and damages for plaintiff are vacated and remanded where: 1) plaintiff's Jones Act negligence claim was not barred by his failure to disclose prior medical conditions at hiring; 2) contributory negligence is a defense to a Jones Act claim, and remand was necessary for consideration of plaintiff's possible contributory negligence; and 3) payments to plaintiff by a health insurance plan were from a collateral source and could not be used by defendant to offset the damages owed.

[09/23] Consub Delaware LLC v. Schahin Engenharia Limitada
Decision denying defendant's motion to vacate maritime writ of attachment is affirmed where: 1) the Agreement was subject to the jurisdiction of the English courts; 2) an attachment "[did] not fit neatly" into the word "Agreement"; and 3) defendant did not demonstrate how the forum selection clauses in the Novation Agreement and the ACMA Agreement were different from other forum selection clauses that have been held not to divest courts outside of the selected forum of admiralty jurisdiction.

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