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by ME&W | Aug 12, 2022 | Business Law, Coble, Matthew D., Industry News
Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), recently announced that American Reliable Insurance Company (“ARIC”), a GBLI subsidiary, completed the disposition of ARIC’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. GBLI also announced that it agreed to sell ARIC to Everett Cash Mutual (ECM), which, subject to regulatory approvals and customary transactional conditions, is expected to close in or before the first quarter of 2023. GBLI and ECM anticipate that the... by ME&W | Feb 19, 2020 | Banking Law, Business Law, Coble, Matthew D., Hoy, Timothy A
What does the automaker Honda have in common with Capital One? They both faced multi-million dollar class action lawsuits for alleged violations of Article 9 of the Uniform Commercial Code’s repossession provisions4. Recent lawsuits against both companies alleged that vehicles they financed were repossessed without providing the borrower with notice as required by Article 9. Article 9 of the Uniform Commercial Code (“UCC”) outlines the rights and duties of parties to a secured transaction. While... by ME&W | Feb 19, 2020 | Banking Law, Business Law, Coble, Matthew D., Hoy, Timothy A
A United States District Court in Texas recently awarded United Services Automobile Association (“USAA”) a $102.8 million verdict against Wells Fargo in a mobile deposit patent lawsuit filed in August 2018. USAA alleged that the mobile deposit capture technology used by Wells Fargo infringed on USAA’s patent held in the technology. This is the second judgment awarded to USAA in relation to its mobile deposit technology patent; it was awarded a $200 million verdict against... by ME&W | Feb 19, 2020 | Banking Law, Business Law, Coble, Matthew D., Hoy, Timothy A
While every participant in the financial markets knows that the London Interbank Offered Rate (LIBOR) is not guaranteed after 2021, few have taken steps to prepare for LIBOR’s end. Many variable rate notes are pegged to LIBOR as the reference rate; many notes executed today which reference LIBOR will nonetheless continue to be effective and will ultimately mature in a LIBOR-less world. In 2015, the U.S. Federal Reserve established a committee comprised of key market... by ME&W | Mar 25, 2019 | Coble, Matthew D., Latest News
Mette, Evans & Woodside announced that attorney Matt Coble has joined the firm as shareholder. Matt represents insurance companies, fraternal benefit societies, insurance producers (individuals and agents), reinsurers, third party administrators, and others in connection with various insurance regulatory, transactional, and litigation matters. In connection with his insurance industry related work, Matt is one of three Pennsylvania members in the Federation of Regulatory Counsel, a multi-national association of lawyers who have significant experience in the... 