January 16, 2018 Although companies may be operating under the perfectly reasonable expectation that their insurance policies cover them against cyberfraud schemes, they might be surprised to know (or maybe not) that their insurers are taking the exact opposite position when confronted with such claims. In courtrooms across the country, insurers are consistently denying coverage […]

August 3, 2017 As I was delving into my newest “book club” book, Thomas More – A Portrait of Courage, I couldn’t help but recognize my firm’s values in the example set by Thomas More, and I tried to imagine a world in which all outside counsel acted accordingly: As a lawyer, he acquired a […]

July 24, 2017 Plaintiff, Medidata Solutions, filed a 2015 lawsuit against Federal Insurance Company for coverage of a $4.8M fraudulent wire transfer (Cause No. 1:15-cv-00907 S.D.N.Y). According to the facts of the case, Medidata notified its finance department of a potential acquisition that could require urgent assistance in the summer of 2014. With knowledge of […]

July 6, 2017 Antivirus software pioneer John McAfee agreed not to use his name in connection with cybersecurity products or services in order to settle a lawsuit against Intel Corporation, which purchased McAfee Associates in 2011 for $7.7 billion. McAfee and MGT Capital Investments, Inc., where McAfee serves as CEO, filed the suit last year […]