Tag Archives: assignment

Defamation Plaintiff Has Default Judgment But Not Standing To Sue Insolvent Policyholder’s Insurance Company

Bankruptcy and insurance have been engaged in a tangled web for decades.  Claimants against bankrupt insureds are often frustrated in seeking a recovery that they might otherwise obtain if the insured had not gone bankrupt.  In a recent case, the Third Circuit addressed the standing of a default judgment creditor claimant to sue the bankrupt … Continue Reading

Assigning Insurance Policies Can Get Tricky

Insurance disputes sometimes arise out of transactions.  Those of you who are involved in transactions, including transactions arising out of insolvencies, might be interested in a cautionary tale from a recent Illinois appellate court case addressing the assignment of insurance policies as part of an asset purchase agreement.  This drafting lesson may help avoid future … Continue Reading
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