misrepresentation News

Okla. Supreme Ct. Ruling Shows Policyholders Shouldn’t Depend on Agent’s Representations

New Dominion LLC taps into oil and natural gas reserves that many production companies avoid. The Tulsa, Oklahoma company operates hundreds of wells that produce from hydrocarbon reservoirs that are saturated with water from ancient aquifers. When oil or gas …

CoreCivic to Settle Shareholders Lawsuit for $56 Million

NASHVILLE, Tenn. (AP) — CoreCivic says it will pay $56 million to settle a lawsuit by shareholders who accused the private prison operator of inflating its stock prices by misrepresenting the quality and value of its services. The lawsuit was …

Georgia Court Allows Lawsuit Against Sperm Bank to Proceed

ATLANTA — A couple who accused a sperm bank of misrepresenting its process for screening donors and providing incorrect medical and educational history of the donor they selected can proceed with a lawsuit against the sperm bank, Georgia’s highest court …

Insurer Paid Claim to Avoid Bad Faith; Reimbursed Because of Misrepresentation

The 10th Circuit Court of Appeals endorsed a clever way for an insurer to avoid a bad faith claim where there were potential misrepresentations in the policy application. In Evanston Insurance Company v. Aminokit Labs, Inc., the court affirmed a …

Court Bars Statute of Limitations Defense Because of Misrepresentations

The owner of Golden Isles Cruise Lines promised to “take real good care” of Robert Bruce Lowie, but he didn’t. After Georgia’s one-year statute of limitations to file a tort claim passed, Golden Isles stopped paying Lowie’s medical bills, even …

Verisk: $29B Personal Auto Premium Leakage a Problem for Insurers

Auto claims frequency and severity dipped considerably during the economic downturn that began in 2008. As the economy recovers it carries a downside for road safety, according to Dorothy Kelly, director of Product Development for Verisk Insurance Solutions. A recovering …

Judge Explains Verdict Reversal in Montana Insurance Case

A U.S. District Court judge has explained why he vacated the fraud conviction of a former Miss Montana who was charged with misrepresenting her housing conditions to an insurance company while her historic mansion was undergoing repairs. Christin D. Didier …

Jury Awards $3.35M in Vaginal Mesh Case Against J&J

A jury on Monday said Johnson & Johnson should pay a South Dakota woman $3.35 million for failing to adequately warn her doctor of the potential dangers of a vaginal mesh implant made by the company’s Ethicon Inc subsidiary, and …

Organic Inspector in Nebraska Seeks to Dismiss Libel Lawsuit Filed by Farmer

Editor’s Note: In a Jan. 15 story about a libel lawsuit against an organic food inspector, The Associated Press made several errors. The person whose organic certification license was revoked was farmer Paul Rosberg, not inspector Evrett Lunquist. Also, Lunquist …

Wine Investor Waited Too Long to Sue New York Auction House

A billionaire wine investor waited too long to file a lawsuit that claimed a New York auction house misrepresented a Bordeaux as belonging to Thomas Jefferson. A three-judge federal panel issued the ruling Thursday. It said William Koch missed the …