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The term "reservation of rights" (particularly a "reservation of rights letter”) is often used in connection with insurance claims. The insurance company issues a reservation of rights letter stating that it may deny coverage for some or all of the claim even while the company is investigating the claim or beginning to treat the claim as if ...
The client fires the attorney. The attorney determines that he is not competent to continue representing the client in a matter. A conflict of interest arises under which the attorney's continued representation of multiple clients impairs the attorney's obligations to the individuals. The client insists upon advancing a frivolous claim.
Dewey & LeBoeuf was known for its corporate, insurance, litigation, tax, and restructuring practices. Some of the firm's leaders were indicted for fraud for their role in allegedly cooking the company's books to obtain loans while hiding the firm's financial plight. [ 2 ]
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In a life settlement transaction, the insured completes an application. Once they receive a formal offer from a life settlement provider, the insured receives a “closing” package containing documents to formalize their acceptance of the life settlement exchange offer. The client signs transfer-of-ownership forms to complete the transaction ...
A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.
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