Mark Geragos and Brian Kabateck have sued their former co-counsel in two class actions involving life insurance claims for victims of the Armenian genocide, alleging he fraudulently funneled settlement funds to sham charities.

Prominent divorce lawyer Norman M. Sheresky, 82, lodged a $26 million suit against his former partners at Sheresky Aronson Mayefsky & Sloan on Friday after being pushed out earlier this month. Sheresky — whose clients have included former supermodel Christie Brinkley’s most recent ex-husband and actor James Gandolfini’s ex-wife — alleged his former partners in the firm he founded 15 years ago, motivated by “disloyalty and greed,” reneged on agreements to pay his life insurance premiums and the mortgage on his apartment.

In a huge win for labor, the 3rd Circuit has ruled that a corporation in bankruptcy cannot terminate its retirees’ health and life insurance benefits — even if its ERISA plan explicitly reserved its right to unilaterally terminate such benefits — unless it can show that doing so is a necessary part of its reorganization plan. The decision promises to alter the playing field in big corporate bankruptcies by mandating compliance with Section 1114 of the Retiree Benefits Bankruptcy Protection Act without exception.

How big and complex of a deal was the $35.5 billion sale of AIG’s Hong Kong-based Asian life insurance unit to the U.K. insurer Prudential?

Scott Rothstein’s life insurance carrier can file a default judgment to cancel the alleged fraudster’s $14.8 million policy, a Miami federal judge has ruled. Massachusetts Mutual sued Rothstein the day after he was arrested for allegedly orchestrating a $1.2 billion Ponzi scheme