A legal malpractice insurer has been found not responsible for at least $7 million in legal expenses accrued defending a bankrupt law firm sued by an investment company whose manager was also a partner at the defendant firm.
May 04, 2017 at 02:37 PM
1 minute read
The original version of this story was published on Daily Report Online
The U.S. Court of Appeals for the Eleventh Circuit has ruled that a legal malpractice insurer is not responsible for at least $7 million in legal expenses accrued defending a bankrupt law firm sued by an investment company whose manager was also a partner at the defendant firm.
It’s a cautionary tale for lawyers who advise outside entities while being part of their operation.
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