U.S. District Judge Lewis J. Liman of the Southern District of New York said a director-and-officer liability policy required that defense costs be paid directly to counsel and did not constitute a debt that could be attached as a property interest under New York civil practice rules.
February 07, 2022 at 06:24 PM
3 minute read
A Manhattan federal judge has invalidated a restraining notice that barred an insurer from paying defense costs for a corporate officer who was slapped with a $3.3 million judgment for failing to pay off a 2016 loan.
The ruling found that the notice, served by plaintiff KLS Diversified Master Fund on insurer Liberty Special Markets, could not be used to prevent counsel for defendant Sean McDevitt from being paid for their work on the civil case.
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
Lewis Liman testifies before the Senate Judiciary Committee during his confirmation hearing to be U.S. District Judge for the Southern District of New York, on Wednesday, August 1, 2018.
