A lawyer's controlling interest in a real estate venture negated his law firm's malpractice coverage, the First Department decided Tuesday.
April 08, 2015 at 09:00 AM
1 minute read
A lawyer’s controlling interest in a real estate venture negated his law firm’s malpractice coverage, the Appellate Division, First Department, decided Tuesday.
Ruling in Lee & Amtzis v. American Guarantee and Liability Insurance Co., 653050/11, Justice Judith Gische, writing for a unanimous panel, said the policy’s Business Enterprise Exclusion clause relieved insurer American Guarantee of any obligation to defend the firm and its partners.
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