Nexsen Pruet, Insurer Settle Coverage For Fraud Suit

Law360, New York (October 28, 2010, 12:34 PM EDT) -- Law firm Nexsen Pruet LLC has settled a coverage dispute with a Swiss Re unit regarding two underlying lawsuits that alleged the firm fraudulently induced investors to pump money into a North Carolina residential development.

Judge Frank D. Whitney of the U.S. District Court for the Western District of North Carolina and Judge Joseph F. Anderson Jr. of the U.S. District Court for the District of South Carolina dismissed two separate lawsuits pitting the firm against the insurer on Tuesday and Wednesday, respectively.

Westport Insurance Corp....
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