Law360, New York (February 09, 2012, 1:39 PM ET) -- Twin City Fire Insurance Co. has no duty to insure law firm McBreen & Kopko LLP for breach of fiduciary claims arising from the bankruptcy of Butler International Inc., an Illinois federal judge ruled Wednesday.
The fiduciary duty claim in the underlying lawsuit is not based on a wrongful act as that phrase is defined in the law firm’s insurance policy, U.S. District Judge Elaine E. Bucklo said in an order granting summary judgment to Twin City.
A wrongful act is defined by the policy as...
Twin City Off Hook For Coverage Of Firm's Alleged Misdeeds
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