Baker Tilly, Lexington End Coverage Dispute In $50M Ruling

Law360, New York (November 13, 2012, 4:51 PM EST) -- Accounting firm Baker Tilly Virchow Krause LLP and Lexington Insurance Co. told a Wisconsin federal court Thursday they have settled their coverage dispute over an underlying professional liability suit for which Baker Tilly was hit with a $50 million judgment.

The companies told the court they had resolved the claims asserted in Baker Tilly’s suit, though they did not disclose details of a deal or settlement. The court closed the case Friday, putting to rest Baker Tilly’s breach of contract and bad faith claims against Lexington...
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