Liberty Says It Owes No Coverage Over Resort Fallout

Law360, New York (December 5, 2013, 6:33 PM EST) -- Liberty Insurance Underwriters Inc. filed suit in New York federal court Tuesday claiming it is not responsible to provide coverage for claims brought against Wiss & Co. LLP and some of its current and former employees who were involved in financing a failed luxury resort in Costa Rica.

According to Liberty's complaint, Wiss and its current and former employees claimed that the insurer was responsible to defend and indemnify them in a case in which the firm was accused of making material misstatements in order to...
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