NY Firm Denied Coverage For Some Sandy Business Losses

Law360, New York (March 19, 2014, 5:20 PM EDT) -- A New York federal court on Tuesday nixed insurance coverage for part of the business interruption losses that a boutique firm founded by former Paul Hastings LLP lawyers suffered during a more than two-month shutdown resulting from Superstorm Sandy.

U.S. District Judge Denise Cote held that The Charter Oak Fire Insurance Co. did not have to cover Johnson Gallagher Magliery LLC's business income losses due to a lack of electricity at the firm's Wall Street office between Oct. 29, 2012, and the early hours of Nov....
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