No Coverage For Atty Accused Of $800K Theft, 5th Circ. Says

Law360 (March 27, 2018, 3:33 PM EDT) -- The Fifth Circuit declined Monday to revive a dispute over an insurance company’s obligations, saying the lower court correctly found no coverage was owed to an attorney found liable for defrauding two clients who were also his friends by failing to repay loans they said totaled $800,000.

The panel agreed with the lower court that at the time Ledford E. White purchased a professional liability policy from Wesco Insurance Co. for his practice, Ledford E. White PC, he was already facing a suit by Gwendolyn Gene Layton and Troylynn Ann Layton over nearly $800,000 he convinced them to lend out. Thus, Wesco had no obligation...

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Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Appellate - 5th Circuit

Nature of Suit

4110 Insurance

Date Filed

April 3, 2017

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