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CNA Need Not Cover Atty's $1.5M Award In Funds Theft Row

Law360 (September 13, 2018, 5:22 PM EDT) -- A Connecticut federal judge ruled Wednesday that a CNA Financial Corp. insurer doesn’t have to cover a nearly $1.5 million award entered against a lawyer after a jury found he had misappropriated a client’s funds to pay for personal expenses, concluding that the damages sought in the underlying action are excluded by the lawyer’s policy.

U.S. District Judge Michael P. Shea granted CNA unit Continental Casualty Co.’s motion for judgment on the pleadings, absolving the insurer of any obligation to cover Stratford, Conn.-based attorney Laurence Parnoff’s...
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Case Information

Case Title

Continental Casualty Company v. Parnoff et al


Case Number

3:17-cv-00769

Court

Connecticut

Nature of Suit

110(Insurance)

Judge

Michael P. Shea

Date Filed

May 10, 2017

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