Restructuring Co., Lloyd's End E&O Coverage Fight

Law360, New York (July 31, 2009, 2:05 PM EDT) -- Business restructuring firm Corporate Turnaround and Lloyd's of London have called a truce in a dispute over coverage for the defense of a state attorney general's claim that Corporate Turnaround violated consumer protection laws.

On Thursday, Judge Joseph A. Greenaway of the U.S. District Court for the District of New Jersey dismissed the suit, reporting that Corporate Turnaround and Lloyd's have reached a settlement.

The New Jersey-based company sued Lloyd's on March 20, 2008. It alleged that Lloyd's had breached contracts related to two errors and...
To view the full article, register now.