Brecek & Young Sues For Coverage Of NASD Case

Law360, New York (October 6, 2009, 6:24 PM EDT) -- Brecek & Young Advisors Inc. has lodged a breach of contract lawsuit claiming that a Lloyd's of London policy should cover the costs of a negligence case filed against it with the National Association of Securities Dealers.

In a lawsuit filed Monday in the U.S. District Court for the District of Kansas, Brecek & Young asked a court to award it damages and declaratory relief for breach of contractual duties under an insurance policy effective from Dec. 1, 2006, to Dec. 1, 2007. Catlin Underwriting Agencies...
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