Pepper Hamilton Loses Coverage Bid For Client Fraud

Law360, New York (October 21, 2009, 7:59 PM EDT) -- New York's highest court has determined that two excess insurers are not required to provide coverage to Pepper Hamilton LLP for legal actions stemming from a client's fraud, saying the law firm was obligated to inform the insurers about the possibility of the lawsuits before the policies were issued.

The New York Court of Appeals ruled Tuesday that Executive Risk Indemnity Inc. and Twin City Fire Insurance Co., two excess insurers for Pepper Hamilton, did not have to indemnify the law firm, since the policies they...
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