Insurance Suit Against Milberg Back In District Court

Law360, New York (January 22, 2010, 4:57 PM EST) -- Two insurance companies seeking to rescind defense coverage to Milberg LLP and several former partners caught up in an infamous kickback scheme have agreed to withdraw their appeal in order to resolve a few outstanding issues.

The U.S. Court of Appeals for the Second Circuit issued an order Wednesday that sent the case back to the U.S. District Court for the Southern District of New York. Lloyd's of London underwriters and Illinois Union Insurance Co. had originally appealed on Oct. 28 and Nov. 2, respectively....
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