Pepper Hamilton, Insurer Settle Coverage Row

Law360, New York (July 13, 2011, 4:35 PM EDT) -- Pepper Hamilton LLP and its insurer, Westport Insurance Corp., have settled their coverage dispute stemming from a securities fraud scheme orchestrated by one of the law firm's clients, an attorney told a New York state judge Monday.

The insurer, the law firm and a partner in the firm's Philadelphia office, W. Roderick Gagne , have signed a settlement agreement, according to a letter to the court from Pepper Hamilton's attorney, Charles A. Gilman of Cahill Gordon & Reindel LLP.

Terms of the settlement weren't disclosed, and...
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