WexTrust Receiver Sues Insurers For Malpractice Funds

Law360, New York (July 28, 2011, 1:18 PM EDT) -- The receiver recovering funds from WexTrust Capital LLC for a $255 million Ponzi scheme that led to prison terms for company executives sued two insurers Tuesday in New York, demanding they fund a $13 million malpractice settlement reached with WexTrust's law firm.

Receiver Timothy J. Coleman's complaint seeks an order from U.S. District Judge Denny Chin that primary policy issuer Westport Insurance Corp., a unit of Swiss Re, and excess policy issuer Liberty Mutual Insurance Co. must fund the settlement he reached in May with the...
To view the full article, register now.




Case Information

Case Title

Case in other court:

Case Number



New York Southern

Nature of Suit



Judge Denny Chin

Date Filed

August 11, 2008

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.