Admiral Drops Coverage Fight With Md. Law Firm

Law360, New York (January 30, 2012, 4:12 PM EST) -- Admiral Insurance Co. dropped its coverage suit against Garza Regan & Associates PC in Maryland on Friday following a settlement in underlying litigation over the law firm's alleged failure to protect funds related to a real estate investment scheme.

U.S. District Judge Peter J. Messitte approved a joint stipulation for dismissal filed by the insurer and defendants Garza Regan, partner John R. Garza, Ivanhoe Investment Partners LP, Ivanhoe Associates LLC and PPSP Trust Investment LLC. Each party will bears its own costs.

The parties moved for...
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