Twin City Off Hook For Coverage Of Firm's Alleged Misdeeds

Law360, New York (February 9, 2012, 1:39 PM EST) -- Twin City Fire Insurance Co. has no duty to insure law firm McBreen & Kopko LLP for breach of fiduciary claims arising from the bankruptcy of Butler International Inc., an Illinois federal judge ruled Wednesday.

The fiduciary duty claim in the underlying lawsuit is not based on a wrongful act as that phrase is defined in the law firm’s insurance policy, U.S. District Judge Elaine E. Bucklo said in an order granting summary judgment to Twin City.

A wrongful act is defined by the policy as...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Twin City Fire Insurance Company v. McBreen & Kopko LLP et al


Case Number

1:10-cv-07949

Court

Illinois Northern

Nature of Suit

110(Contract: Insurance)

Judge

Honorable Elaine E. Bucklo

Date Filed

December 14, 2010

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.