Insurer Wants Malpractice Policy Axed Over Heiress Scheme

Law360, Chicago (October 18, 2012, 2:53 PM EDT) -- Professionals Direct Insurance Co. wants to rescind the professional liability policy it issued Collier Halpern Newberg Nolletti & Bock LLP, alleging in a lawsuit filed Wednesday in New York that the firm hid allegations tied to its high-profile handling of a recently deceased heiress' financial affairs.

The Hanover Insurance Group Inc. unit alleges it is entitled to rescind the policy and to recover defense costs it paid in connection with allegations brought against Collier Halpern and named partner Wallace Bock over their work for Huguette Clark,...
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