Liberty Claims Law Firm At Liability Coverage Limit

Law360, New York (October 23, 2012, 4:27 PM EDT) -- Liberty Surplus Insurance Corp. Inc. sued Weinberg & Richmond LLP in Illinois federal court Monday, saying the defunct law firm has exhausted its $5 million in professional liability coverage because separate lawsuits brought by a bankrupt restaurateur and its owners count as one claim.

Boston-based Liberty Surplus said the policy it issued to Weinberg & Richmond, which has a $5 million limit per claim and a total cap of $10 million, has already been exhausted through settlements of litigation brought by Restaurant Development Group Inc.'s Chapter...
To view the full article, register now.




Case Information

Case Title

Liberty Surplus Insurance Corporation, Inc. v. Weinberg & Richmond, LLP et al

Case Number



Illinois Northern

Nature of Suit

110(Contract: Insurance)


Honorable Robert M. Dow, Jr

Date Filed

October 22, 2012

Law Firms

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.