Lloyd's Says It Has No Duty In $50M St. Vincent Qui Tam Suit

Law360, New York (January 29, 2013, 5:53 PM EST) -- Lloyd's of London shouldn't have to help Huron Consulting Group Inc. defend against a $50 million whistleblower suit tied to Medicare and Medicaid overbilling at now-defunct St. Vincent Catholic Medical Centers because its policy doesn't cover government lawsuits, the insurer's attorney told a New York state judge Tuesday.

Marc E. Rindner of Wiley Rein LLP, who represents Lloyd's, told Judge Barbara R. Kapnick during a hearing that an exclusion in the policy Huron has with Lloyd's specifically excludes coverage for actions brought by regulatory agencies or...
To view the full article, register now.

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.