Sedgwick Sued For Malpractice Over Milberg Fraud Coverage

Law360, New York (January 30, 2013, 10:01 PM EST) -- Sedgwick LLP was hit with a malpractice lawsuit Wednesday by syndicates of Lloyd’s of London insurance underwriters accusing it of not advising them properly in an underlying coverage row with Milberg LLP during its legal woes over a criminal kickback scheme.

In a complaint filed in Illinois state court, the underwriters claimed they were fraudulently made to issue coverage to Milberg based on its false representations in its policy application that the firm could not foresee any potential claims against its attorneys, even though Milberg must...
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.