NY Top Court Takes Up Post-Judgment Policy Exclusion Bid

Law360, New York (April 25, 2013, 7:23 PM EDT) -- New York's top court grappled Thursday with whether an insurer that refused to defend a lawyer in an underlying malpractice case should be able, after the lawyer lost a default judgment, to return to court and assert “business enterprise” policy exclusions related to the lawyer's bankrupt real estate concern.

American Guarantee and Liability Insurance Co. believes it should not be responsible for a $3.1 million judgment awarded to malpractice plaintiffs K2 Investment Group LLC and ATAS Management Group because the lawyer accused of malpractice, Jeffrey Daniels,...
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