Mortgage Co. Says Reed Smith Neglected Fraud Suit Coverage

Law360, New York (June 12, 2013, 4:15 PM EDT) -- A New Jersey mortgage company driven into bankruptcy in part by a $780,000 jury verdict tied to allegations of consumer fraud has sued Reed Smith LLP and New Jersey law firm Coffey & Associates PC for allegedly failing to inform the company about its legal defense insurance coverage in the suit.

EquiHome Mortgage Corp. alleges Reed Smith and its Princeton-based partner Robert Jaworski never informed the company about its first-party coverage rights with respect to its legal insurance coverage in the underlying fraud suit. The firm...
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