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...
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.