Illinois Appeals Court Flips Ruling On Atty Malpractice Policy

Law360, Chicago (November 25, 2013, 8:17 PM EST) -- Illinois State Bar Association Mutual Insurance Co. is on the hook for defending a Chicago-area lawyer against a legal malpractice lawsuit even though his partner concealed the suit from the insurer, an Illinois appeals court ruled Friday, reversing a lower court decision that scrapped the relevant policy. 

In a 20-page opinion, the three-judge panel found that the common law “innocent insured doctrine” maintained coverage for Will Terpinas Jr. despite the fact that his partner, Sam Tuzzolino, lied to the insurer when renewing the policy by saying...
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.