Insurers Sue Milberg LLP To Void Liability Contracts

Law360, New York (August 27, 2008, 12:00 AM EDT) -- A group of London insurers has sued Milberg LLP to recover insurance payments made to fund the defense of a massive kickback investigation that has led to prison time for two of the firm's most renowned attorneys.

In a complaint filed Tuesday, underwriters from Lloyd's of London asked a court to declare that the insurance contracts for the firm should be rescinded and to award at least $4.8 million in damages to cover the insurance payouts.

The suit argues that the contracts should be rescinded because...
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