NJ Firm Loses Bid For Quick Win Over Stolen Funds Coverage

Law360, New York (July 15, 2016, 4:58 PM EDT) -- A New Jersey federal judge rejected by a bid by the Cadre Law Firm LLC and its owner for a quick win in litigation seeking insurance coverage for client funds embezzled by a former legal assistant, rebuffing claims that a ProAssurance Casualty Co. professional liability policy clearly should apply.

U.S. District Judge Kevin McNulty denied a summary judgment motion by the firm and owner Jill Cadre in a coverage dispute over funds misappropriated from the attorney trust account, determining that neither state statutes nor the policy language weighs in their favor.

The suit stems from Cadre’s hiring of Miguel Mayorga in...

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