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...
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