4th Circ. Upholds $5M Coverage Cap For Legal Mal Award

By Jeff Sistrunk (November 27, 2017, 5:19 PM EST) -- The Fourth Circuit on Monday affirmed that Protostorm Inc. can only tap $5 million in coverage under a Virginia law firm's legal malpractice policy to cover part of an $8 million award the tech company obtained against the firm for botching its online game patent, agreeing with a lower court that the malpractice predated a coverage increase.

The law firm, Antonelli Terry Stout & Kraus LLP, had malpractice insurance with Minnesota Lawyers Mutual Insurance Co. for up to $5 million for claims stemming from acts before Oct. 25, 2006, and up to $10 million for claims tied to acts after that...

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