June 30, 2014
A New Jersey federal judge on Friday gave Colony Insurance Co. the go-ahead to rescind a professional liability policy issued to a Philadelphia law firm with connections to an alleged $8.5 million Ponzi scheme, while dealing a default judgment to the firm's former managing partner.
September 13, 2013
A New Jersey federal judge on Thursday sanctioned the former managing partner of a Philadelphia law firm for evading a deposition, nixing the attorney's answer and remaining counterclaim against professional liability carrier Colony Insurance Co. in litigation with roots in an alleged $8.5 million Ponzi scheme.
December 05, 2012
A New Jersey federal judge on Wednesday nixed nearly all of a Philadelphia law firm's counterclaims against Colony Insurance Co. in litigation over whether the carrier can rescind a professional liability policy covering a lawyer accused of running an $8.5 million Ponzi scheme.
February 07, 2012
An Argo Group US Inc. subsidiary sued Kwasnik Kanowitz & Associates PC in New Jersey federal court Tuesday, hoping to nix a professional liability policy that covered a lawyer currently in jail who was accused of running an $8.5 million Ponzi scheme targeting elderly investors.