Insurer Says It Needn't Cover Atty Linked To $7.4M Fraud

Law360 (July 8, 2020, 1:19 PM EDT) -- StarStone Specialty Insurance Co. is asking a Florida federal court to cancel an insurance policy it issued to Private Advising Group PA, saying the group knew when it sought coverage that it might face a suit over its founder's connection to a $7.4 million fraud case, but lied on its application.

In a complaint filed Tuesday, StarStone said the receiver for Onix Capital LLC, which is under investigation by the Securities and Exchange Commission, had issued a subpoena to PAG while looking into a potential claim against the company for its role in the alleged fraud on December 1, 2017, nine...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!