NJ Law Firm Can't Revive Insurance Suit Over Stolen Funds

Law360 (June 9, 2021, 4:27 PM EDT) -- A New Jersey state appeals court on Wednesday refused to revive Cadre Law Firm LLC's suit seeking insurance coverage for $800,000 in client funds misappropriated by a former paralegal, saying the policy does not cover the firm's damages.

Judge Carmen Messano upheld a lower court's ruling, saying the law firm and its owner, Jill Cadre, cannot get coverage under their $1 million LawyerCare professional liability policy with ProAssurance Casualty Company.

The firm has said that the insurance covers breach of a fiduciary obligation that results in the misappropriation of client funds. Because New Jersey rules require limited liability companies to obtain...

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!


Attached Documents

Related Sections

Law Firms


Government Agencies

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!