Judge: No Coverage For Suit Seeking To Recover Funds Lost In Check Fraud Scam

Judge: No Coverage For Suit Seeking To Recover Funds Lost In Check Fraud Scam

CONCORD, N.H. - A bank's underlying claim against a law firm insured arises from the conversion or misappropriation of funds under the insureds' control and, therefore, is excluded from coverage under the unambiguous language of a professional liability insurance policy, a New Hampshire federal judge ruled June 28, granting the insurer's motion for summary judgment (Attorneys Liability Protection Society Inc. v. Whittington Law Associates, et al., No. 11-cv-563-JL, D. N.H.; 2013 U.S. Dist. LEXIS 91190).

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