Landmark Ruling: Fourth Circuit Determines Indictment Not Considered a ‘Claim’ Under Lawyer’s Liability Policy
Columbia, MD – In a recent decision, the Fourth Circuit ruled in favor of Wiley’s clients, stating that a federal indictment with a criminal forfeiture allegation does not qualify as a “claim” under a law firm’s professional liability policy. The court argued that a forfeiture allegation does not meet the requirements of a “written demand” as outlined in the policy’s definition of a claim. The case involved an insured attorney who sought coverage for a Department of Justice subpoena and subsequent criminal indictment. The indictment charged the attorney with conspiracy, money laundering, and forfeiture related … Read more