Lewis Liman testifies before the Senate Judiciary Committee during his confirmation hearing to be U.S. District Judge for the Southern District of New York, on Wednesday, August 1, 2018. US Judge Strikes Restraining Notice, Allowing Defense Counsel to Be Paid in Insurance Spat
U.S. District Judge Lewis J. Liman of the Southern District of New York said a director-and-officer liability policy required that defense costs be paid directly to counsel and did not constitute a debt that could be attached as a property interest under New York civil practice rules.
February 07, 2022 at 06:24 PM
3 minute read
Insurance Litigation
A Manhattan federal judge has invalidated a restraining notice that barred an insurer from paying defense costs for a corporate officer who was slapped with a $3.3 million judgment for failing to pay off a 2016 loan.
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