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Home / Opinion Digests / Attorneys – Malpractice Policy – Rescission – Application Statements (access required)

Attorneys – Malpractice Policy – Rescission – Application Statements (access required)

A lawyer who did not know his new partner currently was embezzling from his clients when their new firm applied for a malpractice policy, loses his own coverage when the carrier rescinds the policy for material misrepresentations, a Richmond U.S. District Court holds. In January 2006, two solo practitioners, Michael Hancock and Stephen Dalton, merged their ...