Trustees For Shuttered Law Firm, Insurers Dispute Professional Services Exclusion

(January 5, 2017, 5:32 PM EST) -- ATLANTA — Trustees for the bankruptcy estate of the law firm of Ponzi scheme operator Scott Rothstein and two insurers of a bank that was fined for its role in the scheme debated recently in the 11th Circuit U.S. Court of Appeals whether a federal court correctly dismissed the trustees’ breach of contract action against the insurers based on a professional services exclusion in the policies at issue (Michael I. Goldberg, at al. v. National Union Fire Insurance Company of Pittsburgh, Pa., et al., No. 15-14716, 11th Cir.)....