Panel Affirms Summary Judgment Ruling In Favor Of Professional Liability Insurer

Mealey's (June 29, 2021, 10:35 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on June 28 affirmed a lower federal court’s summary judgment ruling in favor of a professional liability insurer in a coverage dispute arising from underlying claims that attorney insureds helped a client perpetuate a Ponzi scheme, finding that the insureds’ claim for underlying fees and costs is barred by the doctrine of collateral estoppel and that the insureds failed to provide sufficient evidence that the insurer’s alleged bad faith caused their damages from lost profits....