Insurance
Aug. 7, 2012
Insurance coverage for 'disgorgement' claims
Insurers often assert that the relief requested constitutes "disgorgement" or "restitution" not covered by their policies. They frequently are wrong.
Kirk A. Pasich
Partner and Co-Leader of the Insurance Recovery Group
McGuireWoods LLP
Phone: (310) 956-3462
Email: kpasich@mcguirewoods.com
Loyola Law School
Many businesses today face lawsuits in which the amounts sought often are characterized as something other than compensatory damages. These lawsuits may be brought under federal or state false claims acts, under the Foreign Corrupt Practices Act, under various securities laws, under employment laws, or for the return of monies allegedly paid or fees wrongfully assessed.
In response to requests for coverage for these lawsuits, insurers often assert that the relief requested consti...For only $95 a month (the price of 2 article purchases)
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