Secured D & O Settlement for Trust Firm within Six Months of Filing Complaint

Hoke LLC represented a national trust company in a dispute regarding whether the client had insurance under its Directors’ & Officers’ and Bankers Professional Liability policy for suits brought by underlying plaintiffs claiming they were victims of a $100M Ponzi scheme that was featured on American Greed. The coverage litigation involved claims against the insurer for declaratory relief, breach of contract, reformation, and bad faith, as well as claims against the insurance broker for professional negligence and breach of contract. A favorable settlement was secured within six months of filing the complaint.