RE Ponze Scheme Suits Excluded From Policy, Insurer Says
Washington partner Jordan Rubinstein and associate Darren Dwyer were mentioned in a June 27 Law360 article – “ RE Ponze Scheme Suits Excluded From Policy, Insurer Says” – about Vermont-based Title Industry Assurance Co. RRG seeking declaratory judgment in federal court that professional liability insurance obtained from it by Park Avenue Abstract does not cover ongoing lawsuits in New Jersey state courts. Per the article, “one of those suits claims Park Avenue Abstract colluded with Capital Financial Mortgage Corp. to divert money intended to satisfy liens on properties whose mortgages Stonegate Mortgage Corp., a plaintiff in one of the suits, was planning to buy.”
Jordan and Darren are representing TIAC in the legal proceedings.