Reported Decisions, Verdicts and Judgments
- Representation of a domestic insurer in connection with a $10 million warehouse lending claim under a Financial Institution Bond. The insured sought coverage for losses sustained after its borrower induced it to advance money on a warehouse line of credit based upon forged promissory notes. We successfully obtained summary judgment. This decision is the first published case addressing the compensability of warehouse lending losses. Flagstar Bank, FSB v. Federal Insurance Co., 2006 WL 3343765 (E.D.Mich. November 17, 2006).
- Representation of a corporate client in a $30 million fraud and breach of fiduciary duty claim against two publicly traded companies. The appeal involved the legal issue of whether a company guilty of fraud may assert contributory negligence as a defense. Williams Electronics Games, Inc. v. Garrity, 366 F.3d 569 (7th Cir. 2004).
- Representation of fidelity insurer in a $5 million forgery claim arising from a lending fraud perpetrated by an insurance broker. Following denial of coverage, litigation ensued. We successfully moved to dismiss the claim (which was affirmed on appeal), resolving the claim without discovery or extensive litigation. First Ins. Corp. v. Federal Ins. Co., 284 F.3d 799 (7th Cir. 2002).
- Representation of a corporate client in a commercial dispute under Articles 3 and 4 of the Uniform Commercial Code. The case involved the novel issue of whether the UCC insulates a bank from that accepts acceptance of hundred of checks with forged endorsements from liability. United States Fidelity and Guaranty Co. v. Bank of Bentonville, 29 F. Supp. 2d 533 (W.D. Ark. 1998).
