Firms Ask 11th Circ. To Lift Block On Fee Claim In Fraud Case 1  Firms Ask 11th Circ. To Lift Block On Fee Claim In Fraud Case

Firms Ask 11th Circ. To Lift Block On Fee Claim In Fraud Case

Law360 (May 20, 2020, 9:30 PM EDT) — Law firms Leon Cosgrove LLP and Mitchell Silberberg & Knupp LLP told the Eleventh Circuit on Wednesday that a lower court erred by approving a prohibition against their pursuing payment from an insurance company when it signed off on a settlement agreement in an SEC fraud suit against their former client.

Oral arguments originally scheduled for Miami but held by phone due to the COVID-19 pandemic focused heavily on the firms’ contention that the district judge abused his discretion by blocking them from suing Ironshore Indemnity Inc. for coverage of $1 million in fees they say they are owed for their…