U.S. COURT APPLIES “INTERRELATED WRONGFUL ACTS” AND CLIENT-SERVICES LIMITS TO DEFEAT PI CLAIM
A U.S. federal court, applying California law, has recently held that a financial services firm had no cover under its professional liability policy for a client’s claim because the alleged misconduct was part of a single, interrelated course of conduct that began before the policy incepted. The court also found, independently, that cover failed because…

