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Professional liability policy proceeds not property of bankruptcy estates
  • Wiley Rein LLP
  • USA
  • June 23 2011

The United States Bankruptcy Court for the District of Nevada has held that proceeds from a professional liability policy were not property of the insured-debtors' bankruptcy estate because the proceeds were payable only for the benefit of third party claimants and could not be accessed by the debtors directly


Third Circuit upholds liability of PricewaterhouseCoopers in Ambassador insolvency
  • Locke Lord LLP
  • USA
  • October 7 2008

The United States Court of Appeals for the Third Circuit recently upheld a $182.9 million judgment against PricewaterhouseCoopers, LLP (“PWC”) for allegedly contributing to the failure of Ambassador Insurance Company (“Ambassador”) through negligent auditing


Thabault v. Chait: completing the Third Circuit's deepening insolvency trilogy
  • Jones Day
  • USA
  • March 6 2009

When the United States Court of Appeals for the Third Circuit decided Thabault v. Chait, 541 F.3d 512 (3d Cir. 2008), in September 2008, it was the most significant accounting malpractice decision of last year and perhaps the most significant damages case in the last 20 years


David Erickson
  • Shook Hardy & Bacon LLP

Madeleine McDonough
  • Shook Hardy & Bacon LLP

Christopher M. Ernst
  • Bricker & Eckler LLP

Scott R. Metcalf
  • Franczek Radelet PC

Debra S. Dunne
  • Shook Hardy & Bacon LLP

Greg Fowler
  • Shook Hardy & Bacon LLP

Simon Castley
  • Shook Hardy & Bacon LLP