CLE Seminars

Professional Liability & Insurance Coverage for Failing to Discover/Disclose a Client's Fraud? Yes in Feldman V Raggi & Weinstein (the Ira Pressman Ponzi Scheme) Updated

Monday, November 20, 2017
8:00 am - 12:30 pm

Location: MBA CLE Room

Credits: 3.0 Hours Substantive and 1.0 Hour Ethics

Moderator(s): Sheryl R Rentz, Esq.

Speaker(s): David Banks, Esq.; Lynn E Feldman, Esq.;Lawrence J. Kotler, Esq.; John Mitchell, CPA; Paul Troy, Esq.; Peter J Weidman, Esq.;

Topic: Ira Pressman had a Ponzi Scheme and was convicted of fraud as a result. A Bankruptcy Trustee was appointed for his Estate, who decided to hire litigators to possibly sue the CPA firm for failing to discover/disclose the fraud via willful blindness. Litigators hired CPA to provide Certificate of Merit & Expert Opinion. Plaintiff won, but the professional liability insurance company filed a Declaratory Judgement Action trying to deny coverage. as part of a settlement, Defendants assigned their rights to Bad Faith Claims to Plaintiff. The Declaratory Judgement / Bad Faith case was eventually settled. Even if you joined us for last year's seminar, you will learn specifics about the opinion of the Plaintiff's expert in the underling case, as well as the Declaratory Judgement / Bad Faith claims which had yet to be settled.

Registration: Registration and continental breakfast begin at 8:00 am

Registration Closed

Registration on the web for this CLE is not available at this time. Please contact the bar association if you have questions at 610-279-9660, ext. 211.