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News

NYC Property Co. Seeks Insurer’s Defense In Self-Dealing Suit

Law360

  • March 28, 2022

A New York City property management company urged a New York federal court to declare that an Argo Group unit must defend it in an underlying suit accusing the company of self-dealing and unilaterally overstepping its authority under operating agreements with various limited liability companies.

Pine Management Inc. said in its complaint against Colony Insurance Co. on Thursday that a prior wrongful act exclusion in its professional liability policy is "wholly inapplicable" to the underlying suit, filed by a raft of LLCs with ownership stakes in apartment units Pine managed.

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Pine is represented by Dennis J. Nolan, John M. Leonard and Regan E. Samson of Anderson Kill PC.

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