Home Scam/Fraud Insurer Doesn’t Owe Firm Fees In Loan Suit, 11th Circ. Says —...

Insurer Doesn’t Owe Firm Fees In Loan Suit, 11th Circ. Says — Scam Guards

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Law360 (June 28, 2021, 6:20 PM EDT) — A Florida law firm and two of its shareholders are not entitled to over $1 million in fees and lost revenues they said Nautilus Insurance Co. owed them for the defense of a $14 million loan dispute, a panel of Eleventh Circuit judges found Monday.

The three-judge panel said Kluger Kaplan Silverman Katzen & Levine PL and shareholders Abbey Kaplan and Steve Silverman were barred from asserting claims for damages because they already litigated those claims in arbitration proceedings. The panel added that the law firm and the attorneys failed to show that they lost profits from investments they could have…

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