Jeffrey J. Chomko: Lawyer with Marshall Dennehey Warner Coleman & Goggin, P.C.

Jeffrey J. Chomko

Jeffrey J. Chomko is a shareholder with Marshall, Dennehey, Warner, Coleman & Goggin. His practice is devoted largely to defending errors and omissions claims directed to insurance agents, brokers and other investment professionals in both judicial and non-judicial forums, including the NASD (now FINRA).
Phone(215) 575-2632

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Experience & Credentials

Practice Areas

  • Insurance Agent E&O Defense
  • Securities Litigation
  • Commercial Litigation
  • Errors & Omission Defense
  • Real Estate E&O Liability
University Villanova University, B.A., 1984; Dean's List, multiple times
Law SchoolBoston College Law School, Newton, Massachusetts, J.D., 1988 Top one-third
Admitted1988, Pennsylvania; 2001, U.S. District Court Eastern District of Pennsylvania; 2001, U.S. District Court Middle District of Pennsylvania

Associations & Memberships

•Philadelphia Bar Association


As a member of the firm's Professional Liability Department, Jeffrey concentrates a significant portion of his practice in defending errors and omissions claims directed to insurance agents and brokers, investment professionals, and real estate professionals in the State and Federal Courts of Pennsylvania. He also represents these professionals before state securities and insurance commissions, real estate commissions, and other regulatory forums, including the Financial Industry Regulatory Authority (FINRA). These matters involve licensure issues, administrative and regulatory litigation, and responding and defending against subpoenas.

Jeffrey has litigated complex commercial, mortgage, condominium and banking disputes. In these matters, he has represented banks, mortgage companies, condominium boards, property management companies, inspectors, appraisers, and other commercial entities. He also has a strong background in defending general liability and casualty matters, including those that sometimes form the basis of complex insurance disputes.

Jeffrey practices in both the state and federal courts of Pennsylvania, regularly representing clients in Pennsylvania State Courts, and the Federal District Court for the Eastern and Middle Districts of Pennsylvania. He has a strong command of state and federal procedural rules and is well versed in the intricacies of local, state, and federal practice. In addition to litigating matters, he often utilizes the mediation and arbitration process to resolve complex disputes, including AAA Arbitration.

Throughout his career, Jeffrey has successfully handled hundreds of civil matters from the most basic to the most complex, resulting in many defense verdicts, dismissals, or favorable settlements in both judicial and non-judicial forums. As a former registered representative, his understanding of the workings of the financial services industry and markets, as well as his familiarity with all types of insurance products, has enabled him to efficiently and effectively handle complex insurance issues.

A graduate of Villanova University and Boston College Law School, he frequently presents to clients and industry groups on insurance and real estate related issues. His most recent presentation was Best Practices for Insurance Agents and Brokers.

Year Joined Organization



8th Annual National E & O Insurance ExecuSummit
Conference • Jun 17, 2014

David Shannon will discuss E & O Cyber Liability at the 8th Annual E & O Insurance ExecuSummit, to be held June 17 - 18 in Uncasville, CT. Additionally, Jeffrey Chomko will participate on a panel discussing Insurance Agents & Brokers E...


Legal Update for Securities

Law Alerts • March 20, 2015

Recent Litigation VictoriesIn a recent FINRA arbitration, Stanley Abel v. Janney Montgomery Scott, FINRA Arbitration No. 14-00018, Sam Cohen (Philadelphia, PA) obtained a directed verdict on behalf of his clients, Janney Montgomery Scott LLC, and..., The material in this law alert has been prepared for our readers by Marshall Dennehey Warner Coleman & Goggin. It is solely intended to provide information on recent legal developments, and is not intended to provide legal advice for a specific...

Reported CasesSignificant Representative Matters: Represented and obtained dismissal of an insurance agent in the Philadelphia Court of Common Pleas in a matter involving an insurance policy the agent had sold to a professional hockey player. When the player's widow brought a claim for a breach of the standard of care, Jeffrey successfully argued that no duty was owed or breached; Obtained summary judgment in a binding arbitration on behalf of an insurance agent against a well-known Philadelphia restauranteur in a dispute involving the assessment of a co-insurance penalty. Succesfully argued that the insured's own conduct barred him from obtaining recovery; Obtained summary judgement on behalf of an insurance agent and agency against a lawyer/plaintiff in a case involving the placement of coverage for a residential commercial property in Philadelphia. Successfully argued that no breach of contract claim was manifested; Successfully resolved a condominium dispute involving a resident who sued a condominium board and its individual officers in tort and contract, by establishing that the board acted properly in its management and oversight of the property; Successfully defended claims for declaratory, injunctive and monetary relief on behalf of a non-profit retirement organization by arguing that the entity acted properly in assisting its members in purchasing and residing in a Center City condominium, despite claims by existing residents that the organization's members should not be permitted to live there, due to advanced age. Successfully utilized a Human Relations Commission decision on behalf of the elderly residents to effectively bring an end to the civil litigation; Successfully argued that a policy of life insurance is not bound until the policy of insurance is actually delivered and is paid for by the policyholder; Successfully able to reduce and resolve multi-million dollar settlement demands down to less than a fraction of the damages claimed. In one instance, the demand was for $1.6 million and was resolved for $245,000. In another instance, the demand was for $2.1 million and the case was resolved for $160,000; Through the use of inspection, engineering, or construction experts, was able to resolve for pennies on the dollar cases with high exposure, including extra-contractual damage exposure; Successfully employed the use of appraisers, conduct experts, and cause and origin experts to resolve multiple matters involving potential exposure in excess of $1 million for fractions of that amount.; Published Works: Beware E & O Holes in Your Agency's Digital Efforts, Independent Agent, May 2014

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FINRA Presents Bond Disclosure Revisions for Public Comment
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
In an effort to increase transparency about potentially hidden markups in bond transactions, FINRA proposed potential rule revisions for public comment. The proposed rule changes, a companion to an almost identical proposal put forth by the MSRB covering municipal bonds, require bond dealers in...

SEC Poised to Clarify Standard of Care for Investment Brokers and Investment Advisors
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
The SEC has announced that it will be revisiting the question of whether to establish a uniform standard of care that would cover both investment brokers and investment advisors. Currently, investment brokers or registered representatives are governed by the suitability standard because they...

Wall Street and FINRA at Odds Over FINRA’S Comprehensive Automated Risk Data System
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
The Securities Industry and Financial Markets Association, a Wall Street lobbying group, has joined in the criticism of FINRA’s announced Comprehensive Automated Risk Data System (CARDS). In a 63-page letter, the group criticized the proposed CARDS program for the projected cost of...
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Office Information

Jeffrey J. Chomko

2000 Market Street, Suite 2300
PhiladelphiaPA 19103


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