|Preservation Obligations and Insurance Policy Notification Clauses|
Therese Craparo, Michael J. Gill, Sarah E. Reynolds; Mayer Brown LLP;
December 29, 2010, previously published on December 29, 2010An accounting firm becomes aware through news reports of the collapse of an alleged Ponzi scheme. Several of its audit clients are investment funds that are victims of the scheme. The accounting firm consults with counsel about whether the accounting firm has insurance coverage if sued by the...