Insurance
Mar. 12, 2010
Protecting Your Client From Prevailing Party Payouts
Until recently, there was no insurance available to cover plaintiffs in loser pays systems, writes Kevin Martin of Sonoma Risk Insurance Agency.
By Kevin Martin
In an opinion issued in the case, Toll Brothers Inc. v. Chang Su-O-Lin, 2009 U.S. Dist. LEXIS 58041 (N. Dist. Cal. 2009) by the Northern District of California on June 25, 2009, the court ordered Toll Brothers Inc. to pay nearly $1.4 million in attorneys' fees after losing a breach of contract case. The court's award of attorneys' fees to the defendant was based upon a prevailing party provision found in a purchase and sale agreement between the par...For only $95 a month (the price of 2 article purchases)
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