FMEW recently won summary judgment rejecting a policyholder's claim for professional liability coverage in connection with an underlying suit involving a real estate sales transaction. In granting summary judgment, the court held that the policy, issued to a real estate brokerage firm, unambiguously excluded claims involving properties in which any insured has a financial interest. The evidence established that one of the policyholder's employees held an interest in the company which owned the subject property. As a result, the court dismissed all claims against the firm's client, including claims for bad faith and punitive damages, with prejudice.

Partner Edward M. Pinter and Associate Lindsay S. Hamilton represented the client in this action.