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HOME INS. CO. v. COOPER & COOPER, LTD.

No. 88-3389.

889 F.2d 746 (1989)

The HOME INSURANCE COMPANY, Plaintiff-Appellant, v. COOPER & COOPER, LTD., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided November 13, 1989.

Attorney(s) appearing for the Case

John J. Lynch, Donald M. Haskell, Daniel P. Caswell, Haskell & Perrin, Chicago, Ill., for plaintiff-appellant.

Ronald R. Peterson, Jenner & Block, John B. Kalish, Kalish & Associates, Chicago, Ill., Thomas Davis, Zion, Ill., David R. Brown, Arkin & Brown, River Forest, Ill., Green & Holmstrom, Lake Forest, Ill., Marvin Glassman, Rabens, Formusa & Glassman, Stacy Baygood, Small Business Admin., Philip E. Howard, Chicago, Ill., Harry Cooper, Pompano Beach, Fla., David Sokolow, Mundelein, Ill., for defendants-appellees.

David P. Leibowitz, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for Cooper & Cooper, Ltd.

Before COFFEY and EASTERBROOK, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

EASTERBROOK, Circuit Judge.

Attorney Lawrence M. Cooper embezzled from accounts held by his firm, Cooper & Cooper, Ltd., of which he was sole shareholder. For his sins he is doing time, and his firm has been cast into bankruptcy — a fitting denouement, for Cooper stole money he held as trustee in other people's bankruptcies. Cooper & Cooper employed 12 other lawyers, and to protect their interests (as well as his own), Cooper sought malpractice insurance...

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