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Cushman & Wakefield Secures More Than $48 Million in Coverage for Appraisal Litigation

April 26, 2018·News·less than a minute

On Friday, April 20, 2018, Cohen Ziffer lawyers secured a summary judgment ruling from the U.S. District Court for the Northern District of Illinois which allows Cushman & Wakefield, Inc., the world’s largest privately held real estate services firm, to access $48 million in coverage from four insurers to cover defense costs and settlement payments in connection with four lawsuits concerning underlying appraisal-related claims. The court also rejected the insurers’ counterclaims for recoupment of over $33 million already paid to Cushman by the carriers.

Click the articles below to read media coverage of the decision:

  • Cushman Beats Insurers’ Bid To Bar Appraisal Suit Coverage (Law360)
  • McKool Smith Team Notches $33M Win in Dispute Over Legal Costs (New York Law Journal)
  • Suits Alleging Appraisal-Related Errors Triggered Professional Liability Coverage (Mealey’s)

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