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Representing SunTrust Banks in coverage disputes totaling $500 million


We represent SunTrust Banks, Inc. and its affiliated investment advisers, lenders, broker-dealers, and other insureds with respect to insurance coverage for claims made against the insureds.  This includes insurance claims for approximately 200 underlying matters, consisting of underwriter and securities class actions, ERISA lawsuits, wrongful foreclosure suits, lender liability suits, auction-rate securities demands, and regulatory investigations launched by the Federal Reserve Board, SEC, DOJ, HUD, FHFA, and other agencies.  The underlying matters have triggered coverage under the bank’s professional liability, fiduciary liability, D&O, and other lines of coverage.  In July 2014, SunTrust filed suit against 15 domestic and international insurers and amended the complaint in September 2014, to seek approximately $500,000,000 in losses under four separate policy periods and towers of insurance.