An insurance company alleges in a lawsuit that Pettit’s misrepresentations led it to...
Former San Antonio attorney Christopher Pettit, left, and his now-former laywer Michael G. Colvard head to a meeting with Pettit’s creditors in July. An insurer that issued a $2 million malpractice insurance policy to Pettit and his firm wants a San Antonio bankruptcy court to rescind the policy.aren’t the only ones saying they were deceived by the disgraced ex-San Antonio lawyer.
Trustee Eric Terry has refused, however. According to a Sept. 12 letter an attorney for Terry sent to the insurer’s counsel, the trustee will not agree to rescind the policy and “will continue to seek coverage for covered claims for legal services.” National Liability filed its complaint in San Antonio’s U.S. Bankruptcy Court, where Pettit and his firm sought refuge from creditors in massive cases filed June 1. The filings, which have been consolidated, came after his clients filed about a dozen lawsuits alleging he had collectively misappropriated tens of millions of dollars that belonged to them.
He’s been in jail on a contempt of court charge since Sept. 9, when a judge found he had not been truthful during his bankruptcy proceedings. On Thursday morning, several Pettit creditors and their representatives dialed in to a conference call to once again question him. But he did not call in from the Karnes County Detention Facility.
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