Wolff Ardis, P.C. has developed an international reputation for its experience in pursuing fidelity claims and related litigation. Members of our firm have collectively over 100 years' experience in this area and have participated in obtaining recoveries and/or judgments of over $130 million for clients through fidelity bond claims and related litigation.
Wolff Ardis, P.C. pursues claims filed with all major U.S. and European insurance carriers. As a result, we have developed a unique understanding of the claim techniques employed by each carrier, and also a working relationship with each carrier's attorneys and adjusters. This working knowledge often leads to faster resolution of claims.
Members of the firm have thoroughly analyzed the policy language as well as the current legal interpretations given to fidelity bond policies and their drafting histories. Knowledgeable policy interpretations have allowed recoveries under seldom-considered arguments and have increased the dollar recoveries made on behalf of a number of clients. Patrick M. Ardis spent several years in London, where he developed a close working relationship with brokers in the London market. He has worked with London underwriters and brokers to tailor policies to the specific needs of clients.
Wolff Ardis, P.C. not only has experience in pursuing fidelity claims for employee dishonesty, it has also recovered almost $50 million in losses to financial institutions due to mortgage fraud. The firm's mortgage fraud experience ranges from warehouse mortgage lending fraud, to fraudulent second mortgage schemes involving finance companies, to schemes between in-house bankers and mortgage brokers.
When pursuing fidelity bond claims, Wolff Ardis, P.C. also explores and pursues all other avenues of recovery, including attorneys' and accountants' liability claims, disposition of collateral and pursuing individual directors, officers and others involved in the loss.