Lee Tran & Liang Recovers $27 Million in Insurance Bad Faith Claim Against Allianz

^{Published on 2010-09-15 17:40:28 - Market Wire}
 

Lee Tran & Liang Recovers $27 Million in Insurance Bad Faith Claim Against... -- LOS ANGELES, Sept. 15 /PRNewswire/ --

LOS ANGELES, Sept. 15 /PRNewswire/ -- Lee Tran& Liang APLC ("LTL") successfully recovers full value of $27 million insurance policy claim against Allianz.

LTL's client properly and timely filed the necessary forms with the carrier Allianz for a $27 million policy claim.  For several weeks, Allianz refused to state whether it would honor the insurance policy claim, and repeatedly eluded the client's demand for proper explanations.

Left with no other options, the client retained LTL.  James Lee, the lead partner on the matter, immediately and aggressively implemented LTL's strategy.  Due to his extensive knowledge of insurance bad faith law, Mr. Lee was able to get Allianz to pay the client's claim in full, while avoiding further costly litigation for the client.  LTL recovered the full $27 million policy value and arranged for the immediate payment of the sum to the client.

"Insurance carriers have a duty of good faith and fair dealing when it comes to dealing with their insureds," said James Lee, "and we will vigorously fight on behalf of clients who believe their insurance claims were denied in bad faith."

About Lee Tran& Liang APLC

Lee Tran& Liang ["LTL"] is a Los Angeles based law firm focusing exclusively on business and intellectual property litigation. The firm's partners have practiced at prominent multi-national firms, and are graduates of top law schools including Harvard, Stanford, and Columbia.  Primary practice areas include business disputes [breach of contract, aggrieved investors and professionals, and commercial disputes] and intellectual property litigation [patents, trademarks, copyrights, and trade secrets].  What sets the firm apart is its ability to offer creative fee arrangements to meet its clients' needs.  The firm specializes in what it calls "1-to-10" cases – $1 million to $10 million business contingency matters.  In appropriate cases, clients pay no legal fees unless either a verdict or settlement is reached.  This is the LTL difference.  For more information, please contact partner Thomas Suh at (213) 612-8906 or visit our website at [ www.ltlcounsel.com ].  

SOURCE Lee Tran& Liang APLC

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