In re Sargent

OPINION OF THE COURT

Respondent was admitted to the practice of law by this Court on February 16, 1972, and maintains an office in Buffalo. The *41Grievance Committee filed a petition charging respondent with two counts of professional misconduct. The petition alleged that certain lending institutions represented by respondent’s law firm, as well as other lending institutions that were prospective clients, requested proof of professional liability insurance from respondent. The petition further alleged that respondent, knowing that he had no professional liability insurance in effect, directed an…