Gereboff v. Home Indemnity Co.

This action for a declaratory judgment was brought in the Superior Court by Samuel Gereboff and Ralph Northrup, both certified public accountants, against three insurance companies. The plaintiffs seek a declaration that the professional liability insurance policy issued by each defendant covers them for alleged accounting malpractice that occurred in 1968. More specifically, they seek a determination that each defendant is required both to defend a negligence action, based upon that 1968 occurrence, that was brought against the plaintiffs in 1973 and to pay any adverse judgment that may be…