Schenck, Price, Smith & King LLP Partner, Co-Chair Quoted In Leading Insurance Publication
Michael J. Marotte offers insights on D & O insurance.
- Newark, NJ (1888PressRelease) February 11, 2025 - Michael J. Marotte, Partner, Co-Chair at Schenck, Price, Smith & King LLP was quoted in Insurance.com. The article, “What is directors and officers insurance and what does it cover?” discussed how D&O insurance works, as well as coverage options and costs.
According to Marotte, “D&O policies provide coverage for ‘wrongful acts’ by directors and officers, such as mismanagement, errors, omissions, misrepresentations and breach of fiduciary duty — claims which are typically not covered under a commercial general liability policy...Such claims are often asserted by investors or shareholders, employees, creditors and regulatory agencies.”
John E. Ursin, Managing Partner of SPSK said that our Insurance Defense and Coverage practice is substantial and thriving. “We are fortunate to have attorneys with Mike’s vast knowledge and experience in these areas and I am pleased to see him recognized as a thought leader in a leading publication.”
To read the article in its entirety, please click here: http://bit.ly/4h8UsPe
For more information on the firm, please contact Deborah Cmielewski, Esq., Partner; Chair, Marketing and Business Development Committee at dac ( @ ) spsk dot com or 973-540-7327 dot
About MICHAEL J. MAROTTE:
Repeatedly selected to the New Jersey Super Lawyers® * list, featured in New Jersey Monthly magazine, in the field of Business/Corporate law, Michael J. Marotte serves as co-chair of the Corporate and Business Law Practice Group, the Telecommunications Law Practice Group, and the Insurance Coverage Practice Group.
Mike serves as general counsel and national coordinating counsel to several closely held companies with cumulative annual revenues of well over $1 billion. He represents business and corporate clients in connection with corporate governance and finance, mergers and acquisitions, stock purchases, asset purchases, commercial real estate, due diligence, intellectual property matters, employment and tax planning. As New Jersey insurance coverage counsel for several insurance companies, Mike provides guidance on all matters relating to first party property, third party liability, directors and officers and excess insurance coverage. He represents insurers in coverage litigation and against bad faith/extra contractual claims. In addition, Mike presents an annual seminar to insurers and third-party administrators on insurance claim handling and has contributed articles to The New Jersey Law Journal on insurance law and other topics.
Mike serves on the boards for several corporations. He also serves as board president for several charitable foundations. He is counsel to the Cranberry Lake Community Club, a not-for-profit community organization. Mike also serves on the Board of the Sparta Little League and as a director on several charitable boards and organizations. Previously, he was the mayor of Byram Township, a member of the Byram Township Council and the Byram Township Planning Board.
ABOUT INSURANCE.COM:
For over two decades, Insurance.com has been working to help people make informed choices about their insurance. The publication provides expert, unbiased advice, tips and tools to make informative and cost-effective decisions on purchasing home, auto, life and health insurance.
ABOUT SCHENCK, PRICE, SMITH & KING:
Schenck, Price, Smith & King is a full-service law firm with offices in Northern New Jersey and Manhattan, serving closely held, growing companies. For 112 years, Schenck Price has represented commercial businesses, individuals, public institutions and charitable organizations with excellence and integrity. We are proud that, in addition to their expertise and experience as legal practitioners, our attorneys have served in positions of leadership in public institutions, as well as community and charitable organizations.
Founded in 1912 as a two-person law firm in Morristown, Schenck Price has entered its second century of service as a firm of 80+ attorneys, serving virtually all legal needs of businesses and individuals. Our Firm’s long history of legal excellence in the areas of health care, education, construction, trust and estate planning, corporate law, real estate, insurance defense, banking and commercial litigation, has expanded as the Firm has grown. Our areas of practice also include telecommunications, technology, environmental law, corporate governance, labor and employment law, and family law. Many of our attorneys have been recognized as leaders in their respective practice areas.
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